GOVI vs. TLTX

Last updated Jun 23, 2026

GOVI (Invesco Equal Weight 0-30 Year Treasury ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both Government Bonds funds. GOVI is passively managed, while TLTX is actively managed. A 0.65 correlation means they provide meaningful diversification when combined. GOVI charges 0.15%/yr vs 0.29%/yr for TLTX.

Performance

GOVI vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) and Global X Treasury Bond Enhanced Income ETF (TLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOVI achieves a -0.10% return, which is significantly lower than TLTX's 2.75% return.

GOVI

• 1D: -0.53%
• 1M: 1.16%
• YTD: -0.10%
• 6M: -0.06%
• 1Y: 3.61%
• 3Y*: 0.88%
• 5Y*: -2.91%
• 10Y*: -0.20%

TLTX

• 1D: 0.82%
• 1M: 3.70%
• YTD: 2.75%
• 6M: 2.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GOVI vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
GOVI Invesco Equal Weight 0-30 Year Treasury ETF	-0.10%	4.57%
TLTX Global X Treasury Bond Enhanced Income ETF	2.75%	6.02%

Correlation

The correlation between GOVI and TLTX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.65

Return for Risk

GOVI vs. TLTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GOVI

GOVI Risk / Return Rank: 16
GOVI Sharpe Ratio Rank: 18
GOVI Sortino Ratio Rank: 16
GOVI Omega Ratio Rank: 15
GOVI Calmar Ratio Rank: 16
GOVI Martin Ratio Rank: 17

TLTX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GOVI vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) and Global X Treasury Bond Enhanced Income ETF (TLTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GOVI	TLTX	Difference
Sharpe ratio: Return per unit of total volatility	0.56	—	—
Sortino ratio: Return per unit of downside risk	0.86	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.66	—	—
Martin ratio: Return relative to average drawdown	1.75	—	—

Drawdowns

GOVI vs. TLTX - Drawdown Comparison

The maximum GOVI drawdown since its inception was -32.70%, which is greater than TLTX's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for GOVI and TLTX.

Drawdown Indicators

	GOVI	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-32.70%	-6.35%	-26.35%
Max Drawdown (1Y) Largest decline over 1 year	-5.45%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.70%	—	—
Current Drawdown Current decline from peak	-22.04%	-1.05%	-20.99%
Average Drawdown Average peak-to-trough decline	-9.68%	-2.29%	-7.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	—	—

Volatility

Volatility by Period

	GOVI	TLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.43%	9.13%	-2.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.85%	9.13%	+0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.10%	9.13%	-0.03%

GOVI vs. TLTX - Expense Ratio Comparison

GOVI has a 0.15% expense ratio, which is lower than TLTX's 0.29% expense ratio.

Dividends

GOVI vs. TLTX - Dividend Comparison

GOVI's dividend yield for the trailing twelve months is around 4.16%, less than TLTX's 16.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOVI Invesco Equal Weight 0-30 Year Treasury ETF	4.16%	3.75%	3.56%	2.87%	1.97%	1.15%	1.00%	1.96%	2.14%	2.02%	2.00%	2.14%
TLTX Global X Treasury Bond Enhanced Income ETF	16.98%	7.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GOVI and TLTX in my portfolio?

GOVI and TLTX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GOVI or TLTX?

On fees, GOVI is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GOVI or TLTX?

GOVI is cheaper with a 0.15% expense ratio, compared with 0.29% for TLTX.

Which ETF pays a higher dividend yield, GOVI or TLTX?

TLTX has the higher dividend yield at 16.98%, compared with 4.16% for GOVI.

What is the main difference between GOVI and TLTX?

They also come from different issuers: Invesco and Global X. Their fees differ too: 0.15% for GOVI and 0.29% for TLTX.