HIYY vs. TLTX

Last updated Jun 5, 2026

HIYY (YieldMax HIMS Option Income Strategy ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - HIYY is a Derivative Income fund actively managed by YieldMax, while TLTX is a Government Bonds fund actively managed by Global X. Both are actively managed. At a 0.13 correlation, their price movements are largely independent. HIYY charges 0.99%/yr vs 0.29%/yr for TLTX.

Performance

HIYY vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax HIMS Option Income Strategy ETF (HIYY) 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, HIYY achieves a -13.14% return, which is significantly lower than TLTX's 0.25% return.

HIYY

• 1D: 0.70%
• 1M: 4.42%
• YTD: -13.14%
• 6M: -25.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLTX

• 1D: 0.61%
• 1M: 0.23%
• YTD: 0.25%
• 6M: -0.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HIYY vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
HIYY YieldMax HIMS Option Income Strategy ETF	-13.14%	-37.26%
TLTX Global X Treasury Bond Enhanced Income ETF	0.25%	0.22%

Correlation

The correlation between HIYY and TLTX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.13

Return for Risk

HIYY vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax HIMS Option Income Strategy ETF (HIYY) 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.

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

Sharpe Ratios by Period

	HIYY	TLTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.68	0.70	-1.39

Drawdowns

HIYY vs. TLTX - Drawdown Comparison

The maximum HIYY drawdown since its inception was -73.95%, which is greater than TLTX's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for HIYY and TLTX.

Drawdown Indicators

	HIYY	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-73.95%	-6.35%	-67.60%
Current Drawdown Current decline from peak	-50.48%	-3.46%	-47.02%
Average Drawdown Average peak-to-trough decline	-43.96%	-2.27%	-41.69%

Volatility

Volatility by Period

	HIYY	TLTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	85.41%	9.14%	+76.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.41%	9.14%	+76.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.41%	9.14%	+76.27%

HIYY vs. TLTX - Expense Ratio Comparison

HIYY has a 0.99% expense ratio, which is higher than TLTX's 0.29% expense ratio.

Dividends

HIYY vs. TLTX - Dividend Comparison

HIYY's dividend yield for the trailing twelve months is around 90.21%, more than TLTX's 15.70% yield.

Position	TTM	2025
HIYY YieldMax HIMS Option Income Strategy ETF	90.21%	29.99%
TLTX Global X Treasury Bond Enhanced Income ETF	15.70%	7.54%

Frequently Asked Questions

Can I hold both HIYY and TLTX in my portfolio?

HIYY and TLTX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HIYY or TLTX?

On fees, TLTX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HIYY or TLTX?

TLTX is cheaper with a 0.29% expense ratio, compared with 0.99% for HIYY.

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

HIYY has the higher dividend yield at 90.21%, compared with 15.70% for TLTX.

What is the main difference between HIYY and TLTX?

HIYY is categorized as Derivative Income, while TLTX is Government Bonds. They also come from different issuers: YieldMax and Global X. Their fees differ too: 0.99% for HIYY and 0.29% for TLTX.