IBTF vs. TLTX

Last updated Jun 20, 2026

IBTF (iShares iBonds Dec 2025 Term Treasury ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both Government Bonds funds. IBTF is passively managed, while TLTX is actively managed. At a 0.00 correlation, their price movements are largely independent. IBTF charges 0.07%/yr vs 0.29%/yr for TLTX.

Performance

IBTF vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2025 Term Treasury ETF (IBTF) and Global X Treasury Bond Enhanced Income ETF (TLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBTF

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 1.92%
• 3Y*: 3.77%
• 5Y*: 0.96%
• 10Y*: —

TLTX

• 1D: 0.30%
• 1M: 4.81%
• YTD: 1.92%
• 6M: 2.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBTF vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
IBTF iShares iBonds Dec 2025 Term Treasury ETF	0.00%	1.61%
TLTX Global X Treasury Bond Enhanced Income ETF	1.92%	6.02%

Correlation

The correlation between IBTF and TLTX is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.00

Return for Risk

IBTF vs. TLTX — Risk / Return Rank

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

IBTF

IBTF Risk / Return Rank: 99
IBTF Sharpe Ratio Rank: 99
IBTF Sortino Ratio Rank: 99
IBTF Omega Ratio Rank: 99
IBTF Calmar Ratio Rank: 99
IBTF Martin Ratio Rank: 99

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.

IBTF vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2025 Term Treasury ETF (IBTF) 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.

	IBTF	TLTX	Difference
Sharpe ratio: Return per unit of total volatility	6.75	—	—
Sortino ratio: Return per unit of downside risk	19.44	—	—
Omega ratio: Gain probability vs. loss probability	6.26	—	—
Calmar ratio: Return relative to maximum drawdown	53.32	—	—
Martin ratio: Return relative to average drawdown	269.65	—	—

Drawdowns

IBTF vs. TLTX - Drawdown Comparison

The maximum IBTF drawdown since its inception was -10.45%, which is greater than TLTX's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for IBTF and TLTX.

Drawdown Indicators

	IBTF	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-10.45%	-6.35%	-4.10%
Max Drawdown (1Y) Largest decline over 1 year	-0.04%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-9.53%	—	—
Current Drawdown Current decline from peak	0.00%	-1.85%	+1.85%
Average Drawdown Average peak-to-trough decline	-3.30%	-2.29%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	—	—

Volatility

Volatility by Period

	IBTF	TLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.35%	9.11%	-8.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.37%	9.11%	-6.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.55%	9.11%	-6.56%

IBTF vs. TLTX - Expense Ratio Comparison

IBTF has a 0.07% expense ratio, which is lower than TLTX's 0.29% expense ratio.

Dividends

IBTF vs. TLTX - Dividend Comparison

IBTF's dividend yield for the trailing twelve months is around 2.08%, less than TLTX's 15.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
IBTF iShares iBonds Dec 2025 Term Treasury ETF	2.08%	3.83%	4.32%	4.03%	1.93%	0.57%	0.59%
TLTX Global X Treasury Bond Enhanced Income ETF	15.44%	7.54%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBTF and TLTX in my portfolio?

IBTF and TLTX have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBTF or TLTX?

On fees, IBTF is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBTF or TLTX?

IBTF is cheaper with a 0.07% expense ratio, compared with 0.29% for TLTX.

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

TLTX has the higher dividend yield at 15.44%, compared with 2.08% for IBTF.

What is the main difference between IBTF and TLTX?

They also come from different issuers: iShares and Global X. Their fees differ too: 0.07% for IBTF and 0.29% for TLTX.