IBTJ vs. TLTX

Last updated Jun 4, 2026

IBTJ (iShares iBonds Dec 2029 Term Treasury ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both Government Bonds funds. IBTJ is passively managed, while TLTX is actively managed. At a 0.42 correlation, their price movements are largely independent. IBTJ charges 0.07%/yr vs 0.29%/yr for TLTX.

Performance

IBTJ vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) 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, IBTJ achieves a -0.10% return, which is significantly higher than TLTX's -0.36% return.

IBTJ

• 1D: -0.14%
• 1M: -0.10%
• YTD: -0.10%
• 6M: 0.01%
• 1Y: 3.49%
• 3Y*: 3.51%
• 5Y*: 0.06%
• 10Y*: —

TLTX

• 1D: -0.37%
• 1M: -0.19%
• YTD: -0.36%
• 6M: -1.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBTJ vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
IBTJ iShares iBonds Dec 2029 Term Treasury ETF	-0.10%	2.83%
TLTX Global X Treasury Bond Enhanced Income ETF	-0.36%	5.40%

Correlation

The correlation between IBTJ and TLTX is 0.42, 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 Jul 17, 2025	0.42

Return for Risk

IBTJ vs. TLTX — Risk / Return Rank

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

IBTJ

IBTJ Risk / Return Rank: 42
IBTJ Sharpe Ratio Rank: 41
IBTJ Sortino Ratio Rank: 45
IBTJ Omega Ratio Rank: 40
IBTJ Calmar Ratio Rank: 44
IBTJ Martin Ratio Rank: 39

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.

IBTJ vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) 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.

	IBTJ	TLTX	Difference
Sharpe ratio: Return per unit of total volatility	1.44	—	—
Sortino ratio: Return per unit of downside risk	2.24	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.17	—	—
Martin ratio: Return relative to average drawdown	6.23	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBTJ	TLTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.63	-0.65

Drawdowns

IBTJ vs. TLTX - Drawdown Comparison

The maximum IBTJ drawdown since its inception was -20.19%, which is greater than TLTX's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for IBTJ and TLTX.

Drawdown Indicators

	IBTJ	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-20.19%	-6.35%	-13.84%
Max Drawdown (1Y) Largest decline over 1 year	-1.62%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.47%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.21%	—	—
Current Drawdown Current decline from peak	-6.30%	-4.05%	-2.25%
Average Drawdown Average peak-to-trough decline	-9.73%	-2.27%	-7.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	—	—

Volatility

Volatility by Period

	IBTJ	TLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.43%	9.14%	-6.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.74%	9.14%	-3.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.99%	9.14%	-3.15%

IBTJ vs. TLTX - Expense Ratio Comparison

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

Dividends

IBTJ vs. TLTX - Dividend Comparison

IBTJ's dividend yield for the trailing twelve months is around 3.81%, less than TLTX's 15.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
IBTJ iShares iBonds Dec 2029 Term Treasury ETF	3.81%	3.78%	3.95%	3.48%	1.86%	0.74%	0.61%
TLTX Global X Treasury Bond Enhanced Income ETF	15.79%	7.54%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBTJ and TLTX in my portfolio?

IBTJ and TLTX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBTJ or TLTX?

On fees, IBTJ 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, IBTJ or TLTX?

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

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

TLTX has the higher dividend yield at 15.79%, compared with 3.81% for IBTJ.

What is the main difference between IBTJ and TLTX?

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