IBTR vs. TLTX

Last updated Jun 6, 2026

IBTR (iShares iBonds Dec 2036 Term Treasury ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both Government Bonds funds. IBTR is passively managed, while TLTX is actively managed. A 0.66 correlation means they provide meaningful diversification when combined. IBTR charges 0.07%/yr vs 0.29%/yr for TLTX.

Performance

IBTR vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2036 Term Treasury ETF (IBTR) and Global X Treasury Bond Enhanced Income ETF (TLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBTR

• 1D: -0.48%
• 1M: -1.04%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLTX

• 1D: -0.23%
• 1M: -0.35%
• YTD: 0.01%
• 6M: -0.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBTR vs. TLTX - Yearly Performance Comparison

	2026 (YTD)
IBTR iShares iBonds Dec 2036 Term Treasury ETF	-0.01%
TLTX Global X Treasury Bond Enhanced Income ETF	0.18%

Correlation

The correlation between IBTR and TLTX is 0.66, 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 Mar 27, 2026	0.66

Return for Risk

IBTR vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2036 Term Treasury ETF (IBTR) 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

	IBTR	TLTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.67	-0.68

Drawdowns

IBTR vs. TLTX - Drawdown Comparison

The maximum IBTR drawdown since its inception was -2.88%, smaller than the maximum TLTX drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for IBTR and TLTX.

Drawdown Indicators

	IBTR	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-2.88%	-6.35%	+3.47%
Current Drawdown Current decline from peak	-1.69%	-3.69%	+2.00%
Average Drawdown Average peak-to-trough decline	-0.89%	-2.28%	+1.39%

Volatility

Volatility by Period

	IBTR	TLTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.39%	9.12%	-3.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.39%	9.12%	-3.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.39%	9.12%	-3.73%

IBTR vs. TLTX - Expense Ratio Comparison

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

Dividends

IBTR vs. TLTX - Dividend Comparison

IBTR's dividend yield for the trailing twelve months is around 0.67%, less than TLTX's 15.74% yield.

Position	TTM	2025
IBTR iShares iBonds Dec 2036 Term Treasury ETF	0.67%	0.00%
TLTX Global X Treasury Bond Enhanced Income ETF	15.74%	7.54%

Frequently Asked Questions

Can I hold both IBTR and TLTX in my portfolio?

IBTR and TLTX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBTR or TLTX?

On fees, IBTR 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, IBTR or TLTX?

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

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

TLTX has the higher dividend yield at 15.74%, compared with 0.67% for IBTR.

What is the main difference between IBTR and TLTX?

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