LQTI vs. TLTX

Last updated Jul 16, 2026

LQTI (FT Vest Investment Grade & Target Income ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - LQTI is a Derivative Income fund actively managed by FT Vest, while TLTX is a Government Bonds fund actively managed by Global X. Both are actively managed. Over the past year, LQTI returned 4.30% vs 4.54% for TLTX. A 0.52 correlation means they provide meaningful diversification when combined. LQTI charges 0.65%/yr vs 0.29%/yr for TLTX.

Performance

LQTI vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Investment Grade & Target Income ETF (LQTI) 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, LQTI achieves a -0.24% return, which is significantly higher than TLTX's -1.39% return.

LQTI

• 1D: 0.32%
• 1M: -0.71%
• 6M: -0.67%
• YTD: -0.24%
• 1Y: 4.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLTX

• 1D: 0.15%
• 1M: -3.09%
• 6M: -1.83%
• YTD: -1.39%
• 1Y: 4.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LQTI vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
LQTI FT Vest Investment Grade & Target Income ETF	-0.24%	4.54%
TLTX Global X Treasury Bond Enhanced Income ETF	-1.39%	6.02%

Correlation

The correlation between LQTI and TLTX is 0.52, 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	0.52

Return for Risk

LQTI vs. TLTX — Risk / Return Rank

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

LQTI

LQTI Risk / Return Rank: 28
LQTI Sharpe Ratio Rank: 28
LQTI Sortino Ratio Rank: 26
LQTI Omega Ratio Rank: 24
LQTI Calmar Ratio Rank: 30
LQTI Martin Ratio Rank: 31

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.

LQTI vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Investment Grade & Target Income ETF (LQTI) 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.

	LQTI	TLTX	Difference
Sharpe ratio: Return per unit of total volatility	0.84	—	—
Sortino ratio: Return per unit of downside risk	1.22	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	1.27	—	—
Martin ratio: Return relative to average drawdown	3.60	—	—

Drawdowns

LQTI vs. TLTX - Drawdown Comparison

The maximum LQTI drawdown since its inception was -3.41%, smaller than the maximum TLTX drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for LQTI and TLTX.

Drawdown Indicators

	LQTI	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-3.41%	-6.35%	+2.94%
Max Drawdown (1Y) Largest decline over 1 year	-3.41%	-6.35%	+2.94%
Current Drawdown Current decline from peak	-1.83%	-5.04%	+3.21%
Average Drawdown Average peak-to-trough decline	-0.92%	-2.37%	+1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.19%	—	—

Volatility

Volatility by Period

	LQTI	TLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.15%	9.26%	-4.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.92%	9.26%	-3.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.92%	9.26%	-3.34%

LQTI vs. TLTX - Expense Ratio Comparison

LQTI has a 0.65% expense ratio, which is higher than TLTX's 0.29% expense ratio.

Dividends

LQTI vs. TLTX - Dividend Comparison

LQTI's dividend yield for the trailing twelve months is around 9.20%, less than TLTX's 17.69% yield.

Position	TTM	2025
LQTI FT Vest Investment Grade & Target Income ETF	9.20%	7.01%
TLTX Global X Treasury Bond Enhanced Income ETF	17.69%	7.54%

Frequently Asked Questions

Can I hold both LQTI and TLTX in my portfolio?

LQTI and TLTX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LQTI or TLTX?

On 1-year performance, TLTX leads with 4.54% vs 4.30% for LQTI. 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 has performed better, LQTI or TLTX?

Over the 1-year period, TLTX has performed better with a 4.54% return vs 4.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LQTI or TLTX?

TLTX is cheaper with a 0.29% expense ratio, compared with 0.65% for LQTI.

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

TLTX has the higher dividend yield at 17.69%, compared with 9.20% for LQTI.

What is the main difference between LQTI and TLTX?

LQTI is categorized as Derivative Income, while TLTX is Government Bonds. They also come from different issuers: FT Vest and Global X. Their fees differ too: 0.65% for LQTI and 0.29% for TLTX.