MSTK vs. TLTX

Last updated Jun 4, 2026

MSTK (Tuttle Capital MSTR 0DTE Covered Call ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - MSTK is a Derivative Income fund actively managed by Tuttle Capital Management, while TLTX is a Government Bonds fund actively managed by Global X. Both are actively managed. At a 0.05 correlation, their price movements are largely independent. MSTK charges 0.99%/yr vs 0.29%/yr for TLTX.

Performance

MSTK vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital MSTR 0DTE Covered Call ETF (MSTK) and Global X Treasury Bond Enhanced Income ETF (TLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MSTK

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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)

MSTK vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
MSTK Tuttle Capital MSTR 0DTE Covered Call ETF	-20.94%	-47.41%
TLTX Global X Treasury Bond Enhanced Income ETF	-0.36%	-2.76%

Correlation

The correlation between MSTK and TLTX is 0.05, 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 Oct 24, 2025	0.05

Return for Risk

MSTK vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital MSTR 0DTE Covered Call ETF (MSTK) 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

	MSTK	TLTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.63	—

Drawdowns

Drawdown Indicators

	MSTK	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	—	-6.35%	—
Current Drawdown Current decline from peak	—	-4.05%	—
Average Drawdown Average peak-to-trough decline	—	-2.27%	—

Volatility

Volatility by Period

	MSTK	TLTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	9.14%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	9.14%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	9.14%	—

MSTK vs. TLTX - Expense Ratio Comparison

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

Dividends

MSTK vs. TLTX - Dividend Comparison

MSTK's dividend yield for the trailing twelve months is around 49.03%, more than TLTX's 15.79% yield.

Position	TTM	2025
MSTK Tuttle Capital MSTR 0DTE Covered Call ETF	49.03%	26.75%
TLTX Global X Treasury Bond Enhanced Income ETF	15.79%	7.54%

Frequently Asked Questions

Can I hold both MSTK and TLTX in my portfolio?

MSTK and TLTX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSTK 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, MSTK or TLTX?

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

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

MSTK has the higher dividend yield at 49.03%, compared with 15.79% for TLTX.

What is the main difference between MSTK and TLTX?

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