NVDW vs. TLTX

Last updated Jun 5, 2026

NVDW (Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - NVDW is a Derivative Income fund actively managed by Roundhill, while TLTX is a Government Bonds fund actively managed by Global X. Both are actively managed. At a 0.10 correlation, their price movements are largely independent. NVDW charges 0.99%/yr vs 0.29%/yr for TLTX.

Performance

NVDW vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW) 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, NVDW achieves a 18.30% return, which is significantly higher than TLTX's 0.25% return.

NVDW

• 1D: 2.02%
• 1M: 13.37%
• YTD: 18.30%
• 6M: 20.44%
• 1Y: 59.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLTX

• 1D: 0.61%
• 1M: 0.23%
• YTD: 0.25%
• 6M: -0.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDW vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	18.30%	7.98%
TLTX Global X Treasury Bond Enhanced Income ETF	0.25%	5.40%

Correlation

The correlation between NVDW and TLTX is 0.10, 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 17, 2025	0.10

Return for Risk

NVDW vs. TLTX — Risk / Return Rank

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

NVDW

NVDW Risk / Return Rank: 41
NVDW Sharpe Ratio Rank: 42
NVDW Sortino Ratio Rank: 41
NVDW Omega Ratio Rank: 38
NVDW Calmar Ratio Rank: 48
NVDW Martin Ratio Rank: 37

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.

NVDW vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW) 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.

	NVDW	TLTX	Difference
Sharpe ratio: Return per unit of total volatility	1.46	—	—
Sortino ratio: Return per unit of downside risk	2.06	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	2.35	—	—
Martin ratio: Return relative to average drawdown	5.69	—	—
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

	NVDW	TLTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.59	0.70	+0.89

Drawdowns

NVDW vs. TLTX - Drawdown Comparison

The maximum NVDW drawdown since its inception was -25.54%, which is greater than TLTX's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for NVDW and TLTX.

Drawdown Indicators

	NVDW	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-25.54%	-6.35%	-19.19%
Max Drawdown (1Y) Largest decline over 1 year	-25.54%	—	—
Current Drawdown Current decline from peak	-8.85%	-3.46%	-5.39%
Average Drawdown Average peak-to-trough decline	-8.19%	-2.27%	-5.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.51%	—	—

Volatility

Volatility by Period

	NVDW	TLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	41.06%	9.14%	+31.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.11%	9.14%	+31.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.11%	9.14%	+31.97%

NVDW vs. TLTX - Expense Ratio Comparison

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

Dividends

NVDW vs. TLTX - Dividend Comparison

NVDW's dividend yield for the trailing twelve months is around 57.01%, more than TLTX's 15.70% yield.

Position	TTM	2025
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	57.01%	38.94%
TLTX Global X Treasury Bond Enhanced Income ETF	15.70%	7.54%

Frequently Asked Questions

Can I hold both NVDW and TLTX in my portfolio?

NVDW and TLTX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVDW 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, NVDW or TLTX?

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

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

NVDW has the higher dividend yield at 57.01%, compared with 15.70% for TLTX.

What is the main difference between NVDW and TLTX?

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