ODTE vs. TLTX

Last updated Jun 7, 2026

ODTE (VegaShares SPX NDX RTY Premium Income ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - ODTE is a Derivative Income fund actively managed by VegaShares, while TLTX is a Government Bonds fund actively managed by Global X. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. ODTE charges 0.76%/yr vs 0.29%/yr for TLTX.

Performance

ODTE vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VegaShares SPX NDX RTY Premium Income ETF (ODTE) and Global X Treasury Bond Enhanced Income ETF (TLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ODTE

• 1D: -3.53%
• 1M: -1.06%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLTX

• 1D: -0.35%
• 1M: -1.00%
• YTD: -0.34%
• 6M: -0.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ODTE vs. TLTX - Yearly Performance Comparison

	2026 (YTD)
ODTE VegaShares SPX NDX RTY Premium Income ETF	9.10%
TLTX Global X Treasury Bond Enhanced Income ETF	-0.62%

Correlation

The correlation between ODTE and TLTX is 0.54, 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 Apr 6, 2026	0.54

Return for Risk

ODTE vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VegaShares SPX NDX RTY Premium Income ETF (ODTE) 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

	ODTE	TLTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	4.46	0.62	+3.84

Drawdowns

ODTE vs. TLTX - Drawdown Comparison

The maximum ODTE drawdown since its inception was -3.86%, smaller than the maximum TLTX drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for ODTE and TLTX.

Drawdown Indicators

	ODTE	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-3.86%	-6.35%	+2.49%
Current Drawdown Current decline from peak	-3.86%	-4.03%	+0.17%
Average Drawdown Average peak-to-trough decline	-0.47%	-2.29%	+1.82%

Volatility

Volatility by Period

	ODTE	TLTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.67%	9.11%	+5.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.67%	9.11%	+5.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.67%	9.11%	+5.56%

ODTE vs. TLTX - Expense Ratio Comparison

ODTE has a 0.76% expense ratio, which is higher than TLTX's 0.29% expense ratio.

Dividends

ODTE vs. TLTX - Dividend Comparison

ODTE's dividend yield for the trailing twelve months is around 2.19%, less than TLTX's 15.79% yield.

Position	TTM	2025
ODTE VegaShares SPX NDX RTY Premium Income ETF	2.19%	0.00%
TLTX Global X Treasury Bond Enhanced Income ETF	15.79%	7.54%

Frequently Asked Questions

Can I hold both ODTE and TLTX in my portfolio?

ODTE and TLTX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ODTE 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, ODTE or TLTX?

TLTX is cheaper with a 0.29% expense ratio, compared with 0.76% for ODTE.

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

TLTX has the higher dividend yield at 15.79%, compared with 2.19% for ODTE.

What is the main difference between ODTE and TLTX?

ODTE is categorized as Derivative Income, while TLTX is Government Bonds. They also come from different issuers: VegaShares and Global X. Their fees differ too: 0.76% for ODTE and 0.29% for TLTX.