QBY vs. TLTX

Last updated Jul 12, 2026

QBY (GraniteShares YieldBOOST QBTS ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - QBY is a Derivative Income fund actively managed by GraniteShares, while TLTX is a Government Bonds fund actively managed by Global X. Both are actively managed. At a 0.20 correlation, their price movements are largely independent. QBY charges 1.07%/yr vs 0.29%/yr for TLTX.

Performance

QBY vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST QBTS ETF (QBY) 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, QBY achieves a -29.71% return, which is significantly lower than TLTX's -1.19% return.

QBY

• 1D: -1.11%
• 1M: -2.52%
• 6M: -30.04%
• YTD: -29.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLTX

• 1D: -0.23%
• 1M: -1.62%
• 6M: -1.59%
• YTD: -1.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QBY vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
QBY GraniteShares YieldBOOST QBTS ETF	-29.71%	-8.88%
TLTX Global X Treasury Bond Enhanced Income ETF	-1.19%	-2.03%

Correlation

The correlation between QBY and TLTX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.20

Return for Risk

QBY vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST QBTS ETF (QBY) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

QBY vs. TLTX - Drawdown Comparison

The maximum QBY drawdown since its inception was -38.93%, which is greater than TLTX's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for QBY and TLTX.

Drawdown Indicators

	QBY	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-38.93%	-6.35%	-32.58%
Current Drawdown Current decline from peak	-36.45%	-4.85%	-31.60%
Average Drawdown Average peak-to-trough decline	-26.67%	-2.33%	-24.34%

Volatility

Volatility by Period

	QBY	TLTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	30.75%	9.31%	+21.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.75%	9.31%	+21.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.75%	9.31%	+21.44%

QBY vs. TLTX - Expense Ratio Comparison

QBY has a 1.07% expense ratio, which is higher than TLTX's 0.29% expense ratio.

Dividends

QBY vs. TLTX - Dividend Comparison

QBY's dividend yield for the trailing twelve months is around 132.09%, more than TLTX's 17.65% yield.

Position	TTM	2025
QBY GraniteShares YieldBOOST QBTS ETF	132.09%	15.05%
TLTX Global X Treasury Bond Enhanced Income ETF	17.65%	7.54%

Frequently Asked Questions

Can I hold both QBY and TLTX in my portfolio?

QBY and TLTX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QBY 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, QBY or TLTX?

TLTX is cheaper with a 0.29% expense ratio, compared with 1.07% for QBY.

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

QBY has the higher dividend yield at 132.09%, compared with 17.65% for TLTX.

What is the main difference between QBY and TLTX?

QBY is categorized as Derivative Income, while TLTX is Government Bonds. They also come from different issuers: GraniteShares and Global X. Their fees differ too: 1.07% for QBY and 0.29% for TLTX.