SQY vs. TLTX

Last updated Jun 5, 2026

SQY (YieldMax SQ Option Income Strategy ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - SQY is a Derivative Income fund actively managed by YieldMax, while TLTX is a Government Bonds fund actively managed by Global X. Both are actively managed. SQY charges 1.01%/yr vs 0.29%/yr for TLTX.

Performance

SQY vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax SQ Option Income Strategy ETF (SQY) and Global X Treasury Bond Enhanced Income ETF (TLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SQY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 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)

Return for Risk

SQY vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax SQ Option Income Strategy ETF (SQY) 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

	SQY	TLTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.70	—

Drawdowns

Drawdown Indicators

	SQY	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	—	-6.35%	—
Current Drawdown Current decline from peak	—	-3.46%	—
Average Drawdown Average peak-to-trough decline	—	-2.27%	—

Volatility

Volatility by Period

	SQY	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%	—

SQY vs. TLTX - Expense Ratio Comparison

SQY has a 1.01% expense ratio, which is higher than TLTX's 0.29% expense ratio.

Dividends

SQY vs. TLTX - Dividend Comparison

SQY has not paid dividends to shareholders, while TLTX's dividend yield for the trailing twelve months is around 15.70%.

Position	TTM	2025
SQY YieldMax SQ Option Income Strategy ETF	0.00%	0.00%
TLTX Global X Treasury Bond Enhanced Income ETF	15.70%	7.54%

Frequently Asked Questions

Which ETF is better, SQY 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, SQY or TLTX?

TLTX is cheaper with a 0.29% expense ratio, compared with 1.01% for SQY.

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

TLTX has the higher dividend yield at 15.70%, compared with 0.00% for SQY.

What is the main difference between SQY and TLTX?

SQY is categorized as Derivative Income, while TLTX is Government Bonds. They also come from different issuers: YieldMax and Global X. Their fees differ too: 1.01% for SQY and 0.29% for TLTX.