TLT vs. TLTX
TLT (iShares 20+ Year Treasury Bond ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both Government Bonds funds. TLT is passively managed, while TLTX is actively managed. A 0.67 correlation means they provide meaningful diversification when combined. TLT charges 0.15%/yr vs 0.29%/yr for TLTX.
Performance
TLT vs. TLTX - Performance Comparison
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Returns By Period
In the year-to-date period, TLT achieves a 0.76% return, which is significantly lower than TLTX's 1.92% return.
TLT
- 1D
- 0.55%
- 1M
- 3.43%
- YTD
- 0.76%
- 6M
- 0.32%
- 1Y
- 5.45%
- 3Y*
- -1.66%
- 5Y*
- -6.54%
- 10Y*
- -1.73%
TLTX
- 1D
- 0.17%
- 1M
- 4.34%
- YTD
- 1.92%
- 6M
- 2.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLT vs. TLTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TLT iShares 20+ Year Treasury Bond ETF | 0.76% | 4.83% |
TLTX Global X Treasury Bond Enhanced Income ETF | 1.92% | 6.02% |
Correlation
The correlation between TLT and TLTX is 0.67, 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 Jul 16, 2025 | 0.67 |
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Return for Risk
TLT vs. TLTX — Risk / Return Rank
TLT
TLTX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TLT vs. TLTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year Treasury Bond ETF (TLT) 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.
| TLT | TLTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.10 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | — | — |
| Martin ratioReturn relative to average drawdown | 1.73 | — | — |
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Drawdowns
TLT vs. TLTX - Drawdown Comparison
The maximum TLT drawdown since its inception was -48.35%, which is greater than TLTX's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for TLT and TLTX.
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Drawdown Indicators
| TLT | TLTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.35% | -6.35% | -42.00% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -43.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.35% | — | — |
Current DrawdownCurrent decline from peak | -39.82% | -1.85% | -37.97% |
Average DrawdownAverage peak-to-trough decline | -13.85% | -2.30% | -11.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | — | — |
Volatility
TLT vs. TLTX - Volatility Comparison
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Volatility by Period
| TLT | TLTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.59% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.57% | 9.14% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.86% | 9.14% | +6.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 9.14% | +5.77% |
TLT vs. TLTX - Expense Ratio Comparison
TLT has a 0.15% expense ratio, which is lower than TLTX's 0.29% expense ratio.
Dividends
TLT vs. TLTX - Dividend Comparison
TLT's dividend yield for the trailing twelve months is around 4.54%, less than TLTX's 15.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLT iShares 20+ Year Treasury Bond ETF | 4.54% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
TLTX Global X Treasury Bond Enhanced Income ETF | 15.44% | 7.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TLT and TLTX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TLT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TLT is cheaper with a 0.15% expense ratio, compared with 0.29% for TLTX.
TLTX has the higher dividend yield at 15.44%, compared with 4.54% for TLT.
They also come from different issuers: iShares and Global X. Their fees differ too: 0.15% for TLT and 0.29% for TLTX.
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