TLTI.L vs. BRKC

Last updated Apr 2, 2026

Compare and contrast key facts about IncomeShares 20+ Year Treasury (TLT) Options ETP (TLTI.L) and YieldMax BRK.B Option Income Strategy ETF (BRKC).

TLTI.L and BRKC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TLTI.L is an actively managed fund by Leverage Shares. It was launched on Jun 27, 2025. BRKC is an actively managed fund by YieldMax. It was launched on Jun 4, 2025.

Performance

TLTI.L vs. BRKC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IncomeShares 20+ Year Treasury (TLT) Options ETP (TLTI.L) and YieldMax BRK.B Option Income Strategy ETF (BRKC). The values are adjusted to include any dividend payments, if applicable.

TLTI.L vs. BRKC - Yearly Performance Comparison

	2026 (YTD)	2025
TLTI.L IncomeShares 20+ Year Treasury (TLT) Options ETP	-2.31%	-0.47%
BRKC YieldMax BRK.B Option Income Strategy ETF	-3.59%	0.37%

Returns By Period

In the year-to-date period, TLTI.L achieves a -2.31% return, which is significantly higher than BRKC's -3.59% return.

TLTI.L

• 1D: -1.39%
• 1M: -3.72%
• YTD: -2.31%
• 6M: -4.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRKC

• 1D: 0.11%
• 1M: 0.78%
• YTD: -3.59%
• 6M: -3.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TLTI.L vs. BRKC - Expense Ratio Comparison

TLTI.L has a 0.55% expense ratio, which is lower than BRKC's 0.99% expense ratio.

BRKC

YieldMax BRK.B Option Income Strategy ETF

TLTI.L

IncomeShares 20+ Year Treasury (TLT) Options ETP

Return for Risk

TLTI.L vs. BRKC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares 20+ Year Treasury (TLT) Options ETP (TLTI.L) and YieldMax BRK.B Option Income Strategy ETF (BRKC). 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

	TLTI.L	BRKC	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.34	-0.25	-0.10

Correlation

The correlation between TLTI.L and BRKC is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TLTI.L vs. BRKC - Dividend Comparison

TLTI.L's dividend yield for the trailing twelve months is around 0.07%, less than BRKC's 16.26% yield.

	TTM	2025
TLTI.L IncomeShares 20+ Year Treasury (TLT) Options ETP	0.07%	0.02%
BRKC YieldMax BRK.B Option Income Strategy ETF	16.26%	10.81%

Drawdowns

TLTI.L vs. BRKC - Drawdown Comparison

The maximum TLTI.L drawdown since its inception was -10.31%, which is greater than BRKC's maximum drawdown of -7.59%. Use the drawdown chart below to compare losses from any high point for TLTI.L and BRKC.

Drawdown Indicators

	TLTI.L	BRKC	Difference
Max Drawdown Largest peak-to-trough decline	-10.31%	-7.59%	-2.72%
Current Drawdown Current decline from peak	-8.28%	-5.53%	-2.75%
Average Drawdown Average peak-to-trough decline	-3.90%	-2.61%	-1.29%

Volatility

Volatility by Period

	TLTI.L	BRKC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	10.49%	13.28%	-2.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.49%	13.28%	-2.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.49%	13.28%	-2.79%