TLTI vs. AGGH

Last updated Jun 4, 2026

TLTI (NEOS Enhanced Income 20+ Year Treasury Bond ETF) and AGGH (Simplify Aggregate Bond ETF) are both exchange-traded funds - TLTI is a Derivative Income fund actively managed by NEOS Investments, while AGGH is a Intermediate Core Bond fund actively managed by Simplify. Both are actively managed. Over the past year, TLTI returned 6.68% vs 9.06% for AGGH. A 0.72 correlation means they provide meaningful diversification when combined. TLTI charges 0.58%/yr vs 0.33%/yr for AGGH.

Performance

TLTI vs. AGGH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Enhanced Income 20+ Year Treasury Bond ETF (TLTI) and Simplify Aggregate Bond ETF (AGGH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLTI achieves a 0.83% return, which is significantly higher than AGGH's 0.48% return.

TLTI

• 1D: -0.42%
• 1M: 0.91%
• YTD: 0.83%
• 6M: -0.98%
• 1Y: 6.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AGGH

• 1D: -0.32%
• 1M: 0.30%
• YTD: 0.48%
• 6M: 0.53%
• 1Y: 9.06%
• 3Y*: 4.70%
• 5Y*: —
• 10Y*: —

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

TLTI vs. AGGH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TLTI NEOS Enhanced Income 20+ Year Treasury Bond ETF	0.83%	4.31%	-4.61%
AGGH Simplify Aggregate Bond ETF	0.48%	8.23%	-1.42%

Correlation

The correlation between TLTI and AGGH is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024	0.72

The correlation between TLTI and AGGH has been stable across timeframes, ranging from 0.72 to 0.73 - a consistent structural relationship.

TLTI vs. AGGH - Sectors Allocation Comparison

Sectors	TLTI	AGGH
Technology	35.6%	-
Financial Services	11.8%	79.5%
Communication Services	11.2%	-
Consumer Cyclical	10.1%	-
Healthcare	8.5%	-
Industrials	8.3%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.4%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

TLTI vs. AGGH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TLTI

TLTI Risk / Return Rank: 20
TLTI Sharpe Ratio Rank: 20
TLTI Sortino Ratio Rank: 20
TLTI Omega Ratio Rank: 19
TLTI Calmar Ratio Rank: 22
TLTI Martin Ratio Rank: 21

AGGH

AGGH Risk / Return Rank: 44
AGGH Sharpe Ratio Rank: 35
AGGH Sortino Ratio Rank: 36
AGGH Omega Ratio Rank: 38
AGGH Calmar Ratio Rank: 58
AGGH Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TLTI vs. AGGH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income 20+ Year Treasury Bond ETF (TLTI) and Simplify Aggregate Bond ETF (AGGH). 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.

	TLTI	AGGH	Difference
Sharpe ratio: Return per unit of total volatility	0.71	1.28	-0.57
Sortino ratio: Return per unit of downside risk	1.08	1.92	-0.85
Omega ratio: Gain probability vs. loss probability	1.12	1.25	-0.13
Calmar ratio: Return relative to maximum drawdown	1.02	2.94	-1.92
Martin ratio: Return relative to average drawdown	2.47	8.57	-6.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TLTI vs. AGGH - Sharpe Ratio Comparison

The current TLTI Sharpe Ratio is 0.71, which is lower than the AGGH Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of TLTI and AGGH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TLTI	AGGH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	1.28	-0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.27	-0.25

Drawdowns

TLTI vs. AGGH - Drawdown Comparison

The maximum TLTI drawdown since its inception was -8.70%, smaller than the maximum AGGH drawdown of -13.26%. Use the drawdown chart below to compare losses from any high point for TLTI and AGGH.

Drawdown Indicators

	TLTI	AGGH	Difference
Max Drawdown Largest peak-to-trough decline	-8.70%	-13.26%	+4.56%
Max Drawdown (1Y) Largest decline over 1 year	-6.60%	-3.10%	-3.50%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.67%	—
Current Drawdown Current decline from peak	-3.70%	-1.58%	-2.12%
Average Drawdown Average peak-to-trough decline	-3.51%	-4.45%	+0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	1.06%	+1.65%

Volatility

TLTI vs. AGGH - Volatility Comparison

NEOS Enhanced Income 20+ Year Treasury Bond ETF (TLTI) has a higher volatility of 2.80% compared to Simplify Aggregate Bond ETF (AGGH) at 1.54%. This indicates that TLTI's price experiences larger fluctuations and is considered to be riskier than AGGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLTI	AGGH	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	1.54%	+1.26%
Volatility (6M) Calculated over the trailing 6-month period	6.43%	3.33%	+3.10%
Volatility (1Y) Calculated over the trailing 1-year period	9.48%	7.10%	+2.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.15%	8.46%	+2.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.15%	8.46%	+2.69%

TLTI vs. AGGH - Expense Ratio Comparison

TLTI has a 0.58% expense ratio, which is higher than AGGH's 0.33% expense ratio.

Dividends

TLTI vs. AGGH - Dividend Comparison

TLTI's dividend yield for the trailing twelve months is around 6.31%, less than AGGH's 7.53% yield.

Position	TTM	2025	2024	2023	2022
AGGH Simplify Aggregate Bond ETF	7.53%	7.54%	8.97%	9.51%	2.11%
TLTI NEOS Enhanced Income 20+ Year Treasury Bond ETF	6.31%	6.33%	0.57%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TLTI and AGGH in my portfolio?

TLTI and AGGH have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TLTI or AGGH?

TLTI has higher volatility (2.80%) compared to AGGH (1.54%). In terms of maximum drawdown, TLTI dropped -8.70% vs AGGH's -13.26%.

Which ETF is better, TLTI or AGGH?

On 1-year performance, AGGH leads with 9.06% vs 6.68% for TLTI. On fees, AGGH is cheaper at 0.33% per year. On volatility, AGGH has been the lower-risk option at 1.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TLTI or AGGH?

Over the 1-year period, AGGH has performed better with a 9.06% return vs 6.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TLTI or AGGH?

AGGH is cheaper with a 0.33% expense ratio, compared with 0.58% for TLTI.

Which ETF pays a higher dividend yield, TLTI or AGGH?

AGGH has the higher dividend yield at 7.53%, compared with 6.31% for TLTI.

What is the main difference between TLTI and AGGH?

TLTI is categorized as Derivative Income, while AGGH is Intermediate Core Bond. They also come from different issuers: NEOS Investments and Simplify. Their fees differ too: 0.58% for TLTI and 0.33% for AGGH.

Which has better risk-adjusted returns?

AGGH currently has the higher Sharpe Ratio (1.28 vs 0.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.