TLTP vs. AGG
TLTP (Amplify Bloomberg U.S. Treasury Target High Income ETF) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - TLTP is a Government Bonds fund tracking the Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past year, TLTP returned 6.77% vs 5.14% for AGG. Their correlation of 0.88 suggests significant overlap in exposure. TLTP charges 0.38%/yr vs 0.03%/yr for AGG.
Performance
TLTP vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, TLTP achieves a 0.22% return, which is significantly lower than AGG's 0.25% return.
TLTP
- 1D
- -0.27%
- 1M
- 0.71%
- YTD
- 0.22%
- 6M
- -0.63%
- 1Y
- 6.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AGG
- 1D
- -0.21%
- 1M
- 0.24%
- YTD
- 0.25%
- 6M
- 0.09%
- 1Y
- 5.14%
- 3Y*
- 3.95%
- 5Y*
- 0.10%
- 10Y*
- 1.57%
TLTP vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TLTP Amplify Bloomberg U.S. Treasury Target High Income ETF | 0.22% | 5.39% | -3.95% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.25% | 7.19% | -0.72% |
Correlation
The correlation between TLTP and AGG is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024 | 0.88 |
The correlation between TLTP and AGG has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.
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Return for Risk
TLTP vs. AGG — Risk / Return Rank
TLTP
AGG
TLTP vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Bloomberg U.S. Treasury Target High Income ETF (TLTP) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| TLTP | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.87 | -0.69 |
| Martin ratioReturn relative to average drawdown | 3.19 | 5.73 | -2.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TLTP | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.34 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.02 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.59 | -0.50 |
Drawdowns
TLTP vs. AGG - Drawdown Comparison
The maximum TLTP drawdown since its inception was -8.54%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for TLTP and AGG.
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Drawdown Indicators
| TLTP | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.54% | -18.43% | +9.89% |
Max Drawdown (1Y)Largest decline over 1 year | -5.76% | -2.76% | -3.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.11% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.43% | — |
Current DrawdownCurrent decline from peak | -3.18% | -2.14% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -2.71% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 0.90% | +1.22% |
Volatility
TLTP vs. AGG - Volatility Comparison
Amplify Bloomberg U.S. Treasury Target High Income ETF (TLTP) has a higher volatility of 2.40% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.30%. This indicates that TLTP's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLTP | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 1.30% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 5.10% | 2.74% | +2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.62% | 3.85% | +3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.84% | 6.09% | +3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.84% | 5.40% | +4.44% |
TLTP vs. AGG - Expense Ratio Comparison
TLTP has a 0.38% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
TLTP vs. AGG - Dividend Comparison
TLTP's dividend yield for the trailing twelve months is around 13.16%, more than AGG's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.99% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
TLTP Amplify Bloomberg U.S. Treasury Target High Income ETF | 13.16% | 12.53% | 2.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TLTP and AGG have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLTP has higher volatility (2.40%) compared to AGG (1.30%). In terms of maximum drawdown, TLTP dropped -8.54% vs AGG's -18.43%.
On 1-year performance, TLTP leads with 6.77% vs 5.14% for AGG. On fees, AGG is cheaper at 0.03% per year. On volatility, AGG has been the lower-risk option at 1.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TLTP has performed better with a 6.77% return vs 5.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGG is cheaper with a 0.03% expense ratio, compared with 0.38% for TLTP.
TLTP has the higher dividend yield at 13.16%, compared with 3.99% for AGG.
TLTP is categorized as Government Bonds, while AGG is Total Bond Market. TLTP tracks Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index, while AGG tracks Bloomberg U.S. Aggregate Bond Index. They also come from different issuers: Amplify and iShares. Their fees differ too: 0.38% for TLTP and 0.03% for AGG.
AGG currently has the higher Sharpe Ratio (1.34 vs 0.89), 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.
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