TLTP vs. EDV
TLTP (Amplify Bloomberg U.S. Treasury Target High Income ETF) and EDV (Vanguard Extended Duration Treasury ETF) are both Government Bonds funds - TLTP tracks the Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index while EDV tracks the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. Both are passively managed. Over the past year, TLTP returned 5.69% vs 4.82% for EDV. Their correlation of 0.95 suggests significant overlap in exposure. TLTP charges 0.38%/yr vs 0.05%/yr for EDV.
Performance
TLTP vs. EDV - Performance Comparison
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Returns By Period
In the year-to-date period, TLTP achieves a 2.20% return, which is significantly lower than EDV's 3.21% return.
TLTP
- 1D
- 0.95%
- 1M
- 3.02%
- YTD
- 2.20%
- 6M
- 1.85%
- 1Y
- 5.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EDV
- 1D
- 2.06%
- 1M
- 5.94%
- YTD
- 3.21%
- 6M
- 1.53%
- 1Y
- 4.82%
- 3Y*
- -4.65%
- 5Y*
- -9.68%
- 10Y*
- -3.23%
TLTP vs. EDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TLTP Amplify Bloomberg U.S. Treasury Target High Income ETF | 2.20% | 5.39% | -3.31% |
EDV Vanguard Extended Duration Treasury ETF | 3.21% | 0.65% | -5.32% |
Correlation
The correlation between TLTP and EDV is 0.94, 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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.95 |
The correlation between TLTP and EDV has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
TLTP vs. EDV — Risk / Return Rank
TLTP
EDV
TLTP vs. EDV - 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 Vanguard Extended Duration Treasury ETF (EDV). 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.
| TLTP | EDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.07 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 0.39 | +0.61 |
| Martin ratioReturn relative to average drawdown | 2.58 | 0.85 | +1.72 |
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Drawdowns
TLTP vs. EDV - Drawdown Comparison
The maximum TLTP drawdown since its inception was -8.54%, smaller than the maximum EDV drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for TLTP and EDV.
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Drawdown Indicators
| TLTP | EDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.54% | -59.96% | +51.42% |
Max Drawdown (1Y)Largest decline over 1 year | -5.76% | -12.54% | +6.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.96% | — |
Current DrawdownCurrent decline from peak | -1.27% | -52.64% | +51.37% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -23.52% | +20.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 5.65% | -3.44% |
Volatility
TLTP vs. EDV - Volatility Comparison
The current volatility for Amplify Bloomberg U.S. Treasury Target High Income ETF (TLTP) is 1.81%, while Vanguard Extended Duration Treasury ETF (EDV) has a volatility of 3.83%. This indicates that TLTP experiences smaller price fluctuations and is considered to be less risky than EDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLTP | EDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 3.83% | -2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 5.20% | 10.06% | -4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.41% | 14.40% | -6.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.77% | 21.59% | -11.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.77% | 19.80% | -10.03% |
TLTP vs. EDV - Expense Ratio Comparison
TLTP has a 0.38% expense ratio, which is higher than EDV's 0.05% expense ratio.
Dividends
TLTP vs. EDV - Dividend Comparison
TLTP's dividend yield for the trailing twelve months is around 12.91%, more than EDV's 4.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.80% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
TLTP Amplify Bloomberg U.S. Treasury Target High Income ETF | 12.91% | 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
With a correlation of 0.94, TLTP and EDV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EDV has higher volatility (3.83%) compared to TLTP (1.81%). In terms of maximum drawdown, TLTP dropped -8.54% vs EDV's -59.96%.
On 1-year performance, TLTP leads with 5.69% vs 4.82% for EDV. On fees, EDV is cheaper at 0.05% per year. On volatility, TLTP has been the lower-risk option at 1.81%. 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 5.69% return vs 4.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDV is cheaper with a 0.05% expense ratio, compared with 0.38% for TLTP.
TLTP has the higher dividend yield at 12.91%, compared with 4.80% for EDV.
TLTP tracks Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index, while EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. They also come from different issuers: Amplify and Vanguard. Their fees differ too: 0.38% for TLTP and 0.05% for EDV.
TLTP currently has the higher Sharpe Ratio (0.77 vs 0.34), 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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