TLTP vs. GGOV
TLTP (Amplify Bloomberg U.S. Treasury Target High Income ETF) and GGOV (iShares Global Government Bond USD Hedged Active 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 GGOV is a Global Bonds fund actively managed by iShares. TLTP is passively managed, while GGOV is actively managed. Over the past year, TLTP returned 0.30% vs -0.31% for GGOV. Their 0.57 correlation means they have sometimes moved together and sometimes differently. TLTP charges 0.38%/yr vs 0.39%/yr for GGOV.
Performance
TLTP vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, TLTP achieves a -1.56% return, which is significantly lower than GGOV's 2.79% return.
TLTP
- 1D
- 0.20%
- 1M
- -2.08%
- 6M
- -1.92%
- YTD
- -1.56%
- 1Y
- 0.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.18%
GGOV
- 1D
- -0.28%
- 1M
- 0.07%
- 6M
- 3.40%
- YTD
- 2.79%
- 1Y
- -0.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $53.93M | $62.66M | $80.75M | |
| $1.01M | $673.94K | $652.53K |
TLTP vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TLTP Amplify Bloomberg U.S. Treasury Target High Income ETF | -1.56% | 3.42% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.79% | -2.80% |
Correlation
The correlation between TLTP and GGOV is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.57 |
The correlation between TLTP and GGOV has been stable across timeframes, ranging from 0.57 to 0.57 - a consistent structural relationship.
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Return for Risk
TLTP vs. GGOV — Risk / Return Rank
TLTP
GGOV
TLTP vs. GGOV - 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 Global Government Bond USD Hedged Active ETF (GGOV). 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 | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.99 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | -0.07 | +0.12 |
| Martin ratioReturn relative to average drawdown | 0.12 | -0.14 | +0.26 |
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Drawdowns
TLTP vs. GGOV - Drawdown Comparison
The maximum TLTP drawdown since its inception was -8.54%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for TLTP and GGOV.
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Drawdown Indicators
| TLTP | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.54% | -4.69% | -3.85% |
Max Drawdown (1Y)Largest decline over 1 year | -5.76% | -4.69% | -1.07% |
Current DrawdownCurrent decline from peak | -4.90% | -1.02% | -3.88% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -1.53% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.15% | +0.40% |
Volatility
TLTP vs. GGOV - Volatility Comparison
Amplify Bloomberg U.S. Treasury Target High Income ETF (TLTP) has a higher volatility of 1.92% compared to iShares Global Government Bond USD Hedged Active ETF (GGOV) at 0.92%. This indicates that TLTP's price experiences larger fluctuations and is considered to be riskier than GGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLTP | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 0.92% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 5.38% | 3.60% | +1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.16% | 5.24% | +1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.62% | 5.09% | +4.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.62% | 5.09% | +4.53% |
TLTP vs. GGOV - Expense Ratio Comparison
TLTP has a 0.38% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
TLTP vs. GGOV - Dividend Comparison
TLTP's dividend yield for the trailing twelve months is around 13.70%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% | 0.00% |
TLTP Amplify Bloomberg U.S. Treasury Target High Income ETF | 13.70% | 12.53% | 2.08% |
Frequently Asked Questions
TLTP and GGOV have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLTP has higher volatility (1.92%) compared to GGOV (0.92%). In terms of maximum drawdown, TLTP dropped -8.54% vs GGOV's -4.69%.
On 1-year performance, TLTP leads with 0.30% vs -0.31% for GGOV. On fees, TLTP is cheaper at 0.38% per year. On volatility, GGOV has been the lower-risk option at 0.92%. 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 0.30% return vs -0.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLTP is cheaper with a 0.38% expense ratio, compared with 0.39% for GGOV.
TLTP has the higher dividend yield at 13.70%, compared with 0.00% for GGOV.
TLTP is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: Amplify and iShares. Their fees differ too: 0.38% for TLTP and 0.39% for GGOV.
TLTP currently has the higher Sharpe Ratio (0.04 vs -0.06), 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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