TLTP vs. GLDW

Last updated Jun 4, 2026

TLTP (Amplify Bloomberg U.S. Treasury Target High Income ETF) and GLDW (Roundhill Gold WeeklyPay 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 GLDW is a Derivative Income fund actively managed by State Street. TLTP is passively managed, while GLDW is actively managed. At a 0.14 correlation, their price movements are largely independent. TLTP charges 0.38%/yr vs 0.99%/yr for GLDW.

Performance

TLTP vs. GLDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Bloomberg U.S. Treasury Target High Income ETF (TLTP) and Roundhill Gold WeeklyPay ETF (GLDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLTP achieves a 0.22% return, which is significantly lower than GLDW's 1.00% return.

TLTP

• 1D: -0.27%
• 1M: 0.71%
• YTD: 0.22%
• 6M: -0.63%
• 1Y: 6.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDW

• 1D: -1.20%
• 1M: -2.48%
• YTD: 1.00%
• 6M: 3.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TLTP vs. GLDW - Yearly Performance Comparison

	2026 (YTD)	2025
TLTP Amplify Bloomberg U.S. Treasury Target High Income ETF	0.22%	-1.38%
GLDW Roundhill Gold WeeklyPay ETF	1.00%	7.63%

Correlation

The correlation between TLTP and GLDW is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 31, 2025	0.14

Return for Risk

TLTP vs. GLDW — Risk / Return Rank

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

TLTP

TLTP Risk / Return Rank: 24
TLTP Sharpe Ratio Rank: 25
TLTP Sortino Ratio Rank: 24
TLTP Omega Ratio Rank: 23
TLTP Calmar Ratio Rank: 25
TLTP Martin Ratio Rank: 24

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.

TLTP vs. GLDW - 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 Roundhill Gold WeeklyPay ETF (GLDW). 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	GLDW	Difference
Sharpe ratio: Return per unit of total volatility	0.89	—	—
Sortino ratio: Return per unit of downside risk	1.30	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.18	—	—
Martin ratio: Return relative to average drawdown	3.19	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TLTP	GLDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.42	-0.33

Drawdowns

TLTP vs. GLDW - Drawdown Comparison

The maximum TLTP drawdown since its inception was -8.54%, smaller than the maximum GLDW drawdown of -23.59%. Use the drawdown chart below to compare losses from any high point for TLTP and GLDW.

Drawdown Indicators

	TLTP	GLDW	Difference
Max Drawdown Largest peak-to-trough decline	-8.54%	-23.59%	+15.05%
Max Drawdown (1Y) Largest decline over 1 year	-5.76%	—	—
Current Drawdown Current decline from peak	-3.18%	-22.51%	+19.33%
Average Drawdown Average peak-to-trough decline	-3.26%	-8.93%	+5.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	—	—

Volatility

Volatility by Period

	TLTP	GLDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.40%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.62%	36.90%	-29.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.84%	36.90%	-27.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.84%	36.90%	-27.06%

TLTP vs. GLDW - Expense Ratio Comparison

TLTP has a 0.38% expense ratio, which is lower than GLDW's 0.99% expense ratio.

Dividends

TLTP vs. GLDW - Dividend Comparison

TLTP's dividend yield for the trailing twelve months is around 13.16%, less than GLDW's 19.48% yield.

Position	TTM	2025	2024
GLDW Roundhill Gold WeeklyPay ETF	19.48%	3.75%	0.00%
TLTP Amplify Bloomberg U.S. Treasury Target High Income ETF	13.16%	12.53%	2.08%

Frequently Asked Questions

Can I hold both TLTP and GLDW in my portfolio?

TLTP and GLDW have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TLTP or GLDW?

On fees, TLTP is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TLTP or GLDW?

TLTP is cheaper with a 0.38% expense ratio, compared with 0.99% for GLDW.

Which ETF pays a higher dividend yield, TLTP or GLDW?

GLDW has the higher dividend yield at 19.48%, compared with 13.16% for TLTP.

What is the main difference between TLTP and GLDW?

TLTP is categorized as Government Bonds, while GLDW is Derivative Income. They also come from different issuers: Amplify and State Street. Their fees differ too: 0.38% for TLTP and 0.99% for GLDW.