TLTP vs. IBTE

Last updated Jun 4, 2026

TLTP (Amplify Bloomberg U.S. Treasury Target High Income ETF) and IBTE (iShares iBonds Dec 2024 Term Treasury ETF) are both Government Bonds funds - TLTP tracks the Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index while IBTE tracks the ICE 2024 Maturity US Treasury Index. Both are passively managed. TLTP charges 0.38%/yr vs 0.07%/yr for IBTE.

Performance

TLTP vs. IBTE - 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 iShares iBonds Dec 2024 Term Treasury ETF (IBTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TLTP

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

IBTE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TLTP vs. IBTE - Yearly Performance Comparison

	2026 (YTD)
TLTP Amplify Bloomberg U.S. Treasury Target High Income ETF	-0.96%
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%

Return for Risk

TLTP vs. IBTE — 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. IBTE - 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 iBonds Dec 2024 Term Treasury ETF (IBTE). 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	IBTE	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	IBTE	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	—	—

Drawdowns

TLTP vs. IBTE - Drawdown Comparison

The maximum TLTP drawdown since its inception was -8.54%, which is greater than IBTE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for TLTP and IBTE.

Drawdown Indicators

	TLTP	IBTE	Difference
Max Drawdown Largest peak-to-trough decline	-8.54%	0.00%	-8.54%
Max Drawdown (1Y) Largest decline over 1 year	-5.76%	—	—
Current Drawdown Current decline from peak	-3.18%	0.00%	-3.18%
Average Drawdown Average peak-to-trough decline	-3.26%	0.00%	-3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	—	—

Volatility

Volatility by Period

	TLTP	IBTE	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%	0.00%	+7.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.84%	0.00%	+9.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.84%	0.00%	+9.84%

TLTP vs. IBTE - Expense Ratio Comparison

TLTP has a 0.38% expense ratio, which is higher than IBTE's 0.07% expense ratio.

Dividends

TLTP vs. IBTE - Dividend Comparison

TLTP's dividend yield for the trailing twelve months is around 13.16%, while IBTE has not paid dividends to shareholders.

Position	TTM	2025	2024
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%	0.00%	0.00%
TLTP Amplify Bloomberg U.S. Treasury Target High Income ETF	13.16%	12.53%	2.08%

Frequently Asked Questions

Which ETF is better, TLTP or IBTE?

On fees, IBTE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TLTP or IBTE?

IBTE is cheaper with a 0.07% expense ratio, compared with 0.38% for TLTP.

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

TLTP has the higher dividend yield at 13.16%, compared with 0.00% for IBTE.

What is the main difference between TLTP and IBTE?

TLTP tracks Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index, while IBTE tracks ICE 2024 Maturity US Treasury Index. They also come from different issuers: Amplify and iShares. Their fees differ too: 0.38% for TLTP and 0.07% for IBTE.