TLTP vs. TSLW

Last updated Jun 23, 2026

TLTP (Amplify Bloomberg U.S. Treasury Target High Income ETF) and TSLW (Roundhill TSLA 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 TSLW is a Derivative Income fund actively managed by Roundhill. TLTP is passively managed, while TSLW is actively managed. Over the past year, TLTP returned 5.64% vs 23.98% for TSLW. At a 0.03 correlation, their price movements are largely independent. TLTP charges 0.38%/yr vs 0.99%/yr for TSLW.

Performance

TLTP vs. TSLW - 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 TSLA WeeklyPay™ ETF (TSLW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLTP achieves a 0.90% return, which is significantly higher than TSLW's -14.13% return.

TLTP

• 1D: -0.58%
• 1M: 1.71%
• YTD: 0.90%
• 6M: 1.04%
• 1Y: 5.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLW

• 1D: 1.45%
• 1M: -6.19%
• YTD: -14.13%
• 6M: -22.33%
• 1Y: 23.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TLTP vs. TSLW - Yearly Performance Comparison

	2026 (YTD)	2025
TLTP Amplify Bloomberg U.S. Treasury Target High Income ETF	0.90%	5.76%
TSLW Roundhill TSLA WeeklyPay™ ETF	-14.13%	35.28%

Correlation

The correlation between TLTP and TSLW is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.03

Return for Risk

TLTP vs. TSLW — Risk / Return Rank

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

TLTP

TLTP Risk / Return Rank: 21
TLTP Sharpe Ratio Rank: 22
TLTP Sortino Ratio Rank: 21
TLTP Omega Ratio Rank: 20
TLTP Calmar Ratio Rank: 22
TLTP Martin Ratio Rank: 22

TSLW

TSLW Risk / Return Rank: 16
TSLW Sharpe Ratio Rank: 15
TSLW Sortino Ratio Rank: 18
TSLW Omega Ratio Rank: 17
TSLW Calmar Ratio Rank: 17
TSLW Martin Ratio Rank: 15

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. TSLW - 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 TSLA WeeklyPay™ ETF (TSLW). 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	TSLW	Difference
Sharpe ratio: Return per unit of total volatility	0.77	0.45	+0.31
Sortino ratio: Return per unit of downside risk	1.13	0.99	+0.14
Omega ratio: Gain probability vs. loss probability	1.14	1.11	+0.02
Calmar ratio: Return relative to maximum drawdown	0.98	0.67	+0.31
Martin ratio: Return relative to average drawdown	2.56	1.46	+1.10

TLTP vs. TSLW - Sharpe Ratio Comparison

The current TLTP Sharpe Ratio is 0.77, which is higher than the TSLW Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of TLTP and TSLW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TLTP vs. TSLW - Drawdown Comparison

The maximum TLTP drawdown since its inception was -8.54%, smaller than the maximum TSLW drawdown of -35.80%. Use the drawdown chart below to compare losses from any high point for TLTP and TSLW.

Drawdown Indicators

	TLTP	TSLW	Difference
Max Drawdown Largest peak-to-trough decline	-8.54%	-35.80%	+27.26%
Max Drawdown (1Y) Largest decline over 1 year	-5.76%	-35.80%	+30.04%
Current Drawdown Current decline from peak	-2.52%	-22.62%	+20.10%
Average Drawdown Average peak-to-trough decline	-3.24%	-13.30%	+10.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	16.42%	-14.21%

Volatility

TLTP vs. TSLW - Volatility Comparison

The current volatility for Amplify Bloomberg U.S. Treasury Target High Income ETF (TLTP) is 1.66%, while Roundhill TSLA WeeklyPay™ ETF (TSLW) has a volatility of 15.64%. This indicates that TLTP experiences smaller price fluctuations and is considered to be less risky than TSLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLTP	TSLW	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	15.64%	-13.98%
Volatility (6M) Calculated over the trailing 6-month period	5.14%	33.62%	-28.48%
Volatility (1Y) Calculated over the trailing 1-year period	7.39%	53.11%	-45.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.76%	55.70%	-45.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.76%	55.70%	-45.94%

TLTP vs. TSLW - Expense Ratio Comparison

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

Dividends

TLTP vs. TSLW - Dividend Comparison

TLTP's dividend yield for the trailing twelve months is around 13.07%, less than TSLW's 91.65% yield.

Position	TTM	2025	2024
TLTP Amplify Bloomberg U.S. Treasury Target High Income ETF	13.07%	12.53%	2.08%
TSLW Roundhill TSLA WeeklyPay™ ETF	91.65%	49.31%	0.00%

Frequently Asked Questions

Can I hold both TLTP and TSLW in my portfolio?

TLTP and TSLW have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TLTP or TSLW?

TSLW has higher volatility (15.64%) compared to TLTP (1.66%). In terms of maximum drawdown, TLTP dropped -8.54% vs TSLW's -35.80%.

Which ETF is better, TLTP or TSLW?

On 1-year performance, TSLW leads with 23.98% vs 5.64% for TLTP. On fees, TLTP is cheaper at 0.38% per year. On volatility, TLTP has been the lower-risk option at 1.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TLTP or TSLW?

Over the 1-year period, TSLW has performed better with a 23.98% return vs 5.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TLTP or TSLW?

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

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

TSLW has the higher dividend yield at 91.65%, compared with 13.07% for TLTP.

What is the main difference between TLTP and TSLW?

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

Which has better risk-adjusted returns?

TLTP currently has the higher Sharpe Ratio (0.77 vs 0.45), 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.