TLTP vs. VGLT
TLTP (Amplify Bloomberg U.S. Treasury Target High Income ETF) and VGLT (Vanguard Long-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 VGLT tracks the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past year, TLTP returned 0.30% vs -0.89% for VGLT. Their 0.95 correlation means they have historically moved very closely together. TLTP charges 0.38%/yr vs 0.03%/yr for VGLT.
Performance
TLTP vs. VGLT - Performance Comparison
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Returns By Period
In the year-to-date period, TLTP achieves a -1.56% return, which is significantly higher than VGLT's -1.98% return.
TLTP
- 1D
- 0.20%
- 1M
- -2.08%
- 6M
- -1.92%
- YTD
- -1.56%
- 1Y
- 0.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.18%
VGLT
- 1D
- 0.17%
- 1M
- -2.13%
- 6M
- -1.56%
- YTD
- -1.98%
- 1Y
- -0.89%
- 3Y*
- 0.27%
- 5Y*
- -6.65%
- 10Y*
- -1.63%
- ALL TIME*
- 2.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.01M | $673.94K | $652.53K | |
| $107.06M | $103.64M | $108.85M |
TLTP vs. VGLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TLTP Amplify Bloomberg U.S. Treasury Target High Income ETF | -1.56% | 5.39% | -3.31% |
VGLT Vanguard Long-Term Treasury ETF | -1.98% | 5.35% | -3.27% |
Correlation
The correlation between TLTP and VGLT is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.95 |
The correlation between TLTP and VGLT has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.
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Return for Risk
TLTP vs. VGLT — Risk / Return Rank
TLTP
VGLT
TLTP vs. VGLT - 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 Long-Term Treasury ETF (VGLT). 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 | VGLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.99 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | -0.13 | +0.18 |
| Martin ratioReturn relative to average drawdown | 0.12 | -0.27 | +0.39 |
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Drawdowns
TLTP vs. VGLT - Drawdown Comparison
The maximum TLTP drawdown since its inception was -8.54%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for TLTP and VGLT.
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Drawdown Indicators
| TLTP | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.54% | -46.18% | +37.64% |
Max Drawdown (1Y)Largest decline over 1 year | -5.76% | -7.03% | +1.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.18% | — |
Current DrawdownCurrent decline from peak | -4.90% | -37.83% | +32.93% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -15.28% | +12.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 3.26% | -0.71% |
Volatility
TLTP vs. VGLT - Volatility Comparison
The current volatility for Amplify Bloomberg U.S. Treasury Target High Income ETF (TLTP) is 1.92%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 2.32%. This indicates that TLTP experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLTP | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 2.32% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 5.38% | 6.36% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.16% | 8.41% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.62% | 14.46% | -4.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.62% | 13.74% | -4.12% |
TLTP vs. VGLT - Expense Ratio Comparison
TLTP has a 0.38% expense ratio, which is higher than VGLT's 0.03% expense ratio.
Dividends
TLTP vs. VGLT - Dividend Comparison
TLTP's dividend yield for the trailing twelve months is around 13.70%, more than VGLT's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLTP Amplify Bloomberg U.S. Treasury Target High Income ETF | 13.70% | 12.53% | 2.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGLT Vanguard Long-Term Treasury ETF | 4.74% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Frequently Asked Questions
With a correlation of 0.95, TLTP and VGLT 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.
VGLT has higher volatility (2.32%) compared to TLTP (1.92%). In terms of maximum drawdown, TLTP dropped -8.54% vs VGLT's -46.18%.
On 1-year performance, TLTP leads with 0.30% vs -0.89% for VGLT. On fees, VGLT is cheaper at 0.03% per year. On volatility, TLTP has been the lower-risk option at 1.92%. 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 -0.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGLT is cheaper with a 0.03% expense ratio, compared with 0.38% for TLTP.
TLTP has the higher dividend yield at 13.70%, compared with 4.74% for VGLT.
TLTP tracks Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index, while VGLT tracks Bloomberg U.S. Long Treasury Index. They also come from different issuers: Amplify and Vanguard. Their fees differ too: 0.38% for TLTP and 0.03% for VGLT.
TLTP currently has the higher Sharpe Ratio (0.04 vs -0.11), 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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