TLTP vs. XONE

Last updated Jun 25, 2026

TLTP (Amplify Bloomberg U.S. Treasury Target High Income ETF) and XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) are both Government Bonds funds - TLTP tracks the Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index while XONE tracks the Bloomberg US Treasury 1 Year Target Duration Index. Both are passively managed. Over the past year, TLTP returned 5.69% vs 3.62% for XONE. At a 0.43 correlation, their price movements are largely independent. TLTP charges 0.38%/yr vs 0.03%/yr for XONE.

Performance

TLTP vs. XONE - 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 BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLTP achieves a 2.20% return, which is significantly higher than XONE's 1.24% return.

TLTP

• 1D: 0.95%
• 1M: 3.02%
• YTD: 2.20%
• 6M: 1.85%
• 1Y: 5.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XONE

• 1D: 0.08%
• 1M: 0.21%
• YTD: 1.24%
• 6M: 1.33%
• 1Y: 3.62%
• 3Y*: 4.54%
• 5Y*: —
• 10Y*: —

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

TLTP vs. XONE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TLTP Amplify Bloomberg U.S. Treasury Target High Income ETF	2.20%	5.39%	-3.31%
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF	1.24%	4.41%	0.80%

Correlation

The correlation between TLTP and XONE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.43

Return for Risk

TLTP vs. XONE — Risk / Return Rank

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

TLTP

TLTP Risk / Return Rank: 22
TLTP Sharpe Ratio Rank: 24
TLTP Sortino Ratio Rank: 22
TLTP Omega Ratio Rank: 21
TLTP Calmar Ratio Rank: 23
TLTP Martin Ratio Rank: 23

XONE

XONE Risk / Return Rank: 99
XONE Sharpe Ratio Rank: 99
XONE Sortino Ratio Rank: 99
XONE Omega Ratio Rank: 99
XONE Calmar Ratio Rank: 99
XONE Martin Ratio Rank: 99

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. XONE - 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 BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE). 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	XONE	Difference
Sharpe ratio: Return per unit of total volatility	0.77	6.49	-5.72
Sortino ratio: Return per unit of downside risk	1.13	13.86	-12.73
Omega ratio: Gain probability vs. loss probability	1.14	3.21	-2.07
Calmar ratio: Return relative to maximum drawdown	0.99	22.71	-21.72
Martin ratio: Return relative to average drawdown	2.58	118.48	-115.90

TLTP vs. XONE - Sharpe Ratio Comparison

The current TLTP Sharpe Ratio is 0.77, which is lower than the XONE Sharpe Ratio of 6.49. The chart below compares the historical Sharpe Ratios of TLTP and XONE, 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. XONE - Drawdown Comparison

The maximum TLTP drawdown since its inception was -8.54%, which is greater than XONE's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for TLTP and XONE.

Drawdown Indicators

	TLTP	XONE	Difference
Max Drawdown Largest peak-to-trough decline	-8.54%	-0.40%	-8.14%
Max Drawdown (1Y) Largest decline over 1 year	-5.76%	-0.16%	-5.60%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.28%	—
Current Drawdown Current decline from peak	-1.27%	-0.02%	-1.25%
Average Drawdown Average peak-to-trough decline	-3.23%	-0.05%	-3.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	0.03%	+2.18%

Volatility

TLTP vs. XONE - Volatility Comparison

Amplify Bloomberg U.S. Treasury Target High Income ETF (TLTP) has a higher volatility of 1.81% compared to BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) at 0.19%. This indicates that TLTP's price experiences larger fluctuations and is considered to be riskier than XONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLTP	XONE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.81%	0.19%	+1.62%
Volatility (6M) Calculated over the trailing 6-month period	5.20%	0.38%	+4.82%
Volatility (1Y) Calculated over the trailing 1-year period	7.41%	0.56%	+6.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.77%	0.86%	+8.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.77%	0.86%	+8.91%

TLTP vs. XONE - Expense Ratio Comparison

TLTP has a 0.38% expense ratio, which is higher than XONE's 0.03% expense ratio.

Dividends

TLTP vs. XONE - Dividend Comparison

TLTP's dividend yield for the trailing twelve months is around 12.91%, more than XONE's 4.05% yield.

Position	TTM	2025	2024	2023	2022
TLTP Amplify Bloomberg U.S. Treasury Target High Income ETF	12.91%	12.53%	2.08%	0.00%	0.00%
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF	4.05%	4.33%	5.21%	4.46%	1.17%

Frequently Asked Questions

Can I hold both TLTP and XONE in my portfolio?

TLTP and XONE have a correlation of 0.45, 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 XONE?

TLTP has higher volatility (1.81%) compared to XONE (0.19%). In terms of maximum drawdown, TLTP dropped -8.54% vs XONE's -0.40%.

Which ETF is better, TLTP or XONE?

On 1-year performance, TLTP leads with 5.69% vs 3.62% for XONE. On fees, XONE is cheaper at 0.03% per year. On volatility, XONE has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TLTP or XONE?

Over the 1-year period, TLTP has performed better with a 5.69% return vs 3.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TLTP or XONE?

XONE is cheaper with a 0.03% expense ratio, compared with 0.38% for TLTP.

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

TLTP has the higher dividend yield at 12.91%, compared with 4.05% for XONE.

What is the main difference between TLTP and XONE?

TLTP tracks Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index, while XONE tracks Bloomberg US Treasury 1 Year Target Duration Index. They also come from different issuers: Amplify and BondBloxx. Their fees differ too: 0.38% for TLTP and 0.03% for XONE.

Which has better risk-adjusted returns?

XONE currently has the higher Sharpe Ratio (6.49 vs 0.77), 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.