TLTW vs. ACYS
TLTW (iShares 20+ Year Treasury Bond BuyWrite Strategy ETF) and ACYS (FT Vest Laddered Autocallable Barrier & Resilient Income ETF) are both Derivative Income funds. TLTW is passively managed, while ACYS is actively managed. Their 0.25 correlation means their historical movements had little consistent relationship. TLTW charges 0.35%/yr vs 0.75%/yr for ACYS.
Performance
TLTW vs. ACYS - Performance Comparison
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Returns By Period
TLTW
- 1D
- 0.38%
- 1M
- -3.24%
- 6M
- -1.22%
- YTD
- -1.13%
- 1Y
- 3.52%
- 3Y*
- 1.02%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.93%
ACYS
- 1D
- 0.27%
- 1M
- 0.62%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.16M | $7.21M | $6.15M | |
| $25.95M | $26.72M | $32.40M |
TLTW vs. ACYS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | -3.10% |
ACYS FT Vest Laddered Autocallable Barrier & Resilient Income ETF | 2.63% |
Correlation
The correlation between TLTW and ACYS is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 23, 2026 | 0.25 |
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Return for Risk
TLTW vs. ACYS — Risk / Return Rank
TLTW
ACYS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TLTW vs. ACYS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) and FT Vest Laddered Autocallable Barrier & Resilient Income ETF (ACYS). 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.
| TLTW | ACYS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.08 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | — | — |
| Martin ratioReturn relative to average drawdown | 1.47 | — | — |
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Drawdowns
TLTW vs. ACYS - Drawdown Comparison
The maximum TLTW drawdown since its inception was -18.61%, which is greater than ACYS's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for TLTW and ACYS.
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Drawdown Indicators
| TLTW | ACYS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.61% | -0.78% | -17.83% |
Max Drawdown (1Y)Largest decline over 1 year | -5.97% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | — | — |
Current DrawdownCurrent decline from peak | -5.44% | 0.00% | -5.44% |
Average DrawdownAverage peak-to-trough decline | -8.03% | -0.16% | -7.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | — | — |
Volatility
TLTW vs. ACYS - Volatility Comparison
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Volatility by Period
| TLTW | ACYS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.92% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.71% | 3.76% | +3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.26% | 3.76% | +7.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.26% | 3.76% | +7.50% |
TLTW vs. ACYS - Expense Ratio Comparison
TLTW has a 0.35% expense ratio, which is lower than ACYS's 0.75% expense ratio.
Dividends
TLTW vs. ACYS - Dividend Comparison
TLTW's dividend yield for the trailing twelve months is around 11.27%, more than ACYS's 1.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ACYS FT Vest Laddered Autocallable Barrier & Resilient Income ETF | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 11.27% | 14.82% | 14.47% | 19.59% | 8.71% |
Frequently Asked Questions
TLTW and ACYS have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TLTW is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TLTW is cheaper with a 0.35% expense ratio, compared with 0.75% for ACYS.
TLTW has the higher dividend yield at 11.27%, compared with 1.27% for ACYS.
They also come from different issuers: iShares and First Trust. Their fees differ too: 0.35% for TLTW and 0.75% for ACYS.
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