TLTX vs. DRKY

Last updated Jun 4, 2026

TLTX (Global X Treasury Bond Enhanced Income ETF) and DRKY (VistaShares Target 15 Druckenmiller Macro Distribution ETF) are both exchange-traded funds - TLTX is a Government Bonds fund actively managed by Global X, while DRKY is a Derivative Income fund actively managed by VistaShares. Both are actively managed. At a 0.22 correlation, their price movements are largely independent. TLTX charges 0.29%/yr vs 0.95%/yr for DRKY.

Performance

TLTX vs. DRKY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Treasury Bond Enhanced Income ETF (TLTX) and VistaShares Target 15 Druckenmiller Macro Distribution ETF (DRKY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLTX achieves a -0.36% return, which is significantly higher than DRKY's -1.44% return.

TLTX

• 1D: -0.37%
• 1M: -0.19%
• YTD: -0.36%
• 6M: -1.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRKY

• 1D: -0.88%
• 1M: -1.87%
• YTD: -1.44%
• 6M: -1.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TLTX vs. DRKY - Yearly Performance Comparison

	2026 (YTD)	2025
TLTX Global X Treasury Bond Enhanced Income ETF	-0.36%	-0.39%
DRKY VistaShares Target 15 Druckenmiller Macro Distribution ETF	-1.44%	11.61%

Correlation

The correlation between TLTX and DRKY is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025	0.22

Return for Risk

TLTX vs. DRKY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Treasury Bond Enhanced Income ETF (TLTX) and VistaShares Target 15 Druckenmiller Macro Distribution ETF (DRKY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TLTX	DRKY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.76	-0.13

Drawdowns

TLTX vs. DRKY - Drawdown Comparison

The maximum TLTX drawdown since its inception was -6.35%, smaller than the maximum DRKY drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for TLTX and DRKY.

Drawdown Indicators

	TLTX	DRKY	Difference
Max Drawdown Largest peak-to-trough decline	-6.35%	-15.68%	+9.33%
Current Drawdown Current decline from peak	-4.05%	-4.92%	+0.87%
Average Drawdown Average peak-to-trough decline	-2.27%	-4.50%	+2.23%

Volatility

Volatility by Period

	TLTX	DRKY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	9.14%	20.93%	-11.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.14%	20.93%	-11.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.14%	20.93%	-11.79%

TLTX vs. DRKY - Expense Ratio Comparison

TLTX has a 0.29% expense ratio, which is lower than DRKY's 0.95% expense ratio.

Dividends

TLTX vs. DRKY - Dividend Comparison

TLTX's dividend yield for the trailing twelve months is around 15.79%, more than DRKY's 10.33% yield.

Position	TTM	2025
DRKY VistaShares Target 15 Druckenmiller Macro Distribution ETF	10.33%	3.66%
TLTX Global X Treasury Bond Enhanced Income ETF	15.79%	7.54%

Frequently Asked Questions

Can I hold both TLTX and DRKY in my portfolio?

TLTX and DRKY have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TLTX or DRKY?

On fees, TLTX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TLTX or DRKY?

TLTX is cheaper with a 0.29% expense ratio, compared with 0.95% for DRKY.

Which ETF pays a higher dividend yield, TLTX or DRKY?

TLTX has the higher dividend yield at 15.79%, compared with 10.33% for DRKY.

What is the main difference between TLTX and DRKY?

TLTX is categorized as Government Bonds, while DRKY is Derivative Income. They also come from different issuers: Global X and VistaShares. Their fees differ too: 0.29% for TLTX and 0.95% for DRKY.