TLTX vs. FFUT

Last updated Jun 25, 2026

TLTX (Global X Treasury Bond Enhanced Income ETF) and FFUT (Fidelity Managed Futures ETF) are both exchange-traded funds - TLTX is a Government Bonds fund actively managed by Global X, while FFUT is a Systematic Trend fund actively managed by Fidelity. Both are actively managed. At a correlation of -0.16, they often move in opposite directions. TLTX charges 0.29%/yr vs 0.80%/yr for FFUT.

Performance

TLTX vs. FFUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Treasury Bond Enhanced Income ETF (TLTX) and Fidelity Managed Futures ETF (FFUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLTX achieves a 1.95% return, which is significantly lower than FFUT's 7.69% return.

TLTX

• 1D: 0.82%
• 1M: 2.89%
• YTD: 1.95%
• 6M: 1.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FFUT

• 1D: -1.06%
• 1M: -3.71%
• YTD: 7.69%
• 6M: 8.36%
• 1Y: 17.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TLTX vs. FFUT - Yearly Performance Comparison

	2026 (YTD)	2025
TLTX Global X Treasury Bond Enhanced Income ETF	1.95%	6.02%
FFUT Fidelity Managed Futures ETF	7.69%	7.80%

Correlation

The correlation between TLTX and FFUT is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	-0.16

Return for Risk

TLTX vs. FFUT — Risk / Return Rank

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

TLTX

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

FFUT

FFUT Risk / Return Rank: 60
FFUT Sharpe Ratio Rank: 50
FFUT Sortino Ratio Rank: 50
FFUT Omega Ratio Rank: 52
FFUT Calmar Ratio Rank: 72
FFUT Martin Ratio Rank: 77

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.

TLTX vs. FFUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Treasury Bond Enhanced Income ETF (TLTX) and Fidelity Managed Futures ETF (FFUT). 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.

	TLTX	FFUT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.55	—
Sortino ratio: Return per unit of downside risk	—	2.22	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	3.26	—
Martin ratio: Return relative to average drawdown	—	13.04	—

Drawdowns

TLTX vs. FFUT - Drawdown Comparison

The maximum TLTX drawdown since its inception was -6.35%, which is greater than FFUT's maximum drawdown of -5.34%. Use the drawdown chart below to compare losses from any high point for TLTX and FFUT.

Drawdown Indicators

	TLTX	FFUT	Difference
Max Drawdown Largest peak-to-trough decline	-6.35%	-5.34%	-1.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.34%	—
Current Drawdown Current decline from peak	-1.82%	-5.34%	+3.52%
Average Drawdown Average peak-to-trough decline	-2.29%	-0.97%	-1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.33%	—

Volatility

Volatility by Period

	TLTX	FFUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.28%	11.27%	-1.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.28%	11.05%	-1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.28%	11.05%	-1.77%

TLTX vs. FFUT - Expense Ratio Comparison

TLTX has a 0.29% expense ratio, which is lower than FFUT's 0.80% expense ratio.

Dividends

TLTX vs. FFUT - Dividend Comparison

TLTX's dividend yield for the trailing twelve months is around 17.11%, more than FFUT's 1.94% yield.

Position	TTM	2025
FFUT Fidelity Managed Futures ETF	1.94%	2.09%
TLTX Global X Treasury Bond Enhanced Income ETF	17.11%	7.54%

Frequently Asked Questions

Can I hold both TLTX and FFUT in my portfolio?

TLTX and FFUT have a correlation of -0.16, 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 FFUT?

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 FFUT?

TLTX is cheaper with a 0.29% expense ratio, compared with 0.80% for FFUT.

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

TLTX has the higher dividend yield at 17.11%, compared with 1.94% for FFUT.

What is the main difference between TLTX and FFUT?

TLTX is categorized as Government Bonds, while FFUT is Systematic Trend. They also come from different issuers: Global X and Fidelity. Their fees differ too: 0.29% for TLTX and 0.80% for FFUT.