TLTX vs. HYTI

Last updated Jun 5, 2026

TLTX (Global X Treasury Bond Enhanced Income ETF) and HYTI (FT Vest High Yield & Target Income ETF) are both exchange-traded funds - TLTX is a Government Bonds fund actively managed by Global X, while HYTI is a Derivative Income fund actively managed by FT Vest. Both are actively managed. At a 0.24 correlation, their price movements are largely independent. TLTX charges 0.29%/yr vs 0.65%/yr for HYTI.

Performance

TLTX vs. HYTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Treasury Bond Enhanced Income ETF (TLTX) and FT Vest High Yield & Target Income ETF (HYTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLTX achieves a 0.25% return, which is significantly lower than HYTI's 1.90% return.

TLTX

• 1D: 0.61%
• 1M: 0.23%
• YTD: 0.25%
• 6M: -0.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYTI

• 1D: 0.05%
• 1M: 0.37%
• YTD: 1.90%
• 6M: 2.34%
• 1Y: 6.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TLTX vs. HYTI - Yearly Performance Comparison

	2026 (YTD)	2025
TLTX Global X Treasury Bond Enhanced Income ETF	0.25%	5.40%
HYTI FT Vest High Yield & Target Income ETF	1.90%	3.95%

Correlation

The correlation between TLTX and HYTI is 0.24, 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 Jul 17, 2025	0.24

Return for Risk

TLTX vs. HYTI — Risk / Return Rank

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

HYTI

HYTI Risk / Return Rank: 60
HYTI Sharpe Ratio Rank: 55
HYTI Sortino Ratio Rank: 59
HYTI Omega Ratio Rank: 59
HYTI Calmar Ratio Rank: 60
HYTI Martin Ratio Rank: 68

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. HYTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Treasury Bond Enhanced Income ETF (TLTX) and FT Vest High Yield & Target Income ETF (HYTI). 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	HYTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	1.33	-0.62

Drawdowns

TLTX vs. HYTI - Drawdown Comparison

The maximum TLTX drawdown since its inception was -6.35%, which is greater than HYTI's maximum drawdown of -4.47%. Use the drawdown chart below to compare losses from any high point for TLTX and HYTI.

Drawdown Indicators

	TLTX	HYTI	Difference
Max Drawdown Largest peak-to-trough decline	-6.35%	-4.47%	-1.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.38%	—
Current Drawdown Current decline from peak	-3.46%	0.00%	-3.46%
Average Drawdown Average peak-to-trough decline	-2.27%	-0.46%	-1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.56%	—

Volatility

Volatility by Period

	TLTX	HYTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.14%	3.82%	+5.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.14%	5.21%	+3.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.14%	5.21%	+3.93%

TLTX vs. HYTI - Expense Ratio Comparison

TLTX has a 0.29% expense ratio, which is lower than HYTI's 0.65% expense ratio.

Dividends

TLTX vs. HYTI - Dividend Comparison

TLTX's dividend yield for the trailing twelve months is around 15.70%, more than HYTI's 10.39% yield.

Position	TTM	2025
HYTI FT Vest High Yield & Target Income ETF	10.39%	8.10%
TLTX Global X Treasury Bond Enhanced Income ETF	15.70%	7.54%

Frequently Asked Questions

Can I hold both TLTX and HYTI in my portfolio?

TLTX and HYTI have a correlation of 0.24, 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 HYTI?

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 HYTI?

TLTX is cheaper with a 0.29% expense ratio, compared with 0.65% for HYTI.

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

TLTX has the higher dividend yield at 15.70%, compared with 10.39% for HYTI.

What is the main difference between TLTX and HYTI?

TLTX is categorized as Government Bonds, while HYTI is Derivative Income. They also come from different issuers: Global X and FT Vest. Their fees differ too: 0.29% for TLTX and 0.65% for HYTI.