TLTX vs. IBTJ
TLTX (Global X Treasury Bond Enhanced Income ETF) and IBTJ (iShares iBonds Dec 2029 Term Treasury ETF) are both Government Bonds funds. TLTX is actively managed, while IBTJ is passively managed. At a 0.42 correlation, their price movements are largely independent. TLTX charges 0.29%/yr vs 0.07%/yr for IBTJ.
Performance
TLTX vs. IBTJ - Performance Comparison
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Returns By Period
In the year-to-date period, TLTX achieves a 1.95% return, which is significantly higher than IBTJ's 0.13% return.
TLTX
- 1D
- 0.82%
- 1M
- 2.89%
- YTD
- 1.95%
- 6M
- 1.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBTJ
- 1D
- 0.19%
- 1M
- 0.36%
- YTD
- 0.13%
- 6M
- 0.27%
- 1Y
- 2.76%
- 3Y*
- 3.72%
- 5Y*
- 0.00%
- 10Y*
- —
TLTX vs. IBTJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TLTX Global X Treasury Bond Enhanced Income ETF | 1.95% | 6.02% |
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 0.13% | 3.14% |
Correlation
The correlation between TLTX and IBTJ is 0.42, 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 16, 2025 | 0.42 |
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Return for Risk
TLTX vs. IBTJ — Risk / Return Rank
TLTX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBTJ
TLTX vs. IBTJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Treasury Bond Enhanced Income ETF (TLTX) and iShares iBonds Dec 2029 Term Treasury ETF (IBTJ). 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 | IBTJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.71 | — |
| Martin ratioReturn relative to average drawdown | — | 4.43 | — |
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Drawdowns
TLTX vs. IBTJ - Drawdown Comparison
The maximum TLTX drawdown since its inception was -6.35%, smaller than the maximum IBTJ drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for TLTX and IBTJ.
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Drawdown Indicators
| TLTX | IBTJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.35% | -20.19% | +13.84% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.62% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.43% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.21% | — |
Current DrawdownCurrent decline from peak | -1.82% | -6.09% | +4.27% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -9.69% | +7.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.62% | — |
Volatility
TLTX vs. IBTJ - Volatility Comparison
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Volatility by Period
| TLTX | IBTJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.65% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.28% | 2.40% | +6.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.28% | 5.72% | +3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.28% | 5.97% | +3.31% |
TLTX vs. IBTJ - Expense Ratio Comparison
TLTX has a 0.29% expense ratio, which is higher than IBTJ's 0.07% expense ratio.
Dividends
TLTX vs. IBTJ - Dividend Comparison
TLTX's dividend yield for the trailing twelve months is around 17.11%, more than IBTJ's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 3.80% | 3.78% | 3.95% | 3.48% | 1.86% | 0.74% | 0.61% |
TLTX Global X Treasury Bond Enhanced Income ETF | 17.11% | 7.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TLTX and IBTJ have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTJ is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTJ is cheaper with a 0.07% expense ratio, compared with 0.29% for TLTX.
TLTX has the higher dividend yield at 17.11%, compared with 3.80% for IBTJ.
They also come from different issuers: Global X and iShares. Their fees differ too: 0.29% for TLTX and 0.07% for IBTJ.
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