TLTX vs. SIL
TLTX (Global X Treasury Bond Enhanced Income ETF) and SIL (Global X Silver Miners ETF) are both exchange-traded funds - TLTX is a Government Bonds fund actively managed by Global X, while SIL is a Silver fund tracking the Solactive Global Silver Miners Total Return Index. TLTX is actively managed, while SIL is passively managed. At a 0.16 correlation, their price movements are largely independent. TLTX charges 0.29%/yr vs 0.65%/yr for SIL.
Performance
TLTX vs. SIL - Performance Comparison
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Returns By Period
In the year-to-date period, TLTX achieves a 0.25% return, which is significantly lower than SIL's 5.99% return.
TLTX
- 1D
- 0.61%
- 1M
- 0.23%
- YTD
- 0.25%
- 6M
- -0.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SIL
- 1D
- 1.18%
- 1M
- 2.48%
- YTD
- 5.99%
- 6M
- 17.42%
- 1Y
- 90.97%
- 3Y*
- 49.60%
- 5Y*
- 14.23%
- 10Y*
- 10.72%
TLTX vs. SIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TLTX Global X Treasury Bond Enhanced Income ETF | 0.25% | 5.40% |
SIL Global X Silver Miners ETF | 5.99% | 71.72% |
Correlation
The correlation between TLTX and SIL is 0.16, 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 | 0.16 |
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Return for Risk
TLTX vs. SIL — Risk / Return Rank
TLTX
SIL
TLTX vs. SIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Treasury Bond Enhanced Income ETF (TLTX) and Global X Silver Miners ETF (SIL). 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.
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Sharpe Ratios by Period
| TLTX | SIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.83 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.36 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.14 | +0.57 |
Drawdowns
TLTX vs. SIL - Drawdown Comparison
The maximum TLTX drawdown since its inception was -6.35%, smaller than the maximum SIL drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for TLTX and SIL.
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Drawdown Indicators
| TLTX | SIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.35% | -82.99% | +76.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -32.91% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.04% | — |
Current DrawdownCurrent decline from peak | -3.46% | -25.00% | +21.54% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -51.44% | +49.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.91% | — |
Volatility
TLTX vs. SIL - Volatility Comparison
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Volatility by Period
| TLTX | SIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.68% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 41.56% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.14% | 50.02% | -40.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 39.21% | -30.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.14% | 39.60% | -30.46% |
TLTX vs. SIL - Expense Ratio Comparison
TLTX has a 0.29% expense ratio, which is lower than SIL's 0.65% expense ratio.
Dividends
TLTX vs. SIL - Dividend Comparison
TLTX's dividend yield for the trailing twelve months is around 15.70%, more than SIL's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIL Global X Silver Miners ETF | 1.12% | 1.18% | 2.40% | 0.59% | 0.48% | 1.59% | 1.92% | 1.53% | 1.21% | 0.02% | 3.34% | 0.38% |
TLTX Global X Treasury Bond Enhanced Income ETF | 15.70% | 7.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TLTX and SIL 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.
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.
TLTX is cheaper with a 0.29% expense ratio, compared with 0.65% for SIL.
TLTX has the higher dividend yield at 15.70%, compared with 1.12% for SIL.
TLTX is categorized as Government Bonds, while SIL is Silver. Their fees differ too: 0.29% for TLTX and 0.65% for SIL.
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