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 0.17 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 1.95% return, which is significantly higher than SIL's -9.52% return.
TLTX
- 1D
- 0.82%
- 1M
- 2.89%
- YTD
- 1.95%
- 6M
- 1.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SIL
- 1D
- -3.77%
- 1M
- -14.23%
- YTD
- -9.52%
- 6M
- -12.87%
- 1Y
- 62.10%
- 3Y*
- 45.49%
- 5Y*
- 13.12%
- 10Y*
- 8.22%
TLTX vs. SIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TLTX Global X Treasury Bond Enhanced Income ETF | 1.95% | 6.02% |
SIL Global X Silver Miners ETF | -9.52% | 69.89% |
Correlation
The correlation between TLTX and SIL is 0.17, 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 | 0.17 |
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Return for Risk
TLTX vs. SIL — Risk / Return Rank
TLTX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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 | SIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.68 | — |
| Martin ratioReturn relative to average drawdown | — | 4.22 | — |
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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 | — | -37.08% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.04% | — |
Current DrawdownCurrent decline from peak | -1.82% | -35.97% | +34.15% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -51.37% | +49.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 14.75% | — |
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 | — | 19.73% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 44.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.28% | 52.74% | -43.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.28% | 39.88% | -30.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.28% | 39.91% | -30.63% |
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 17.11%, more than SIL's 1.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIL Global X Silver Miners ETF | 1.31% | 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 | 17.11% | 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 0.17, 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 17.11%, compared with 1.31% 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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