TLTX vs. TFLO
TLTX (Global X Treasury Bond Enhanced Income ETF) and TFLO (iShares Treasury Floating Rate Bond ETF) are both Government Bonds funds. TLTX is actively managed, while TFLO is passively managed. At a correlation of -0.04, they often move in opposite directions. TLTX charges 0.29%/yr vs 0.15%/yr for TFLO.
Performance
TLTX vs. TFLO - 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 TFLO's 1.79% return.
TLTX
- 1D
- 0.82%
- 1M
- 2.89%
- YTD
- 1.95%
- 6M
- 1.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TFLO
- 1D
- -0.02%
- 1M
- 0.29%
- YTD
- 1.79%
- 6M
- 1.87%
- 1Y
- 3.93%
- 3Y*
- 4.72%
- 5Y*
- 3.68%
- 10Y*
- 2.38%
TLTX vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TLTX Global X Treasury Bond Enhanced Income ETF | 1.95% | 6.02% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.79% | 1.86% |
Correlation
The correlation between TLTX and TFLO is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025 | -0.04 |
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Return for Risk
TLTX vs. TFLO — Risk / Return Rank
TLTX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TFLO
TLTX vs. TFLO - 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 Treasury Floating Rate Bond ETF (TFLO). 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 | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 13.02 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 199.14 | — |
| Martin ratioReturn relative to average drawdown | — | 788.97 | — |
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Drawdowns
TLTX vs. TFLO - Drawdown Comparison
The maximum TLTX drawdown since its inception was -6.35%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for TLTX and TFLO.
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Drawdown Indicators
| TLTX | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.35% | -5.01% | -1.34% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.02% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.04% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.13% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.16% | — |
Current DrawdownCurrent decline from peak | -1.82% | -0.02% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -0.10% | -2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.00% | — |
Volatility
TLTX vs. TFLO - Volatility Comparison
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Volatility by Period
| TLTX | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.20% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.28% | 0.29% | +8.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.28% | 0.36% | +8.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.28% | 0.46% | +8.82% |
TLTX vs. TFLO - Expense Ratio Comparison
TLTX has a 0.29% expense ratio, which is higher than TFLO's 0.15% expense ratio.
Dividends
TLTX vs. TFLO - Dividend Comparison
TLTX's dividend yield for the trailing twelve months is around 17.11%, more than TFLO's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFLO iShares Treasury Floating Rate Bond ETF | 3.89% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
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 TFLO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TFLO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TFLO is cheaper with a 0.15% expense ratio, compared with 0.29% for TLTX.
TLTX has the higher dividend yield at 17.11%, compared with 3.89% for TFLO.
They also come from different issuers: Global X and iShares. Their fees differ too: 0.29% for TLTX and 0.15% for TFLO.
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