TLTX vs. VGIT

Last updated Jul 17, 2026

TLTX (Global X Treasury Bond Enhanced Income ETF) and VGIT (Vanguard Intermediate-Term Treasury ETF) are both Government Bonds funds. TLTX is actively managed, while VGIT is passively managed. Over the past year, TLTX returned 3.72% vs 3.03% for VGIT. A 0.51 correlation means they provide meaningful diversification when combined. TLTX charges 0.29%/yr vs 0.03%/yr for VGIT.

Performance

TLTX vs. VGIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Treasury Bond Enhanced Income ETF (TLTX) and Vanguard Intermediate-Term Treasury ETF (VGIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLTX achieves a -1.59% return, which is significantly lower than VGIT's -0.26% return.

TLTX

• 1D: -0.20%
• 1M: -3.45%
• 6M: -2.30%
• YTD: -1.59%
• 1Y: 3.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VGIT

• 1D: -0.03%
• 1M: -0.24%
• 6M: -0.26%
• YTD: -0.26%
• 1Y: 3.03%
• 3Y*: 3.56%
• 5Y*: -0.04%
• 10Y*: 1.17%

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

TLTX vs. VGIT - Yearly Performance Comparison

	2026 (YTD)	2025
TLTX Global X Treasury Bond Enhanced Income ETF	-1.59%	6.02%
VGIT Vanguard Intermediate-Term Treasury ETF	-0.26%	3.58%

Correlation

The correlation between TLTX and VGIT is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.51

The correlation between TLTX and VGIT has been stable across timeframes, ranging from 0.51 to 0.51 - a consistent structural relationship.

Return for Risk

TLTX vs. VGIT — Risk / Return Rank

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

TLTX

TLTX Risk / Return Rank: 16
TLTX Sharpe Ratio Rank: 17
TLTX Sortino Ratio Rank: 15
TLTX Omega Ratio Rank: 15
TLTX Calmar Ratio Rank: 18
TLTX Martin Ratio Rank: 17

VGIT

VGIT Risk / Return Rank: 28
VGIT Sharpe Ratio Rank: 30
VGIT Sortino Ratio Rank: 29
VGIT Omega Ratio Rank: 27
VGIT Calmar Ratio Rank: 26
VGIT Martin Ratio Rank: 25

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. VGIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Treasury Bond Enhanced Income ETF (TLTX) and Vanguard Intermediate-Term Treasury ETF (VGIT). 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	VGIT	Difference
Sharpe ratio: Return per unit of total volatility	0.40	0.91	-0.50
Sortino ratio: Return per unit of downside risk	0.64	1.37	-0.72
Omega ratio: Gain probability vs. loss probability	1.08	1.16	-0.08
Calmar ratio: Return relative to maximum drawdown	0.59	1.07	-0.49
Martin ratio: Return relative to average drawdown	1.32	2.69	-1.37

TLTX vs. VGIT - Sharpe Ratio Comparison

The current TLTX Sharpe Ratio is 0.40, which is lower than the VGIT Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of TLTX and VGIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TLTX vs. VGIT - Drawdown Comparison

The maximum TLTX drawdown since its inception was -6.35%, smaller than the maximum VGIT drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for TLTX and VGIT.

Drawdown Indicators

	TLTX	VGIT	Difference
Max Drawdown Largest peak-to-trough decline	-6.35%	-16.05%	+9.70%
Max Drawdown (1Y) Largest decline over 1 year	-6.35%	-2.83%	-3.52%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.02%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-16.05%	—
Current Drawdown Current decline from peak	-5.23%	-2.19%	-3.04%
Average Drawdown Average peak-to-trough decline	-2.38%	-3.51%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	1.13%	+1.70%

Volatility

TLTX vs. VGIT - Volatility Comparison

Global X Treasury Bond Enhanced Income ETF (TLTX) has a higher volatility of 2.87% compared to Vanguard Intermediate-Term Treasury ETF (VGIT) at 1.10%. This indicates that TLTX's price experiences larger fluctuations and is considered to be riskier than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLTX	VGIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	1.10%	+1.77%
Volatility (6M) Calculated over the trailing 6-month period	6.92%	2.57%	+4.35%
Volatility (1Y) Calculated over the trailing 1-year period	9.24%	3.37%	+5.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.24%	5.39%	+3.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.24%	4.49%	+4.75%

TLTX vs. VGIT - Expense Ratio Comparison

TLTX has a 0.29% expense ratio, which is higher than VGIT's 0.03% expense ratio.

Dividends

TLTX vs. VGIT - Dividend Comparison

TLTX's dividend yield for the trailing twelve months is around 17.73%, more than VGIT's 3.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TLTX Global X Treasury Bond Enhanced Income ETF	17.73%	7.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VGIT Vanguard Intermediate-Term Treasury ETF	3.87%	3.79%	3.67%	2.73%	1.74%	1.69%	2.23%	2.24%	2.05%	1.67%	1.69%	1.69%

Frequently Asked Questions

Can I hold both TLTX and VGIT in my portfolio?

TLTX and VGIT have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TLTX or VGIT?

TLTX has higher volatility (2.87%) compared to VGIT (1.10%). In terms of maximum drawdown, TLTX dropped -6.35% vs VGIT's -16.05%.

Which ETF is better, TLTX or VGIT?

On 1-year performance, TLTX leads with 3.72% vs 3.03% for VGIT. On fees, VGIT is cheaper at 0.03% per year. On volatility, VGIT has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TLTX or VGIT?

Over the 1-year period, TLTX has performed better with a 3.72% return vs 3.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TLTX or VGIT?

VGIT is cheaper with a 0.03% expense ratio, compared with 0.29% for TLTX.

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

TLTX has the higher dividend yield at 17.73%, compared with 3.87% for VGIT.

What is the main difference between TLTX and VGIT?

They also come from different issuers: Global X and Vanguard. Their fees differ too: 0.29% for TLTX and 0.03% for VGIT.

Which has better risk-adjusted returns?

VGIT currently has the higher Sharpe Ratio (0.91 vs 0.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.