TLTX vs. VGLT

Last updated Aug 1, 2026

TLTX (Global X Treasury Bond Enhanced Income ETF) and VGLT (Vanguard Long-Term Treasury ETF) are both Government Bonds funds. TLTX is actively managed, while VGLT is passively managed. Over the past year, TLTX returned -0.67% vs -1.67% for VGLT. Their 0.66 correlation means they have sometimes moved together and sometimes differently. TLTX charges 0.29%/yr vs 0.03%/yr for VGLT.

Performance

TLTX vs. VGLT - 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 Long-Term Treasury ETF (VGLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with TLTX having a -3.11% return and VGLT slightly lower at -3.26%.

TLTX

• 1D: -1.91%
• 1M: -3.51%
• 6M: -2.90%
• YTD: -3.11%
• 1Y: -0.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.62%

VGLT

• 1D: -0.62%
• 1M: -3.51%
• 6M: -3.14%
• YTD: -3.26%
• 1Y: -1.67%
• 3Y*: -0.62%
• 5Y*: -7.07%
• 10Y*: -1.80%
• ALL TIME*: 2.27%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TLTX Global X Treasury Bond Enhanced Income ETF	$202.98K	$200.23K	$333.11K
VGLT Vanguard Long-Term Treasury ETF	$95.69M	$98.86M	$108.97M

TLTX vs. VGLT - Yearly Performance Comparison

	2026 (YTD)	2025
TLTX Global X Treasury Bond Enhanced Income ETF	-3.11%	6.02%
VGLT Vanguard Long-Term Treasury ETF	-3.26%	5.26%

Correlation

The correlation between TLTX and VGLT is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.66

The correlation between TLTX and VGLT has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.

Return for Risk

TLTX vs. VGLT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TLTX

TLTX Risk / Return Rank: 9
TLTX Sharpe Ratio Rank: 10
TLTX Sortino Ratio Rank: 9
TLTX Omega Ratio Rank: 9
TLTX Calmar Ratio Rank: 10
TLTX Martin Ratio Rank: 10

VGLT

VGLT Risk / Return Rank: 10
VGLT Sharpe Ratio Rank: 10
VGLT Sortino Ratio Rank: 9
VGLT Omega Ratio Rank: 9
VGLT Calmar Ratio Rank: 10
VGLT Martin Ratio Rank: 10

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TLTX vs. VGLT - 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 Long-Term Treasury ETF (VGLT). 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	VGLT	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	-0.04	-0.01
Sortino ratio: Return per unit of downside risk	-0.01	-0.00	-0.01
Omega ratio: Gain probability vs. loss probability	1.00	1.00	0.00
Calmar ratio: Return relative to maximum drawdown	-0.08	-0.05	-0.02
Martin ratio: Return relative to average drawdown	-0.17	-0.12	-0.05

TLTX vs. VGLT - Sharpe Ratio Comparison

The current TLTX Sharpe Ratio is -0.05, which is comparable to the VGLT Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of TLTX and VGLT, 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. VGLT - Drawdown Comparison

The maximum TLTX drawdown since its inception was -6.70%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for TLTX and VGLT.

Drawdown Indicators

	TLTX	VGLT	Difference
Max Drawdown Largest peak-to-trough decline	-6.70%	-46.18%	+39.48%
Max Drawdown (1Y) Largest decline over 1 year	-6.70%	-7.03%	+0.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-40.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.18%	—
Current Drawdown Current decline from peak	-6.70%	-38.64%	+31.94%
Average Drawdown Average peak-to-trough decline	-2.49%	-15.26%	+12.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	3.19%	-0.16%

Volatility

TLTX vs. VGLT - Volatility Comparison

Global X Treasury Bond Enhanced Income ETF (TLTX) has a higher volatility of 2.95% compared to Vanguard Long-Term Treasury ETF (VGLT) at 2.24%. This indicates that TLTX's price experiences larger fluctuations and is considered to be riskier than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLTX	VGLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	2.24%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	7.29%	6.31%	+0.98%
Volatility (1Y) Calculated over the trailing 1-year period	9.44%	8.47%	+0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.44%	14.45%	-5.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.44%	13.75%	-4.31%

TLTX vs. VGLT - Expense Ratio Comparison

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

Dividends

TLTX vs. VGLT - Dividend Comparison

TLTX's dividend yield for the trailing twelve months is around 19.30%, more than VGLT's 4.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TLTX Global X Treasury Bond Enhanced Income ETF	19.30%	7.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VGLT Vanguard Long-Term Treasury ETF	4.37%	4.44%	4.33%	3.33%	2.84%	1.82%	2.15%	2.46%	2.71%	2.55%	2.69%	3.21%

Frequently Asked Questions

Can I hold both TLTX and VGLT in my portfolio?

TLTX and VGLT have a correlation of 0.70, 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 VGLT?

TLTX has higher volatility (2.95%) compared to VGLT (2.24%). In terms of maximum drawdown, TLTX dropped -6.70% vs VGLT's -46.18%.

Which ETF is better, TLTX or VGLT?

On 1-year performance, TLTX leads with -0.67% vs -1.67% for VGLT. On fees, VGLT is cheaper at 0.03% per year. On volatility, VGLT has been the lower-risk option at 2.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TLTX or VGLT?

Over the 1-year period, TLTX has performed better with a -0.67% return vs -1.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TLTX or VGLT?

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

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

TLTX has the higher dividend yield at 19.30%, compared with 4.37% for VGLT.

What is the main difference between TLTX and VGLT?

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

Which has better risk-adjusted returns?

VGLT currently has the higher Sharpe Ratio (-0.04 vs -0.05), 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.