TLTX vs. XHLF

Last updated Aug 1, 2026

TLTX (Global X Treasury Bond Enhanced Income ETF) and XHLF (BondBloxx Bloomberg Six Month Target Duration US Treasury ETF) are both Government Bonds funds. TLTX is actively managed, while XHLF is passively managed. Over the past year, TLTX returned -0.67% vs 3.72% for XHLF. Their -0.01 correlation means they have often moved in opposite directions in the past. TLTX charges 0.29%/yr vs 0.03%/yr for XHLF.

Performance

TLTX vs. XHLF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Treasury Bond Enhanced Income ETF (TLTX) and BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLTX achieves a -3.11% return, which is significantly lower than XHLF's 1.96% return.

TLTX

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

XHLF

• 1D: 0.02%
• 1M: 0.24%
• 6M: 1.68%
• YTD: 1.96%
• 1Y: 3.72%
• 3Y*: 4.56%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.39%

*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
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	$10.55M	$16.65M	$18.60M

TLTX vs. XHLF - Yearly Performance Comparison

	2026 (YTD)	2025
TLTX Global X Treasury Bond Enhanced Income ETF	-3.11%	6.02%
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	1.96%	2.01%

Correlation

The correlation between TLTX and XHLF is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.01
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	-0.01

Return for Risk

TLTX vs. XHLF — 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

XHLF

XHLF Risk / Return Rank: 100
XHLF Sharpe Ratio Rank: 100
XHLF Sortino Ratio Rank: 100
XHLF Omega Ratio Rank: 100
XHLF Calmar Ratio Rank: 100
XHLF Martin Ratio Rank: 100

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. XHLF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Treasury Bond Enhanced Income ETF (TLTX) and BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF). 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	XHLF	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	11.91	-11.97
Sortino ratio: Return per unit of downside risk	-0.01	42.72	-42.74
Omega ratio: Gain probability vs. loss probability	1.00	10.51	-9.51
Calmar ratio: Return relative to maximum drawdown	-0.08	97.08	-97.16
Martin ratio: Return relative to average drawdown	-0.17	630.33	-630.50

TLTX vs. XHLF - Sharpe Ratio Comparison

The current TLTX Sharpe Ratio is -0.05, which is lower than the XHLF Sharpe Ratio of 11.91. The chart below compares the historical Sharpe Ratios of TLTX and XHLF, 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. XHLF - Drawdown Comparison

The maximum TLTX drawdown since its inception was -6.70%, which is greater than XHLF's maximum drawdown of -0.11%. Use the drawdown chart below to compare losses from any high point for TLTX and XHLF.

Drawdown Indicators

	TLTX	XHLF	Difference
Max Drawdown Largest peak-to-trough decline	-6.70%	-0.11%	-6.59%
Max Drawdown (1Y) Largest decline over 1 year	-6.70%	-0.04%	-6.66%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.06%	—
Current Drawdown Current decline from peak	-6.70%	0.00%	-6.70%
Average Drawdown Average peak-to-trough decline	-2.49%	0.00%	-2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	0.01%	+3.02%

Volatility

TLTX vs. XHLF - Volatility Comparison

Global X Treasury Bond Enhanced Income ETF (TLTX) has a higher volatility of 2.95% compared to BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) at 0.10%. This indicates that TLTX's price experiences larger fluctuations and is considered to be riskier than XHLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLTX	XHLF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	0.10%	+2.85%
Volatility (6M) Calculated over the trailing 6-month period	7.29%	0.22%	+7.07%
Volatility (1Y) Calculated over the trailing 1-year period	9.44%	0.32%	+9.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.44%	0.41%	+9.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.44%	0.41%	+9.03%

TLTX vs. XHLF - Expense Ratio Comparison

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

Dividends

TLTX vs. XHLF - Dividend Comparison

TLTX's dividend yield for the trailing twelve months is around 19.30%, more than XHLF's 3.81% yield.

Position	TTM	2025	2024	2023	2022
TLTX Global X Treasury Bond Enhanced Income ETF	19.30%	7.54%	0.00%	0.00%	0.00%
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	3.49%	3.98%	4.96%	4.50%	0.86%

Frequently Asked Questions

Can I hold both TLTX and XHLF in my portfolio?

TLTX and XHLF have a correlation of -0.01, 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 XHLF?

TLTX has higher volatility (2.95%) compared to XHLF (0.10%). In terms of maximum drawdown, TLTX dropped -6.70% vs XHLF's -0.11%.

Which ETF is better, TLTX or XHLF?

On 1-year performance, XHLF leads with 3.72% vs -0.67% for TLTX. On fees, XHLF is cheaper at 0.03% per year. On volatility, XHLF has been the lower-risk option at 0.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TLTX or XHLF?

Over the 1-year period, XHLF has performed better with a 3.72% return vs -0.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TLTX or XHLF?

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

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

TLTX has the higher dividend yield at 19.30%, compared with 3.49% for XHLF.

What is the main difference between TLTX and XHLF?

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

Which has better risk-adjusted returns?

XHLF currently has the higher Sharpe Ratio (11.91 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.