TRSY vs. TLTX

Last updated Aug 1, 2026

TRSY (Xtrackers US 0-1 Year Treasury ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both Government Bonds funds. TRSY is passively managed, while TLTX is actively managed. Over the past year, TRSY returned 3.78% vs -0.67% for TLTX. Their 0.11 correlation means their historical movements had little consistent relationship. TRSY charges 0.06%/yr vs 0.29%/yr for TLTX.

Performance

TRSY vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers US 0-1 Year Treasury ETF (TRSY) and Global X Treasury Bond Enhanced Income ETF (TLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRSY achieves a 2.03% return, which is significantly higher than TLTX's -3.11% return.

TRSY

• 1D: 0.00%
• 1M: 0.27%
• 6M: 1.78%
• YTD: 2.03%
• 1Y: 3.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.31%

TLTX

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

*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
TRSY Xtrackers US 0-1 Year Treasury ETF	$2.06M	$1.33M	$1.09M

TRSY vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
TRSY Xtrackers US 0-1 Year Treasury ETF	2.03%	1.98%
TLTX Global X Treasury Bond Enhanced Income ETF	-3.11%	6.02%

Correlation

The correlation between TRSY and TLTX is 0.13, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.13
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.11

Return for Risk

TRSY vs. TLTX — Risk / Return Rank

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

TRSY

TRSY Risk / Return Rank: 99
TRSY Sharpe Ratio Rank: 99
TRSY Sortino Ratio Rank: 99
TRSY Omega Ratio Rank: 99
TRSY Calmar Ratio Rank: 100
TRSY Martin Ratio Rank: 100

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

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.

TRSY vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers US 0-1 Year Treasury ETF (TRSY) and Global X Treasury Bond Enhanced Income ETF (TLTX). 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.

	TRSY	TLTX	Difference
Sharpe ratio: Return per unit of total volatility	9.99	-0.05	+10.04
Sortino ratio: Return per unit of downside risk	26.69	-0.01	+26.70
Omega ratio: Gain probability vs. loss probability	6.33	1.00	+5.33
Calmar ratio: Return relative to maximum drawdown	59.26	-0.08	+59.33
Martin ratio: Return relative to average drawdown	359.44	-0.17	+359.61

TRSY vs. TLTX - Sharpe Ratio Comparison

The current TRSY Sharpe Ratio is 9.99, which is higher than the TLTX Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of TRSY and TLTX, 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

TRSY vs. TLTX - Drawdown Comparison

The maximum TRSY drawdown since its inception was -0.82%, smaller than the maximum TLTX drawdown of -6.70%. Use the drawdown chart below to compare losses from any high point for TRSY and TLTX.

Drawdown Indicators

	TRSY	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-0.82%	-6.70%	+5.88%
Max Drawdown (1Y) Largest decline over 1 year	-0.07%	-6.70%	+6.63%
Current Drawdown Current decline from peak	-0.02%	-6.70%	+6.68%
Average Drawdown Average peak-to-trough decline	-0.06%	-2.49%	+2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	3.03%	-3.02%

Volatility

TRSY vs. TLTX - Volatility Comparison

The current volatility for Xtrackers US 0-1 Year Treasury ETF (TRSY) is 0.13%, while Global X Treasury Bond Enhanced Income ETF (TLTX) has a volatility of 2.95%. This indicates that TRSY experiences smaller price fluctuations and is considered to be less risky than TLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRSY	TLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.13%	2.95%	-2.82%
Volatility (6M) Calculated over the trailing 6-month period	0.25%	7.29%	-7.04%
Volatility (1Y) Calculated over the trailing 1-year period	0.40%	9.44%	-9.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.07%	9.44%	-8.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.07%	9.44%	-8.37%

TRSY vs. TLTX - Expense Ratio Comparison

TRSY has a 0.06% expense ratio, which is lower than TLTX's 0.29% expense ratio.

Dividends

TRSY vs. TLTX - Dividend Comparison

TRSY's dividend yield for the trailing twelve months is around 3.65%, less than TLTX's 19.30% yield.

Position	TTM	2025	2024
TLTX Global X Treasury Bond Enhanced Income ETF	19.30%	7.54%	0.00%
TRSY Xtrackers US 0-1 Year Treasury ETF	3.29%	4.00%	0.96%

Frequently Asked Questions

Can I hold both TRSY and TLTX in my portfolio?

TRSY and TLTX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRSY or TLTX?

TLTX has higher volatility (2.95%) compared to TRSY (0.13%). In terms of maximum drawdown, TRSY dropped -0.82% vs TLTX's -6.70%.

Which ETF is better, TRSY or TLTX?

On 1-year performance, TRSY leads with 3.78% vs -0.67% for TLTX. On fees, TRSY is cheaper at 0.06% per year. On volatility, TRSY has been the lower-risk option at 0.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TRSY or TLTX?

Over the 1-year period, TRSY has performed better with a 3.78% return vs -0.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TRSY or TLTX?

TRSY is cheaper with a 0.06% expense ratio, compared with 0.29% for TLTX.

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

TLTX has the higher dividend yield at 19.30%, compared with 3.29% for TRSY.

What is the main difference between TRSY and TLTX?

They also come from different issuers: Xtrackers and Global X. Their fees differ too: 0.06% for TRSY and 0.29% for TLTX.

Which has better risk-adjusted returns?

TRSY currently has the higher Sharpe Ratio (9.98 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.