VETZ vs. TLTX

Last updated Jun 3, 2026

VETZ (Academy Veteran Bond ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - VETZ is a Mortgage Backed Securities fund actively managed by Academy, while TLTX is a Government Bonds fund actively managed by Global X. Both are actively managed. At a 0.47 correlation, their price movements are largely independent. VETZ charges 0.35%/yr vs 0.29%/yr for TLTX.

Performance

VETZ vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Academy Veteran Bond ETF (VETZ) 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, VETZ achieves a 0.62% return, which is significantly higher than TLTX's 0.01% return.

VETZ

• 1D: -0.10%
• 1M: -0.23%
• YTD: 0.62%
• 6M: 1.16%
• 1Y: 6.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLTX

• 1D: 0.26%
• 1M: -0.23%
• YTD: 0.01%
• 6M: -0.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VETZ vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
VETZ Academy Veteran Bond ETF	0.62%	5.03%
TLTX Global X Treasury Bond Enhanced Income ETF	0.01%	5.40%

Correlation

The correlation between VETZ and TLTX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 17, 2025	0.47

Return for Risk

VETZ vs. TLTX — Risk / Return Rank

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

VETZ

VETZ Risk / Return Rank: 43
VETZ Sharpe Ratio Rank: 41
VETZ Sortino Ratio Rank: 43
VETZ Omega Ratio Rank: 39
VETZ Calmar Ratio Rank: 45
VETZ Martin Ratio Rank: 48

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.

VETZ vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Academy Veteran Bond ETF (VETZ) 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.

	VETZ	TLTX	Difference
Sharpe ratio Return per unit of total volatility	1.47	—	—
Sortino ratio Return per unit of downside risk	2.20	—	—
Omega ratio Gain probability vs. loss probability	1.26	—	—
Calmar ratio Return relative to maximum drawdown	2.30	—	—
Martin ratio Return relative to average drawdown	8.06	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VETZ	TLTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.68	+0.18

Drawdowns

VETZ vs. TLTX - Drawdown Comparison

The maximum VETZ drawdown since its inception was -5.16%, smaller than the maximum TLTX drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for VETZ and TLTX.

Drawdown Indicators

	VETZ	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-5.16%	-6.35%	+1.19%
Max Drawdown (1Y) Largest decline over 1 year	-2.73%	—	—
Current Drawdown Current decline from peak	-1.39%	-3.69%	+2.30%
Average Drawdown Average peak-to-trough decline	-1.30%	-2.26%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	—	—

Volatility

Volatility by Period

	VETZ	TLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.84%	9.15%	-4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.15%	9.15%	-3.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.15%	9.15%	-3.00%

VETZ vs. TLTX - Expense Ratio Comparison

VETZ has a 0.35% expense ratio, which is higher than TLTX's 0.29% expense ratio.

Dividends

VETZ vs. TLTX - Dividend Comparison

VETZ's dividend yield for the trailing twelve months is around 6.17%, less than TLTX's 15.74% yield.

Position	TTM	2025	2024	2023
TLTX Global X Treasury Bond Enhanced Income ETF	15.74%	7.54%	0.00%	0.00%
VETZ Academy Veteran Bond ETF	6.17%	6.14%	5.89%	1.88%

Frequently Asked Questions

Can I hold both VETZ and TLTX in my portfolio?

VETZ and TLTX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VETZ or TLTX?

On fees, TLTX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VETZ or TLTX?

TLTX is cheaper with a 0.29% expense ratio, compared with 0.35% for VETZ.

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

TLTX has the higher dividend yield at 15.74%, compared with 6.17% for VETZ.

What is the main difference between VETZ and TLTX?

VETZ is categorized as Mortgage Backed Securities, while TLTX is Government Bonds. They also come from different issuers: Academy and Global X. Their fees differ too: 0.35% for VETZ and 0.29% for TLTX.