XDTE vs. TLTX

Last updated Jun 5, 2026

XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - XDTE is a Derivative Income fund actively managed by Roundhill, while TLTX is a Government Bonds fund actively managed by Global X. Both are actively managed. At a 0.26 correlation, their price movements are largely independent. XDTE charges 0.97%/yr vs 0.29%/yr for TLTX.

Performance

XDTE vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) 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, XDTE achieves a 9.12% return, which is significantly higher than TLTX's 0.25% return.

XDTE

• 1D: 0.27%
• 1M: 3.52%
• YTD: 9.12%
• 6M: 9.07%
• 1Y: 25.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLTX

• 1D: 0.61%
• 1M: 0.23%
• YTD: 0.25%
• 6M: -0.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XDTE vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	9.12%	9.85%
TLTX Global X Treasury Bond Enhanced Income ETF	0.25%	5.40%

Correlation

The correlation between XDTE and TLTX is 0.26, 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	0.26

Return for Risk

XDTE vs. TLTX — Risk / Return Rank

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

XDTE

XDTE Risk / Return Rank: 73
XDTE Sharpe Ratio Rank: 73
XDTE Sortino Ratio Rank: 71
XDTE Omega Ratio Rank: 73
XDTE Calmar Ratio Rank: 69
XDTE Martin Ratio Rank: 79

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.

XDTE vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) 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.

	XDTE	TLTX	Difference
Sharpe ratio: Return per unit of total volatility	2.36	—	—
Sortino ratio: Return per unit of downside risk	3.16	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	3.37	—	—
Martin ratio: Return relative to average drawdown	15.42	—	—
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

	XDTE	TLTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	0.70	+0.56

Drawdowns

XDTE vs. TLTX - Drawdown Comparison

The maximum XDTE drawdown since its inception was -19.09%, which is greater than TLTX's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for XDTE and TLTX.

Drawdown Indicators

	XDTE	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-19.09%	-6.35%	-12.74%
Max Drawdown (1Y) Largest decline over 1 year	-7.68%	—	—
Current Drawdown Current decline from peak	-0.39%	-3.46%	+3.07%
Average Drawdown Average peak-to-trough decline	-2.31%	-2.27%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	—	—

Volatility

Volatility by Period

	XDTE	TLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.99%	9.14%	+1.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.84%	9.14%	+4.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.84%	9.14%	+4.70%

XDTE vs. TLTX - Expense Ratio Comparison

XDTE has a 0.97% expense ratio, which is higher than TLTX's 0.29% expense ratio.

Dividends

XDTE vs. TLTX - Dividend Comparison

XDTE's dividend yield for the trailing twelve months is around 33.55%, more than TLTX's 15.70% yield.

Position	TTM	2025	2024
TLTX Global X Treasury Bond Enhanced Income ETF	15.70%	7.54%	0.00%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.55%	39.16%	20.35%

Frequently Asked Questions

Can I hold both XDTE and TLTX in my portfolio?

XDTE and TLTX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDTE 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, XDTE or TLTX?

TLTX is cheaper with a 0.29% expense ratio, compared with 0.97% for XDTE.

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

XDTE has the higher dividend yield at 33.55%, compared with 15.70% for TLTX.

What is the main difference between XDTE and TLTX?

XDTE is categorized as Derivative Income, while TLTX is Government Bonds. They also come from different issuers: Roundhill and Global X. Their fees differ too: 0.97% for XDTE and 0.29% for TLTX.