XTEN vs. TLTX
XTEN (BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both Government Bonds funds. XTEN is passively managed, while TLTX is actively managed. A 0.62 correlation means they provide meaningful diversification when combined. XTEN charges 0.07%/yr vs 0.29%/yr for TLTX.
Performance
XTEN vs. TLTX - Performance Comparison
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Returns By Period
In the year-to-date period, XTEN achieves a -0.01% return, which is significantly lower than TLTX's 1.13% return.
XTEN
- 1D
- 0.13%
- 1M
- 1.27%
- YTD
- -0.01%
- 6M
- 0.03%
- 1Y
- 3.75%
- 3Y*
- 1.89%
- 5Y*
- —
- 10Y*
- —
TLTX
- 1D
- -1.58%
- 1M
- 2.06%
- YTD
- 1.13%
- 6M
- 1.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTEN vs. TLTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XTEN BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF | -0.01% | 4.94% |
TLTX Global X Treasury Bond Enhanced Income ETF | 1.13% | 6.02% |
Correlation
The correlation between XTEN and TLTX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025 | 0.62 |
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Return for Risk
XTEN vs. TLTX — Risk / Return Rank
XTEN
TLTX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XTEN vs. TLTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) 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.
| XTEN | TLTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.10 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | — | — |
| Martin ratioReturn relative to average drawdown | 1.88 | — | — |
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Drawdowns
XTEN vs. TLTX - Drawdown Comparison
The maximum XTEN drawdown since its inception was -13.86%, which is greater than TLTX's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for XTEN and TLTX.
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Drawdown Indicators
| XTEN | TLTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.86% | -6.35% | -7.51% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.15% | — | — |
Current DrawdownCurrent decline from peak | -2.99% | -2.62% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -2.29% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | — | — |
Volatility
XTEN vs. TLTX - Volatility Comparison
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Volatility by Period
| XTEN | TLTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.24% | 9.26% | -3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.52% | 9.26% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.52% | 9.26% | +0.26% |
XTEN vs. TLTX - Expense Ratio Comparison
XTEN has a 0.08% expense ratio, which is lower than TLTX's 0.29% expense ratio.
Dividends
XTEN vs. TLTX - Dividend Comparison
XTEN's dividend yield for the trailing twelve months is around 4.37%, less than TLTX's 17.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TLTX Global X Treasury Bond Enhanced Income ETF | 17.25% | 7.54% | 0.00% | 0.00% | 0.00% |
XTEN BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF | 4.37% | 4.05% | 4.21% | 3.71% | 1.04% |
Frequently Asked Questions
XTEN and TLTX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTEN is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTEN is cheaper with a 0.07% expense ratio, compared with 0.29% for TLTX.
TLTX has the higher dividend yield at 17.25%, compared with 4.37% for XTEN.
They also come from different issuers: BondBloxx and Global X. Their fees differ too: 0.07% for XTEN and 0.29% for TLTX.
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