XTWY vs. TLTX

Last updated Aug 2, 2026

XTWY (BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both Government Bonds funds. XTWY is passively managed, while TLTX is actively managed. Over the past year, XTWY returned -4.02% vs -0.67% for TLTX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. XTWY charges 0.12%/yr vs 0.29%/yr for TLTX.

Performance

XTWY vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) 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, XTWY achieves a -4.63% return, which is significantly lower than TLTX's -3.11% return.

XTWY

• 1D: -0.90%
• 1M: -5.01%
• 6M: -4.62%
• YTD: -4.63%
• 1Y: -4.02%
• 3Y*: -3.43%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -4.67%

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
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF	$1.02M	$1.21M	$1.83M

XTWY vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF	-4.63%	4.92%
TLTX Global X Treasury Bond Enhanced Income ETF	-3.11%	6.02%

Correlation

The correlation between XTWY and TLTX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.66

The correlation between XTWY and TLTX has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.

Return for Risk

XTWY vs. TLTX — Risk / Return Rank

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

XTWY

XTWY Risk / Return Rank: 7
XTWY Sharpe Ratio Rank: 8
XTWY Sortino Ratio Rank: 7
XTWY Omega Ratio Rank: 7
XTWY Calmar Ratio Rank: 8
XTWY Martin Ratio Rank: 7

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.

XTWY vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) 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.

	XTWY	TLTX	Difference
Sharpe ratio: Return per unit of total volatility	-0.23	-0.05	-0.18
Sortino ratio: Return per unit of downside risk	-0.25	-0.01	-0.24
Omega ratio: Gain probability vs. loss probability	0.97	1.00	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.26	-0.08	-0.19
Martin ratio: Return relative to average drawdown	-0.57	-0.17	-0.40

XTWY vs. TLTX - Sharpe Ratio Comparison

The current XTWY Sharpe Ratio is -0.23, which is lower than the TLTX Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of XTWY 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

XTWY vs. TLTX - Drawdown Comparison

The maximum XTWY drawdown since its inception was -25.92%, which is greater than TLTX's maximum drawdown of -6.70%. Use the drawdown chart below to compare losses from any high point for XTWY and TLTX.

Drawdown Indicators

	XTWY	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-25.92%	-6.70%	-19.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.89%	-6.70%	-3.19%
Max Drawdown (3Y) Largest decline over 3 years	-18.22%	—	—
Current Drawdown Current decline from peak	-18.88%	-6.70%	-12.18%
Average Drawdown Average peak-to-trough decline	-12.35%	-2.49%	-9.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.59%	3.03%	+1.56%

Volatility

XTWY vs. TLTX - Volatility Comparison

BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) and Global X Treasury Bond Enhanced Income ETF (TLTX) have volatilities of 3.06% and 2.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTWY	TLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	2.95%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	8.15%	7.29%	+0.86%
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	9.44%	+1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.41%	9.44%	+7.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.41%	9.44%	+7.97%

XTWY vs. TLTX - Expense Ratio Comparison

XTWY has a 0.13% expense ratio, which is lower than TLTX's 0.29% expense ratio.

Dividends

XTWY vs. TLTX - Dividend Comparison

XTWY's dividend yield for the trailing twelve months is around 4.93%, less than TLTX's 19.30% 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%
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF	4.49%	4.56%	4.65%	3.86%	1.08%

Frequently Asked Questions

Can I hold both XTWY and TLTX in my portfolio?

XTWY and TLTX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XTWY or TLTX?

XTWY has higher volatility (3.06%) compared to TLTX (2.95%). In terms of maximum drawdown, XTWY dropped -25.92% vs TLTX's -6.70%.

Which ETF is better, XTWY or TLTX?

On 1-year performance, TLTX leads with -0.67% vs -4.02% for XTWY. On fees, XTWY is cheaper at 0.12% per year. On volatility, TLTX has been the lower-risk option at 2.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTWY or TLTX?

Over the 1-year period, TLTX has performed better with a -0.67% return vs -4.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTWY or TLTX?

XTWY is cheaper with a 0.12% expense ratio, compared with 0.29% for TLTX.

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

TLTX has the higher dividend yield at 19.30%, compared with 4.49% for XTWY.

What is the main difference between XTWY and TLTX?

They also come from different issuers: BondBloxx and Global X. Their fees differ too: 0.12% for XTWY and 0.29% for TLTX.

Which has better risk-adjusted returns?

TLTX currently has the higher Sharpe Ratio (-0.05 vs -0.23), 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.