Data as of .
TLTW vs TLTX: which paid, and which earned it?
Over the year TLTX paid 15.7% of its price in cash against TLTW’s 9.6%, though TLTW returned more with it reinvested.
ETFIQ Return Stability Score: TLTW scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, TLTW and TLTX hold 0% of their money in the same securities at the same weight.
| Only in TLTW | Only in TLTX |
|---|---|
| TREASURY BOND 4.56% | GLOBAL X LONG-TERM TR LA ETF 40.78% |
| TREASURY BOND 4.33% | T 5 05/15/56 9.79% |
| TREASURY BOND 4.23% | T 4 3/4 02/15/56 7.85% |
| TREASURY BOND (2OLD) 4.18% | T 4 5/8 11/15/55 6.36% |
| TREASURY BOND 4.09% | SP 0 05/15/56 6.31% |
| TREASURY BOND (OLD) 4.07% | SP 0 02/15/56 6.14% |
| TREASURY BOND 4.03% | SP 0 11/15/55 3.97% |
| TREASURY BOND 3.99% | T 4 3/4 08/15/55 3.66% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| TLTW | TLTX | TLTW | TLTX | TLTW | TLTX | |
| 3 months | −4.3% | −4.8% | 1.9% | 3.9% | +0.9 pts | +0.4 pts |
| 6 months | −1.6% | −2.7% | 4.3% | 8.2% | +1.5 pts | +0.5 pts |
| 1 year | −0.5% | −3.4% | 9.6% | 15.7% | +4.2 pts | +1.3 pts |
| 3 years | +5.2% | not published | 33.6% | not published | +5.8 pts | not published |
| Since launch | −4.0% | +2.2% | 41.3% | 17.9% | +11.4 pts | +1.6 pts |
| TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF Covered call on TLT, paying monthly | TLTX Global X Treasury Bond Enhanced Income ETF Covered call on TLT, paying monthly | |
|---|---|---|
| Issuer | iShares | Global X |
| Strategy | covered call | covered call |
| Benchmark | 20+ Year Treasury (TLT) | 20+ Year Treasury (TLT) |
| Pays | monthly | monthly |
| Payout rate, annualized | 7.5% | 18.9% |
| Expense ratio | 0.35% | not published |
| Cash paid, 1 year | 9.6% | 15.7% |
| Price change, 1 year | −9.9% | −18.5% |
| Total return, 1 year | −0.5% | −3.4% |
| Benchmark return, 1 year | −4.7% | −4.7% |
| Ahead or behind | +4.2 pts | +1.3 pts |
| Return of capital, latest estimate | not published | 73% |
| Age | 1488 days | 429 days |
| Net assets | $1.8bn | $15m |
TLTW in plain words
Over the year to Sep 18, 2026, TLTW paid 9.6% of its starting value in cash distributions while its price fell 9.9%. With every distribution reinvested, the fund returned −0.5%. 20+ Year Treasury (TLT) returned −4.7% over the same days, so a holder was ahead by 4.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.5%, paid monthly.
TLTX in plain words
Over the year to Sep 18, 2026, TLTX paid 15.7% of its starting value in cash distributions while its price fell 18.5%. With every distribution reinvested, the fund returned −3.4%. 20+ Year Treasury (TLT) returned −4.7% over the same days, so a holder was ahead by 1.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 18.9%, paid monthly. Global X estimates that 73% of the distribution paid Aug 27, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which paid more, TLTW or TLTX?
- Over the year to Sep 18, 2026, TLTW paid 9.6% of its starting price in cash and TLTX paid 15.7%, so TLTX paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, TLTW or TLTX?
- With every distribution reinvested, TLTW returned −0.5% and TLTX returned −3.4% over the year to Sep 18, 2026, so TLTW returned more.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, TLTW against TLTX, data as of Sep 18, 2026. https://etfiq.com/compare/income/tltw-vs-tltx Free to use with attribution; the underlying files are at Open data.