CGW vs TLTP
Invesco S&P Global Water Index ETF vs Amplify TLT US Treasury 12% Option Income ETF
Quick Verdict
TLTP has a lower expense ratio. CGW delivered stronger 1-year returns. CGW offers more diversification with 82 holdings.
Side-by-Side Comparison
| Metric | CGW | TLTP | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.39% | |
| AUM | $1.1B | $25M | |
| Dividend Yield | 1.54% | 15.05% | |
| Holdings | 82 | 5 | |
| YTD Return | +2.34% | -8.91% | |
| 1Y Return | +2.85% | -6.89% | |
| 3Y Return (annualized) | +11.23% | - | |
| 5Y Return (annualized) | +3.55% | - | |
| Volatility (annualized) | 17.3% | 8.7% | |
| Max Drawdown | -57.2% | -13.3% | |
| Fund Family | Invesco (US) | Amplify ETFs | |
| Category | Equity | Alternative | |
| Inception | May 14, 2007 | Oct 29, 2024 |
CGW vs TLTP Performance
Invesco S&P Global Water Index ETF (CGW) is a ETF from Invesco (US) and Amplify TLT US Treasury 12% Option Income ETF (TLTP) is a ETF from Amplify ETFs. Over the past year CGW returned +2.85% while TLTP returned -6.89%. Year to date, CGW is up 2.34% versus a loss of 8.91% for TLTP.
Risk: Volatility and Drawdowns
CGW has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 8.7% for TLTP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -57.2% for CGW and -13.3% for TLTP. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CGW charges 0.58% per year while TLTP charges 0.39%. On a $10,000 position that is $58 vs $39 annually, a gap of $19 per year that compounds over a long holding period. On income, CGW currently yields 1.54% against 15.05% for TLTP.
Holdings Overlap
CGW and TLTP share 0 holdings out of 70 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CGW or TLTP?
CGW has an expense ratio of 0.58% while TLTP charges 0.39%. TLTP is the cheaper option. On a $10,000 investment, that is $19 per year of difference.
Which performed better, CGW or TLTP?
Over the past year CGW returned +2.85% vs -6.89% for TLTP, so CGW leads on 1-year performance. Over the longest common window we track (2 years), CGW annualized +7.18% vs -5.03% for TLTP. Past performance does not guarantee future results.
Which is riskier, CGW or TLTP?
CGW has been the more volatile fund at 17.3% annualized versus 8.7% for TLTP. Worst drawdown: CGW -57.2% vs TLTP -13.3%.
Should I hold both CGW and TLTP?
CGW and TLTP have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CGW and TLTP?
CGW and TLTP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 70 unique securities.
Which pays a higher dividend, CGW or TLTP?
CGW yields 1.54% while TLTP yields 15.05%, so TLTP currently pays the higher dividend yield.
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