FTCB vs TLTP
First Trust Core Investment Grade ETF vs Amplify TLT US Treasury 12% Option Income ETF
Quick Verdict
TLTP has a lower expense ratio. FTCB delivered stronger 1-year returns. FTCB offers more diversification with 331 holdings.
Side-by-Side Comparison
| Metric | FTCB | TLTP | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.39% | |
| AUM | $2.5B | $23M | |
| Dividend Yield | 5.24% | 14.33% | |
| Holdings | 721 | 5 | |
| YTD Return | +0.17% | -8.50% | |
| 1Y Return | +2.33% | -7.39% | |
| 3Y Return (annualized) | - | - | |
| 5Y Return (annualized) | - | - | |
| Volatility (annualized) | 5.1% | 8.7% | |
| Max Drawdown | -5.0% | -12.7% | |
| Fund Family | First Trust Portfolios (US) | Amplify ETFs | |
| Category | Fixed Income | Alternative | |
| Inception | Nov 7, 2023 | Oct 29, 2024 |
FTCB vs TLTP Performance
First Trust Core Investment Grade ETF (FTCB) is a ETF from First Trust Portfolios (US) and Amplify TLT US Treasury 12% Option Income ETF (TLTP) is a ETF from Amplify ETFs. Over the past year FTCB returned +2.33% while TLTP returned -7.39%. Year to date, FTCB is up 0.17% versus a loss of 8.50% for TLTP.
Risk: Volatility and Drawdowns
TLTP has been the more volatile fund, with annualized monthly volatility of 8.7% compared with 5.1% for FTCB. 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 -5.0% for FTCB and -12.7% 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FTCB charges 0.56% per year while TLTP charges 0.39%. On a $10,000 position that is $56 vs $39 annually, a gap of $17 per year that compounds over a long holding period. On income, FTCB currently yields 5.24% against 14.33% for TLTP.
Holdings Overlap
FTCB and TLTP share 0 holdings out of 334 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, FTCB or TLTP?
FTCB has an expense ratio of 0.56% while TLTP charges 0.39%. TLTP is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, FTCB or TLTP?
Over the past year FTCB returned +2.33% vs -7.39% for TLTP, so FTCB leads on 1-year performance. Over the longest common window we track (2 years), FTCB annualized +5.76% vs -4.85% for TLTP. Past performance does not guarantee future results.
Which is riskier, FTCB or TLTP?
TLTP has been the more volatile fund at 8.7% annualized versus 5.1% for FTCB. Worst drawdown: FTCB -5.0% vs TLTP -12.7%.
Should I hold both FTCB and TLTP?
FTCB and TLTP have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FTCB and TLTP?
FTCB and TLTP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 334 unique securities.
Which pays a higher dividend, FTCB or TLTP?
FTCB yields 5.24% while TLTP yields 14.33%, so TLTP currently pays the higher dividend yield.
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