IGBH vs TLTP
iShares Interest Rate Hedged Long-Term Corporate Bond ETF vs Amplify TLT US Treasury 12% Option Income ETF
Quick Verdict
IGBH has a lower expense ratio. IGBH delivered stronger 1-year returns. IGBH offers more diversification with 4,130 holdings.
Side-by-Side Comparison
| Metric | IGBH | TLTP | Winner |
|---|---|---|---|
| Expense Ratio | 0.14% | 0.39% | |
| AUM | $233M | $25M | |
| Dividend Yield | 5.62% | 15.05% | |
| Holdings | 4,130 | 5 | |
| YTD Return | +2.18% | -8.91% | |
| 1Y Return | +5.92% | -6.89% | |
| 3Y Return (annualized) | +7.66% | - | |
| 5Y Return (annualized) | +5.45% | - | |
| Volatility (annualized) | 7.5% | 8.7% | |
| Max Drawdown | -38.9% | -13.3% | |
| Fund Family | iShares by BlackRock (US) | Amplify ETFs | |
| Category | Fixed Income | Alternative | |
| Inception | Jul 22, 2015 | Oct 29, 2024 |
IGBH vs TLTP Performance
iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is a ETF from iShares by BlackRock (US) and Amplify TLT US Treasury 12% Option Income ETF (TLTP) is a ETF from Amplify ETFs. Over the past year IGBH returned +5.92% while TLTP returned -6.89%. Year to date, IGBH is up 2.18% versus a loss of 8.91% for TLTP.
Risk: Volatility and Drawdowns
TLTP has been the more volatile fund, with annualized monthly volatility of 8.7% compared with 7.5% for IGBH. 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 -38.9% for IGBH 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 0.05. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IGBH charges 0.14% per year while TLTP charges 0.39%. On a $10,000 position that is $14 vs $39 annually, a gap of $25 per year that compounds over a long holding period. On income, IGBH currently yields 5.62% against 15.05% for TLTP.
Holdings Overlap
IGBH and TLTP share 0 holdings out of 79 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, IGBH or TLTP?
IGBH has an expense ratio of 0.14% while TLTP charges 0.39%. IGBH is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, IGBH or TLTP?
Over the past year IGBH returned +5.92% vs -6.89% for TLTP, so IGBH leads on 1-year performance. Over the longest common window we track (2 years), IGBH annualized +2.91% vs -5.03% for TLTP. Past performance does not guarantee future results.
Which is riskier, IGBH or TLTP?
TLTP has been the more volatile fund at 8.7% annualized versus 7.5% for IGBH. Worst drawdown: IGBH -38.9% vs TLTP -13.3%.
Should I hold both IGBH and TLTP?
IGBH and TLTP have a monthly-return correlation of 0.05, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IGBH and TLTP?
IGBH and TLTP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 79 unique securities.
Which pays a higher dividend, IGBH or TLTP?
IGBH yields 5.62% while TLTP yields 15.05%, so TLTP currently pays the higher dividend yield.
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