TLTI vs VYM
NEOS Enhanced Income 20+ Year Treasury Bond ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | TLTI | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.04% | |
| AUM | $17M | $81.6B | |
| Dividend Yield | 6.40% | 2.24% | |
| Holdings | 8 | 616 | |
| YTD Return | -5.52% | +14.66% | |
| 1Y Return | -3.59% | +22.16% | |
| 3Y Return (annualized) | - | +18.72% | |
| 5Y Return (annualized) | - | +12.18% | |
| Volatility (annualized) | 9.2% | 14.6% | |
| Max Drawdown | -10.6% | -58.8% | |
| Fund Family | NEOS | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 12, 2024 | Nov 10, 2006 |
TLTI vs VYM Performance
NEOS Enhanced Income 20+ Year Treasury Bond ETF (TLTI) is a ETF from NEOS and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year TLTI returned -3.59% while VYM returned +22.16%. Year to date, TLTI is down 5.52% versus a gain of 14.66% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 9.2% for TLTI. 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 -10.6% for TLTI and -58.8% for VYM. 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 0.24. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TLTI charges 0.58% per year while VYM charges 0.04%. On a $10,000 position that is $58 vs $4 annually, a gap of $54 per year that compounds over a long holding period. On income, TLTI currently yields 6.40% against 2.24% for VYM.
Holdings Overlap
TLTI and VYM share 0 holdings out of 604 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, TLTI or VYM?
TLTI has an expense ratio of 0.58% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, TLTI or VYM?
Over the past year TLTI returned -3.59% vs +22.16% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), TLTI annualized -3.91% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, TLTI or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 9.2% for TLTI. Worst drawdown: TLTI -10.6% vs VYM -58.8%.
Should I hold both TLTI and VYM?
TLTI and VYM have a monthly-return correlation of 0.24, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TLTI and VYM?
TLTI and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 604 unique securities.
Which pays a higher dividend, TLTI or VYM?
TLTI yields 6.40% while VYM yields 2.24%, so TLTI currently pays the higher dividend yield.
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