TLTP vs VGI
Amplify TLT US Treasury 12% Option Income ETF vs Virtus Global Multi-Sector Income Fund
Quick Verdict
TLTP has a lower expense ratio. VGI delivered stronger 1-year returns. VGI offers more diversification with 434 holdings.
Side-by-Side Comparison
| Metric | TLTP | VGI | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 1.74% | |
| AUM | $23M | $88M | |
| Dividend Yield | 14.33% | 11.98% | |
| Holdings | 5 | 646 | |
| YTD Return | -9.16% | +1.61% | |
| 1Y Return | -7.43% | +5.13% | |
| 3Y Return (annualized) | - | +11.18% | |
| 5Y Return (annualized) | - | +2.21% | |
| Volatility (annualized) | 8.6% | 14.2% | |
| Max Drawdown | -12.7% | -63.3% | |
| Fund Family | Amplify ETFs | Virtus Investment Partners | |
| Category | Alternative | Fixed Income | |
| Inception | Oct 29, 2024 | Feb 23, 2012 |
TLTP vs VGI Performance
Amplify TLT US Treasury 12% Option Income ETF (TLTP) is a ETF from Amplify ETFs and Virtus Global Multi-Sector Income Fund (VGI) is a ETF from Virtus Investment Partners. Over the past year TLTP returned -7.43% while VGI returned +5.13%. Year to date, TLTP is down 9.16% versus a gain of 1.61% for VGI.
Risk: Volatility and Drawdowns
VGI has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 8.6% 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 -12.7% for TLTP and -63.3% for VGI. 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TLTP charges 0.39% per year while VGI charges 1.74%. On a $10,000 position that is $39 vs $174 annually, a gap of $135 per year that compounds over a long holding period. On income, TLTP currently yields 14.33% against 11.98% for VGI.
Holdings Overlap
TLTP and VGI share 0 holdings out of 437 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, TLTP or VGI?
TLTP has an expense ratio of 0.39% while VGI charges 1.74%. TLTP is the cheaper option. On a $10,000 investment, that is $135 per year of difference.
Which performed better, TLTP or VGI?
Over the past year TLTP returned -7.43% vs +5.13% for VGI, so VGI leads on 1-year performance. Over the longest common window we track (2 years), TLTP annualized -5.24% vs -2.37% for VGI. Past performance does not guarantee future results.
Which is riskier, TLTP or VGI?
VGI has been the more volatile fund at 14.2% annualized versus 8.6% for TLTP. Worst drawdown: TLTP -12.7% vs VGI -63.3%.
Should I hold both TLTP and VGI?
TLTP and VGI have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TLTP and VGI?
TLTP and VGI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 437 unique securities.
Which pays a higher dividend, TLTP or VGI?
TLTP yields 14.33% while VGI yields 11.98%, so TLTP currently pays the higher dividend yield.
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