TLTP vs VOO
Amplify TLT US Treasury 12% Option Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | TLTP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $25M | $997.4B | |
| Dividend Yield | 15.05% | 1.08% | |
| Holdings | 5 | 509 | |
| YTD Return | -8.87% | +12.25% | |
| 1Y Return | -7.14% | +20.92% | |
| 3Y Return (annualized) | - | +21.79% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 8.7% | 14.1% | |
| Max Drawdown | -13.3% | -34.3% | |
| Fund Family | Amplify ETFs | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 29, 2024 | Sep 7, 2010 |
TLTP vs VOO Performance
Amplify TLT US Treasury 12% Option Income ETF (TLTP) is a ETF from Amplify ETFs and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TLTP returned -7.14% while VOO returned +20.92%. Year to date, TLTP is down 8.87% versus a gain of 12.25% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -13.3% for TLTP and -34.3% for VOO. 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 0.19. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TLTP charges 0.39% per year while VOO charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, TLTP currently yields 15.05% against 1.08% for VOO.
Holdings Overlap
TLTP and VOO share 0 holdings out of 508 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 VOO?
TLTP has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, TLTP or VOO?
Over the past year TLTP returned -7.14% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), TLTP annualized -5.01% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, TLTP or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 8.7% for TLTP. Worst drawdown: TLTP -13.3% vs VOO -34.3%.
Should I hold both TLTP and VOO?
TLTP and VOO have a monthly-return correlation of 0.19, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TLTP and VOO?
TLTP and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, TLTP or VOO?
TLTP yields 15.05% while VOO yields 1.08%, so TLTP currently pays the higher dividend yield.
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