TLTP vs VOO
Amplify TLT US Treasury 12% Option Income ETF vs Vanguard S&P 500 ETF
Which is better, TLTP or VOO?
Multi Alternative against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | TLTP | VOO |
|---|---|---|
| Expense Ratio | 0.39% | 0.03%Best |
| AUM | $26M | $997.4B |
| Dividend Yield | 15.06% | 1.04% |
| Holdings | 10 | 509 |
| YTD Return | -10.80% | +11.55%Best |
| 1Y Return | -11.56% | +17.54%Best |
| 3Y Return (annualized) | - | +20.71% |
| 5Y Return (annualized) | - | +12.80% |
| Volatility (annualized) | 8.5%Best | 12.9% |
| Max Drawdown | -14.2%Best | -18.7% |
| $10,000 over 1.9 years | $8,900 | $13,382Best |
| Fund Family | Amplify ETFs | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Oct 29, 2024 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Oct 29, 2024 to Sep 10, 2026 (1.9 years).
TLTP vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.9 years both funds cover.
TLTP vs VOO Performance
Amplify TLT US Treasury 12% Option Income ETF (TLTP) is an ETF from Amplify ETFs and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year TLTP returned -11.56% while VOO returned +17.54%. Year to date, TLTP is down 10.80% versus a gain of 11.55% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 12.9% compared with 8.5% 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 -14.2% for TLTP and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.20. They move largely independently of each other.
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 15.06% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 2 holdings in TLTP and 505 in VOO, totalling 99.7% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 63 days apart, TLTP as of Sep 1, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 2 positions we hold weights for in TLTP and 505 in VOO, against full books of 10 and 509.
You are not choosing between two funds in isolation.
Whichever of TLTP and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $36 a year on a $10,000 investment.
Which performed better, TLTP or VOO?
Over the past year TLTP returned -11.56% vs +17.54% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), TLTP annualized -5.95% vs +16.57% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TLTP or VOO?
VOO has been the more volatile fund at 12.9% annualized versus 8.5% for TLTP. Worst drawdown: TLTP -14.2% vs VOO -18.7%.
Should I hold both TLTP and VOO?
TLTP and VOO have a monthly-return correlation of 0.20, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, TLTP or VOO?
TLTP yields 15.06% while VOO yields 1.04%, so TLTP currently pays the higher dividend yield.
Is VOO better than TLTP?
VOO has a lower expense ratio. VOO led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.