NEOS Enhanced Income 20+ Year Treasury Bond ETF (TLTI) Performance
TLTI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.9% since Dec 31, 2025
- 1 year
- −5.1% total return
- Since first price
- −2.4% since 2024
TLTI trailing returns vs SPY, QQQ, AGG
| Period | TLTI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.5% | +1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.8% | −2.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −3.2% | −6.1% | +7.8% | +8.4% | −1.5% |
| YTD | −1.9% | −6.8% | +12.3% | +15.1% | −1.0% |
| 1 year | −5.1% | −10.7% | +14.4% | +15.9% | −1.1% |
| Since inceptionDec 11, 2024 | −2.4% | −13.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TLTI vs SPY
From Dec 11, 2024: TLTI grew to $9,757, SPY to $12,799.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TLTI returns by calendar year
1 of 1 full years positive. Best 2025 (+4.3%), worst 2025 (+4.3%). 2026 is year to date.
TLTI annual returns table
| Year | TLTI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −1.9% | −11.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +4.3% | −8.7% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TLTI largest drawdowns
Now 6.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 27, 2026 | −11.1% | Oct 5, 2026 | not yet | 7 months | 8 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TLTI risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | −1.2% |
| Volatility (annualized) | 9.6% |
| Sharpe ratio | -0.48 |
| Sortino ratio | -0.62 |
| Best month | +5.1% |
| Worst month | −5.0% |
| Best 12 months | +5.7% |
| Worst 12 months | −6.7% |
| Positive months | 57% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TLTI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 11 | −6.7% | +1.5% | +5.7% | 82% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
TLTI performance overview
NEOS Enhanced Income 20+ Year Treasury Bond ETF (TLTI) returned −5.1% over the past year, with distributions reinvested. Since its first recorded price on Dec 11, 2024 it has returned −2.4%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −11.1%, from Feb 27, 2026 to Oct 5, 2026; the fund has not yet regained that high. Volatility has been 9.6% a year.
Related: TLTI chart, TLTI dividends. See the TLTI overview for the latest quote and fund facts.
TLTI performance FAQ
What is the TLTI return over the past year?
TLTI returned −5.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 10.7%.
How much would $10,000 invested in TLTI be worth?
$10,000 invested in TLTI at its first recorded close on December 11, 2024 would be worth about $9,757 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of TLTI?
The largest peak-to-trough decline was −11.1% between February 27, 2026 and October 5, 2026. It has not yet recovered to that high; it is 6.3% below its peak.
How volatile is TLTI?
Over the past history TLTI had an annualized volatility of 9.6% and a Sharpe ratio of -0.48 (excess return over 1–3 month T-bills per unit of risk).