Which paid more, HYBI or HYBL?

Over the year to Nov 4, 2026, HYBI paid 8.0% of its starting price in cash and HYBL paid 6.9%, so HYBI paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, HYBI or HYBL?

With every distribution reinvested, HYBI returned +4.0% and HYBL +3.5% over the year to Nov 4, 2026.

Which is cheaper, HYBI or HYBL?

HYBI charges 0.68% a year and HYBL charges 0.70%, so HYBI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

HYBI vs HYBL: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, HYBI paid 8.0% of its price in cash against HYBL’s 6.9% and the two finished level on total return.

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Net assets: $218m on Oct 28, 2026 for NEOS Enhanced Income Credit Select ETF, and $584m on Nov 3, 2026 for State Street Blackstone High Income ETF.

HYBI on its own →HYBL on its own →

At a glance

8.0%

HYBI cash paid, 1 year

6.9%

HYBL cash paid, 1 year

+4.0%

HYBI total return, 1 year

+3.5%

HYBL total return, 1 year

HYBI · 1 year to Nov 4, 2026 1.1 pts ahead of JNK

HYBI

+4.0%

JNK

+2.9%

1.1 pts ahead of JNK

HYBI over 1 year: paid 8.0%, price −4.0%, total +4.0%, JNK +2.9%, +1.1 pts. Data to Nov 4, 2026.

JNK

+2.9%

HYBI

+4.0%

8.0% of it arrived as cash

1.1 pts ahead of JNK

Total return, distributions reinvested

1.1 pts ahead of JNK

HYBI over 1 year: paid 8.0%, price −4.0%, total +4.0%, JNK +2.9%, +1.1 pts. Data to Nov 4, 2026.

JNK

+2.9%

HYBI

+4.0%

8.0% as cash

1.1 pts ahead of JNK

8.0% of it arrived as cash. Total return, distributions reinvested. HYBI over 1 year: paid 8.0%, price −4.0%, total +4.0%, JNK +2.9%, +1.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

HYBL · 1 year to Nov 4, 2026 Not measured

HYBL

+3.5%

none

Not measured

HYBL over 1 year: paid 6.9%, price −3.4%, total +3.5%, not measured against a benchmark. Data to Nov 4, 2026.

HYBL

+3.5%

6.9% of it arrived as cash

Total return, distributions reinvested

Not measured

HYBL over 1 year: paid 6.9%, price −3.4%, total +3.5%, not measured against a benchmark. Data to Nov 4, 2026.

HYBL

+3.5%

6.9% as cash

6.9% of it arrived as cash. Both charts share one scale, with zero at the line. HYBL over 1 year: paid 6.9%, price −3.4%, total +3.5%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

HYBI costs 0.02 points a year less; their one-year returns differ by 0.5 points; HYBL is 2.7 times larger.

Points (pts) are percentage points.

HYBI vs HYBL: Dividend Yield & Total Return
Measure	HYBI	HYBL
Paid and earned
Measure	HYBI	HYBL
Total return, 1 year	+4.0%	+3.5%
Price change, 1 year	fell 4.0%	fell 3.4%
Return of capital, issuer estimate	66% of the Oct 16, 2026 payment
Against its benchmark
Measure	HYBI	HYBL
Benchmark	State Street SPDR Bloomberg High Yield Bond ETF, measured through JNK	not published
Cost and size
Measure	HYBI	HYBL
Expense ratio	0.68%	0.70%
Net assets, as of Oct 28, 2026	$218m	$587m
Holdings
Measure	HYBI	HYBL
Holdings in common	0%

Method

Risk and return

Oct 11, 2024 to Oct 30, 2026 · 107 weekly returns

HYBI HYBL

Return

Total return edge HYBL +9.2% +10.9%

Annualized edge HYBL +4.4% +5.1%

Price return edge HYBL −8.2% −3.9%

Risk

Volatility edge HYBL (slight) 3.6% 3.3%

Max drawdown edge HYBL −4.0% −3.4%

Risk-adjusted

Sharpe edge HYBL 0.08 0.31

Sortino edge HYBL 0.11 0.41

Calmar edge HYBL 1.10 1.51

Reading

From Oct 2024 to Oct 2026, HYBL returned more: +10.9% to +9.2%. HYBL swung slightly less: 3.3% to 3.6%. HYBL fell less at its worst: −3.4% to −4.0%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: HYBI vs HYBL: Dividend Yield & Total Return
Measure	HYBI	HYBL	Edge	How it is measured
Return
Total return	+9.2%	+10.9%	HYBL	Price change plus distributions, reinvested.
Annualized	+4.4%	+5.1%	HYBL	Total return as a yearly rate.
Price return	−8.2%	−3.9%	HYBL	Price change alone, distributions left out.
Risk
Volatility	3.6%	3.3%	HYBL (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	2.8%	2.5%	HYBL (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−4.0%	−3.4%	HYBL	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.08	0.31	HYBL	Return above Treasury bills per unit of volatility.
Sortino	0.11	0.41	HYBL	Return above Treasury bills per unit of downside deviation.
Calmar	1.10	1.51	HYBL	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 107 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, HYBI and HYBL hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first HYBI HYBL

Only in one fund ↓

Only in HYBI

State Street SPDR Portfolio High Yield Bond Index ETF 24.84%

SPXW US 11/12/26 P6950 0.03%

SPXW US 11/12/26 P7000 0.03%

SPXW US 11/12/26 P6850 0.02%

SPXW US 11/12/26 P7175 -0.06%

SPXW US 11/12/26 P7250 -0.08%

SPXW US 11/12/26 P7310 -0.10%

Only in HYBL

Finastra USA Inc aka Misys/Almonde Inc. 09/15/2032 0.98%

State Street Blackstone Senior Loan ETF 0.98%

Nissan Motor Co Ltd 4.81% 09/17/2030 0.88%

Neptune Bidco US Inc aka Nielsen/Nielsen Holdings 02/03/2033 0.80%

McAfee Corp 03/01/2029 0.80%

Sword Purchaser LLC aka Sealed Air 04/09/2033 0.78%

Michaels Cos Inc/The 03/15/2033 0.75%

Hopper Merger Sub Inc aka Hologic 04/07/2033 0.75%

Check overlap with more funds →

Side by side

HYBI NEOS Enhanced Income Credit Select ETF · Sells put spreads on the S&P 500, measured against the Bloomberg U.S. Corporate High Yield Index, paying monthly HYBL State Street Blackstone High Income ETF · Income from senior loans and bonds, paying monthly

Issuer NEOS State Street

Strategy put-selling overlay income from senior loans and bonds

Benchmark State Street SPDR Bloomberg High Yield Bond ETF (JNK) none

Pays monthly monthly

Payout rate, annualized 8.1% 7.4%

Expense ratio 0.68% 0.70%

Cash paid, 1 year 8.0% 6.9%

Price change, 1 year −4.0% −3.4%

Total return, 1 year +4.0% +3.5%

Benchmark return, 1 year +2.9% not published

Ahead or behind +1.1 pts not available

Return of capital, latest estimate 66% not published

Age 2.1 years 4.7 years

Net assets, HYBI as of Oct 28, 2026 and HYBL as of Nov 3, 2026 $218m $584m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: HYBI vs HYBL: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	HYBI	HYBL	HYBI	HYBL	HYBI	HYBL
3 months	−0.1%	−0.1%	2.0%	1.8%	+1.0 pts	not measured
6 months	+0.5%	+0.9%	4.0%	3.5%	+0.9 pts	not measured
1 year	+4.0%	+3.5%	8.0%	6.9%	+1.1 pts	not measured
3 years	–	+24.7%	–	23.1%	–	not measured
Since launchNot the same days: HYBI Sep 2024 · HYBL Feb 2022	+8.9%	+27.8%	16.6%	31.7%	−0.9 pts	not measured

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Client brief:

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Alert

About each fund

HYBI

Over the year to Nov 4, 2026, HYBI paid 8.0% of its starting value in cash distributions while its price fell 4.0%. With every distribution reinvested, the fund returned +4.0%. State Street SPDR Bloomberg High Yield Bond ETF (JNK) returned +2.9% over the same days, so a holder was ahead by 1.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.1%, paid monthly. NEOS estimates that 66% of the distribution paid Oct 16, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

HYBL

Over the year to Nov 4, 2026, HYBL paid 6.9% of its starting value in cash distributions while its price fell 3.4%. With every distribution reinvested, the fund returned +3.5%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.4%, paid monthly.

Questions people ask

Which paid more, HYBI or HYBL?: Over the year to Nov 4, 2026, HYBI paid 8.0% of its starting price in cash and HYBL paid 6.9%, so HYBI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, HYBI or HYBL?: With every distribution reinvested, HYBI returned +4.0% and HYBL +3.5% over the year to Nov 4, 2026.
Which is cheaper, HYBI or HYBL?: HYBI charges 0.68% a year and HYBL charges 0.70%, so HYBI is cheaper. Fees come from each fund's prospectus.

Other comparisons

HYBI vs HYGW HYBI vs HYTI HYBI vs LQDM HYBI vs HYGM HYBL vs HYGW HYBL vs HYTI HYBL vs LQDM HYBL vs HYGM

Where to next

State Street SPDR Bloomberg High Yield Bond ETF (JNK) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →HYBI on its own →HYBL on its own →HYBI dividend history →HYBI holdings →HYBL dividend history →HYBL holdings →Method →Standards and sources →

Sources and dates

HYBI filings on SEC EDGAR ↗

HYBI prospectus with the expense ratio (SEC) ↗

HYBI 19a-1 distribution notice ↗

NEOS page for HYBI ↗

HYBL filings on SEC EDGAR ↗

HYBL prospectus with the expense ratio (SEC) ↗

State Street website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, HYBI against HYBL, data as of Nov 4, 2026. https://etfiq.com/compare/income/hybi-vs-hybl

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.