Data as of Nov 4, 2026.
HYBI vs LQDW: Dividend Yield & Total Return
Over the year to Nov 4, 2026, LQDW paid 11.3% of its price in cash against HYBI’s 8.0%, though HYBI returned more with it reinvested.
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Net assets: $218m on Oct 28, 2026 for NEOS Enhanced Income Credit Select ETF, and $348m on Nov 3, 2026 for iShares LQD Premium Income+ ETF.
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, 2026.3.5 pts ahead of LQD
LQDW over 1 year: paid 11.3%, price −9.0%, total +2.4%, LQD −1.1%, +3.5 pts. Data to Nov 4, 2026.
LQD
−1.1%
LQDW
+2.4%
11.3% of it arrived as cash
3.5 pts ahead of LQD
Total return, distributions reinvested
3.5 pts ahead of LQD
LQDW over 1 year: paid 11.3%, price −9.0%, total +2.4%, LQD −1.1%, +3.5 pts. Data to Nov 4, 2026.
LQD
−1.1%
LQDW
+2.4%
3.5 pts ahead of LQD
11.3% of it arrived as cash. Both charts share one scale, with zero at the line. LQDW over 1 year: paid 11.3%, price −9.0%, total +2.4%, LQD −1.1%, +3.5 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
LQDW costs 0.34 points a year less; their one-year returns differ by 1.6 points; LQDW is 1.6 times larger.
Points (pts) are percentage points.
| Measure | HYBI | LQDW |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +4.0% | +2.4% |
| Price change, 1 year | fell 4.0% | fell 9.0% |
| Return of capital, issuer estimate | 66% of the Oct 16, 2026 payment | 64% of the Oct 7, 2026 payment |
| Against its benchmark | ||
| Benchmark | State Street SPDR Bloomberg High Yield Bond ETF, measured through JNK | US investment grade bonds, measured through LQD |
| Cost and size | ||
| Expense ratio | 0.68% | 0.34% |
| Net assets, as of Oct 28, 2026 | $218m | $353m |
| Holdings | ||
| Holdings in common | 0% | |
How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed
One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →
Risk and return
Oct 11, 2024 to Oct 30, 2026 · 107 weekly returnsEach against its own benchmark: HYBI against JNK, Oct 11, 2024 to Oct 30, 2026; LQDW against LQD, Sep 2, 2022 to Oct 30, 2026.
From Oct 2024 to Oct 2026, HYBI returned slightly more: +9.2% to +8.7%. HYBI swung less: 3.6% to 4.5%. LQDW fell less at its worst: −3.4% to −4.0%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | HYBI | LQDW | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +9.2% | +8.7% | HYBI (slight) | Price change plus distributions, reinvested. |
| Annualized | +4.4% | +4.1% | HYBI (slight) | Total return as a yearly rate. |
| Price return | −8.2% | −17.5% | HYBI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 3.6% | 4.5% | HYBI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 2.8% | 3.5% | HYBI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −4.0% | −3.4% | LQDW | Deepest fall from a high to the low after it. |
| Upside capture | 80.3% | 54.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 78.0% | 61.8% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.76 | 0.58 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.83 | 0.74 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.08 | 0.03 | HYBI | Return above Treasury bills per unit of volatility. |
| Sortino | 0.11 | 0.03 | HYBI | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.004 | −0.031 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.10 | 1.24 | LQDW | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | JNK | LQD | The ETF each fund is measured against. | |
| Alpha | −0.1% a year | −1.3% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.09 | −0.97 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −2.1% to +2.0% | −3.9% to +1.3% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.12 | −0.21 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.8% | 4.3% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
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 LQDW hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | HYBI | LQDW | HYBI | LQDW | HYBI | LQDW |
| 3 months | −0.1% | +0.3% | 2.0% | 3.6% | +1.0 pts | +1.2 pts |
| 6 months | +0.5% | +0.4% | 4.0% | 5.9% | +0.9 pts | +2.3 pts |
| 1 year | +4.0% | +2.4% | 8.0% | 11.3% | +1.1 pts | +3.5 pts |
| 3 years | – | +15.7% | – | 38.0% | – | −1.7 pts |
| Since launchNot the same days: HYBI Sep 2024 · LQDW Aug 2022 | +8.9% | +10.2% | 16.6% | 48.1% | −0.9 pts | −3.2 pts |
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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.
LQDW
Over the year to Nov 4, 2026, LQDW paid 11.3% of its starting value in cash distributions while its price fell 9.0%. With every distribution reinvested, the fund returned +2.4%. US investment grade bonds (LQD) returned −1.1% over the same days, so a holder was ahead by 3.5 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 16.5%, paid monthly. iShares estimates that 64% of the distribution paid Oct 7, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, HYBI against LQDW, data as of Nov 4, 2026. https://etfiq.com/compare/income/hybi-vs-lqdw
ETFIQ. (Nov 4, 2026). HYBI against LQDW. Retrieved from https://etfiq.com/compare/income/hybi-vs-lqdw
[HYBI against LQDW (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/hybi-vs-lqdw)
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