Which paid more, HYBI or TLTX?

Over the year to Nov 4, 2026, HYBI paid 8.0% of its starting price in cash and TLTX paid 15.0%, so TLTX 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 TLTX?

With every distribution reinvested, HYBI returned +4.0% and TLTX −4.3% over the year to Nov 4, 2026.

Which is cheaper, HYBI or TLTX?

HYBI charges 0.68% a year and TLTX charges 0.29%, so TLTX is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

HYBI vs TLTX: Dividend Yield & Total Return

Share on X Download as PDF

Over the year to Nov 4, 2026, TLTX paid 15.0% of its price in cash against HYBI’s 8.0%, though HYBI returned more with it reinvested.

askIQ about this page

askIQ about HYBI and TLTX

Net assets: $218m on Oct 28, 2026 for NEOS Enhanced Income Credit Select ETF, and $17m on Oct 12, 2026 for Global X Treasury Bond Enhanced Income ETF.

HYBI on its own →TLTX on its own →

At a glance

8.0%

HYBI cash paid, 1 year

15.0%

TLTX cash paid, 1 year

+4.0%

HYBI total return, 1 year

−4.3%

TLTX 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%

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.

TLTX · 1 year to Nov 4, 2026 Not measured

TLTX

−4.3%

none

Not measured

TLTX over 1 year: paid 15.0%, price −19.0%, total −4.3%, not measured against a benchmark. Data to Nov 4, 2026.

TLTX

−4.3%

Total return, distributions reinvested

Not measured

TLTX over 1 year: paid 15.0%, price −19.0%, total −4.3%, not measured against a benchmark. Data to Nov 4, 2026.

TLTX

−4.3%

15.0% of it arrived as cash. Both charts share one scale, with zero at the line. TLTX over 1 year: paid 15.0%, price −19.0%, total −4.3%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

TLTX costs 0.39 points a year less; their one-year returns differ by 8.3 points; HYBI is 12.9 times larger.

Points (pts) are percentage points.

HYBI vs TLTX: Dividend Yield & Total Return
Measure	HYBI	TLTX
Paid and earned
Measure	HYBI	TLTX
Total return, 1 year	+4.0%	−4.3%
Price change, 1 year	fell 4.0%	fell 19.0%
Return of capital, issuer estimate	66% of the Oct 16, 2026 payment	71% of the Sep 24, 2026 payment
Against its benchmark
Measure	HYBI	TLTX
Benchmark	State Street SPDR Bloomberg High Yield Bond ETF, measured through JNK	not published
Cost and size
Measure	HYBI	TLTX
Expense ratio	0.68%	0.29%
Net assets, as of Oct 12, 2026	$220m	$17m
Holdings
Measure	HYBI	TLTX
Holdings in common	0%

Method

What they share

By the books each fund has filed, HYBI and TLTX hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first HYBI TLTX

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 TLTX

Global X Long-Term Treasury Ladder ETF 41.05%

United States of America 9.28%

United States of America 8.42%

United States of America 7.19%

United States of America 6.34%

United States of America 5.90%

United States of America 4.22%

United States of America 3.93%

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 TLTX Global X Treasury Bond Enhanced Income ETF · Covered call, paying monthly

Issuer NEOS Global X

Strategy put-selling overlay covered call

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

Pays monthly monthly

Payout rate, annualized 8.1% 18.1%

Expense ratio 0.68% 0.29%

Cash paid, 1 year 8.0% 15.0%

Price change, 1 year −4.0% −19.0%

Total return, 1 year +4.0% −4.3%

Benchmark return, 1 year +2.9% not published

Ahead or behind +1.1 pts not available

Return of capital, latest estimate 66% 71%

Age 2.1 years 1.3 years

Net assets, HYBI as of Oct 28, 2026 and TLTX as of Oct 12, 2026 $218m $17m

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 TLTX: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	HYBI	TLTX	HYBI	TLTX	HYBI	TLTX
3 months	−0.1%	+0.5%	2.0%	4.2%	+1.0 pts	not measured
6 months	+0.5%	−2.4%	4.0%	7.7%	+0.9 pts	not measured
1 year	+4.0%	−4.3%	8.0%	15.0%	+1.1 pts	not measured
Since launchNot the same days: HYBI Sep 2024 · TLTX Jul 2025	+8.9%	+3.2%	16.6%	20.3%	−0.9 pts	not measured

Open this comparison in the app →

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.

TLTX

Over the year to Nov 4, 2026, TLTX paid 15.0% of its starting value in cash distributions while its price fell 19.0%. With every distribution reinvested, the fund returned −4.3%. At its price on Nov 4, 2026 the latest distribution annualizes to 18.1%, paid monthly. Global X estimates that 71% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, HYBI or TLTX?: Over the year to Nov 4, 2026, HYBI paid 8.0% of its starting price in cash and TLTX paid 15.0%, so TLTX 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 TLTX?: With every distribution reinvested, HYBI returned +4.0% and TLTX −4.3% over the year to Nov 4, 2026.
Which is cheaper, HYBI or TLTX?: HYBI charges 0.68% a year and TLTX charges 0.29%, so TLTX is cheaper. Fees come from each fund's prospectus.

Other comparisons

HYBI vs HYTI HYBI vs HYGM HYBI vs BUCK HYBI vs HYBL TLTX vs HYBL TLTX vs LQDM TLTX vs HYGM TLTX vs LQTI

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 →TLTX on its own →HYBI dividend history →HYBI holdings →TLTX dividend history →TLTX 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 ↗

TLTX filings on SEC EDGAR ↗

TLTX prospectus with the expense ratio (SEC) ↗

TLTX 19a-1 distribution notice ↗

Global X page for TLTX ↗

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 TLTX, data as of Nov 4, 2026. https://etfiq.com/compare/income/hybi-vs-tltx

Open data →

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