Data as of .
HYBI vs TSYW: which paid, and which earned it?
HYBI and TSYW both write options for income.
What they hold in common
By the books each fund has filed, HYBI and TSYW hold 0% of their money in the same securities at the same weight.
| Only in HYBI | Only in TSYW |
|---|---|
| United States Treasury Bill 12/01/2026 73.64% | TREASURY BILL 100.00% |
| State Street SPDR Portfolio High Yield Bond ETF 13.20% | |
| Xtrackers USD High Yield Corporate Bond ETF 13.20% | |
| SPXW US 10/01/26 P6800 0.01% | |
| SPXW US 10/01/26 P6875 0.01% | |
| SPXW US 10/01/26 P6950 0.01% | |
| SPXW US 10/01/26 P7100 -0.02% | |
| SPXW US 10/01/26 P7180 -0.02% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| HYBI | TSYW | HYBI | TSYW | HYBI | TSYW | |
| 3 months | −0.1% | −7.1% | 2.0% | 2.8% | +0.3 pts | −1.9 pts |
| 6 months | +1.9% | −5.7% | 4.0% | 6.1% | −0.6 pts | −2.5 pts |
| 1 year | +3.2% | not published | 8.6% | not published | +0.6 pts | not published |
| Since launch | +8.4% | −9.8% | 16.0% | 9.6% | −1.6 pts | −4.2 pts |
| HYBI NEOS Enhanced Income Credit Select ETF Covered call on HYG, paying monthly | TSYW Roundhill Treasury Bond WeeklyPay ETF Option income on TLT, paying weekly | |
|---|---|---|
| Issuer | NEOS | Roundhill |
| Strategy | covered call | option income |
| Benchmark | US high yield bonds (HYG), used as the proxy | 20+ Year Treasury (TLT) |
| Pays | monthly | weekly |
| Payout rate, annualized | 8.2% | 12.4% |
| Expense ratio | not published | 0.99% |
| Cash paid, 1 year | 8.6% | 9.6% (since launch on Nov 13, 2025) |
| Price change, 1 year | −5.5% | −18.8% |
| Total return, 1 year | +3.2% | −9.8% (since launch on Nov 13, 2025) |
| Benchmark return, 1 year | +2.6% | −5.6% |
| Ahead or behind | +0.6 pts | −4.2 pts |
| Return of capital, latest estimate | 24% | not published |
| Age | 718 days | 309 days |
| Net assets | $222m | $3m |
HYBI in plain words
Over the year to Sep 18, 2026, HYBI paid 8.6% of its starting value in cash distributions while its price fell 5.5%. With every distribution reinvested, the fund returned +3.2%. US high yield bonds (HYG), used as the proxy returned +2.6% over the same days, so a holder was ahead by 0.6 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.2%, paid monthly. NEOS estimates that 24% of the distribution paid Sep 11, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
TSYW in plain words
Over the period since launch on Nov 13, 2025 to Sep 18, 2026, TSYW paid 9.6% of its starting value in cash distributions while its price fell 18.8%. With every distribution reinvested, the fund returned −9.8%. 20+ Year Treasury (TLT) returned −5.6% over the same days, so a holder was behind by 4.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 12.4%, paid weekly.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, HYBI against TSYW, data as of Sep 18, 2026. https://etfiq.com/compare/income/hybi-vs-tsyw Free to use with attribution; the underlying files are at Open data.