Data as of Nov 4, 2026.
HYBL vs HYGW: Dividend Yield & Total Return
Over the year to Nov 4, 2026, HYGW paid 10.5% of its price in cash against HYBL’s 6.9% and the two finished level on total return.
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Net assets: $584m on Nov 3, 2026 for State Street Blackstone High Income ETF, and $109m on Nov 4, 2026 for iShares HYG Premium Income+ ETF.
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. Total return, distributions reinvested. 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, 2026.1.3 pts ahead of HYG
HYGW over 1 year: paid 10.5%, price −6.8%, total +3.9%, HYG +2.6%, +1.3 pts. Data to Nov 4, 2026.
HYG
+2.6%
HYGW
+3.9%
10.5% of it arrived as cash
1.3 pts ahead of HYG
Total return, distributions reinvested
1.3 pts ahead of HYG
HYGW over 1 year: paid 10.5%, price −6.8%, total +3.9%, HYG +2.6%, +1.3 pts. Data to Nov 4, 2026.
HYG
+2.6%
HYGW
+3.9%
10.5% as cash
1.3 pts ahead of HYG
10.5% of it arrived as cash. Both charts share one scale, with zero at the line. HYGW over 1 year: paid 10.5%, price −6.8%, total +3.9%, HYG +2.6%, +1.3 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
HYGW costs 0.01 points a year less; their one-year returns differ by 0.4 points; HYBL is 5.4 times larger.
Points (pts) are percentage points.
| Measure | HYBL | HYGW |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +3.5% | +3.9% |
| Price change, 1 year | fell 3.4% | fell 6.8% |
| Return of capital, issuer estimate | 64% of the Oct 7, 2026 payment | |
| Against its benchmark | ||
| Benchmark | not published | US high yield bonds, measured through HYG |
| Cost and size | ||
| Expense ratio | 0.70% | 0.69% |
| Net assets, as of Nov 3, 2026 | $584m | $108m |
| Holdings | ||
| Holdings in common | 0% | |
Risk and return
Sep 2, 2022 to Oct 30, 2026 · 217 weekly returnsFrom Sep 2022 to Oct 2026, HYBL returned more: +33.8% to +26.3%. HYBL and HYGW swung about the same: 3.9% and 3.9%. HYBL and HYGW fell about the same at their worst: −4.4% and −4.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | HYBL | HYGW | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +33.8% | +26.3% | HYBL | Price change plus distributions, reinvested. |
| Annualized | +7.2% | +5.8% | HYBL | Total return as a yearly rate. |
| Price return | −1.5% | −26.6% | HYBL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 3.9% | 3.9% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 2.7% | 2.9% | HYBL (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −4.4% | −4.4% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.64 | 0.29 | HYBL | Return above Treasury bills per unit of volatility. |
| Sortino | 0.94 | 0.40 | HYBL | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.65 | 1.32 | HYBL | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 217 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, HYBL and HYGW 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 | HYBL | HYGW | HYBL | HYGW | HYBL | HYGW |
| 3 months | −0.1% | −0.3% | 1.8% | 3.0% | not measured | +0.7 pts |
| 6 months | +0.9% | +1.1% | 3.5% | 5.1% | not measured | +1.5 pts |
| 1 year | +3.5% | +3.9% | 6.9% | 10.5% | not measured | +1.3 pts |
| 3 years | +24.7% | +19.1% | 23.1% | 33.2% | not measured | −5.3 pts |
| Since launchNot the same days: HYBL Feb 2022 · HYGW Aug 2022 | +27.8% | +24.8% | 31.7% | 47.7% | not measured | −6.1 pts |
Client brief:
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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.
HYGW
Over the year to Nov 4, 2026, HYGW paid 10.5% of its starting value in cash distributions while its price fell 6.8%. With every distribution reinvested, the fund returned +3.9%. US high yield bonds (HYG) returned +2.6% over the same days, so a holder was ahead by 1.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 13.8%, paid monthly. iShares estimates that 64% of the distribution paid Oct 7, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
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.
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ETFIQ, HYBL against HYGW, data as of Nov 4, 2026. https://etfiq.com/compare/income/hybl-vs-hygw
ETFIQ. (Nov 4, 2026). HYBL against HYGW. Retrieved from https://etfiq.com/compare/income/hybl-vs-hygw
[HYBL against HYGW (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/hybl-vs-hygw)
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