Which is cheaper, HYBL or LQDM?

HYBL charges 0.70% a year and LQDM charges 0.54%, so LQDM is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

HYBL vs LQDM: Dividend Yield & Total Return

HYBL and LQDM both write options for income.

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Net assets on Nov 3, 2026: $584m for State Street Blackstone High Income ETF and $4.1m for Amplify LQD Investment Grade 12% Target Income ETF.

HYBL on its own →LQDM on its own →

At a glance

6.9%

HYBL cash paid, 1 year

5.8%

LQDM cash paid, since launch, Apr 21, 2026

+3.5%

HYBL total return, 1 year

−1.4%

LQDM total return, since launch, Apr 21, 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. 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.

LQDM · since launch to Nov 4, 2026 0.6 pts ahead of LQD

LQDM

−1.4%

LQD

−2.0%

0.6 pts ahead of LQD

LQDM since launch: paid 5.8%, price −7.2%, total −1.4%, LQD −2.0%, +0.6 pts. Data to Nov 4, 2026.

LQD

−2.0%

LQDM

−1.4%

0.6 pts ahead of LQD

Total return, distributions reinvested

0.6 pts ahead of LQD

LQDM since launch: paid 5.8%, price −7.2%, total −1.4%, LQD −2.0%, +0.6 pts. Data to Nov 4, 2026.

LQD

−2.0%

LQDM

−1.4%

0.6 pts ahead of LQD

5.8% of it arrived as cash. Both charts share one scale, with zero at the line. LQDM since launch: paid 5.8%, price −7.2%, total −1.4%, LQD −2.0%, +0.6 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

LQDM costs 0.16 points a year less; HYBL is far larger, $584m against $4.1m.

Points (pts) are percentage points.

HYBL vs LQDM: Dividend Yield & Total Return
Measure	HYBL	LQDM
Paid and earned
Measure	HYBL	LQDM
Total return, 1 year	+3.5%	not published
Price change	fell 3.4% (1 year)	fell 7.2% (since Apr 21, 2026)
Return of capital, issuer estimate		65% of the Oct 30, 2026 payment
Against its benchmark
Measure	HYBL	LQDM
Benchmark	not published	US investment grade bonds, measured through LQD
Cost and size
Measure	HYBL	LQDM
Expense ratio	0.70%	0.54%
Net assets, as of Nov 3, 2026	$584m	$4.1m
Holdings
Measure	HYBL	LQDM
Holdings in common	0%

Method

What they share

By the books each fund has filed, HYBL and LQDM hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first HYBL LQDM

Only in one fund ↓

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%

Only in LQDM

iShares iBoxx USD Investment Grade Corporate Bond ETF 99.84%

LQD 11/06/2026 104.27 C -0.20%

Check overlap with more funds →

Side by side

HYBL State Street Blackstone High Income ETF · Income from senior loans and bonds, paying monthly LQDM Amplify LQD Investment Grade 12% Target Income ETF · Option income on LQD, paying monthly

Issuer State Street Amplify

Strategy income from senior loans and bonds option income

Benchmark none US investment grade bonds (LQD)

Pays monthly monthly

Payout rate, annualized 7.4% 12.1%

Expense ratio 0.70% 0.54%

Cash paid, 1 year 6.9% 5.8% (since launch, Apr 21, 2026)

Price change, 1 year −3.4% −7.2% (since launch, Apr 21, 2026)

Total return, 1 year +3.5% −1.4% (since launch, Apr 21, 2026)

Benchmark return, 1 year not published −2.0% (since launch, Apr 21, 2026)

Ahead or behind not available +0.6 pts (since launch, Apr 21, 2026)

Return of capital, latest estimate not published 65%

Age 4.7 years 197 days

Net assets, as of Nov 3, 2026 $584m $4.1m

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: HYBL vs LQDM: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	HYBL	LQDM	HYBL	LQDM	HYBL	LQDM
3 months	−0.1%	−0.5%	1.8%	2.9%	not measured	+0.4 pts
6 months	+0.9%	−1.4%	3.5%	5.8%	not measured	+0.6 pts
1 year	+3.5%	–	6.9%	–	not measured	–
3 years	+24.7%	–	23.1%	–	not measured	–
Since launchNot the same days: HYBL Feb 2022 · LQDM Apr 2026	+27.8%	−1.4%	31.7%	5.8%	not measured	+0.6 pts

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Alert

About each fund

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.

LQDM

Over the period from its first trade on Apr 21, 2026 to Nov 4, 2026, LQDM paid 5.8% of its starting value in cash distributions while its price fell 7.2%. With every distribution reinvested, the fund returned −1.4%. US investment grade bonds (LQD) returned −2.0% over the same days, so a holder was ahead by 0.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.1%, paid monthly. Amplify estimates that 65% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, HYBL or LQDM?: HYBL charges 0.70% a year and LQDM charges 0.54%, so LQDM is cheaper. Fees come from each fund's prospectus.

Other comparisons

HYBL vs LQDW HYBL vs LQTI HYBL vs TSYW HYBL vs LTTI LQDM vs LQDW LQDM vs TLTW LQDM vs LQTI LQDM vs TLTX

Where to next

US investment grade bonds (LQD) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →HYBL on its own →LQDM on its own →HYBL dividend history →HYBL holdings →LQDM dividend history →LQDM holdings →Method →Standards and sources →

Sources and dates

HYBL filings on SEC EDGAR ↗

HYBL prospectus with the expense ratio (SEC) ↗

State Street website ↗

LQDM filings on SEC EDGAR ↗

LQDM prospectus with the expense ratio (SEC) ↗

LQDM 19a-1 distribution notice ↗

Amplify page for LQDM ↗

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

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