Data as of .
HYBL vs LQDW: which paid, and which earned it?
Over the year LQDW paid 10.6% of its price in cash against HYBL’s 6.8%, though HYBL returned more with it reinvested.
ETFIQ Return Stability Score: HYBL scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, HYBL and LQDW hold 0% of their money in the same securities at the same weight.
| Only in HYBL | Only in LQDW |
|---|---|
| Discovery Global Holdings Inc aka Warner 1.30% | BLK CSH FND TREASURY SL AGENCY 1.08% |
| Hopper Merger Sub Inc aka Hologic 04/07/ 0.98% | ANHEUSER-BUSCH COMPANIES LLC 0.20% |
| McAfee Corp 03/01/2029 0.96% | CVS HEALTH CORP 0.18% |
| Rocket Software, Inc. 11/28/2028 0.96% | T-MOBILE USA INC 0.18% |
| State Street Blackstone Senior Loan ETF 0.95% | SPACE EXPLORATION TECHNOLOGIES COR 144A 0.17% |
| Finastra USA Inc aka Misys/Almonde Inc. 0.94% | GOLDMAN SACHS GROUP INC/THE 0.15% |
| UKG Inc aka Ultimate Kronos/UKG 02/10/20 0.92% | META PLATFORMS INC 0.15% |
| athenahealth Group Inc. aka Minerva Merg 0.91% | PFIZER INVESTMENT ENTERPRISES PTE 0.15% |
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 Sep 17, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| HYBL | LQDW | HYBL | LQDW | HYBL | LQDW | |
| 3 months | +1.1% | −1.6% | 1.7% | 2.3% | +1.5 pts | +1.2 pts |
| 6 months | +4.3% | +1.3% | 3.5% | 5.0% | +1.7 pts | +1.9 pts |
| 1 year | +4.2% | +1.8% | 6.8% | 10.6% | +1.6 pts | +3.8 pts |
| 3 years | +25.9% | +10.8% | 23.1% | 36.3% | −0.1 pts | −4.1 pts |
| Since launch | +28.4% | +8.7% | 30.6% | 46.4% | +4.8 pts | −4.0 pts |
| HYBL State Street(R) Blackstone High Income ETF Option income on HYG, paying monthly | LQDW iShares Investment Grade Corporate Bond BuyWrite Strategy ETF Covered call on LQD, paying monthly | |
|---|---|---|
| Issuer | State Street | iShares |
| Strategy | option income | covered call |
| Benchmark | US high yield bonds (HYG), used as the proxy | US investment grade bonds (LQD) |
| Pays | monthly | monthly |
| Payout rate, annualized | 7.2% | 8.1% |
| Expense ratio | 0.70% | 0.34% |
| Cash paid, 1 year | 6.8% | 10.6% |
| Price change, 1 year | −2.8% | −8.8% |
| Total return, 1 year | +4.2% | +1.8% |
| Benchmark return, 1 year | +2.6% | −2.0% |
| Ahead or behind | +1.6 pts | +3.8 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1674 days | 1488 days |
| Net assets | $579m | $318m |
HYBL in plain words
Over the year to Sep 18, 2026, HYBL paid 6.8% of its starting value in cash distributions while its price fell 2.8%. With every distribution reinvested, the fund returned +4.2%. US high yield bonds (HYG), used as the proxy returned +2.6% over the same days, so a holder was ahead by 1.6 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.2%, paid monthly.
LQDW in plain words
Over the year to Sep 18, 2026, LQDW paid 10.6% of its starting value in cash distributions while its price fell 8.8%. With every distribution reinvested, the fund returned +1.8%. US investment grade bonds (LQD) returned −2.0% over the same days, so a holder was ahead by 3.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.1%, paid monthly.
Questions people ask
- Which paid more, HYBL or LQDW?
- Over the year to Sep 18, 2026, HYBL paid 6.8% of its starting price in cash and LQDW paid 10.6%, so LQDW paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, HYBL or LQDW?
- With every distribution reinvested, HYBL returned +4.2% and LQDW returned +1.8% over the year to Sep 18, 2026, so HYBL returned more.
- Which is cheaper, HYBL or LQDW?
- HYBL charges 0.70% a year and LQDW charges 0.34%, so LQDW is cheaper. Fees come from each fund's prospectus.
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, HYBL against LQDW, data as of Sep 18, 2026. https://etfiq.com/compare/income/hybl-vs-lqdw Free to use with attribution; the underlying files are at Open data.