Data as of .
HYBL vs TLTI: which paid, and which earned it?
Over the year HYBL paid 6.8% of its price in cash against TLTI’s 6.4%, and 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 TLTI hold 0% of their money in the same securities at the same weight.
| Only in HYBL | Only in TLTI |
|---|---|
| Discovery Global Holdings Inc aka Warner 1.30% | United States Treasury Note/Bond 100.00% |
| Hopper Merger Sub Inc aka Hologic 04/07/ 0.98% | |
| McAfee Corp 03/01/2029 0.96% | |
| Rocket Software, Inc. 11/28/2028 0.96% | |
| State Street Blackstone Senior Loan ETF 0.95% | |
| Finastra USA Inc aka Misys/Almonde Inc. 0.94% | |
| UKG Inc aka Ultimate Kronos/UKG 02/10/20 0.92% | |
| athenahealth Group Inc. aka Minerva Merg 0.91% |
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 17, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| HYBL | TLTI | HYBL | TLTI | HYBL | TLTI | |
| 3 months | +1.1% | −4.7% | 1.7% | 1.5% | +1.5 pts | +0.5 pts |
| 6 months | +4.3% | −2.0% | 3.5% | 3.0% | +1.7 pts | +1.1 pts |
| 1 year | +4.2% | −2.9% | 6.8% | 6.4% | +1.6 pts | +1.9 pts |
| 3 years | +25.9% | not published | 23.1% | not published | −0.1 pts | not published |
| Since launch | +28.4% | −2.9% | 30.6% | 10.6% | +4.8 pts | +1.8 pts |
| HYBL State Street(R) Blackstone High Income ETF Option income on HYG, paying monthly | TLTI NEOS Enhanced Income 20+ Year Treasury Bond ETF Covered call on TLT, paying monthly | |
|---|---|---|
| Issuer | State Street | NEOS |
| Strategy | option income | covered call |
| Benchmark | US high yield bonds (HYG), used as the proxy | 20+ Year Treasury (TLT) |
| Pays | monthly | monthly |
| Payout rate, annualized | 7.2% | 6.3% |
| Expense ratio | 0.70% | not published |
| Cash paid, 1 year | 6.8% | 6.4% |
| Price change, 1 year | −2.8% | −9.1% |
| Total return, 1 year | +4.2% | −2.9% |
| Benchmark return, 1 year | +2.6% | −4.7% |
| Ahead or behind | +1.6 pts | +1.9 pts |
| Return of capital, latest estimate | not published | 35% |
| Age | 1674 days | 646 days |
| Net assets | $579m | $17m |
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.
TLTI in plain words
Over the year to Sep 18, 2026, TLTI paid 6.4% of its starting value in cash distributions while its price fell 9.1%. With every distribution reinvested, the fund returned −2.9%. 20+ Year Treasury (TLT) returned −4.7% over the same days, so a holder was ahead by 1.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 6.3%, paid monthly. NEOS estimates that 35% 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).
Questions people ask
- Which paid more, HYBL or TLTI?
- Over the year to Sep 18, 2026, HYBL paid 6.8% of its starting price in cash and TLTI paid 6.4%, so HYBL 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 TLTI?
- With every distribution reinvested, HYBL returned +4.2% and TLTI returned −2.9% over the year to Sep 18, 2026, so HYBL returned more.
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 TLTI, data as of Sep 18, 2026. https://etfiq.com/compare/income/hybl-vs-tlti Free to use with attribution; the underlying files are at Open data.