Data as of Nov 4, 2026.
HYBL vs TLTW: Dividend Yield & Total Return
Over the year to Nov 4, 2026, TLTW paid 9.7% of its price in cash against HYBL’s 6.9%, though HYBL returned more with it reinvested.
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Net assets on Nov 3, 2026: $584m for State Street Blackstone High Income ETF and $1.6bn for iShares TLT 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% 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, 2026.4 pts ahead of TLT
TLTW over 1 year: paid 9.7%, price −10.6%, total −0.8%, TLT −4.8%, +4.0 pts. Data to Nov 4, 2026.
TLT
−4.8%
TLTW
−0.8%
4 pts ahead of TLT
Total return, distributions reinvested
4 pts ahead of TLT
TLTW over 1 year: paid 9.7%, price −10.6%, total −0.8%, TLT −4.8%, +4.0 pts. Data to Nov 4, 2026.
TLT
−4.8%
TLTW
−0.8%
4 pts ahead of TLT
9.7% of it arrived as cash. Both charts share one scale, with zero at the line. TLTW over 1 year: paid 9.7%, price −10.6%, total −0.8%, TLT −4.8%, +4.0 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
TLTW costs 0.35 points a year less; their one-year returns differ by 4.3 points; TLTW is 2.7 times larger.
Points (pts) are percentage points.
| Measure | HYBL | TLTW |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +3.5% | −0.8% |
| Price change, 1 year | fell 3.4% | fell 10.6% |
| Return of capital, issuer estimate | 73% of the Oct 7, 2026 payment | |
| Against its benchmark | ||
| Benchmark | not published | 20+ Year Treasury, measured through TLT |
| Against its benchmark, same days | ahead by 4.0 pts | |
| Cost and size | ||
| Expense ratio | 0.70% | 0.35% |
| Net assets, as of Nov 3, 2026 | $584m | $1.6bn |
| 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 −0.9%. HYBL swung less: 3.9% to 11.1%. HYBL fell less at its worst: −4.4% to −16.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | HYBL | TLTW | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +33.8% | −0.9% | HYBL | Price change plus distributions, reinvested. |
| Annualized | +7.2% | −0.2% | HYBL | Total return as a yearly rate. |
| Price return | −1.5% | −45.1% | HYBL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 3.9% | 11.1% | HYBL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 2.7% | 8.6% | HYBL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −4.4% | −16.4% | HYBL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.64 | −0.38 | HYBL | Return above Treasury bills per unit of volatility. |
| Sortino | 0.94 | −0.48 | HYBL | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.65 | −0.01 | 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 TLTW 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 | TLTW | HYBL | TLTW | HYBL | TLTW |
| 3 months | −0.1% | +1.0% | 1.8% | 3.1% | not measured | +1.3 pts |
| 6 months | +0.9% | −0.9% | 3.5% | 5.3% | not measured | +1.8 pts |
| 1 year | +3.5% | −0.8% | 6.9% | 9.7% | not measured | +4.0 pts |
| 3 years | +24.7% | +14.6% | 23.1% | 36.2% | not measured | +8.5 pts |
| Since launchNot the same days: HYBL Feb 2022 · TLTW Aug 2022 | +27.8% | −1.7% | 31.7% | 42.7% | not measured | +12.4 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.
TLTW
Over the year to Nov 4, 2026, TLTW paid 9.7% of its starting value in cash distributions while its price fell 10.6%. With every distribution reinvested, the fund returned −0.8%. 20+ Year Treasury (TLT) returned −4.8% over the same days, so a holder was ahead by 4.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 14.6%, paid monthly. iShares estimates that 73% 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
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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 TLTW, data as of Nov 4, 2026. https://etfiq.com/compare/income/hybl-vs-tltw
ETFIQ. (Nov 4, 2026). HYBL against TLTW. Retrieved from https://etfiq.com/compare/income/hybl-vs-tltw
[HYBL against TLTW (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/hybl-vs-tltw)
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