Which paid more, HYBL or TLTX?

Over the year to Nov 4, 2026, HYBL paid 6.9% of its starting price in cash and TLTX paid 15.0%, so TLTX 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 TLTX?

With every distribution reinvested, HYBL returned +3.5% and TLTX −4.3% over the year to Nov 4, 2026.

Which is cheaper, HYBL or TLTX?

HYBL charges 0.70% a year and TLTX charges 0.29%, so TLTX is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

HYBL vs TLTX: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, TLTX paid 15.0% of its price in cash against HYBL’s 6.9%, though HYBL returned more with it reinvested.

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Net assets: $584m on Nov 3, 2026 for State Street Blackstone High Income ETF, and $17m on Oct 12, 2026 for Global X Treasury Bond Enhanced Income ETF.

HYBL on its own →TLTX on its own →

At a glance

6.9%

HYBL cash paid, 1 year

15.0%

TLTX cash paid, 1 year

+3.5%

HYBL total return, 1 year

−4.3%

TLTX total return, 1 year

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% 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.

TLTX · 1 year to Nov 4, 2026 Not measured

TLTX

−4.3%

none

Not measured

TLTX over 1 year: paid 15.0%, price −19.0%, total −4.3%, not measured against a benchmark. Data to Nov 4, 2026.

TLTX

−4.3%

Total return, distributions reinvested

Not measured

TLTX over 1 year: paid 15.0%, price −19.0%, total −4.3%, not measured against a benchmark. Data to Nov 4, 2026.

TLTX

−4.3%

15.0% of it arrived as cash. Both charts share one scale, with zero at the line. TLTX over 1 year: paid 15.0%, price −19.0%, total −4.3%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

TLTX costs 0.41 points a year less; their one-year returns differ by 7.8 points; HYBL is far larger, $565m against $17m.

HYBL vs TLTX: Dividend Yield & Total Return
Measure	HYBL	TLTX
Paid and earned
Measure	HYBL	TLTX
Total return, 1 year	+3.5%	−4.3%
Price change, 1 year	fell 3.4%	fell 19.0%
Return of capital, issuer estimate		71% of the Sep 24, 2026 payment
Cost and size
Measure	HYBL	TLTX
Expense ratio	0.70%	0.29%
Net assets, as of Oct 12, 2026	$565m	$17m
Holdings
Measure	HYBL	TLTX
Holdings in common	0%

Method

What they share

By the books each fund has filed, HYBL and TLTX hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first HYBL TLTX

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 TLTX

Global X Long-Term Treasury Ladder ETF 41.05%

United States of America 9.28%

United States of America 8.42%

United States of America 7.19%

United States of America 6.34%

United States of America 5.90%

United States of America 4.22%

United States of America 3.93%

Check overlap with more funds →

Side by side

HYBL State Street Blackstone High Income ETF · Income from senior loans and bonds, paying monthly TLTX Global X Treasury Bond Enhanced Income ETF · Covered call, paying monthly

Issuer State Street Global X

Strategy income from senior loans and bonds covered call

Benchmark none none

Pays monthly monthly

Payout rate, annualized 7.4% 18.1%

Expense ratio 0.70% 0.29%

Cash paid, 1 year 6.9% 15.0%

Price change, 1 year −3.4% −19.0%

Total return, 1 year +3.5% −4.3%

Benchmark return, 1 year not published not published

Ahead or behind not available not available

Return of capital, latest estimate not published 71%

Age 4.7 years 1.3 years

Net assets, HYBL as of Nov 3, 2026 and TLTX as of Oct 12, 2026 $584m $17m

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 TLTX: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	HYBL	TLTX	HYBL	TLTX	HYBL	TLTX
3 months	−0.1%	+0.5%	1.8%	4.2%	not measured	not measured
6 months	+0.9%	−2.4%	3.5%	7.7%	not measured	not measured
1 year	+3.5%	−4.3%	6.9%	15.0%	not measured	not measured
3 years	+24.7%	–	23.1%	–	not measured	–
Since launchNot the same days: HYBL Feb 2022 · TLTX Jul 2025	+27.8%	+3.2%	31.7%	20.3%	not measured	not measured

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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.

TLTX

Over the year to Nov 4, 2026, TLTX paid 15.0% of its starting value in cash distributions while its price fell 19.0%. With every distribution reinvested, the fund returned −4.3%. At its price on Nov 4, 2026 the latest distribution annualizes to 18.1%, paid monthly. Global X estimates that 71% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which paid more, HYBL or TLTX?: Over the year to Nov 4, 2026, HYBL paid 6.9% of its starting price in cash and TLTX paid 15.0%, so TLTX 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 TLTX?: With every distribution reinvested, HYBL returned +3.5% and TLTX −4.3% over the year to Nov 4, 2026.
Which is cheaper, HYBL or TLTX?: HYBL charges 0.70% a year and TLTX charges 0.29%, so TLTX is cheaper. Fees come from each fund's prospectus.

Other comparisons

HYBL vs HYGM HYBL vs CSHI HYBL vs HYTI HYBL vs HYGW TLTX vs HYGM TLTX vs BUCK TLTX vs CSHI TLTX vs HYGW

Where to next

All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →HYBL on its own →TLTX on its own →HYBL dividend history →HYBL holdings →TLTX dividend history →TLTX holdings →Method →Standards and sources →

Sources and dates

HYBL filings on SEC EDGAR ↗

HYBL prospectus with the expense ratio (SEC) ↗

State Street website ↗

TLTX filings on SEC EDGAR ↗

TLTX prospectus with the expense ratio (SEC) ↗

TLTX 19a-1 distribution notice ↗

Global X page for TLTX ↗

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 TLTX, data as of Nov 4, 2026. https://etfiq.com/compare/income/hybl-vs-tltx

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