Which is cheaper, HYBL or TSYW?

HYBL charges 0.70% a year and TSYW charges 0.99%, so HYBL is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

HYBL vs TSYW: Dividend Yield & Total Return

HYBL and TSYW both write options for income.

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Net assets: $584m on Nov 3, 2026 for State Street Blackstone High Income ETF, and $2.8m on Nov 4, 2026 for Roundhill Treasury Bond WeeklyPay ETF.

HYBL on its own →TSYW on its own →

At a glance

6.9%

HYBL cash paid, 1 year

11.2%

TSYW cash paid, since launch, Nov 13, 2025

+3.5%

HYBL total return, 1 year

−8.7%

TSYW total return, since launch, Nov 13, 2025

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% 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.

TSYW · since launch to Nov 4, 2026 4.5 pts behind TLT

TSYW

−8.7%

TLT

−4.2%

4.5 pts behind TLT

TSYW since launch: paid 11.2%, price −19.4%, total −8.7%, TLT −4.2%, −4.5 pts. Data to Nov 4, 2026.

TLT

−4.2%

TSYW

−8.7%

4.5 pts behind TLT

Total return, distributions reinvested

4.5 pts behind TLT

TSYW since launch: paid 11.2%, price −19.4%, total −8.7%, TLT −4.2%, −4.5 pts. Data to Nov 4, 2026.

TLT

−4.2%

TSYW

−8.7%

4.5 pts behind TLT

11.2% of it arrived as cash. Both charts share one scale, with zero at the line. TSYW since launch: paid 11.2%, price −19.4%, total −8.7%, TLT −4.2%, −4.5 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

HYBL costs 0.29 points a year less; HYBL is far larger, $584m against $2.8m.

Points (pts) are percentage points.

HYBL vs TSYW: Dividend Yield & Total Return
Measure	HYBL	TSYW
Paid and earned
Measure	HYBL	TSYW
Total return, 1 year	+3.5%	not published
Price change	fell 3.4% (1 year)	fell 19.4% (since Nov 13, 2025)
Against its benchmark
Measure	HYBL	TSYW
Benchmark	not published	20+ Year Treasury, measured through TLT
Cost and size
Measure	HYBL	TSYW
Expense ratio	0.70%	0.99%
Net assets, as of Nov 3, 2026	$584m	$2.8m
Holdings
Measure	HYBL	TSYW
Holdings in common	0%

Method

What they share

By the books each fund has filed, HYBL and TSYW hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first HYBL TSYW

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 TSYW

Check overlap with more funds →

Side by side

HYBL State Street Blackstone High Income ETF · Income from senior loans and bonds, paying monthly TSYW Roundhill Treasury Bond WeeklyPay ETF · Option income on TLT, paying weekly

Issuer State Street Roundhill

Strategy income from senior loans and bonds option income

Benchmark none 20+ Year Treasury (TLT)

Pays monthly weekly

Payout rate, annualized 7.4% 18.5%

Expense ratio 0.70% 0.99%

Cash paid, 1 year 6.9% 11.2% (since launch, Nov 13, 2025)

Price change, 1 year −3.4% −19.4% (since launch, Nov 13, 2025)

Total return, 1 year +3.5% −8.7% (since launch, Nov 13, 2025)

Benchmark return, 1 year not published −4.2% (since launch, Nov 13, 2025)

Ahead or behind not available −4.5 pts (since launch, Nov 13, 2025)

Return of capital, latest estimate not published 100%

Age 4.7 years 356 days

Net assets, HYBL as of Nov 3, 2026 and TSYW as of Nov 4, 2026 $584m $2.8m

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 TSYW: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	HYBL	TSYW	HYBL	TSYW	HYBL	TSYW
3 months	−0.1%	−1.2%	1.8%	3.3%	not measured	−0.9 pts
6 months	+0.9%	−5.2%	3.5%	5.9%	not measured	−2.4 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 · TSYW Nov 2025	+27.8%	−8.7%	31.7%	11.2%	not measured	−4.4 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.

TSYW

Over the period from its first trade on Nov 13, 2025 to Nov 4, 2026, TSYW paid 11.2% of its starting value in cash distributions while its price fell 19.4%. With every distribution reinvested, the fund returned −8.7%. 20+ Year Treasury (TLT) returned −4.2% over the same days, so a holder was behind by 4.5 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 18.5%, paid weekly. Roundhill estimates that 100% of the distribution paid Nov 3, 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 TSYW?: HYBL charges 0.70% a year and TSYW charges 0.99%, so HYBL is cheaper. Fees come from each fund's prospectus.

Other comparisons

HYBL vs TLTW HYBL vs FIYY HYBL vs LTTI HYBL vs TLTP TSYW vs HYGW TSYW vs HYTI TSYW vs LQDM TSYW vs HYGM

Where to next

20+ Year Treasury (TLT) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →HYBL on its own →TSYW on its own →HYBL dividend history →HYBL holdings →TSYW dividend history →Method →Standards and sources →

Sources and dates

HYBL filings on SEC EDGAR ↗

HYBL prospectus with the expense ratio (SEC) ↗

State Street website ↗

TSYW filings on SEC EDGAR ↗

TSYW prospectus with the expense ratio (SEC) ↗

TSYW 19a-1 distribution notice ↗

Roundhill page for TSYW ↗

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

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