Which is cheaper, HYGM or TLTW?

HYGM charges 0.79% a year and TLTW charges 0.35%, so TLTW is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

HYGM vs TLTW: Dividend Yield & Total Return

HYGM and TLTW both write options for income.

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Net assets on Nov 3, 2026: $709,071 for Amplify HYG High Yield 10% Target Income ETF and $1.6bn for iShares TLT Premium Income+ ETF.

HYGM on its own →TLTW on its own →

At a glance

4.9%

HYGM cash paid, since launch, Apr 21, 2026

9.7%

TLTW cash paid, 1 year

+0.1%

HYGM total return, since launch, Apr 21, 2026

−0.8%

TLTW total return, 1 year

HYGM · since launch to Nov 4, 2026 About even with HYG

HYGM

+0.1%

HYG

−0.1%

About even with HYG

HYGM since launch: paid 4.9%, price −4.8%, total +0.1%, HYG −0.1%, +0.2 pts. Data to Nov 4, 2026.

HYG

−0.1%

HYGM

+0.1%

about even with HYG

Total return, distributions reinvested

About even with HYG

HYGM since launch: paid 4.9%, price −4.8%, total +0.1%, HYG −0.1%, +0.2 pts. Data to Nov 4, 2026.

HYG

−0.1%

HYGM

+0.1%

about even with HYG

4.9% of it arrived as cash. Total return, distributions reinvested. HYGM since launch: paid 4.9%, price −4.8%, total +0.1%, HYG −0.1%, +0.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

TLTW · 1 year to Nov 4, 2026 4 pts ahead of TLT

TLTW

−0.8%

TLT

−4.8%

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 0.44 points a year less.

Points (pts) are percentage points.

HYGM vs TLTW: Dividend Yield & Total Return
Measure	HYGM	TLTW
Paid and earned
Measure	HYGM	TLTW
Total return, 1 year	not published	−0.8%
Price change	fell 4.8% (since Apr 21, 2026)	fell 10.6% (1 year)
Return of capital, issuer estimate	50% of the Oct 30, 2026 payment	73% of the Oct 7, 2026 payment
Against its benchmark
Measure	HYGM	TLTW
Benchmark	US high yield bonds, measured through HYG	20+ Year Treasury, measured through TLT
Against its benchmark, same days		ahead by 4.0 pts
Cost and size
Measure	HYGM	TLTW
Expense ratio	0.79%	0.35%
Net assets, as of Nov 3, 2026	$709,071	$1.6bn
Holdings
Measure	HYGM	TLTW
Holdings in common	0%

Method

What they share

By the books each fund has filed, HYGM and TLTW hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first HYGM TLTW

Only in one fund ↓

Only in HYGM

iShares iBoxx USD High Yield Corporate Bond ETF 99.68%

HYG 11/06/2026 77.43 C -0.19%

Only in TLTW

TREASURY BOND 4.16%

TREASURY BOND 4.11%

TREASURY BOND (OLD) 4.10%

TREASURY BOND 4.05%

TREASURY BOND 3.92%

TREASURY BOND (2OLD) 3.90%

TREASURY BOND 3.87%

Check overlap with more funds →

Side by side

HYGM Amplify HYG High Yield 10% Target Income ETF · Option income on HYG, paying monthly TLTW iShares TLT Premium Income+ ETF · Covered call on TLT, paying monthly

Issuer Amplify iShares

Strategy option income covered call

Benchmark US high yield bonds (HYG) 20+ Year Treasury (TLT)

Pays monthly monthly

Payout rate, annualized 10.1% 14.6%

Expense ratio 0.79% 0.35%

Cash paid, 1 year 4.9% (since launch, Apr 21, 2026) 9.7%

Price change, 1 year −4.8% (since launch, Apr 21, 2026) −10.6%

Total return, 1 year +0.1% (since launch, Apr 21, 2026) −0.8%

Benchmark return, 1 year −0.1% (since launch, Apr 21, 2026) −4.8%

Ahead or behind +0.2 pts (since launch, Apr 21, 2026) +4.0 pts

Return of capital, latest estimate 50% 73%

Age 197 days 4.2 years

Net assets, as of Nov 3, 2026 $709,071 $1.6bn

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: HYGM vs TLTW: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	HYGM	TLTW	HYGM	TLTW	HYGM	TLTW
3 months	−0.8%	+1.0%	2.5%	3.1%	+0.2 pts	+1.3 pts
6 months	−0.2%	−0.9%	4.9%	5.3%	+0.2 pts	+1.8 pts
1 year	–	−0.8%	–	9.7%	–	+4.0 pts
3 years	–	+14.6%	–	36.2%	–	+8.5 pts
Since launchNot the same days: HYGM Apr 2026 · TLTW Aug 2022	+0.1%	−1.7%	4.9%	42.7%	+0.3 pts	+12.4 pts

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Alert

About each fund

HYGM

Over the period from its first trade on Apr 21, 2026 to Nov 4, 2026, HYGM paid 4.9% of its starting value in cash distributions while its price fell 4.8%. With every distribution reinvested, the fund returned +0.1%. US high yield bonds (HYG) returned −0.1% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 10.1%, paid monthly. Amplify estimates that 50% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

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).

Questions people ask

Which is cheaper, HYGM or TLTW?: HYGM charges 0.79% a year and TLTW charges 0.35%, so TLTW is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

Where to next

US high yield bonds (HYG) →20+ Year Treasury (TLT) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →HYGM on its own →TLTW on its own →HYGM dividend history →HYGM holdings →TLTW dividend history →TLTW holdings →Method →Standards and sources →

Sources and dates

HYGM filings on SEC EDGAR ↗

HYGM prospectus with the expense ratio (SEC) ↗

HYGM 19a-1 distribution notice ↗

Amplify page for HYGM ↗

TLTW filings on SEC EDGAR ↗

TLTW prospectus with the expense ratio (SEC) ↗

TLTW 19a-1 distribution notice ↗

iShares page for TLTW ↗

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, HYGM against TLTW, data as of Nov 4, 2026. https://etfiq.com/compare/income/hygm-vs-tltw

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