Data as of .
HYGW vs LQDW: which paid, and which earned it?
Over the year LQDW paid 10.6% of its price in cash against HYGW’s 9.9%, though HYGW returned more with it reinvested.
ETFIQ Return Stability Score: LQDW 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, HYGW and LQDW hold 1% of their money in the same securities at the same weight.
| Holding | HYGW | LQDW |
|---|---|---|
| BLK CSH FND TREASURY SL AGENCY | 0.97% | 0.74% |
| ENERGY TRANSFER LP | 0.07% | 0.05% |
| SBA COMMUNICATIONS CORP | 0.11% | 0.05% |
| VODAFONE GROUP PLC | 0.17% | 0.05% |
| ALLY FINANCIAL INC | 0.04% | 0.06% |
| HUMANA INC | 0.07% | 0.04% |
| PACIFICORP | 0.08% | 0.04% |
| ROGERS COMMUNICATIONS INC | 0.03% | 0.05% |
| AES CORPORATION (THE) | 0.08% | 0.02% |
| APTIV SWISS HOLDINGS LTD | 0.04% | 0.02% |
| HA SUSTAINABLE INFRASTRUCTURE CAPI | 0.05% | 0.02% |
| SYNCHRONY FINANCIAL | 0.08% | 0.02% |
| Only in HYGW | Only in LQDW |
|---|---|
| 1261229 BC LTD 144A 0.57% | ANHEUSER-BUSCH COMPANIES LLC 0.19% |
| ECHOSTAR CORP 0.48% | CVS HEALTH CORP 0.18% |
| MERIDIAN ARC HOLDCO LLC 144A 0.48% | T-MOBILE USA INC 0.18% |
| CLOUD SOFTWARE GROUP INC 144A 0.36% | SPACE EXPLORATION TECHNOLOGIES COR 144A 0.17% |
| PR RNO PROPERTY OWNER 1 LLC 144A 0.36% | GOLDMAN SACHS GROUP INC/THE 0.15% |
| CLOUD SOFTWARE GROUP INC 144A 0.33% | PFIZER INVESTMENT ENTERPRISES PTE 0.15% |
| QUIKRETE HOLDINGS INC 144A 0.32% | AMAZON.COM INC 0.14% |
| HUB INTERNATIONAL LTD 144A 0.31% | BANK OF AMERICA CORP MTN 0.14% |
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 Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| HYGW | LQDW | HYGW | LQDW | HYGW | LQDW | |
| 3 months | +0.1% | −1.6% | 1.9% | 2.3% | +0.5 pts | +1.2 pts |
| 6 months | +2.8% | +1.3% | 5.4% | 5.0% | +0.2 pts | +1.9 pts |
| 1 year | +4.0% | +1.8% | 9.9% | 10.6% | +1.5 pts | +3.8 pts |
| 3 years | +16.9% | +10.8% | 32.1% | 36.3% | −9.1 pts | −4.1 pts |
| Since launch | +24.5% | +8.7% | 45.9% | 46.4% | −6.8 pts | −4.0 pts |
| HYGW iShares High Yield Corporate Bond BuyWrite Strategy ETF Covered call on HYG, paying monthly | LQDW iShares Investment Grade Corporate Bond BuyWrite Strategy ETF Covered call on LQD, paying monthly | |
|---|---|---|
| Issuer | iShares | iShares |
| Strategy | covered call | covered call |
| Benchmark | US high yield bonds (HYG) | US investment grade bonds (LQD) |
| Pays | monthly | monthly |
| Payout rate, annualized | 7.5% | 8.1% |
| Expense ratio | 0.69% | 0.34% |
| Cash paid, 1 year | 9.9% | 10.6% |
| Price change, 1 year | −6.0% | −8.8% |
| Total return, 1 year | +4.0% | +1.8% |
| Benchmark return, 1 year | +2.6% | −2.0% |
| Ahead or behind | +1.5 pts | +3.8 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1488 days | 1488 days |
| Net assets | $111m | $318m |
HYGW in plain words
Over the year to Sep 18, 2026, HYGW paid 9.9% of its starting value in cash distributions while its price fell 6.0%. With every distribution reinvested, the fund returned +4.0%. US high yield bonds (HYG) returned +2.6% over the same days, so a holder was ahead by 1.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.5%, paid monthly.
LQDW in plain words
Over the year to Sep 18, 2026, LQDW paid 10.6% of its starting value in cash distributions while its price fell 8.8%. With every distribution reinvested, the fund returned +1.8%. US investment grade bonds (LQD) returned −2.0% over the same days, so a holder was ahead by 3.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.1%, paid monthly.
Questions people ask
- Which paid more, HYGW or LQDW?
- Over the year to Sep 18, 2026, HYGW paid 9.9% of its starting price in cash and LQDW paid 10.6%, so LQDW paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, HYGW or LQDW?
- With every distribution reinvested, HYGW returned +4.0% and LQDW returned +1.8% over the year to Sep 18, 2026, so HYGW returned more.
- Which is cheaper, HYGW or LQDW?
- HYGW charges 0.69% a year and LQDW charges 0.34%, so LQDW is cheaper. Fees come from each fund's prospectus.
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, HYGW against LQDW, data as of Sep 18, 2026. https://etfiq.com/compare/income/hygw-vs-lqdw Free to use with attribution; the underlying files are at Open data.