Which paid more, HYGW or TLTX?

Over the year to Nov 4, 2026, HYGW paid 10.5% 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, HYGW or TLTX?

With every distribution reinvested, HYGW returned +3.9% and TLTX −4.3% over the year to Nov 4, 2026.

Which is cheaper, HYGW or TLTX?

HYGW charges 0.69% 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

HYGW 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 HYGW’s 10.5%, though HYGW returned more with it reinvested.

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Net assets: $109m on Nov 4, 2026 for iShares HYG Premium Income+ ETF, and $17m on Oct 12, 2026 for Global X Treasury Bond Enhanced Income ETF.

HYGW on its own →TLTX on its own →

At a glance

10.5%

HYGW cash paid, 1 year

15.0%

TLTX cash paid, 1 year

+3.9%

HYGW total return, 1 year

−4.3%

TLTX total return, 1 year

HYGW · 1 year to Nov 4, 2026 1.3 pts ahead of HYG

HYGW

+3.9%

HYG

+2.6%

1.3 pts ahead of HYG

HYGW over 1 year: paid 10.5%, price −6.8%, total +3.9%, HYG +2.6%, +1.3 pts. Data to Nov 4, 2026.

HYG

+2.6%

HYGW

+3.9%

10.5% of it arrived as cash

1.3 pts ahead of HYG

Total return, distributions reinvested

1.3 pts ahead of HYG

HYGW over 1 year: paid 10.5%, price −6.8%, total +3.9%, HYG +2.6%, +1.3 pts. Data to Nov 4, 2026.

HYG

+2.6%

HYGW

+3.9%

1.3 pts ahead of HYG

10.5% of it arrived as cash. Total return, distributions reinvested. HYGW over 1 year: paid 10.5%, price −6.8%, total +3.9%, HYG +2.6%, +1.3 pts. 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 0.40 points a year less; their one-year returns differ by 8.2 points; HYGW is 6.5 times larger.

Points (pts) are percentage points.

HYGW vs TLTX: Dividend Yield & Total Return
Measure	HYGW	TLTX
Paid and earned
Measure	HYGW	TLTX
Total return, 1 year	+3.9%	−4.3%
Price change, 1 year	fell 6.8%	fell 19.0%
Return of capital, issuer estimate	64% of the Oct 7, 2026 payment	71% of the Sep 24, 2026 payment
Against its benchmark
Measure	HYGW	TLTX
Benchmark	US high yield bonds, measured through HYG	not published
Cost and size
Measure	HYGW	TLTX
Expense ratio	0.69%	0.29%
Net assets, as of Oct 12, 2026	$110m	$17m
Holdings
Measure	HYGW	TLTX
Holdings in common	0%

Method

Risk and return

Jul 25, 2025 to Oct 30, 2026 · 66 weekly returns

HYGW TLTX

Return

Total return edge HYGW +5.7% +1.1%

Annualized edge HYGW +4.4% +0.8%

Price return edge HYGW −7.2% −18.4%

Risk

Volatility edge HYGW 2.6% 8.1%

Max drawdown edge HYGW −1.9% −10.3%

Risk-adjusted

Sharpe edge HYGW 0.20 −0.33

Sortino edge HYGW 0.28 −0.43

Calmar edge HYGW 2.39 0.08

Reading

From Jul 2025 to Oct 2026, HYGW returned more: +5.7% to +1.1%. HYGW swung less: 2.6% to 8.1%. HYGW fell less at its worst: −1.9% to −10.3%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: HYGW vs TLTX: Dividend Yield & Total Return
Measure	HYGW	TLTX	Edge	How it is measured
Return
Total return	+5.7%	+1.1%	HYGW	Price change plus distributions, reinvested.
Annualized	+4.4%	+0.8%	HYGW	Total return as a yearly rate.
Price return	−7.2%	−18.4%	HYGW	Price change alone, distributions left out.
Risk
Volatility	2.6%	8.1%	HYGW	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	1.9%	6.3%	HYGW	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−1.9%	−10.3%	HYGW	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.20	−0.33	HYGW	Return above Treasury bills per unit of volatility.
Sortino	0.28	−0.43	HYGW	Return above Treasury bills per unit of downside deviation.
Calmar	2.39	0.08	HYGW	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 66 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, HYGW 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 HYGW TLTX

Only in one fund ↓

Only in HYGW

1261229 BC LTD 144A 0.56%

MERIDIAN ARC HOLDCO LLC 144A 0.44%

PARAMOUNT SKYDANCE CORP 144A 0.41%

SOFTBANK GROUP CORP 144A 0.41%

ECHOSTAR CORP 0.40%

SOFTBANK GROUP CORP 144A 0.37%

QUIKRETE HOLDINGS INC 144A 0.36%

CLOUD SOFTWARE GROUP LLC 144A 0.34%

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

HYGW iShares HYG Premium Income+ ETF · Covered call on HYG, paying monthly TLTX Global X Treasury Bond Enhanced Income ETF · Covered call, paying monthly

Issuer iShares Global X

Strategy covered call covered call

Benchmark US high yield bonds (HYG) none

Pays monthly monthly

Payout rate, annualized 13.8% 18.1%

Expense ratio 0.69% 0.29%

Cash paid, 1 year 10.5% 15.0%

Price change, 1 year −6.8% −19.0%

Total return, 1 year +3.9% −4.3%

Benchmark return, 1 year +2.6% not published

Ahead or behind +1.3 pts not available

Return of capital, latest estimate 64% 71%

Age 4.2 years 1.3 years

Net assets, HYGW as of Nov 4, 2026 and TLTX as of Oct 12, 2026 $109m $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: HYGW vs TLTX: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	HYGW	TLTX	HYGW	TLTX	HYGW	TLTX
3 months	−0.3%	+0.5%	3.0%	4.2%	+0.7 pts	not measured
6 months	+1.1%	−2.4%	5.1%	7.7%	+1.5 pts	not measured
1 year	+3.9%	−4.3%	10.5%	15.0%	+1.3 pts	not measured
3 years	+19.1%	–	33.2%	–	−5.3 pts	–
Since launchNot the same days: HYGW Aug 2022 · TLTX Jul 2025	+24.8%	+3.2%	47.7%	20.3%	−6.1 pts	not measured

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About each fund

HYGW

Over the year to Nov 4, 2026, HYGW paid 10.5% of its starting value in cash distributions while its price fell 6.8%. With every distribution reinvested, the fund returned +3.9%. US high yield bonds (HYG) returned +2.6% over the same days, so a holder was ahead by 1.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 13.8%, paid monthly. iShares estimates that 64% 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.

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).

Questions people ask

Which paid more, HYGW or TLTX?: Over the year to Nov 4, 2026, HYGW paid 10.5% 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, HYGW or TLTX?: With every distribution reinvested, HYGW returned +3.9% and TLTX −4.3% over the year to Nov 4, 2026.
Which is cheaper, HYGW or TLTX?: HYGW charges 0.69% a year and TLTX charges 0.29%, so TLTX is cheaper. Fees come from each fund's prospectus.

Other comparisons

HYGW vs HYBL HYGW vs CSHI HYGW vs HYTI HYGW vs HYBI TLTX vs HYGM TLTX vs HYTI TLTX vs CSHI TLTX vs HYBI

Where to next

US high yield bonds (HYG) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →HYGW on its own →TLTX on its own →HYGW dividend history →HYGW holdings →TLTX dividend history →TLTX holdings →Method →Standards and sources →

Sources and dates

HYGW filings on SEC EDGAR ↗

HYGW prospectus with the expense ratio (SEC) ↗

HYGW 19a-1 distribution notice ↗

iShares page for HYGW ↗

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

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