Which is cheaper, LQDM or TLTW?

LQDM charges 0.54% 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

LQDM vs TLTW: Dividend Yield & Total Return

LQDM and TLTW both write options for income.

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Net assets on Nov 3, 2026: $4.1m for Amplify LQD Investment Grade 12% Target Income ETF and $1.6bn for iShares TLT Premium Income+ ETF.

LQDM on its own →TLTW on its own →

At a glance

5.8%

LQDM cash paid, since launch, Apr 21, 2026

9.7%

TLTW cash paid, 1 year

−1.4%

LQDM total return, since launch, Apr 21, 2026

−0.8%

TLTW total return, 1 year

LQDM · since launch to Nov 4, 2026 0.6 pts ahead of LQD

LQDM

−1.4%

LQD

−2.0%

0.6 pts ahead of LQD

LQDM since launch: paid 5.8%, price −7.2%, total −1.4%, LQD −2.0%, +0.6 pts. Data to Nov 4, 2026.

LQD

−2.0%

LQDM

−1.4%

0.6 pts ahead of LQD

Total return, distributions reinvested

0.6 pts ahead of LQD

LQDM since launch: paid 5.8%, price −7.2%, total −1.4%, LQD −2.0%, +0.6 pts. Data to Nov 4, 2026.

LQD

−2.0%

LQDM

−1.4%

0.6 pts ahead of LQD

5.8% of it arrived as cash. Total return, distributions reinvested. LQDM since launch: paid 5.8%, price −7.2%, total −1.4%, LQD −2.0%, +0.6 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 0.19 points a year less; TLTW is far larger, $1.6bn against $4.1m.

Points (pts) are percentage points.

LQDM vs TLTW: Dividend Yield & Total Return
Measure	LQDM	TLTW
Paid and earned
Measure	LQDM	TLTW
Total return, 1 year	not published	−0.8%
Price change	fell 7.2% (since Apr 21, 2026)	fell 10.6% (1 year)
Return of capital, issuer estimate	65% of the Oct 30, 2026 payment	73% of the Oct 7, 2026 payment
Against its benchmark
Measure	LQDM	TLTW
Benchmark	US investment grade bonds, measured through LQD	20+ Year Treasury, measured through TLT
Against its benchmark, same days	ahead by 0.6 pts	ahead by 4.0 pts
Cost and size
Measure	LQDM	TLTW
Expense ratio	0.54%	0.35%
Net assets, as of Nov 3, 2026	$4.1m	$1.6bn
Holdings
Measure	LQDM	TLTW
Holdings in common	0%

Method

What they share

By the books each fund has filed, LQDM 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 LQDM TLTW

Only in one fund ↓

Only in LQDM

iShares iBoxx USD Investment Grade Corporate Bond ETF 99.84%

LQD 11/06/2026 104.27 C -0.20%

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

LQDM Amplify LQD Investment Grade 12% Target Income ETF · Option income on LQD, paying monthly TLTW iShares TLT Premium Income+ ETF · Covered call on TLT, paying monthly

Issuer Amplify iShares

Strategy option income covered call

Benchmark US investment grade bonds (LQD) 20+ Year Treasury (TLT)

Pays monthly monthly

Payout rate, annualized 12.1% 14.6%

Expense ratio 0.54% 0.35%

Cash paid, 1 year 5.8% (since launch, Apr 21, 2026) 9.7%

Price change, 1 year −7.2% (since launch, Apr 21, 2026) −10.6%

Total return, 1 year −1.4% (since launch, Apr 21, 2026) −0.8%

Benchmark return, 1 year −2.0% (since launch, Apr 21, 2026) −4.8%

Ahead or behind +0.6 pts (since launch, Apr 21, 2026) +4.0 pts

Return of capital, latest estimate 65% 73%

Age 197 days 4.2 years

Net assets, as of Nov 3, 2026 $4.1m $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: LQDM vs TLTW: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	LQDM	TLTW	LQDM	TLTW	LQDM	TLTW
3 months	−0.5%	+1.0%	2.9%	3.1%	+0.4 pts	+1.3 pts
6 months	−1.4%	−0.9%	5.8%	5.3%	+0.6 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: LQDM Apr 2026 · TLTW Aug 2022	−1.4%	−1.7%	5.8%	42.7%	+0.6 pts	+12.4 pts

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Alert

About each fund

LQDM

Over the period from its first trade on Apr 21, 2026 to Nov 4, 2026, LQDM paid 5.8% of its starting value in cash distributions while its price fell 7.2%. With every distribution reinvested, the fund returned −1.4%. US investment grade bonds (LQD) returned −2.0% over the same days, so a holder was ahead by 0.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.1%, paid monthly. Amplify estimates that 65% 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, LQDM or TLTW?: LQDM charges 0.54% a year and TLTW charges 0.35%, so TLTW is cheaper. Fees come from each fund's prospectus.

Other comparisons

LQDM vs TLTP LQDM vs TLTI LQDM vs LTTI LQDM vs TSYW TLTW vs LQTI TLTW vs LQDW TLTW vs TSYW TLTW vs LTTI

Where to next

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

Sources and dates

LQDM filings on SEC EDGAR ↗

LQDM prospectus with the expense ratio (SEC) ↗

LQDM 19a-1 distribution notice ↗

Amplify page for LQDM ↗

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

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