Data as of .
LQDW vs TLTI: which paid, and which earned it?
Over the year LQDW paid 10.6% of its price in cash against TLTI’s 6.4%, and 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, LQDW and TLTI hold 0% of their money in the same securities at the same weight.
| Only in LQDW | Only in TLTI |
|---|---|
| BLK CSH FND TREASURY SL AGENCY 0.74% | United States Treasury Note/Bond 4.125% 08/15/2053 100.02% |
| ANHEUSER-BUSCH COMPANIES LLC 0.19% | SPXW US 10/01/26 P6800 0.01% |
| CVS HEALTH CORP 0.18% | SPXW US 10/01/26 P6875 0.01% |
| T-MOBILE USA INC 0.18% | SPXW US 10/01/26 P6950 0.01% |
| SPACE EXPLORATION TECHNOLOGIES COR 144A 0.17% | SPXW US 10/01/26 P7100 -0.01% |
| GOLDMAN SACHS GROUP INC/THE 0.15% | SPXW US 10/01/26 P7180 -0.02% |
| PFIZER INVESTMENT ENTERPRISES PTE 0.15% | SPXW US 10/01/26 P7250 -0.02% |
| AMAZON.COM INC 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 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| LQDW | TLTI | LQDW | TLTI | LQDW | TLTI | |
| 3 months | −1.6% | −4.7% | 2.3% | 1.5% | +1.2 pts | +0.5 pts |
| 6 months | +1.3% | −2.0% | 5.0% | 3.0% | +1.9 pts | +1.1 pts |
| 1 year | +1.8% | −2.9% | 10.6% | 6.4% | +3.8 pts | +1.9 pts |
| 3 years | +10.8% | not published | 36.3% | not published | −4.1 pts | not published |
| Since launch | +8.7% | −2.9% | 46.4% | 10.6% | −4.0 pts | +1.8 pts |
| LQDW iShares Investment Grade Corporate Bond BuyWrite Strategy ETF Covered call on LQD, paying monthly | TLTI NEOS Enhanced Income 20+ Year Treasury Bond ETF Covered call on TLT, paying monthly | |
|---|---|---|
| Issuer | iShares | NEOS |
| Strategy | covered call | covered call |
| Benchmark | US investment grade bonds (LQD) | 20+ Year Treasury (TLT) |
| Pays | monthly | monthly |
| Payout rate, annualized | 8.1% | 6.3% |
| Expense ratio | 0.34% | not published |
| Cash paid, 1 year | 10.6% | 6.4% |
| Price change, 1 year | −8.8% | −9.1% |
| Total return, 1 year | +1.8% | −2.9% |
| Benchmark return, 1 year | −2.0% | −4.7% |
| Ahead or behind | +3.8 pts | +1.9 pts |
| Return of capital, latest estimate | not published | 35% |
| Age | 1488 days | 646 days |
| Net assets | $318m | $17m |
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.
TLTI in plain words
Over the year to Sep 18, 2026, TLTI paid 6.4% of its starting value in cash distributions while its price fell 9.1%. With every distribution reinvested, the fund returned −2.9%. 20+ Year Treasury (TLT) returned −4.7% over the same days, so a holder was ahead by 1.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 6.3%, paid monthly. NEOS estimates that 35% of the distribution paid Sep 11, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which paid more, LQDW or TLTI?
- Over the year to Sep 18, 2026, LQDW paid 10.6% of its starting price in cash and TLTI paid 6.4%, 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, LQDW or TLTI?
- With every distribution reinvested, LQDW returned +1.8% and TLTI returned −2.9% over the year to Sep 18, 2026, so LQDW returned more.
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, LQDW against TLTI, data as of Sep 18, 2026. https://etfiq.com/compare/income/lqdw-vs-tlti Free to use with attribution; the underlying files are at Open data.