Data as of .
LQDW vs TLTW: which paid, and which earned it?
Over the year LQDW paid 10.6% of its price in cash against TLTW’s 9.6%, 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 TLTW hold 0% of their money in the same securities at the same weight.
| Holding | LQDW | TLTW |
|---|---|---|
| BLK CSH FND TREASURY SL AGENCY | 0.74% | 0.00% |
| USD CASH | -0.02% | 0.14% |
| Only in LQDW | Only in TLTW |
|---|---|
| ANHEUSER-BUSCH COMPANIES LLC 0.19% | TREASURY BOND 4.56% |
| CVS HEALTH CORP 0.18% | TREASURY BOND 4.33% |
| T-MOBILE USA INC 0.18% | TREASURY BOND 4.23% |
| SPACE EXPLORATION TECHNOLOGIES COR 144A 0.17% | TREASURY BOND (2OLD) 4.18% |
| GOLDMAN SACHS GROUP INC/THE 0.15% | TREASURY BOND 4.09% |
| PFIZER INVESTMENT ENTERPRISES PTE 0.15% | TREASURY BOND (OLD) 4.07% |
| AMAZON.COM INC 0.14% | TREASURY BOND 4.03% |
| BANK OF AMERICA CORP MTN 0.14% | TREASURY BOND 3.99% |
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 | |||
|---|---|---|---|---|---|---|
| LQDW | TLTW | LQDW | TLTW | LQDW | TLTW | |
| 3 months | −1.6% | −4.3% | 2.3% | 1.9% | +1.2 pts | +0.9 pts |
| 6 months | +1.3% | −1.6% | 5.0% | 4.3% | +1.9 pts | +1.5 pts |
| 1 year | +1.8% | −0.5% | 10.6% | 9.6% | +3.8 pts | +4.2 pts |
| 3 years | +10.8% | +5.2% | 36.3% | 33.6% | −4.1 pts | +5.8 pts |
| Since launch | +8.7% | −4.0% | 46.4% | 41.3% | −4.0 pts | +11.4 pts |
| LQDW iShares Investment Grade Corporate Bond BuyWrite Strategy ETF Covered call on LQD, paying monthly | TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF Covered call on TLT, paying monthly | |
|---|---|---|
| Issuer | iShares | iShares |
| Strategy | covered call | covered call |
| Benchmark | US investment grade bonds (LQD) | 20+ Year Treasury (TLT) |
| Pays | monthly | monthly |
| Payout rate, annualized | 8.1% | 7.5% |
| Expense ratio | 0.34% | 0.35% |
| Cash paid, 1 year | 10.6% | 9.6% |
| Price change, 1 year | −8.8% | −9.9% |
| Total return, 1 year | +1.8% | −0.5% |
| Benchmark return, 1 year | −2.0% | −4.7% |
| Ahead or behind | +3.8 pts | +4.2 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1488 days | 1488 days |
| Net assets | $318m | $1.8bn |
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.
TLTW in plain words
Over the year to Sep 18, 2026, TLTW paid 9.6% of its starting value in cash distributions while its price fell 9.9%. With every distribution reinvested, the fund returned −0.5%. 20+ Year Treasury (TLT) returned −4.7% over the same days, so a holder was ahead by 4.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.5%, paid monthly.
Questions people ask
- Which paid more, LQDW or TLTW?
- Over the year to Sep 18, 2026, LQDW paid 10.6% of its starting price in cash and TLTW paid 9.6%, 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, LQDW or TLTW?
- With every distribution reinvested, LQDW returned +1.8% and TLTW returned −0.5% over the year to Sep 18, 2026, so LQDW returned more.
- Which is cheaper, LQDW or TLTW?
- LQDW charges 0.34% a year and TLTW charges 0.35%, 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, LQDW against TLTW, data as of Sep 18, 2026. https://etfiq.com/compare/income/lqdw-vs-tltw Free to use with attribution; the underlying files are at Open data.