Which paid more, LQDW or TLTX?

Over the year to Nov 4, 2026, LQDW paid 11.3% 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, LQDW or TLTX?

With every distribution reinvested, LQDW returned +2.4% and TLTX −4.3% over the year to Nov 4, 2026.

Which is cheaper, LQDW or TLTX?

LQDW charges 0.34% 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

LQDW 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 LQDW’s 11.3%, though LQDW returned more with it reinvested.

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Net assets: $348m on Nov 3, 2026 for iShares LQD Premium Income+ ETF, and $17m on Oct 12, 2026 for Global X Treasury Bond Enhanced Income ETF.

LQDW on its own →TLTX on its own →

At a glance

11.3%

LQDW cash paid, 1 year

15.0%

TLTX cash paid, 1 year

+2.4%

LQDW total return, 1 year

−4.3%

TLTX total return, 1 year

LQDW · 1 year to Nov 4, 2026 3.5 pts ahead of LQD

LQDW

+2.4%

LQD

−1.1%

3.5 pts ahead of LQD

LQDW over 1 year: paid 11.3%, price −9.0%, total +2.4%, LQD −1.1%, +3.5 pts. Data to Nov 4, 2026.

LQD

−1.1%

LQDW

+2.4%

11.3% of it arrived as cash

3.5 pts ahead of LQD

Total return, distributions reinvested

3.5 pts ahead of LQD

LQDW over 1 year: paid 11.3%, price −9.0%, total +2.4%, LQD −1.1%, +3.5 pts. Data to Nov 4, 2026.

LQD

−1.1%

LQDW

+2.4%

3.5 pts ahead of LQD

11.3% of it arrived as cash. Total return, distributions reinvested. LQDW over 1 year: paid 11.3%, price −9.0%, total +2.4%, LQD −1.1%, +3.5 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 0.05 points a year less; their one-year returns differ by 6.7 points; LQDW is far larger, $348m against $17m.

Points (pts) are percentage points.

LQDW vs TLTX: Dividend Yield & Total Return
Measure	LQDW	TLTX
Paid and earned
Measure	LQDW	TLTX
Total return, 1 year	+2.4%	−4.3%
Price change, 1 year	fell 9.0%	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	LQDW	TLTX
Benchmark	US investment grade bonds, measured through LQD	not published
Cost and size
Measure	LQDW	TLTX
Expense ratio	0.34%	0.29%
Net assets, as of Oct 12, 2026	$348m	$17m
Holdings
Measure	LQDW	TLTX
Holdings in common	0%

Method

What they share

By the books each fund has filed, LQDW 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 LQDW TLTX

Only in one fund ↓

Only in LQDW

ANHEUSER-BUSCH COMPANIES LLC 0.18%

SPACE EXPLORATION TECHNOLOGIES COR 144A 0.18%

CVS HEALTH CORP 0.17%

PARAMOUNT SKYDANCE CORP 144A 0.16%

AMAZON.COM INC 0.15%

CITIGROUP INC 0.14%

GOLDMAN SACHS GROUP INC 0.14%

T-MOBILE USA INC 0.14%

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

LQDW iShares LQD Premium Income+ ETF · Covered call on LQD, 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 investment grade bonds (LQD) none

Pays monthly monthly

Payout rate, annualized 16.5% 18.1%

Expense ratio 0.34% 0.29%

Cash paid, 1 year 11.3% 15.0%

Price change, 1 year −9.0% −19.0%

Total return, 1 year +2.4% −4.3%

Benchmark return, 1 year −1.1% not published

Ahead or behind +3.5 pts not available

Return of capital, latest estimate 64% 71%

Age 4.2 years 1.3 years

Net assets, LQDW as of Nov 3, 2026 and TLTX as of Oct 12, 2026 $348m $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: LQDW vs TLTX: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	LQDW	TLTX	LQDW	TLTX	LQDW	TLTX
3 months	+0.3%	+0.5%	3.6%	4.2%	+1.2 pts	not measured
6 months	+0.4%	−2.4%	5.9%	7.7%	+2.3 pts	not measured
1 year	+2.4%	−4.3%	11.3%	15.0%	+3.5 pts	not measured
3 years	+15.7%	–	38.0%	–	−1.7 pts	–
Since launchNot the same days: LQDW Aug 2022 · TLTX Jul 2025	+10.2%	+3.2%	48.1%	20.3%	−3.2 pts	not measured

– means no data for this window. Open this comparison in the app →

Alert

About each fund

LQDW

Over the year to Nov 4, 2026, LQDW paid 11.3% of its starting value in cash distributions while its price fell 9.0%. With every distribution reinvested, the fund returned +2.4%. US investment grade bonds (LQD) returned −1.1% over the same days, so a holder was ahead by 3.5 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 16.5%, 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, LQDW or TLTX?: Over the year to Nov 4, 2026, LQDW paid 11.3% 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, LQDW or TLTX?: With every distribution reinvested, LQDW returned +2.4% and TLTX −4.3% over the year to Nov 4, 2026.
Which is cheaper, LQDW or TLTX?: LQDW charges 0.34% a year and TLTX charges 0.29%, so TLTX is cheaper. Fees come from each fund's prospectus.

Other comparisons

LQDW vs HYBL LQDW vs CSHI LQDW vs HYBI LQDW vs BUCK TLTX vs LQDM TLTX vs LQTI TLTX vs BUCK TLTX vs HYBI

Where to next

US investment grade bonds (LQD) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →LQDW on its own →TLTX on its own →LQDW dividend history →LQDW holdings →TLTX dividend history →TLTX holdings →Method →Standards and sources →

Sources and dates

LQDW filings on SEC EDGAR ↗

LQDW prospectus with the expense ratio (SEC) ↗

LQDW 19a-1 distribution notice ↗

iShares page for LQDW ↗

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

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