Data as of Oct 28, 2026.
VOO vs XPAY: Differences, Returns & Fees
Over the year to Oct 28, 2026, VOO returned +13.7% to XPAY's +12.8%, and VOO charges 0.03% to XPAY's 0.49%.
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Net assets: $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF, and $186m on Oct 28, 2026 for Roundhill S&P 500 Target 20 Managed Distribution ETF.
Pair scorecard
VOO costs 0.46 points a year less; their one-year returns differ by 0.9 points.
| Measure | VOO | XPAY |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +12.8% |
| Price change, 1 year | rose 12.4% | fell 8.2% |
| Latest payout, annualized | 20.9% | |
| Return of capital, issuer estimate | 100% of the Oct 15, 2026 payment | |
| Benchmark | ||
| What it tracks | S&P 500 Index | Benchmark: Vanguard S&P 500 ETF, measured through VOO |
| Cost and size | ||
| Expense ratio | 0.03% | 0.49% |
| Net assets, VOO as of Sep 30, 2026 and XPAY as of Oct 28, 2026 | $1.0tn | $186m |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 39.1% | |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 28, 2026. Method
Risk and return
Nov 8, 2024 to Oct 23, 2026 · 102 weekly returnsEach against its own benchmark: VOO against IVV, Sep 17, 2010 to Oct 23, 2026; XPAY against VOO, Nov 8, 2024 to Oct 23, 2026.
VOO returned slightly more: +30.1% to +28.0%. VOO and XPAY swung about the same: 14.7% and 14.9%. VOO fell slightly less at its worst: −16.7% to −17.1%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | VOO | XPAY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +30.1% | +28.0% | VOO (slight) | Price change plus distributions, reinvested. |
| Annualized | +14.4% | +13.4% | VOO (slight) | Total return as a yearly rate. |
| Price return | +27.0% | −14.2% | VOO | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 14.7% | 14.9% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 9.8% | 10.0% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −16.7% | −17.1% | VOO (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 99.8% | 99.7% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 99.9% | 101.5% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.00 | 1.01 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.71 | 0.65 | VOO (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.07 | 0.97 | VOO (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.134 | 0.095 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.86 | 0.78 | VOO (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IVV | VOO | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | −1.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.51 | −1.36 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.1% to +0.2% | −2.4% to +0.4% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.02 | −0.82 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.4% | 1.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 102 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, VOO and XPAY hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 28, 2026.
half
0% in common
Only in one fund ↓
Side by side
VOO and XPAY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
VOO and XPAY do different jobs. What does each one do in a portfolio?
- What each follows. VOO follows S&P 500 Index and XPAY is measured against Vanguard S&P 500 ETF through VOO.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Sep 30, 2026 and Oct 28, 2026).
- Cost. VOO charges 0.03% of assets a year and XPAY 0.49%, a gap of 0.46 points.
Data as of Oct 28, 2026.
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VOO
VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.
XPAY
Over the year to Oct 28, 2026, XPAY paid 19.4% of its starting value in cash distributions while its price fell 8.2%. With every distribution reinvested, the fund returned +12.8%. Vanguard S&P 500 ETF (VOO) returned +13.7% over the same days, so a holder was behind by 0.9 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 20.9%, paid monthly. Roundhill estimates that 100% of the distribution paid Oct 15, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
- Are VOO and XPAY in the same category?
- VOO is a stock ETF and XPAY is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, VOO or XPAY?
- In the year to Oct 28, 2026, with distributions reinvested, VOO returned +13.7% and XPAY +12.8%.
- Which is cheaper, VOO or XPAY?
- VOO is cheaper, by 0.46 percentage points a year. That is about $46 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, VOO against XPAY, data as of Oct 28, 2026. https://etfiq.com/compare/any/voo-vs-xpay
ETFIQ. (Oct 28, 2026). VOO against XPAY. Retrieved from https://etfiq.com/compare/any/voo-vs-xpay
[VOO against XPAY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/voo-vs-xpay)
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