Data as of .
BIGY vs TPAY: which paid, and which earned it?
BIGY and TPAY both write options for income.
What they hold in common
By the books each fund has filed, BIGY and TPAY hold 0% of their money in the same securities at the same weight.
| Only in BIGY | Only in TPAY |
|---|---|
| Apple Inc 7.21% | SPY 03/12/2027 33.67 C 61.75% |
| NVIDIA Corp 6.66% | SPY 04/16/2027 33.18 C 33.20% |
| Amazon.com Inc 4.95% | SPYM 03/12/2027 3.33 C 5.05% |
| Alphabet Inc 4.84% | |
| Advanced Micro Devices Inc 4.19% | |
| Microsoft Corp 3.84% | |
| Meta Platforms Inc 3.70% | |
| JPMORGAN CHASE & CO. 3.24% |
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 | |||
|---|---|---|---|---|---|---|
| BIGY | TPAY | BIGY | TPAY | BIGY | TPAY | |
| 3 months | +2.6% | +1.5% | 3.0% | 2.4% | +0.3 pts | −0.8 pts |
| 6 months | +15.0% | +17.3% | 6.9% | 5.3% | −3.0 pts | −0.7 pts |
| 1 year | +13.0% | not published | 12.5% | not published | −3.6 pts | not published |
| Since launch | +28.9% | +11.0% | 21.8% | 5.8% | −2.4 pts | −0.8 pts |
| BIGY YieldMax(R) Target 12(TM) Big 50 Option Income ETF Synthetic covered call on SPY, paying monthly | TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | YieldMax | Roundhill |
| Strategy | synthetic covered call | option income |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 12.1% | 9.5% |
| Expense ratio | 1.09% | 0.49% |
| Cash paid, 1 year | 12.5% | 5.8% (since launch on Feb 18, 2026) |
| Price change, 1 year | −0.3% | +4.9% |
| Total return, 1 year | +13.0% | +11.0% (since launch on Feb 18, 2026) |
| Benchmark return, 1 year | +16.6% | +11.8% |
| Ahead or behind | −3.6 pts | −0.8 pts |
| Return of capital, latest estimate | 0% | not published |
| Age | 666 days | 212 days |
| Net assets | $33m | $2m |
BIGY in plain words
Over the year to Sep 18, 2026, BIGY paid 12.5% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned +13.0%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 3.6 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 12.1%, paid monthly. YieldMax estimates that 0% of the distribution paid Sep 3, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
TPAY in plain words
Over the period since launch on Feb 18, 2026 to Sep 18, 2026, TPAY paid 5.8% of its starting value in cash distributions while its price rose 4.9%. With every distribution reinvested, the fund returned +11.0%. S&P 500 (SPY) returned +11.8% over the same days, so a holder was behind by 0.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.5%, paid monthly.
Questions people ask
- Which is cheaper, BIGY or TPAY?
- BIGY charges 1.09% a year and TPAY charges 0.49%, so TPAY 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, BIGY against TPAY, data as of Sep 18, 2026. https://etfiq.com/compare/income/bigy-vs-tpay Free to use with attribution; the underlying files are at Open data.