Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

BIGY vs XPAY: which paid, and which earned it?

Over the year XPAY paid 19.9% of its price in cash against BIGY’s 12.5%, and returned more with it reinvested.

YieldMax(R) Target 12(TM) Big 50 Option Income ETF and Roundhill S&P 500 Target 20 Managed Distribution ETF.

12.5%BIGY cash paid, 1 year
19.9%XPAY cash paid, 1 year
+13.0%BIGY total return, 1 year
+15.7%XPAY total return, 1 year

ETFIQ Return Stability Score: BIGY scores higher

Was the payout funded by returns, or by your own capital?

BIGY 52.6XPAY 50.33.8, the lowest in this set96.8, the highest

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

BIGY3.6 pts behind SPY · 1 year to Sep 18, 2026
SPY+16.6%BIGY+13.0%12.5% of it arrived as cash3.6 pts behind SPYTotal return, distributions reinvestedSPY+16.6%BIGY+13.0%12.5% as cash3.6 pts behind SPY
XPAY0.9 pts behind SPY · 1 year to Sep 18, 2026
SPY+16.6%XPAY+15.7%19.9% of it arrived as cash0.9 pts behind SPYTotal return, distributions reinvestedSPY+16.6%XPAY+15.7%19.9% as cash0.9 pts behind SPY

What they hold in common

By the books each fund has filed, BIGY and XPAY hold 1% of their money in the same securities at the same weight.

Positions BIGY and XPAY both hold, largest shared weight first
HoldingBIGYXPAY
First American Government Obligations Fund 12/01/20310.84%4.95%
Only in each
Only in BIGYOnly in XPAY
Apple Inc 7.21%SPY 02/12/2027 33.47 C 13.75%
NVIDIA Corp 6.66%SPY 07/16/2027 36.7 C 11.79%
Amazon.com Inc 4.95%SPY 03/12/2027 33.67 C 11.51%
Alphabet Inc 4.84%SPY 04/16/2027 33.87 C 11.49%
Advanced Micro Devices Inc 4.19%SPY 06/11/2027 37.11 C 10.07%
Microsoft Corp 3.84%SPY 01/15/2027 33.21 C 6.96%
Meta Platforms Inc 3.70%SPY 12/11/2026 33.1 C 6.40%
JPMORGAN CHASE & CO. 3.24%SPY 09/10/2027 37.99 C 5.57%

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

BIGY and XPAY over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
BIGYXPAYBIGYXPAYBIGYXPAY
3 months+2.6%+2.0%3.0%5.0%+0.3 pts−0.3 pts
6 months+15.0%+17.8%6.9%11.1%−3.0 pts−0.2 pts
1 year+13.0%+15.7%12.5%19.9%−3.6 pts−0.9 pts
Since launch+28.9%+34.7%21.8%37.5%−2.4 pts−2.3 pts
Open the live comparison on ETFIQ
BIGY and XPAY on the same fields, as of Sep 18, 2026. Source: ETFIQ.
BIGY
YieldMax(R) Target 12(TM) Big 50 Option Income ETF
Synthetic covered call on SPY, paying monthly
XPAY
Roundhill S&P 500 Target 20 Managed Distribution ETF
Option income on SPY, paying monthly
IssuerYieldMaxRoundhill
Strategysynthetic covered calloption income
BenchmarkS&P 500 (SPY), used as a default proxyS&P 500 (SPY)
Paysmonthlymonthly
Payout rate, annualized12.1%20.8%
Expense ratio1.09%0.49%
Cash paid, 1 year12.5%19.9%
Price change, 1 year−0.3%−5.8%
Total return, 1 year+13.0%+15.7%
Benchmark return, 1 year+16.6%+16.6%
Ahead or behind−3.6 pts−0.9 pts
Return of capital, latest estimate0%not published
Age666 days687 days
Net assets$33m$179m

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).

XPAY in plain words

Over the year to Sep 18, 2026, XPAY paid 19.9% of its starting value in cash distributions while its price fell 5.8%. With every distribution reinvested, the fund returned +15.7%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 20.8%, paid monthly.

Questions people ask

Which paid more, BIGY or XPAY?
Over the year to Sep 18, 2026, BIGY paid 12.5% of its starting price in cash and XPAY paid 19.9%, so XPAY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, BIGY or XPAY?
With every distribution reinvested, BIGY returned +13.0% and XPAY returned +15.7% over the year to Sep 18, 2026, so XPAY returned more.
Which is cheaper, BIGY or XPAY?
BIGY charges 1.09% a year and XPAY charges 0.49%, so XPAY 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.

BIGY against XPAY, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, BIGY against XPAY, data as of Sep 18, 2026. https://etfiq.com/compare/income/bigy-vs-xpay Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources