DACL vs PAYM: Dividend Yield & Total Return
DACL and PAYM both write options for income. Net assets: $5m on Oct 19, 2026 for REX Defensive Autocallable Income ETF, and $128m on Jul 31, 2026 for TrueShares S&P Autocallable Defensive Income ETF.
DACL costs 0.09 points a year less.
| DACL | PAYM | |
|---|---|---|
| Expense ratio | 0.65% | 0.74% |
| Net assets, DACL as of Oct 19, 2026 and PAYM as of Jul 31, 2026 | $5m | $128m |
| Holdings in common | not published | |
| Price change | fell 0.4% (since Aug 13, 2026) | fell 2.6% (since May 28, 2026) |
| Return of capital, issuer estimate | 77% of the Sep 16, 2026 payment | |
Not measured
DACL since launch: paid 1.1%, price −0.4%, total +0.7%, not measured against a benchmark. Figures to Oct 20, 2026.
DACL
+0.7%
1.1% of it arrived as cash
Total return, distributions reinvested
Not measured
DACL since launch: paid 1.1%, price −0.4%, total +0.7%, not measured against a benchmark. Figures to Oct 20, 2026.
DACL
+0.7%
1.1% of it arrived as cash. Total return, distributions reinvested. DACL since launch: paid 1.1%, price −0.4%, total +0.7%, not measured against a benchmark. Figures to Oct 20, 2026.
Figures to Oct 20, 2026.
Not measured
PAYM since launch: paid 4.0%, price −2.6%, total +1.5%, not measured against a benchmark. Figures to Oct 20, 2026.
PAYM
+1.5%
4.0% of it arrived as cash
Total return, distributions reinvested
Not measured
PAYM since launch: paid 4.0%, price −2.6%, total +1.5%, not measured against a benchmark. Figures to Oct 20, 2026.
PAYM
+1.5%
4.0% as cash
4.0% of it arrived as cash. Both charts share one scale, with zero at the line. PAYM since launch: paid 4.0%, price −2.6%, total +1.5%, not measured against a benchmark. Figures to Oct 20, 2026.
Figures to Oct 20, 2026.
Performance, window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | DACL | PAYM | DACL | PAYM | DACL | PAYM |
| 3 months | – | +1.2% | – | 2.5% | – | not measured |
| Since launch Not the same days: DACL Aug 2026 · PAYM May 2026 | +0.7% | +1.5% | 1.1% | 4.0% | not measured | not measured |
Source: ETFIQ. – means no data for this window, usually because the fund is younger than it. Open this comparison in the app →
On the same fields
As of Oct 20, 2026. Source: ETFIQ. Cash paid is what the fund distributed over the window, as a share of its price at the start. Payout rate is its latest payment, annualized, over today’s price.
About DACL
Over the period from its first trade on Aug 13, 2026 to Oct 20, 2026, DACL paid 1.1% of its starting value in cash distributions while its price fell 0.4%. With every distribution reinvested, the fund returned +0.7%. At its price on Oct 20, 2026 the latest distribution annualizes to 6.9%, paid periodically. REX estimates that 77% of the distribution paid Sep 16, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
About PAYM
Over the period from its first trade on May 28, 2026 to Oct 20, 2026, PAYM paid 4.0% of its starting value in cash distributions while its price fell 2.6%. With every distribution reinvested, the fund returned +1.5%. At its price on Oct 20, 2026 the latest distribution annualizes to 10.0%, paid monthly.
Questions people ask
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How this is computed
Every figure is an ETFIQ calculation with distributions reinvested.
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ETFIQ, DACL against PAYM, data as of Oct 20, 2026. https://etfiq.com/compare/income/dacl-vs-paym
ETFIQ. (Oct 20, 2026). DACL against PAYM. Retrieved from https://etfiq.com/compare/income/dacl-vs-paym
[DACL against PAYM (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/income/dacl-vs-paym)
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