Data as of .
DDDD vs TPAY: which paid, and which earned it?
DDDD and TPAY both write options for income.
What they hold in common
By the books each fund has filed, DDDD and TPAY hold 0% of their money in the same securities at the same weight.
| Only in DDDD | Only in TPAY |
|---|---|
| Merck & Co Inc 4.93% | SPY 03/12/2027 33.67 C 61.75% |
| Abbott Laboratories 4.53% | SPY 04/16/2027 33.18 C 33.20% |
| Amgen Inc 4.38% | SPYM 03/12/2027 3.33 C 5.05% |
| Coca-Cola Co/The 4.30% | |
| Chevron Corp 4.25% | |
| ConocoPhillips 4.07% | |
| Procter & Gamble Co/The 4.01% | |
| Verizon Communications Inc 3.96% |
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 | |||
|---|---|---|---|---|---|---|
| DDDD | TPAY | DDDD | TPAY | DDDD | TPAY | |
| 3 months | +4.9% | +1.5% | 1.6% | 2.4% | +2.6 pts | −0.8 pts |
| 6 months | +10.5% | +17.3% | 1.7% | 5.3% | −7.6 pts | −0.7 pts |
| Since launch | +8.7% | +11.0% | 1.6% | 5.8% | −6.5 pts | −0.8 pts |
| DDDD YieldMax(R) U.S. Stocks Target Double Distribution ETF Synthetic covered call on SPY | 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) | S&P 500 (SPY) |
| Pays | not established | monthly |
| Payout rate, annualized | 18.4% | 9.5% |
| Expense ratio | 1.01% | 0.49% |
| Cash paid, 1 year | 1.6% (since launch on Mar 12, 2026) | 5.8% (since launch on Feb 18, 2026) |
| Price change, 1 year | +7.0% | +4.9% |
| Total return, 1 year | +8.7% (since launch on Mar 12, 2026) | +11.0% (since launch on Feb 18, 2026) |
| Benchmark return, 1 year | +15.3% | +11.8% |
| Ahead or behind | −6.5 pts | −0.8 pts |
| Return of capital, latest estimate | 67% | not published |
| Age | 190 days | 212 days |
| Net assets | $7m | $2m |
DDDD in plain words
Over the period since launch on Mar 12, 2026 to Sep 18, 2026, DDDD paid 1.6% of its starting value in cash distributions while its price rose 7.0%. With every distribution reinvested, the fund returned +8.7%. S&P 500 (SPY) returned +15.3% over the same days, so a holder was behind by 6.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 18.4%, paid periodically. YieldMax estimates that 67% of the distribution paid Jul 6, 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, DDDD or TPAY?
- DDDD charges 1.01% 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, DDDD against TPAY, data as of Sep 18, 2026. https://etfiq.com/compare/income/dddd-vs-tpay Free to use with attribution; the underlying files are at Open data.