Data as of .
DDDD vs XPAY: which paid, and which earned it?
DDDD and XPAY both write options for income.
What they hold in common
By the books each fund has filed, DDDD and XPAY hold 2% of their money in the same securities at the same weight.
| Holding | DDDD | XPAY |
|---|---|---|
| First American Government Obligations Fund 12/01/2031 | 1.65% | 4.95% |
| Only in DDDD | Only in XPAY |
|---|---|
| Merck & Co Inc 4.93% | SPY 02/12/2027 33.47 C 13.75% |
| Abbott Laboratories 4.53% | SPY 07/16/2027 36.7 C 11.79% |
| Amgen Inc 4.38% | SPY 03/12/2027 33.67 C 11.51% |
| Coca-Cola Co/The 4.30% | SPY 04/16/2027 33.87 C 11.49% |
| Chevron Corp 4.25% | SPY 06/11/2027 37.11 C 10.07% |
| ConocoPhillips 4.07% | SPY 01/15/2027 33.21 C 6.96% |
| Procter & Gamble Co/The 4.01% | SPY 12/11/2026 33.1 C 6.40% |
| Verizon Communications Inc 3.96% | 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
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| DDDD | XPAY | DDDD | XPAY | DDDD | XPAY | |
| 3 months | +4.9% | +2.0% | 1.6% | 5.0% | +2.6 pts | −0.3 pts |
| 6 months | +10.5% | +17.8% | 1.7% | 11.1% | −7.6 pts | −0.2 pts |
| 1 year | not published | +15.7% | not published | 19.9% | not published | −0.9 pts |
| Since launch | +8.7% | +34.7% | 1.6% | 37.5% | −6.5 pts | −2.3 pts |
| DDDD YieldMax(R) U.S. Stocks Target Double Distribution ETF Synthetic covered call on SPY | XPAY Roundhill S&P 500 Target 20 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% | 20.8% |
| Expense ratio | 1.01% | 0.49% |
| Cash paid, 1 year | 1.6% (since launch on Mar 12, 2026) | 19.9% |
| Price change, 1 year | +7.0% | −5.8% |
| Total return, 1 year | +8.7% (since launch on Mar 12, 2026) | +15.7% |
| Benchmark return, 1 year | +15.3% | +16.6% |
| Ahead or behind | −6.5 pts | −0.9 pts |
| Return of capital, latest estimate | 67% | not published |
| Age | 190 days | 687 days |
| Net assets | $7m | $179m |
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).
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 is cheaper, DDDD or XPAY?
- DDDD charges 1.01% 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.
Cite this page. ETFIQ, DDDD against XPAY, data as of Sep 18, 2026. https://etfiq.com/compare/income/dddd-vs-xpay Free to use with attribution; the underlying files are at Open data.