Which is cheaper, FGSI or TPAY?

FGSI charges 0.85% a year and TPAY charges 0.49%, so TPAY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

FGSI vs TPAY: Dividend Yield & Total Return

FGSI and TPAY both write options for income.

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Net assets: $2.0m on Nov 3, 2026 for FT Vest Growth Strength & Target Income ETF, and $2.1m on Nov 4, 2026 for Roundhill S&P 500 Target 10 Managed Distribution ETF.

FGSI on its own →TPAY on its own →

At a glance

8.3%

FGSI cash paid, 1 year

6.6%

TPAY cash paid, since launch, Feb 18, 2026

+9.0%

FGSI total return, 1 year

+11.6%

TPAY total return, since launch, Feb 18, 2026

FGSI · 1 year to Nov 4, 2026 About even with FTGS

FGSI

+9.0%

FTGS

+8.8%

About even with FTGS

FGSI over 1 year: paid 8.3%, price +0.2%, total +9.0%, FTGS +8.8%, +0.2 pts. Data to Nov 4, 2026.

FTGS

+8.8%

FGSI

+9.0%

8.3% of it arrived as cash

about even with FTGS

Total return, distributions reinvested

About even with FTGS

FGSI over 1 year: paid 8.3%, price +0.2%, total +9.0%, FTGS +8.8%, +0.2 pts. Data to Nov 4, 2026.

FTGS

+8.8%

FGSI

+9.0%

8.3% as cash

about even with FTGS

8.3% of it arrived as cash. Total return, distributions reinvested. FGSI over 1 year: paid 8.3%, price +0.2%, total +9.0%, FTGS +8.8%, +0.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

TPAY · since launch to Nov 4, 2026 1 pt behind VOO

TPAY

+11.6%

VOO

+12.6%

1 pt behind VOO

TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.

VOO

+12.6%

TPAY

+11.6%

6.6% of it arrived as cash

1 pt behind VOO

Total return, distributions reinvested

1 pt behind VOO

TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.

VOO

+12.6%

TPAY

+11.6%

6.6% cash

1 pt behind VOO

6.6% of it arrived as cash. Both charts share one scale, 0 to +12.6%. TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +12.6%. Data to Nov 4, 2026.

Pair scorecard

TPAY costs 0.36 points a year less; TPAY is 1.1 times larger.

Points (pts) are percentage points.

FGSI vs TPAY: Dividend Yield & Total Return
Measure	FGSI	TPAY
Paid and earned
Measure	FGSI	TPAY
Total return, 1 year	+9.0%	not published
Price change	rose 0.2% (1 year)	rose 4.6% (since Feb 18, 2026)
Return of capital, issuer estimate	53% of the Oct 30, 2026 payment	100% of the Oct 15, 2026 payment
Against its benchmark
Measure	FGSI	TPAY
Benchmark	First Trust Growth Strength ETF, measured through FTGS	Vanguard S&P 500 ETF, measured through VOO
Against its benchmark, same days		behind by 1.0 pts
Cost and size
Measure	FGSI	TPAY
Expense ratio	0.85%	0.49%
Net assets, as of Nov 3, 2026	$2.0m	$2.1m
Holdings
Measure	FGSI	TPAY
Holdings in common	0%

Method

What they share

By the books each fund has filed, FGSI and TPAY hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first FGSI TPAY

Only in one fund ↓

Only in FGSI

Vertiv Holdings Co (Class A) 2.28%

Eli Lilly and Company 2.25%

United Therapeutics Corporation 2.25%

Blackstone Inc. 2.21%

Delta Air Lines, Inc. 2.20%

Monolithic Power Systems, Inc. 2.18%

General Dynamics Corporation 2.16%

S&P Global Inc. 2.16%

Only in TPAY

SPY 03/12/2027 33.67 C 44.68%

SPY 04/16/2027 33.18 C 44.62%

SPYM 03/12/2027 3.33 C 6.11%

Check overlap with more funds →

Side by side

FGSI FT Vest Growth Strength & Target Income ETF · Writes calls on the S&P 500, measured against The Growth Strength Index, paying monthly TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF · Option income on VOO, paying monthly

Issuer First Trust Roundhill

Strategy option income option income

Benchmark First Trust Growth Strength ETF (FTGS) Vanguard S&P 500 ETF (VOO)

Pays monthly monthly

Payout rate, annualized 8.3% 9.5%

Expense ratio 0.85% 0.49%

Cash paid, 1 year 8.3% 6.6% (since launch, Feb 18, 2026)

Price change, 1 year +0.2% +4.6% (since launch, Feb 18, 2026)

Total return, 1 year +9.0% +11.6% (since launch, Feb 18, 2026)

Benchmark return, 1 year +8.8% +12.6% (since launch, Feb 18, 2026)

Ahead or behind +0.2 pts −1.0 pts (since launch, Feb 18, 2026)

Return of capital, latest estimate 53% 100%

Age 1.4 years 259 days

Net assets, FGSI as of Nov 3, 2026 and TPAY as of Nov 4, 2026 $2.0m $2.1m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: FGSI vs TPAY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FGSI	TPAY	FGSI	TPAY	FGSI	TPAY
3 months	−2.2%	−0.8%	2.0%	2.3%	+0.6 pts	−0.7 pts
6 months	+6.3%	+4.2%	4.3%	4.7%	+0.2 pts	−0.8 pts
1 year	+9.0%	–	8.3%	–	+0.2 pts	–
Since launchNot the same days: FGSI Jun 2025 · TPAY Feb 2026	+13.6%	+11.6%	11.3%	6.6%	−0.7 pts	−1.1 pts

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Alert

About each fund

FGSI

Over the year to Nov 4, 2026, FGSI paid 8.3% of its starting value in cash distributions while its price rose 0.2%. With every distribution reinvested, the fund returned +9.0%. First Trust Growth Strength ETF (FTGS) returned +8.8% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 8.3%, paid monthly. First Trust estimates that 53% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

TPAY

Over the period from its first trade on Feb 18, 2026 to Nov 4, 2026, TPAY paid 6.6% of its starting value in cash distributions while its price rose 4.6%. With every distribution reinvested, the fund returned +11.6%. Vanguard S&P 500 ETF (VOO) returned +12.6% over the same days, so a holder was behind by 1.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.5%, paid monthly. Roundhill estimates that 100% of the distribution paid Oct 15, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, FGSI or TPAY?: FGSI charges 0.85% a year and TPAY charges 0.49%, so TPAY is cheaper. Fees come from each fund's prospectus.

Other comparisons

FGSI vs SDTY FGSI vs XPAY FGSI vs TSPY FGSI vs LJUL TPAY vs XVSP TPAY vs YQQQ TPAY vs XIDE TPAY vs XIMR

Where to next

First Trust Growth Strength ETF (FTGS) →Vanguard S&P 500 ETF (VOO) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →FGSI on its own →TPAY on its own →FGSI dividend history →FGSI holdings →TPAY dividend history →TPAY holdings →Method →Standards and sources →

Sources and dates

FGSI filings on SEC EDGAR ↗

FGSI prospectus with the expense ratio (SEC) ↗

FGSI 19a-1 distribution notice ↗

First Trust page for FGSI ↗

TPAY filings on SEC EDGAR ↗

TPAY prospectus with the expense ratio (SEC) ↗

TPAY 19a-1 distribution notice ↗

Roundhill page for TPAY ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, FGSI against TPAY, data as of Nov 4, 2026. https://etfiq.com/compare/income/fgsi-vs-tpay

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.