Which is cheaper, JUDO or TPAY?

JUDO charges 0.55% 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

JUDO vs TPAY: Dividend Yield & Total Return

JUDO and TPAY both write options for income.

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Net assets: $7.0m on Jul 31, 2026 for Janus Henderson U.S. Equity Enhanced Income ETF, and $2.1m on Nov 4, 2026 for Roundhill S&P 500 Target 10 Managed Distribution ETF.

JUDO on its own →TPAY on its own →

At a glance

3.8%

JUDO cash paid, since launch, Mar 25, 2026

6.6%

TPAY cash paid, since launch, Feb 18, 2026

+16.1%

JUDO total return, since launch, Mar 25, 2026

+11.6%

TPAY total return, since launch, Feb 18, 2026

JUDO · since launch to Nov 4, 2026 Not measured

JUDO

+16.1%

none

Not measured

JUDO since launch: paid 3.8%, price +12.2%, total +16.1%, not measured against a benchmark. Data to Nov 4, 2026.

JUDO

+16.1%

3.8% as cash

Total return, distributions reinvested

Not measured

JUDO since launch: paid 3.8%, price +12.2%, total +16.1%, not measured against a benchmark. Data to Nov 4, 2026.

JUDO

+16.1%

3.8% of it arrived as cash. Total return, distributions reinvested. JUDO since launch: paid 3.8%, price +12.2%, total +16.1%, not measured against a benchmark. 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%

1 pt behind VOO

6.6% of it arrived as cash. Both charts share one scale, 0 to +16.1%. 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 +16.1%. Data to Nov 4, 2026.

Pair scorecard

TPAY costs 0.06 points a year less.

Points (pts) are percentage points.

JUDO vs TPAY: Dividend Yield & Total Return
Measure	JUDO	TPAY
Paid and earned
Measure	JUDO	TPAY
Price change	rose 2.7% (6 months)	rose 4.6% (since Feb 18, 2026)
Return of capital, issuer estimate		100% of the Oct 15, 2026 payment
Against its benchmark
Measure	JUDO	TPAY
Benchmark	its own stocks	Vanguard S&P 500 ETF, measured through VOO
Against its benchmark, same days	ahead by 0.6 pts	behind by 1.0 pts
Cost and size
Measure	JUDO	TPAY
Expense ratio	0.55%	0.49%
Net assets, JUDO as of Jul 31, 2026 and TPAY as of Nov 4, 2026	$7.0m	$2.1m
Holdings
Measure	JUDO	TPAY
Holdings in common	0%

Method

What they share

By the books each fund has filed, JUDO and TPAY hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first JUDO TPAY

Only in one fund ↓

Only in JUDO

NVIDIA Corp. 7.84%

Alphabet, Inc. 6.79%

Microsoft Corp. 6.64%

Amazon.com, Inc. 5.17%

Apple, Inc. 4.38%

Broadcom, Inc. 3.56%

JPMorgan Chase & Co. 2.31%

Eli Lilly & Co. 2.07%

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

JUDO Janus Henderson U.S. Equity Enhanced Income ETF · Covered call on its own stocks, paying monthly TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF · Option income on VOO, paying monthly

Issuer Janus Henderson Roundhill

Strategy covered call option income

Benchmark JUDO's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) Vanguard S&P 500 ETF (VOO)

Pays monthly monthly

Payout rate, annualized 6.4% 9.5%

Expense ratio 0.55% 0.49%

Cash paid, 1 year 3.8% (since launch, Mar 25, 2026) 6.6% (since launch, Feb 18, 2026)

Price change, 1 year +12.2% (since launch, Mar 25, 2026) +4.6% (since launch, Feb 18, 2026)

Total return, 1 year +16.1% (since launch, Mar 25, 2026) +11.6% (since launch, Feb 18, 2026)

Benchmark return, 1 year not published +12.6% (since launch, Feb 18, 2026)

Ahead or behind not available −1.0 pts (since launch, Feb 18, 2026)

Return of capital, latest estimate not published 100%

Age 224 days 259 days

Net assets, JUDO as of Jul 31, 2026 and TPAY as of Nov 4, 2026 $7.0m $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: JUDO vs TPAY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JUDO	TPAY	JUDO	TPAY	JUDO	TPAY
3 months	−1.2%	−0.8%	1.6%	2.3%	+0.5 pts	−0.7 pts
6 months	+5.8%	+4.2%	3.1%	4.7%	+0.6 pts	−0.8 pts
Since launchNot the same days: JUDO Mar 2026 · TPAY Feb 2026	+16.1%	+11.6%	3.8%	6.6%	not measured	−1.1 pts

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Alert

About each fund

JUDO

JUDO's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) returned +5.2% over the same days, so a holder was ahead by 0.6 pts.

Over the 6 months to Nov 4, 2026, JUDO paid 3.1% of its starting value in cash distributions while its price rose 2.7%. With every distribution reinvested, the fund returned +5.8%. At its price on Nov 4, 2026 the latest distribution annualizes to 6.4%, paid monthly.

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). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, JUDO or TPAY?: JUDO charges 0.55% a year and TPAY charges 0.49%, so TPAY is cheaper. Fees come from each fund's prospectus.

Other comparisons

JUDO vs TSPY JUDO vs OVL JUDO vs LJUL JUDO vs LAPR TPAY vs RNTY TPAY vs SCEP TPAY vs TCAL TPAY vs CVRD

Where to next

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

Sources and dates

JUDO filings on SEC EDGAR ↗

JUDO prospectus with the expense ratio (SEC) ↗

Janus Henderson website ↗

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

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