Which is cheaper, JUDO or XPAY?

JUDO charges 0.55% a year and XPAY charges 0.49%, so XPAY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JUDO vs XPAY: Dividend Yield & Total Return

JUDO and XPAY 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 $187m on Nov 4, 2026 for Roundhill S&P 500 Target 20 Managed Distribution ETF.

JUDO on its own →XPAY on its own →

At a glance

3.8%

JUDO cash paid, since launch, Mar 25, 2026

19.7%

XPAY cash paid, 1 year

+16.1%

JUDO total return, since launch, Mar 25, 2026

+14.0%

XPAY total return, 1 year

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.

XPAY · 1 year to Nov 4, 2026 0.8 pts behind VOO

XPAY

+14.0%

VOO

+14.8%

0.8 pts behind VOO

XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.

VOO

+14.8%

XPAY

+14.0%

19.7% of it arrived as cash

0.8 pts behind VOO

Total return, distributions reinvested

0.8 pts behind VOO

XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.

VOO

+14.8%

XPAY

+14.0%

19.7% as cash

0.8 pts behind VOO

19.7% of it arrived as cash. Both charts share one scale, with zero at the line. XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

XPAY costs 0.06 points a year less.

Points (pts) are percentage points.

JUDO vs XPAY: Dividend Yield & Total Return
Measure	JUDO	XPAY
Paid and earned
Measure	JUDO	XPAY
Total return, 1 year	not published	+14.0%
Price change	rose 2.7% (6 months)	fell 7.2% (1 year)
Return of capital, issuer estimate		100% of the Oct 15, 2026 payment
Against its benchmark
Measure	JUDO	XPAY
Benchmark	its own stocks	Vanguard S&P 500 ETF, measured through VOO
Against its benchmark, same days	ahead by 0.6 pts	behind by 0.8 pts
Cost and size
Measure	JUDO	XPAY
Expense ratio	0.55%	0.49%
Net assets, JUDO as of Jul 31, 2026 and XPAY as of Nov 4, 2026	$7.0m	$187m
Holdings
Measure	JUDO	XPAY
Holdings in common	0%

Method

What they share

By the books each fund has filed, JUDO and XPAY 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 XPAY

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 XPAY

SPY 12/10/2027 38.04 C 94.39%

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 XPAY Roundhill S&P 500 Target 20 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% 21.1%

Expense ratio 0.55% 0.49%

Cash paid, 1 year 3.8% (since launch, Mar 25, 2026) 19.7%

Price change, 1 year +12.2% (since launch, Mar 25, 2026) −7.2%

Total return, 1 year +16.1% (since launch, Mar 25, 2026) +14.0%

Benchmark return, 1 year not published +14.8%

Ahead or behind not available −0.8 pts

Return of capital, latest estimate not published 100%

Age 224 days 2.0 years

Net assets, JUDO as of Jul 31, 2026 and XPAY as of Nov 4, 2026 $7.0m $187m

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 XPAY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JUDO	XPAY	JUDO	XPAY	JUDO	XPAY
3 months	−1.2%	−0.3%	1.6%	5.0%	+0.5 pts	−0.2 pts
6 months	+5.8%	+4.9%	3.1%	10.0%	+0.6 pts	−0.1 pts
1 year	–	+14.0%	–	19.7%	–	−0.9 pts
Since launchNot the same days: JUDO Mar 2026 · XPAY Oct 2024	+16.1%	+35.6%	3.8%	39.0%	not measured	−2.6 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.

XPAY

Over the year to Nov 4, 2026, XPAY paid 19.7% of its starting value in cash distributions while its price fell 7.2%. With every distribution reinvested, the fund returned +14.0%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 0.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 21.1%, 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 XPAY?: JUDO charges 0.55% a year and XPAY charges 0.49%, so XPAY is cheaper. Fees come from each fund's prospectus.

Other comparisons

JUDO vs TSPY JUDO vs OVLH JUDO vs OVL JUDO vs XISE XPAY vs RNTY XPAY vs SCEP XPAY vs TCAL XPAY 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 →XPAY on its own →JUDO dividend history →JUDO holdings →XPAY dividend history →XPAY holdings →Method →Standards and sources →

Sources and dates

JUDO filings on SEC EDGAR ↗

JUDO prospectus with the expense ratio (SEC) ↗

Janus Henderson website ↗

XPAY filings on SEC EDGAR ↗

XPAY prospectus with the expense ratio (SEC) ↗

XPAY 19a-1 distribution notice ↗

Roundhill page for XPAY ↗

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 XPAY, data as of Nov 4, 2026. https://etfiq.com/compare/income/judo-vs-xpay

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