Which is cheaper, KNG or TPAY?

KNG charges 0.74% 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

KNG vs TPAY: Dividend Yield & Total Return

KNG and TPAY both write options for income.

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Net assets: $3.4bn on Nov 3, 2026 for FT Vest S&P 500 Dividend Aristocrats Target Income ETF, and $2.1m on Nov 4, 2026 for Roundhill S&P 500 Target 10 Managed Distribution ETF.

KNG on its own →TPAY on its own →

At a glance

8.8%

KNG cash paid, 1 year

6.6%

TPAY cash paid, since launch, Feb 18, 2026

+20.8%

KNG total return, 1 year

+11.6%

TPAY total return, since launch, Feb 18, 2026

KNG · 1 year to Nov 4, 2026 3.1 pts behind NOBL

KNG

+20.8%

NOBL

+23.9%

3.1 pts behind NOBL

KNG over 1 year: paid 8.8%, price +11.1%, total +20.8%, NOBL +23.9%, −3.1 pts. Data to Nov 4, 2026.

NOBL

+23.9%

KNG

+20.8%

8.8% of it arrived as cash

3.1 pts behind NOBL

Total return, distributions reinvested

3.1 pts behind NOBL

KNG over 1 year: paid 8.8%, price +11.1%, total +20.8%, NOBL +23.9%, −3.1 pts. Data to Nov 4, 2026.

NOBL

+23.9%

KNG

+20.8%

3.1 pts behind NOBL

8.8% of it arrived as cash. Total return, distributions reinvested. KNG over 1 year: paid 8.8%, price +11.1%, total +20.8%, NOBL +23.9%, −3.1 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% 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 +23.9%. 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 +23.9%. Data to Nov 4, 2026.

Pair scorecard

TPAY costs 0.25 points a year less; KNG is far larger, $3.4bn against $2.1m.

Points (pts) are percentage points.

KNG vs TPAY: Dividend Yield & Total Return
Measure	KNG	TPAY
Paid and earned
Measure	KNG	TPAY
Total return, 1 year	+20.8%	not published
Price change	rose 11.1% (1 year)	rose 4.6% (since Feb 18, 2026)
Return of capital, issuer estimate	80% of the Oct 30, 2026 payment	100% of the Oct 15, 2026 payment
Against its benchmark
Measure	KNG	TPAY
Benchmark	S&P 500 Dividend Aristocrats, measured through NOBL	Vanguard S&P 500 ETF, measured through VOO
Against its benchmark, same days	behind by 3.1 pts	behind by 1.0 pts
Cost and size
Measure	KNG	TPAY
Expense ratio	0.74%	0.49%
Net assets, as of Nov 3, 2026	$3.4bn	$2.1m
Holdings
Measure	KNG	TPAY
Holdings in common	0%

Method

What they share

By the books each fund has filed, KNG 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 KNG TPAY

Only in one fund ↓

Only in KNG

Pentair plc 1.89%

Roper Technologies, Inc. 1.70%

Erie Indemnity Company 1.58%

The Clorox Company 1.58%

PPG Industries, Inc. 1.57%

Stanley Black & Decker, Inc. 1.57%

Abbott Laboratories 1.56%

General Dynamics Corporation 1.55%

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

KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF · Dividend stocks with call overlay on NOBL, paying monthly TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF · Option income on VOO, paying monthly

Issuer First Trust Roundhill

Strategy dividend stocks with call overlay option income

Benchmark S&P 500 Dividend Aristocrats (NOBL) Vanguard S&P 500 ETF (VOO)

Pays monthly monthly

Payout rate, annualized 8.0% 9.5%

Expense ratio 0.74% 0.49%

Cash paid, 1 year 8.8% 6.6% (since launch, Feb 18, 2026)

Price change, 1 year +11.1% +4.6% (since launch, Feb 18, 2026)

Total return, 1 year +20.8% +11.6% (since launch, Feb 18, 2026)

Benchmark return, 1 year +23.9% +12.6% (since launch, Feb 18, 2026)

Ahead or behind −3.1 pts −1.0 pts (since launch, Feb 18, 2026)

Return of capital, latest estimate 80% 100%

Age 8.6 years 259 days

Net assets, KNG as of Nov 3, 2026 and TPAY as of Nov 4, 2026 $3.4bn $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: KNG vs TPAY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	KNG	TPAY	KNG	TPAY	KNG	TPAY
3 months	+5.2%	−0.8%	2.0%	2.3%	−0.5 pts	−0.7 pts
6 months	+13.5%	+4.2%	4.3%	4.7%	−1.4 pts	−0.8 pts
1 year	+20.8%	–	8.8%	–	−3.1 pts	–
3 years	+41.8%	–	26.9%	–	−6.7 pts	–
Since launchNot the same days: KNG Mar 2018 · TPAY Feb 2026	+120.8%	+11.6%	61.2%	6.6%	−19.0 pts	−1.1 pts

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Alert

About each fund

KNG

Over the year to Nov 4, 2026, KNG paid 8.8% of its starting value in cash distributions while its price rose 11.1%. With every distribution reinvested, the fund returned +20.8%. S&P 500 Dividend Aristocrats (NOBL) returned +23.9% over the same days, so a holder was behind by 3.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.0%, paid monthly. First Trust estimates that 80% 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, KNG or TPAY?: KNG charges 0.74% a year and TPAY charges 0.49%, so TPAY is cheaper. Fees come from each fund's prospectus.

Other comparisons

KNG vs XPAY KNG vs TSPY KNG vs LJUL KNG vs LAPR TPAY vs RDVI TPAY vs OVL TPAY vs PAPI TPAY vs TSPY

Where to next

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

Sources and dates

KNG filings on SEC EDGAR ↗

KNG prospectus with the expense ratio (SEC) ↗

KNG 19a-1 distribution notice ↗

First Trust page for KNG ↗

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

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