Data as of .
KYLD vs TPAY: which paid, and which earned it?
KYLD and TPAY both write options for income.
What they hold in common
By the books each fund has filed, KYLD and TPAY hold 0% of their money in the same securities at the same weight.
| Only in KYLD | Only in TPAY |
|---|---|
| TREASURY BILL 12.96% | SPY 03/12/2027 33.67 C 61.75% |
| TREASURY BILL 11.01% | SPY 04/16/2027 33.18 C 33.20% |
| Global X Silver Miners ETF 7.09% | SPYM 03/12/2027 3.33 C 5.05% |
| VanEck Gold Miners ETF/USA 6.38% | |
| Advanced Micro Devices Inc 6.21% | |
| Intel Corp 6.19% | |
| Howmet Aerospace Inc 5.97% | |
| Teradyne Inc 5.77% |
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 May 31, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| KYLD | TPAY | KYLD | TPAY | KYLD | TPAY | |
| 3 months | −6.3% | +1.5% | 5.6% | 2.4% | −8.5 pts | −0.8 pts |
| 6 months | +24.4% | +17.3% | 14.1% | 5.3% | +6.4 pts | −0.7 pts |
| Since launch | +2.0% | +11.0% | 20.9% | 5.8% | −10.9 pts | −0.8 pts |
| KYLD Kurv High Income ETF Option income on SPY, paying weekly | TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Kurv | Roundhill |
| Strategy | option income | option income |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY) |
| Pays | weekly | monthly |
| Payout rate, annualized | 25.6% | 9.5% |
| Expense ratio | 1.00% | 0.49% |
| Cash paid, 1 year | 20.9% (since launch on Oct 31, 2025) | 5.8% (since launch on Feb 18, 2026) |
| Price change, 1 year | −20.5% | +4.9% |
| Total return, 1 year | +2.0% (since launch on Oct 31, 2025) | +11.0% (since launch on Feb 18, 2026) |
| Benchmark return, 1 year | +12.9% | +11.8% |
| Ahead or behind | −10.9 pts | −0.8 pts |
| Return of capital, latest estimate | 100% | not published |
| Age | 322 days | 212 days |
| Net assets | $49m | $2m |
KYLD in plain words
Over the period since launch on Oct 31, 2025 to Sep 18, 2026, KYLD paid 20.9% of its starting value in cash distributions while its price fell 20.5%. With every distribution reinvested, the fund returned +2.0%. S&P 500 (SPY), used as a default proxy returned +12.9% over the same days, so a holder was behind by 10.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 25.6%, paid weekly. Kurv estimates that 100% of the distribution paid Sep 3, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
TPAY in plain words
Over the period since launch on Feb 18, 2026 to Sep 18, 2026, TPAY paid 5.8% of its starting value in cash distributions while its price rose 4.9%. With every distribution reinvested, the fund returned +11.0%. S&P 500 (SPY) returned +11.8% over the same days, so a holder was behind by 0.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.5%, paid monthly.
Questions people ask
- Which is cheaper, KYLD or TPAY?
- KYLD charges 1.00% a year and TPAY charges 0.49%, so TPAY 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, KYLD against TPAY, data as of Sep 18, 2026. https://etfiq.com/compare/income/kyld-vs-tpay Free to use with attribution; the underlying files are at Open data.