Which is cheaper, MPIM or PAYM?

MPIM charges 0.70% a year and PAYM charges 0.74%, so MPIM is cheaper. Fees come from each fund's prospectus.

Data as of Nov 12, 2026.

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MPIM vs PAYM: Dividend Yield & Total Return

Return, fees and overlap, side by side.

Return gap

+8.9 pts

3 months to Nov 12, 2026: PAYM ahead, total return

Fee gap

0.04 pts

A year: MPIM 0.70%, PAYM 0.74%, per filings dated Dec 23, 2025 and Aug 7, 2026

Overlap

–

No book read for both funds

Net flow

–

Needs daily flows for both funds

Pair scorecard

MPIM costs 0.04 points a year less.

Points (pts) are percentage points.

MPIM vs PAYM: Dividend Yield & Total Return
Measure	MPIM	PAYM
Paid and earned
Measure	MPIM	PAYM
Price change, since Aug 12, 2026	fell 12.8%
Cost and size
Measure	MPIM	PAYM
Expense ratio	0.70%	0.74%
Net assets	not read by ETFIQ	$128m
Holdings
Measure	MPIM	PAYM
Holdings in common	not published

Method

Side by side

MPIM m+ Income Momentum Autocall ETF · Autocallable PAYM TrueShares S&P Autocallable Defensive Income ETF · Autocallable, paying monthly

Issuer m+ TrueShares

Strategy autocallable autocallable

Benchmark not set not set

Pays not established monthly

Payout rate, annualized 17.0% 10.3%

Expense ratio 0.70% 0.74%

Cash paid, 1 year 3.0% (since launch, Aug 12, 2026) not available

Price change, 1 year −12.8% (since launch, Aug 12, 2026) not available

Total return, 1 year −10.0% (since launch, Aug 12, 2026) not available

Benchmark return, 1 year not published not available

Ahead or behind not available not available

Return of capital, latest estimate not published 98%

Age 92 days not stated

Net assets not read by ETFIQ $128m

As of Nov 12, 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: MPIM vs PAYM: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	MPIM	PAYM	MPIM	PAYM	MPIM	PAYM
3 months	−10.6%	−1.7%	3.0%	2.5%	not measured	not measured
Since launch	−10.0%	–	3.0%	–	not measured	–

– means no data for this window. Open this comparison in the app →

Alert

About each fund

MPIM

Over the period from its first trade on Aug 12, 2026 to Nov 12, 2026, MPIM paid 3.0% of its starting value in cash distributions while its price fell 12.8%. With every distribution reinvested, the fund returned −10.0%. At its price on Nov 12, 2026 the latest distribution annualizes to 17.0%, paid periodically.

PAYM

At its price on Nov 12, 2026 the latest distribution annualizes to 10.3%, paid monthly. TrueShares estimates that 98% of the distribution paid Nov 3, 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, MPIM or PAYM?: MPIM charges 0.70% a year and PAYM charges 0.74%, so MPIM is cheaper. Fees come from each fund's prospectus.

Other comparisons

MPIM vs QQQI MPIM vs OVQ MPIM vs QQDH MPIM vs RECI PAYM vs ACII PAYM vs ACQQ PAYM vs ACYB PAYM vs CAIQ

Where to next

All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →MPIM on its own →PAYM on its own →MPIM dividend history →PAYM dividend history →Method →Standards and sources →

Sources and dates

MPIM filings on SEC EDGAR ↗

MPIM prospectus with the expense ratio (SEC) ↗

PAYM filings on SEC EDGAR ↗

PAYM prospectus with the expense ratio (SEC) ↗

PAYM 19a-1 distribution notice ↗

TrueShares website ↗

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

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, MPIM against PAYM, data as of Nov 12, 2026. https://etfiq.com/compare/income/mpim-vs-paym

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MPIM and PAYM both write options for income.

MPIM on its own →PAYM on its own →

Growth of 100

MPIM and PAYM

Total return, distributions reinvested, 3 months.

MPIM −10.6%PAYM −1.7%

Aug 13, 2026Nov 12, 2026

MPIM −10.6%, PAYM −1.7%: PAYM +8.9 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.