Which paid more, MSFO or XDTE?

Over the year to Oct 28, 2026, MSFO paid 26.1% of its starting price in cash and XDTE paid 25.5%, so MSFO paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, MSFO or XDTE?

With every distribution reinvested, MSFO returned +0.2% and XDTE +13.6% over the year to Oct 28, 2026.

Which is cheaper, MSFO or XDTE?

MSFO charges 1.03% a year and XDTE charges 0.97%, so XDTE is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Income ETFs

MSFO vs XDTE: Dividend Yield & Total Return

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Over the year to Oct 28, 2026, MSFO paid 26.1% of its price in cash against XDTE’s 25.5%, though XDTE returned more with it reinvested.

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Net assets: $100m on Oct 27, 2026 for YieldMax MSFT Option Income Strategy ETF, and $322m on Oct 28, 2026 for Roundhill S&P 500 0DTE Covered Call Strategy ETF.

MSFO on its own →XDTE on its own →

At a glance

26.1%

MSFO cash paid, 1 year

25.5%

XDTE cash paid, 1 year

+0.2%

MSFO total return, 1 year

+13.6%

XDTE total return, 1 year

MSFO · 1 year to Oct 28, 2026 1.4 pts ahead of MSFT

MSFO

+0.2%

MSFT

−1.2%

1.4 pts ahead of MSFT

MSFO over 1 year: paid 26.1%, price −30.2%, total +0.2%, MSFT −1.2%, +1.4 pts. Data to Oct 28, 2026.

MSFT

−1.2%

MSFO

+0.2%

1.4 pts ahead of MSFT

Total return, distributions reinvested

1.4 pts ahead of MSFT

MSFO over 1 year: paid 26.1%, price −30.2%, total +0.2%, MSFT −1.2%, +1.4 pts. Data to Oct 28, 2026.

MSFT

−1.2%

MSFO

+0.2%

1.4 pts ahead of MSFT

26.1% of it arrived as cash. Total return, distributions reinvested. MSFO over 1 year: paid 26.1%, price −30.2%, total +0.2%, MSFT −1.2%, +1.4 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

XDTE · 1 year to Oct 28, 2026 About even with SPY

XDTE

+13.6%

SPY

+13.6%

About even with SPY

XDTE over 1 year: paid 25.5%, price −14.3%, total +13.6%, SPY +13.6%, 0.0 pts. Data to Oct 28, 2026.

SPY

+13.6%

XDTE

+13.6%

25.5% of it arrived as cash

about even with SPY

Total return, distributions reinvested

About even with SPY

XDTE over 1 year: paid 25.5%, price −14.3%, total +13.6%, SPY +13.6%, 0.0 pts. Data to Oct 28, 2026.

SPY

+13.6%

XDTE

+13.6%

25.5% as cash

about even with SPY

25.5% of it arrived as cash. Both charts share one scale, with zero at the line. XDTE over 1 year: paid 25.5%, price −14.3%, total +13.6%, SPY +13.6%, 0.0 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

Pair scorecard

XDTE costs 0.06 points a year less; their one-year returns differ by 13.4 points; XDTE is 3.2 times larger.

Points (pts) are percentage points.

MSFO vs XDTE: Dividend Yield & Total Return
Measure	MSFO	XDTE
Paid and earned
Measure	MSFO	XDTE
Total return, 1 year	+0.2%	+13.6%
Price change, 1 year	fell 30.2%	fell 14.3%
Return of capital, issuer estimate	89% of the Oct 30, 2026 payment	100% of the Oct 23, 2026 payment
Against its benchmark
Measure	MSFO	XDTE
Benchmark	Microsoft (MSFT)	S&P 500, measured through SPY
Cost and size
Measure	MSFO	XDTE
Expense ratio	1.03%	0.97%
Net assets, as of Oct 27, 2026	$100m	$321m
Holdings
Measure	MSFO	XDTE
Holdings in common	0%

ETFIQ Distribution Coverage Score · MSFO scores higher How much of what it paid out did its total return cover?

MSFO among the 74 income ETFs writing on a single company

IQ Income Score61.5MSFO37.5XDTE

How much of its payouts the fund's total return covered, ranked against 74 income ETFs writing on a single company and 164 income ETFs not writing on a single company. 100 is best. How it is computed

MSFO 61.5

0.7, the lowest in this set 99.3, the highest

XDTE among the 164 income ETFs not writing on a single company

XDTE 37.5

0.3, the lowest in this set 99.7, the highest

A percentile among the 74 income ETFs writing on a single company. XDTE is a percentile among the 164 income ETFs not writing on a single company, a different set, so the two marks are not on one scale. One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Holdings in common uses holdings dated Oct 28, 2026. Method

What they share

By the books each fund has filed, MSFO and XDTE hold 0% of their money in the same securities at the same weight. Holdings dated Oct 28, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first MSFO XDTE

Only in one fund ↓

Only in MSFO

United States Treasury Note/Bond 2.375% 05/15/2027 25.91%

United States Treasury Note/Bond 3.375% 09/15/2027 13.60%

MSFT 11/20/2026 480.01 C 11.13%

MSFT US 10/30/26 C535 1.14%

MSFT US 10/30/26 C530 0.73%

MSFT US 10/30/26 C532.5 0.70%

MSFT 11/20/2026 480.01 P -0.54%

MSFT US 10/30/26 C522.5 -1.01%

Only in XDTE

SPY 11/19/2027 77.43 C 90.12%

Check overlap with more funds →

Side by side

MSFO YieldMax MSFT Option Income Strategy ETF · Synthetic covered call on MSFT, paying weekly XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF · 0DTE covered call on SPY, paying weekly

Issuer YieldMax Roundhill

Strategy synthetic covered call 0DTE covered call

Benchmark Microsoft (MSFT) S&P 500 (SPY)

Pays weekly weekly

Payout rate, annualized 34.0% 15.2%

Expense ratio 1.03% 0.97%

Cash paid, 1 year 26.1% 25.5%

Price change, 1 year −30.2% −14.3%

Total return, 1 year +0.2% +13.6%

Benchmark return, 1 year −1.2% +13.6%

Ahead or behind +1.4 pts 0.0 pts

Return of capital, latest estimate 89% 100%

Age 3.2 years 2.6 years

Net assets, MSFO as of Oct 27, 2026 and XDTE as of Oct 28, 2026 $100m $322m

As of Oct 28, 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: MSFO vs XDTE: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	MSFO	XDTE	MSFO	XDTE	MSFO	XDTE
3 months	+31.5%	+5.7%	12.5%	4.4%	−4.8 pts	−0.5 pts
6 months	+20.2%	+8.2%	19.5%	9.6%	−5.4 pts	−0.8 pts
1 year	+0.2%	+13.6%	26.1%	25.5%	+1.5 pts	0.0 pts
3 years	+57.1%	–	79.1%	–	−7.7 pts	–
Since launchNot the same days: MSFO Aug 2023 · XDTE Mar 2024	+64.8%	+47.8%	83.2%	60.6%	−3.4 pts	−7.1 pts

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Client brief · page 1 of 2 Report BR-0D592298BE

MSFO and XDTE are built for the same job. How do they differ in cost, holdings and results?

What each is measured against. MSFO is measured against Microsoft (MSFT) and XDTE against S&P 500 through SPY.
Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 28, 2026).
One-year total return. Over 1 year to Oct 28, 2026 MSFO returned +0.2% and XDTE +13.6% with distributions reinvested, a gap of 13.4 points.

Data as of Oct 28, 2026.

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About each fund

MSFO

Over the year to Oct 28, 2026, MSFO paid 26.1% of its starting value in cash distributions while its price fell 30.2%. With every distribution reinvested, the fund returned +0.2%. Microsoft (MSFT) returned −1.2% over the same days, so a holder was ahead by 1.4 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 34.0%, paid weekly. YieldMax estimates that 89% 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.

XDTE

Over the year to Oct 28, 2026, XDTE paid 25.5% of its starting value in cash distributions while its price fell 14.3%. With every distribution reinvested, the fund returned +13.6%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was about even. At its price on Oct 28, 2026 the latest distribution annualizes to 15.2%, paid weekly. Roundhill estimates that 100% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, MSFO or XDTE?: Over the year to Oct 28, 2026, MSFO paid 26.1% of its starting price in cash and XDTE paid 25.5%, so MSFO paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, MSFO or XDTE?: With every distribution reinvested, MSFO returned +0.2% and XDTE +13.6% over the year to Oct 28, 2026.
Which is cheaper, MSFO or XDTE?: MSFO charges 1.03% a year and XDTE charges 0.97%, so XDTE is cheaper. Fees come from each fund's prospectus.

Other comparisons

MSFO vs SPYI MSFO vs AIPI MSFO vs BALI MSFO vs XYLD XDTE vs YQQQ XDTE vs XSHP XDTE vs PCOV XDTE vs XVSP

Where to next

S&P 500 (SPY) →MSFO on its own →XDTE on its own →MSFO dividend history →MSFO holdings →XDTE dividend history →XDTE holdings →Method →Standards and sources →

Sources and dates

MSFO filings on SEC EDGAR ↗

MSFO prospectus with the expense ratio (SEC) ↗

MSFO 19a-1 distribution notice ↗

YieldMax page for MSFO ↗

XDTE filings on SEC EDGAR ↗

XDTE prospectus with the expense ratio (SEC) ↗

XDTE 19a-1 distribution notice ↗

Roundhill page for XDTE ↗

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

How this is computed

It is a place in a set, not a rating or a recommendation.

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, MSFO against XDTE, data as of Oct 28, 2026. https://etfiq.com/compare/income/msfo-vs-xdte

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