Data as of .
OARK vs XPAY: which paid, and which earned it?
Over the year OARK paid 37.4% of its price in cash against XPAY’s 19.9%, though XPAY returned more with it reinvested.
ETFIQ Return Stability Score: XPAY scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, OARK and XPAY hold 1% of their money in the same securities at the same weight.
| Holding | OARK | XPAY |
|---|---|---|
| First American Government Obligations Fund 12/01/2031 | 1.09% | 4.95% |
| Only in OARK | Only in XPAY |
|---|---|
| United States Treasury Note/Bond 2.375% 05/15/2027 31.97% | SPY 02/12/2027 33.47 C 13.75% |
| United States Treasury Bill 02/18/2027 31.91% | SPY 07/16/2027 36.7 C 11.79% |
| United States Treasury Bill 07/08/2027 22.43% | SPY 03/12/2027 33.67 C 11.51% |
| 2ARKK US 11/20/26 C85.01 FLX 8.43% | SPY 04/16/2027 33.87 C 11.49% |
| United States Treasury Bill 12/10/2026 6.55% | SPY 06/11/2027 37.11 C 10.07% |
| United States Treasury Bill 10/15/2026 3.23% | SPY 01/15/2027 33.21 C 6.96% |
| ARKK US 09/25/26 C86 0.66% | SPY 12/11/2026 33.1 C 6.40% |
| ARKK US 09/25/26 C91 0.26% | SPY 09/10/2027 37.99 C 5.57% |
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 Sep 18, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| OARK | XPAY | OARK | XPAY | OARK | XPAY | |
| 3 months | +3.9% | +2.0% | 9.0% | 5.0% | +6.4 pts | −0.3 pts |
| 6 months | +20.0% | +17.8% | 22.6% | 11.1% | −4.2 pts | −0.2 pts |
| 1 year | +6.6% | +15.7% | 37.4% | 19.9% | −15.2 pts | −0.9 pts |
| 3 years | +61.9% | not published | 87.5% | not published | −36.3 pts | not published |
| Since launch | +58.8% | +34.7% | 89.4% | 37.5% | −96.7 pts | −2.3 pts |
| OARK YieldMax(R) Innovation Option Income Strategy ETF Synthetic covered call on QQQ, paying weekly | XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | YieldMax | Roundhill |
| Strategy | synthetic covered call | option income |
| Benchmark | Nasdaq-100 (QQQ), used as the innovation proxy | S&P 500 (SPY) |
| Pays | weekly | monthly |
| Payout rate, annualized | 27.9% | 20.8% |
| Expense ratio | 1.00% | 0.49% |
| Cash paid, 1 year | 37.4% | 19.9% |
| Price change, 1 year | −34.0% | −5.8% |
| Total return, 1 year | +6.6% | +15.7% |
| Benchmark return, 1 year | +21.8% | +16.6% |
| Ahead or behind | −15.2 pts | −0.9 pts |
| Return of capital, latest estimate | 0% | not published |
| Age | 1395 days | 687 days |
| Net assets | $32m | $179m |
OARK in plain words
Over the year to Sep 18, 2026, OARK paid 37.4% of its starting value in cash distributions while its price fell 34.0%. With every distribution reinvested, the fund returned +6.6%. Nasdaq-100 (QQQ), used as the innovation proxy returned +21.8% over the same days, so a holder was behind by 15.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 27.9%, paid weekly. YieldMax estimates that 0% of the distribution paid Sep 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
XPAY in plain words
Over the year to Sep 18, 2026, XPAY paid 19.9% of its starting value in cash distributions while its price fell 5.8%. With every distribution reinvested, the fund returned +15.7%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 20.8%, paid monthly.
Questions people ask
- Which paid more, OARK or XPAY?
- Over the year to Sep 18, 2026, OARK paid 37.4% of its starting price in cash and XPAY paid 19.9%, so OARK paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, OARK or XPAY?
- With every distribution reinvested, OARK returned +6.6% and XPAY returned +15.7% over the year to Sep 18, 2026, so XPAY returned more.
- Which is cheaper, OARK or XPAY?
- OARK charges 1.00% a year and XPAY charges 0.49%, so XPAY 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, OARK against XPAY, data as of Sep 18, 2026. https://etfiq.com/compare/income/oark-vs-xpay Free to use with attribution; the underlying files are at Open data.