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Data as of Nov 4, 2026.

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Income ETFs

OARK vs XPAY: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, OARK paid 33.3% of its price in cash against XPAY’s 19.7%, though XPAY returned more with it reinvested.

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Net assets: $38m on Nov 3, 2026 for YieldMax Innovation Option Income Strategy ETF, and $187m on Nov 4, 2026 for Roundhill S&P 500 Target 20 Managed Distribution ETF.

OARK on its own →XPAY on its own →
At a glance
33.3%
OARK cash paid, 1 year
19.7%
XPAY cash paid, 1 year
−2.6%
OARK total return, 1 year
+14.0%
XPAY total return, 1 year
OARK · 1 year to Nov 4, 2026 1.1 pts ahead of ARKK
OARK
−2.6%
ARKK
−3.7%

1.1 pts ahead of ARKK

OARK over 1 year: paid 33.3%, price −36.6%, total −2.6%, ARKK −3.7%, +1.1 pts. Data to Nov 4, 2026.

ARKK

−3.7%

OARK

−2.6%

1.1 pts ahead of ARKK

Total return, distributions reinvested

1.1 pts ahead of ARKK

OARK over 1 year: paid 33.3%, price −36.6%, total −2.6%, ARKK −3.7%, +1.1 pts. Data to Nov 4, 2026.

ARKK

−3.7%

OARK

−2.6%

1.1 pts ahead of ARKK

33.3% of it arrived as cash. Total return, distributions reinvested. OARK over 1 year: paid 33.3%, price −36.6%, total −2.6%, ARKK −3.7%, +1.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.
XPAY · 1 year to Nov 4, 2026 0.8 pts behind VOO
XPAY
+14.0%
VOO
+14.8%

0.8 pts behind VOO

XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.

VOO

+14.8%

XPAY

+14.0%

19.7% of it arrived as cash

0.8 pts behind VOO

Total return, distributions reinvested

0.8 pts behind VOO

XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.

VOO

+14.8%

XPAY

+14.0%

19.7% as cash

0.8 pts behind VOO

19.7% of it arrived as cash. Both charts share one scale, with zero at the line. XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

XPAY costs 0.51 points a year less; their one-year returns differ by 16.6 points; XPAY is 4.8 times larger.

Points (pts) are percentage points.

OARK vs XPAY: Dividend Yield & Total Return
MeasureOARKXPAY
Paid and earned
Total return, 1 year−2.6%+14.0%
Price change, 1 yearfell 36.6%fell 7.2%
Return of capital, issuer estimate100% of the Oct 15, 2026 payment
Against its benchmark
BenchmarkARK Innovation ETF, measured through ARKKVanguard S&P 500 ETF, measured through VOO
Cost and size
Expense ratio1.00%0.49%
Net assets, as of Nov 3, 2026$38m$183m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · XPAY scores higher How much of what it paid out did its total return cover?
IQ Income Score15.3OARK43.4XPAY

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

0.3, the lowest in this set 99.7, the highest

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 →

Method

What they share

0%

By the books each fund has filed, OARK and XPAY hold 0% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first OARK XPAY
Only in one fund ↓
Only in OARK
United States Treasury Note/Bond 3.375% 09/15/2027 31.70%
United States Treasury Note/Bond 2.375% 05/15/2027 25.99%
2ARKK US 11/20/26 C85.01 FLX 1.48%
ARKK US 11/06/26 C83 0.25%
ARKK US 11/06/26 C84 0.07%
ARKK US 11/06/26 C82 -0.16%
ARKK US 11/06/26 C81 -0.68%
2ARKK US 11/20/26 P85.01 FLX -7.39%
Only in XPAY
SPY 12/10/2027 38.04 C 94.39%
Check overlap with more funds →

Side by side

OARK YieldMax Innovation Option Income Strategy ETF · Synthetic covered call on ARKK, paying weekly XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF · Option income on VOO, paying monthly
Issuer YieldMax Roundhill
Strategy synthetic covered call option income
Benchmark ARK Innovation ETF (ARKK) Vanguard S&P 500 ETF (VOO)
Pays weekly monthly
Payout rate, annualized 31.8% 21.1%
Expense ratio 1.00% 0.49%
Cash paid, 1 year 33.3% 19.7%
Price change, 1 year −36.6% −7.2%
Total return, 1 year −2.6% +14.0%
Benchmark return, 1 year −3.7% +14.8%
Ahead or behind +1.1 pts −0.8 pts
Return of capital, latest estimate not published 100%
Age 3.9 years 2.0 years
Net assets, OARK as of Nov 3, 2026 and XPAY as of Nov 4, 2026 $38m $187m

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: OARK vs XPAY: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowOARKXPAYOARKXPAYOARKXPAY
3 months+1.6%−0.3%8.3%5.0%−3.9 pts−0.2 pts
6 months−2.3%+4.9%17.8%10.0%−3.3 pts−0.1 pts
1 year−2.6%+14.0%33.3%19.7%+1.1 pts−0.9 pts
3 years+62.6%–95.8%–−36.1 pts–
Since launchNot the same days: OARK Nov 2022 · XPAY Oct 2024+47.8%+35.6%90.4%39.0%−75.3 pts−2.6 pts

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About each fund
OARK

Over the year to Nov 4, 2026, OARK paid 33.3% of its starting value in cash distributions while its price fell 36.6%. With every distribution reinvested, the fund returned −2.6%. ARK Innovation ETF (ARKK) returned −3.7% over the same days, so a holder was ahead by 1.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 31.8%, paid weekly.

XPAY

Over the year to Nov 4, 2026, XPAY paid 19.7% of its starting value in cash distributions while its price fell 7.2%. With every distribution reinvested, the fund returned +14.0%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 0.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 21.1%, paid monthly. Roundhill estimates that 100% of the distribution paid Oct 15, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which paid more, OARK or XPAY?
Over the year to Nov 4, 2026, OARK paid 33.3% of its starting price in cash and XPAY paid 19.7%, 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 −2.6% and XPAY +14.0% over the year to Nov 4, 2026.
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
OARK vs TSPYOARK vs OVLHOARK vs OVLOARK vs XISEXPAY vs TMGNXPAY vs VOOYXPAY vs YSPCXPAY vs QVOL
Where to next
ARK Innovation ETF (ARKK) →Vanguard S&P 500 ETF (VOO) →OARK on its own →XPAY on its own →OARK dividend history →OARK holdings →XPAY dividend history →XPAY holdings →Method →Standards and sources →
Sources and dates
OARK filings on SEC EDGAR ↗
OARK prospectus with the expense ratio (SEC) ↗
OARK 19a-1 distribution notice ↗
YieldMax page for OARK ↗
XPAY filings on SEC EDGAR ↗
XPAY prospectus with the expense ratio (SEC) ↗
XPAY 19a-1 distribution notice ↗
Roundhill page for XPAY ↗

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.

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ETFIQ, OARK against XPAY, data as of Nov 4, 2026. https://etfiq.com/compare/income/oark-vs-xpay

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