Data as of .
ODTE vs XPAY: which paid, and which earned it?
ODTE and XPAY both write options for income.
What they hold in common
By the books each fund has filed, ODTE and XPAY hold 0% of their money in the same securities at the same weight.
| Only in ODTE | Only in XPAY |
|---|---|
| Invesco Nasdaq 100 ETF 33.70% | SPY 02/12/2027 33.47 C 13.75% |
| Vanguard S&P 500 ETF 33.27% | SPY 07/16/2027 36.7 C 11.79% |
| Vanguard Russell 2000 ETF 33.03% | SPY 03/12/2027 33.67 C 11.51% |
| SPY 04/16/2027 33.87 C 11.49% | |
| SPY 06/11/2027 37.11 C 10.07% | |
| SPY 01/15/2027 33.21 C 6.96% | |
| SPY 12/11/2026 33.1 C 6.40% | |
| 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 Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| ODTE | XPAY | ODTE | XPAY | ODTE | XPAY | |
| 3 months | −4.8% | +2.0% | 3.4% | 5.0% | −7.0 pts | −0.3 pts |
| 6 months | not published | +17.8% | not published | 11.1% | not published | −0.2 pts |
| 1 year | not published | +15.7% | not published | 19.9% | not published | −0.9 pts |
| Since launch | +6.2% | +34.7% | 6.7% | 37.5% | −10.5 pts | −2.3 pts |
| ODTE VegaShares SPX NDX RTY Premium Income ETF Covered call on SPY, paying weekly | XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | VegaShares | Roundhill |
| Strategy | covered call | option income |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY) |
| Pays | weekly | monthly |
| Payout rate, annualized | 14.1% | 20.8% |
| Expense ratio | 0.68% | 0.49% |
| Cash paid, 1 year | 6.7% (since launch on Apr 2, 2026) | 19.9% |
| Price change, 1 year | −0.3% | −5.8% |
| Total return, 1 year | +6.2% (since launch on Apr 2, 2026) | +15.7% |
| Benchmark return, 1 year | +16.7% | +16.6% |
| Ahead or behind | −10.5 pts | −0.9 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 169 days | 687 days |
| Net assets | $3m | $179m |
ODTE in plain words
Over the period since launch on Apr 2, 2026 to Sep 18, 2026, ODTE paid 6.7% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned +6.2%. S&P 500 (SPY), used as a default proxy returned +16.7% over the same days, so a holder was behind by 10.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 14.1%, paid weekly.
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 is cheaper, ODTE or XPAY?
- ODTE charges 0.68% 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, ODTE against XPAY, data as of Sep 18, 2026. https://etfiq.com/compare/income/odte-vs-xpay Free to use with attribution; the underlying files are at Open data.