Data as of .
OEI vs TPAY: which paid, and which earned it?
OEI and TPAY both write options for income.
What they hold in common
By the books each fund has filed, OEI and TPAY hold 0% of their money in the same securities at the same weight.
| Only in OEI | Only in TPAY |
|---|---|
| NVIDIA Corp 8.32% | SPY 03/12/2027 33.67 C 61.75% |
| Microsoft Corp 5.99% | SPY 04/16/2027 33.18 C 33.20% |
| Amazon.com Inc 4.56% | SPYM 03/12/2027 3.33 C 5.05% |
| Apple Inc 4.28% | |
| Alphabet Inc 3.48% | |
| Broadcom Inc 3.04% | |
| Alphabet Inc 2.79% | |
| Micron Technology Inc 2.57% |
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 Jul 31, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| OEI | TPAY | OEI | TPAY | OEI | TPAY | |
| 3 months | +4.8% | +1.5% | 2.3% | 2.4% | +2.5 pts | −0.8 pts |
| 6 months | +12.5% | +17.3% | 4.9% | 5.3% | −5.6 pts | −0.7 pts |
| Since launch | +14.4% | +11.0% | 8.6% | 5.8% | −0.9 pts | −0.8 pts |
| OEI Optimized Equity Income ETF Option income on SPY, paying monthly | TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Core Alternative | Roundhill |
| Strategy | option income | option income |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 9.2% | 9.5% |
| Expense ratio | 1.02% | 0.49% |
| Cash paid, 1 year | 8.6% (since launch on Oct 22, 2025) | 5.8% (since launch on Feb 18, 2026) |
| Price change, 1 year | +5.2% | +4.9% |
| Total return, 1 year | +14.4% (since launch on Oct 22, 2025) | +11.0% (since launch on Feb 18, 2026) |
| Benchmark return, 1 year | +15.3% | +11.8% |
| Ahead or behind | −0.9 pts | −0.8 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 331 days | 212 days |
| Net assets | $46m | $2m |
OEI in plain words
Over the period since launch on Oct 22, 2025 to Sep 18, 2026, OEI paid 8.6% of its starting value in cash distributions while its price rose 5.2%. With every distribution reinvested, the fund returned +14.4%. S&P 500 (SPY), used as a default proxy returned +15.3% 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 9.2%, paid monthly.
TPAY in plain words
Over the period since launch on Feb 18, 2026 to Sep 18, 2026, TPAY paid 5.8% of its starting value in cash distributions while its price rose 4.9%. With every distribution reinvested, the fund returned +11.0%. S&P 500 (SPY) returned +11.8% over the same days, so a holder was behind by 0.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.5%, paid monthly.
Questions people ask
- Which is cheaper, OEI or TPAY?
- OEI charges 1.02% a year and TPAY charges 0.49%, so TPAY 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, OEI against TPAY, data as of Sep 18, 2026. https://etfiq.com/compare/income/oei-vs-tpay Free to use with attribution; the underlying files are at Open data.