Data as of Nov 4, 2026.
OEI vs TPAY: Dividend Yield & Total Return
OEI and TPAY both write options for income.
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Net assets: $46m on Jul 31, 2026 for Optimized Equity Income ETF, and $2.1m on Nov 4, 2026 for Roundhill S&P 500 Target 10 Managed Distribution ETF.
1.9 pts behind SPY
OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.
SPY
+14.8%
OEI
+12.9%
9.2% of it arrived as cash
1.9 pts behind SPY
Total return, distributions reinvested
1.9 pts behind SPY
OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.
SPY
+14.8%
OEI
+12.9%
9.2% cash
1.9 pts behind SPY
9.2% of it arrived as cash. Total return, distributions reinvested. OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.1 pt behind VOO
TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.
VOO
+12.6%
TPAY
+11.6%
6.6% of it arrived as cash
1 pt behind VOO
Total return, distributions reinvested
1 pt behind VOO
TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.
VOO
+12.6%
TPAY
+11.6%
1 pt behind VOO
6.6% of it arrived as cash. Both charts share one scale, 0 to +14.8%. TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.Pair scorecard
TPAY costs 0.53 points a year less.
Points (pts) are percentage points.
| Measure | OEI | TPAY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +12.9% | not published |
| Price change | rose 3.0% (1 year) | rose 4.6% (since Feb 18, 2026) |
| Return of capital, issuer estimate | 100% of the Oct 15, 2026 payment | |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | Vanguard S&P 500 ETF, measured through VOO |
| Cost and size | ||
| Expense ratio | 1.02% | 0.49% |
| Net assets, OEI as of Jul 31, 2026 and TPAY as of Nov 4, 2026 | $46m | $2.1m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, OEI and TPAY hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | OEI | TPAY | OEI | TPAY | OEI | TPAY |
| 3 months | +3.3% | −0.8% | 2.4% | 2.3% | +3.4 pts | −0.7 pts |
| 6 months | +6.3% | +4.2% | 4.7% | 4.7% | +1.3 pts | −0.8 pts |
| 1 year | +12.9% | – | 9.2% | – | −1.9 pts | – |
| Since launchNot the same days: OEI Oct 2025 · TPAY Feb 2026 | +15.0% | +11.6% | 9.4% | 6.6% | −1.1 pts | −1.1 pts |
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OEI
Over the year to Nov 4, 2026, OEI paid 9.2% of its starting value in cash distributions while its price rose 3.0%. With every distribution reinvested, the fund returned +12.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 1.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.6%, paid monthly.
TPAY
Over the period from its first trade on Feb 18, 2026 to Nov 4, 2026, TPAY paid 6.6% of its starting value in cash distributions while its price rose 4.6%. With every distribution reinvested, the fund returned +11.6%. Vanguard S&P 500 ETF (VOO) returned +12.6% over the same days, so a holder was behind by 1.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.5%, 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
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
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, OEI against TPAY, data as of Nov 4, 2026. https://etfiq.com/compare/income/oei-vs-tpay
ETFIQ. (Nov 4, 2026). OEI against TPAY. Retrieved from https://etfiq.com/compare/income/oei-vs-tpay
[OEI against TPAY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/oei-vs-tpay)
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