Data as of .
OEI vs XPAY: which paid, and which earned it?
OEI and XPAY both write options for income.
What they hold in common
By the books each fund has filed, OEI and XPAY hold 0% of their money in the same securities at the same weight.
| Only in OEI | Only in XPAY |
|---|---|
| NVIDIA Corp 8.32% | SPY 02/12/2027 33.47 C 13.75% |
| Microsoft Corp 5.99% | SPY 07/16/2027 36.7 C 11.79% |
| Amazon.com Inc 4.56% | SPY 03/12/2027 33.67 C 11.51% |
| Apple Inc 4.28% | SPY 04/16/2027 33.87 C 11.49% |
| Alphabet Inc 3.48% | SPY 06/11/2027 37.11 C 10.07% |
| Broadcom Inc 3.04% | SPY 01/15/2027 33.21 C 6.96% |
| Alphabet Inc 2.79% | SPY 12/11/2026 33.1 C 6.40% |
| Micron Technology Inc 2.57% | 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 Jul 31, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| OEI | XPAY | OEI | XPAY | OEI | XPAY | |
| 3 months | +4.8% | +2.0% | 2.3% | 5.0% | +2.5 pts | −0.3 pts |
| 6 months | +12.5% | +17.8% | 4.9% | 11.1% | −5.6 pts | −0.2 pts |
| 1 year | not published | +15.7% | not published | 19.9% | not published | −0.9 pts |
| Since launch | +14.4% | +34.7% | 8.6% | 37.5% | −0.9 pts | −2.3 pts |
| OEI Optimized Equity Income ETF Option income on SPY, paying monthly | XPAY Roundhill S&P 500 Target 20 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% | 20.8% |
| Expense ratio | 1.02% | 0.49% |
| Cash paid, 1 year | 8.6% (since launch on Oct 22, 2025) | 19.9% |
| Price change, 1 year | +5.2% | −5.8% |
| Total return, 1 year | +14.4% (since launch on Oct 22, 2025) | +15.7% |
| Benchmark return, 1 year | +15.3% | +16.6% |
| Ahead or behind | −0.9 pts | −0.9 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 331 days | 687 days |
| Net assets | $46m | $179m |
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.
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, OEI or XPAY?
- OEI charges 1.02% 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, OEI against XPAY, data as of Sep 18, 2026. https://etfiq.com/compare/income/oei-vs-xpay Free to use with attribution; the underlying files are at Open data.