Which is cheaper, OPTO or PAYM?

OPTO charges 0.99% a year and PAYM charges 0.74%, so PAYM is cheaper. Fees come from each fund's prospectus.

Data as of Nov 12, 2026.

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OPTO vs PAYM: Dividend Yield & Total Return

Return, fees and overlap, side by side.

Return gap

+27.6 pts

1 month to Nov 12, 2026: PAYM ahead, total return

Fee gap

0.25 pts

A year: OPTO 0.99%, PAYM 0.74%, per filings dated Dec 23, 2025 and Sep 28, 2026

Overlap

–

No book read for both funds

Net flow

–

Needs daily flows for both funds

Pair scorecard

PAYM costs 0.25 points a year less.

Points (pts) are percentage points.

OPTO vs PAYM: Dividend Yield & Total Return
Measure	OPTO	PAYM
Paid and earned
Measure	OPTO	PAYM
Price change, since Oct 9, 2026	fell 38.6%
Cost and size
Measure	OPTO	PAYM
Expense ratio	0.99%	0.74%
Net assets	not read by ETFIQ	$128m
Holdings
Measure	OPTO	PAYM
Holdings in common	not published

Method

Side by side

OPTO Tuttle Capital Photonics Income Blast ETF · Autocallable, paying weekly PAYM TrueShares S&P Autocallable Defensive Income ETF · Autocallable, paying monthly

Issuer Tuttle TrueShares

Strategy autocallable autocallable

Benchmark not set not set

Pays weekly monthly

Payout rate, annualized 26.0% 10.3%

Expense ratio 0.99% 0.74%

Cash paid, 1 year 1.5% (since launch, Oct 9, 2026) not available

Price change, 1 year −38.6% (since launch, Oct 9, 2026) not available

Total return, 1 year −37.2% (since launch, Oct 9, 2026) not available

Benchmark return, 1 year not published not available

Ahead or behind not available not available

Return of capital, latest estimate not published 98%

Age 34 days not stated

Net assets not read by ETFIQ $128m

As of Nov 12, 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: OPTO vs PAYM: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	OPTO	PAYM	OPTO	PAYM	OPTO	PAYM
3 months	–	−1.7%	–	2.5%	–	not measured
Since launch	−37.2%	–	1.5%	–	not measured	–

– means no data for this window. Open this comparison in the app →

Alert

About each fund

OPTO

Over the period from its first trade on Oct 9, 2026 to Nov 12, 2026, OPTO paid 1.5% of its starting value in cash distributions while its price fell 38.6%. With every distribution reinvested, the fund returned −37.2%. At its price on Nov 12, 2026 the latest distribution annualizes to 26.0%, paid weekly.

PAYM

At its price on Nov 12, 2026 the latest distribution annualizes to 10.3%, paid monthly. TrueShares estimates that 98% of the distribution paid Nov 3, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, OPTO or PAYM?: OPTO charges 0.99% a year and PAYM charges 0.74%, so PAYM is cheaper. Fees come from each fund's prospectus.

Other comparisons

OPTO vs ACYQ OPTO vs ACII OPTO vs CAIQ OPTO vs SBAR PAYM vs ACII PAYM vs ACQQ PAYM vs ACYB PAYM vs ACYQ

Where to next

All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →OPTO on its own →PAYM on its own →OPTO dividend history →PAYM dividend history →Method →Standards and sources →

Sources and dates

OPTO filings on SEC EDGAR ↗

OPTO prospectus with the expense ratio (SEC) ↗

Tuttle website ↗

PAYM filings on SEC EDGAR ↗

PAYM prospectus with the expense ratio (SEC) ↗

PAYM 19a-1 distribution notice ↗

TrueShares website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, OPTO against PAYM, data as of Nov 12, 2026. https://etfiq.com/compare/income/opto-vs-paym

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.

OPTO and PAYM both write options for income.

OPTO on its own →PAYM on its own →

Growth of 100

OPTO and PAYM

Total return, distributions reinvested, 1 month.

OPTO −30.5%PAYM −2.9%

Oct 13, 2026Nov 12, 2026

OPTO −30.5%, PAYM −2.9%: PAYM +27.6 pts ahead, 1 month, Oct 13, 2026 to Nov 12, 2026.