Data as of Nov 12, 2026.
OVQ vs TPAY: Dividend Yield & Total Return
Return, fees and overlap, side by side.
Pair scorecard
TPAY costs 0.48 points a year less.
Points (pts) are percentage points.
| Measure | OVQ | TPAY |
|---|---|---|
| Paid and earned | ||
| Price change | fell 2.9% (since Oct 23, 2026) | rose 2.4% (since Feb 18, 2026) |
| Against its benchmark | ||
| Benchmark | not published | Vanguard S&P 500 ETF, measured through VOO |
| Cost and size | ||
| Expense ratio | 0.97% | 0.49% |
| Net assets | not read by ETFIQ | $2.1m |
| Holdings | ||
| Holdings in common | not published | |
Not measured
OVQ since launch: paid 0.0%, price −2.9%, total −2.9%, not measured against a benchmark. Data to Nov 12, 2026.
OVQ
−2.9%
Total return, distributions reinvested
Not measured
OVQ since launch: paid 0.0%, price −2.9%, total −2.9%, not measured against a benchmark. Data to Nov 12, 2026.
OVQ
−2.9%
0.0% of it arrived as cash. Total return, distributions reinvested. OVQ since launch: paid 0.0%, price −2.9%, total −2.9%, not measured against a benchmark. Data to Nov 12, 2026.
Data to Nov 12, 2026.1.1 pts behind VOO
TPAY since launch: paid 7.5%, price +2.4%, total +10.1%, VOO +11.2%, −1.1 pts. Data to Nov 12, 2026.
VOO
+11.2%
TPAY
+10.1%
7.5% of it arrived as cash
1.1 pts behind VOO
Total return, distributions reinvested
1.1 pts behind VOO
TPAY since launch: paid 7.5%, price +2.4%, total +10.1%, VOO +11.2%, −1.1 pts. Data to Nov 12, 2026.
VOO
+11.2%
TPAY
+10.1%
7.5% cash
1.1 pts behind VOO
7.5% of it arrived as cash. Both charts share one scale, with zero at the line. TPAY since launch: paid 7.5%, price +2.4%, total +10.1%, VOO +11.2%, −1.1 pts. Data to Nov 12, 2026.
Data to Nov 12, 2026.Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | OVQ | TPAY | OVQ | TPAY | OVQ | TPAY |
| 3 months | – | −2.9% | – | 2.3% | – | −0.5 pts |
| 6 months | – | +0.9% | – | 4.7% | – | −0.8 pts |
| Since launchNot the same days: OVQ Oct 2026 · TPAY Feb 2026 | −2.9% | +10.1% | 0.0% | 7.5% | not measured | −1.1 pts |
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OVQ
Over the period from its first trade on Oct 23, 2026 to Nov 12, 2026, OVQ paid 0.0% of its starting value in cash distributions while its price fell 2.9%. With every distribution reinvested, the fund returned −2.9%.
TPAY
Over the period from its first trade on Feb 18, 2026 to Nov 12, 2026, TPAY paid 7.5% of its starting value in cash distributions while its price rose 2.4%. With every distribution reinvested, the fund returned +10.1%. Vanguard S&P 500 ETF (VOO) returned +11.2% over the same days, so a holder was behind by 1.1 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 9.7%, paid monthly. Roundhill estimates that 100% of the distribution paid Nov 12, 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
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, OVQ against TPAY, data as of Nov 12, 2026. https://etfiq.com/compare/income/ovq-vs-tpay
ETFIQ. (Nov 12, 2026). OVQ against TPAY. Retrieved from https://etfiq.com/compare/income/ovq-vs-tpay
[OVQ against TPAY (ETFIQ, Nov 12, 2026)](https://etfiq.com/compare/income/ovq-vs-tpay)
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OVQ and TPAY both write options for income.