Which is cheaper, PAYM or SALI?

PAYM charges 0.74% a year and SALI charges 0.65%, so SALI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 12, 2026.

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PAYM vs SALI: Dividend Yield & Total Return

Return, fees and overlap, side by side.

Return gap

+3.8 pts

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

Fee gap

0.09 pts

A year: PAYM 0.74%, SALI 0.65%, per filings dated Dec 23, 2025 and Sep 10, 2026

Overlap

–

No book read for both funds

Net flow

–

Needs daily flows for both funds

Pair scorecard

SALI costs 0.09 points a year less.

Points (pts) are percentage points.

PAYM vs SALI: Dividend Yield & Total Return
Measure	PAYM	SALI
Paid and earned
Measure	PAYM	SALI
Price change, since Sep 15, 2026		fell 4.2%
Cost and size
Measure	PAYM	SALI
Expense ratio	0.74%	0.65%
Net assets	$128m	not read by ETFIQ
Holdings
Measure	PAYM	SALI
Holdings in common	not published

Method

Side by side

PAYM TrueShares S&P Autocallable Defensive Income ETF · Autocallable, paying monthly SALI Schroders US Autocallable Ladder Income ETF · Autocallable

Issuer TrueShares Schroders

Strategy autocallable autocallable

Benchmark not set not set

Pays monthly not established

Payout rate, annualized 10.3% 10.4%

Expense ratio 0.74% 0.65%

Cash paid, 1 year not available 0.8% (since launch, Sep 15, 2026)

Price change, 1 year not available −4.2% (since launch, Sep 15, 2026)

Total return, 1 year not available −3.4% (since launch, Sep 15, 2026)

Benchmark return, 1 year not available not published

Ahead or behind not available not available

Return of capital, latest estimate 98% not published

Age not stated 58 days

Net assets $128m not read by ETFIQ

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: PAYM vs SALI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	PAYM	SALI	PAYM	SALI	PAYM	SALI
3 months	−1.7%	–	2.5%	–	not measured	–
Since launch	–	−3.4%	–	0.8%	–	not measured

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

Alert

About each fund

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.

SALI

Over the period from its first trade on Sep 15, 2026 to Nov 12, 2026, SALI paid 0.8% of its starting value in cash distributions while its price fell 4.2%. With every distribution reinvested, the fund returned −3.4%. At its price on Nov 12, 2026 the latest distribution annualizes to 10.4%, paid periodically.

Questions people ask

Which is cheaper, PAYM or SALI?: PAYM charges 0.74% a year and SALI charges 0.65%, so SALI is cheaper. Fees come from each fund's prospectus.

Other comparisons

PAYM vs ACII PAYM vs ACYQ PAYM vs ARKY PAYM vs CAIQ SALI vs ACYQ SALI vs ACII SALI vs VAIE SALI vs CAIQ

Where to next

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

Sources and dates

PAYM filings on SEC EDGAR ↗

PAYM prospectus with the expense ratio (SEC) ↗

PAYM 19a-1 distribution notice ↗

TrueShares website ↗

SALI filings on SEC EDGAR ↗

SALI prospectus with the expense ratio (SEC) ↗

Schroders 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, PAYM against SALI, data as of Nov 12, 2026. https://etfiq.com/compare/income/paym-vs-sali

Open data →

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

PAYM and SALI both write options for income.

PAYM on its own →SALI on its own →

Growth of 100

PAYM and SALI

Total return, distributions reinvested, 1 month.

PAYM −2.9%SALI −6.7%

Oct 13, 2026Nov 12, 2026

PAYM −2.9%, SALI −6.7%: PAYM +3.8 pts ahead, 1 month, Oct 13, 2026 to Nov 12, 2026.