PAYM vs TLA: Dividend Yield & Total Return
PAYM and TLA both write options for income. Net assets: $128m on Jul 31, 2026 for TrueShares S&P Autocallable Defensive Income ETF, and $7m on Oct 20, 2026 for GraniteShares Autocallable TSLA ETF.
PAYM costs 0.33 points a year less.
Points (pts) are percentage points.
| PAYM | TLA | |
|---|---|---|
| Expense ratio | 0.74% | 1.07% |
| Net assets, PAYM as of Jul 31, 2026 and TLA as of Oct 20, 2026 | $128m | $7m |
| Benchmark | not published | Tesla (TSLA) |
| Holdings in common | not published | |
| Against its benchmark, same days | ahead by 24.5 pts | |
| Price change | fell 2.6% (since May 28, 2026) | fell 0.5% (since Feb 3, 2026) |
| Return of capital, issuer estimate | 4% of the Jun 5, 2026 payment | |
Not measured
PAYM since launch: paid 4.0%, price −2.6%, total +1.5%, not measured against a benchmark. Figures to Oct 20, 2026.
PAYM
+1.5%
Total return, distributions reinvested
Not measured
PAYM since launch: paid 4.0%, price −2.6%, total +1.5%, not measured against a benchmark. Figures to Oct 20, 2026.
PAYM
+1.5%
4.0% of it arrived as cash. Total return, distributions reinvested. PAYM since launch: paid 4.0%, price −2.6%, total +1.5%, not measured against a benchmark. Figures to Oct 20, 2026.
Figures to Oct 20, 2026.
24.4 pts ahead of TSLA
TLA since launch: paid 12.5%, price −0.5%, total +13.0%, TSLA −11.4%, +24.4 pts. Figures to Oct 20, 2026.
TSLA
−11.4%
TLA
+13.0%
12.5% of it arrived as cash
24.4 pts ahead of TSLA
Total return, distributions reinvested
24.4 pts ahead of TSLA
TLA since launch: paid 12.5%, price −0.5%, total +13.0%, TSLA −11.4%, +24.4 pts. Figures to Oct 20, 2026.
TSLA
−11.4%
TLA
+13.0%
24.4 pts ahead of TSLA
12.5% of it arrived as cash. Both charts share one scale, with zero at the line. TLA since launch: paid 12.5%, price −0.5%, total +13.0%, TSLA −11.4%, +24.4 pts. Figures to Oct 20, 2026.
Figures to Oct 20, 2026.
Performance, window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | PAYM | TLA | PAYM | TLA | PAYM | TLA |
| 3 months | +1.2% | +6.8% | 2.5% | 4.7% | not measured | +8.1 pts |
| 6 months | – | +11.6% | – | 9.6% | – | +14.9 pts |
| Since launch Not the same days: PAYM May 2026 · TLA Feb 2026 | +1.5% | +13.0% | 4.0% | 12.5% | not measured | +24.5 pts |
Source: ETFIQ. – means no data for this window, usually because the fund is younger than it. Open this comparison in the app →
On the same fields
As of Oct 20, 2026. Source: ETFIQ. Cash paid is what the fund distributed over the window, as a share of its price at the start. Payout rate is its latest payment, annualized, over today’s price.
About PAYM
Over the period from its first trade on May 28, 2026 to Oct 20, 2026, PAYM paid 4.0% of its starting value in cash distributions while its price fell 2.6%. With every distribution reinvested, the fund returned +1.5%. At its price on Oct 20, 2026 the latest distribution annualizes to 10.0%, paid monthly.
About TLA
Over the period from its first trade on Feb 3, 2026 to Oct 20, 2026, TLA paid 12.5% of its starting value in cash distributions while its price fell 0.5%. With every distribution reinvested, the fund returned +13.0%. Tesla (TSLA) returned −11.4% over the same days, so a holder was ahead by 24.5 pts. At its price on Oct 20, 2026 the latest distribution annualizes to 18.0%, paid monthly. GraniteShares estimates that 4% of the distribution paid Jun 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
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How this is computed
Every figure is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, PAYM against TLA, data as of Oct 20, 2026. https://etfiq.com/compare/income/paym-vs-tla
ETFIQ. (Oct 20, 2026). PAYM against TLA. Retrieved from https://etfiq.com/compare/income/paym-vs-tla
[PAYM against TLA (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/income/paym-vs-tla)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.