Which is cheaper, PAYM or VAIE?

PAYM and VAIE both charge 0.74% a year, so neither is cheaper. Fees come from each fund's prospectus.

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PAYM vs VAIE: Dividend Yield & Total Return

PAYM and VAIE both write options for income. Net assets: $128m on Jul 31, 2026 for TrueShares S&P Autocallable Defensive Income ETF, and $67m on Oct 19, 2026 for VegaShares US Equity Autocallable Income ETF.

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Answers cite the figures on this page.

Both cost 0.74% a year.

PAYM vs VAIE: Dividend Yield & Total Return
	PAYM	VAIE
Expense ratio	0.74%	0.74%
Net assets, PAYM as of Jul 31, 2026 and VAIE as of Oct 19, 2026	$128m	$67m
Holdings in common	not published
Price change	fell 2.6% (since May 28, 2026)	fell 3.6% (since May 12, 2026)

4.0%

PAYM cash paid, since launch, May 28, 2026

6.8%

VAIE cash paid, since launch, May 12, 2026

+1.5%

PAYM total return, since launch, May 28, 2026

+3.3%

VAIE total return, since launch, May 12, 2026

PAYM · since launch to Oct 20, 2026Not measured

PAYM

+1.5%

none

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

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.

VAIE · since launch to Oct 20, 2026Not measured

VAIE

+3.3%

none

Not measured

VAIE since launch: paid 6.8%, price −3.6%, total +3.3%, not measured against a benchmark. Figures to Oct 20, 2026.

VAIE

+3.3%

6.8% of it arrived as cash

Total return, distributions reinvested

Not measured

VAIE since launch: paid 6.8%, price −3.6%, total +3.3%, not measured against a benchmark. Figures to Oct 20, 2026.

VAIE

+3.3%

6.8% as cash

6.8% of it arrived as cash. Both charts share one scale, with zero at the line. VAIE since launch: paid 6.8%, price −3.6%, total +3.3%, not measured against a benchmark. Figures to Oct 20, 2026.

Figures to Oct 20, 2026.

Performance, window by window

Performance, window by window: PAYM vs VAIE: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	PAYM	VAIE	PAYM	VAIE	PAYM	VAIE
3 months	+1.2%	+2.5%	2.5%	4.1%	not measured	not measured
Since launch Not the same days: PAYM May 2026 · VAIE May 2026	+1.5%	+3.3%	4.0%	6.8%	not measured	not measured

Source: ETFIQ. Open this comparison in the app →

On the same fields

PAYM

TrueShares S&P Autocallable Defensive Income ETF · Autocallable, paying monthly

VAIE

VegaShares US Equity Autocallable Income ETF · Autocallable, paying weekly

Issuer TrueShares VegaShares

Strategy autocallable autocallable

Benchmark none none

Pays monthly weekly

Payout rate, annualized 10.0% 16.8%

Expense ratio 0.74% 0.74%

Cash paid, 1 year 4.0% (since launch, May 28, 2026) 6.8% (since launch, May 12, 2026)

Price change, 1 year −2.6% (since launch, May 28, 2026) −3.6% (since launch, May 12, 2026)

Total return, 1 year +1.5% (since launch, May 28, 2026) +3.3% (since launch, May 12, 2026)

Benchmark return, 1 year not published not published

Ahead or behind not available not available

Return of capital, latest estimate not published not published

Age 145 days 161 days

Net assets, PAYM as of Jul 31, 2026 and VAIE as of Oct 19, 2026 $128m $67m

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 VAIE

Over the period from its first trade on May 12, 2026 to Oct 20, 2026, VAIE paid 6.8% of its starting value in cash distributions while its price fell 3.6%. With every distribution reinvested, the fund returned +3.3%. At its price on Oct 20, 2026 the latest distribution annualizes to 16.8%, paid weekly.

Questions people ask

Which is cheaper, PAYM or VAIE?: PAYM and VAIE both charge 0.74% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

PAYM vs ATCL PAYM vs ACQQ PAYM vs ACYQ PAYM vs CAGE VAIE vs ACII VAIE vs YLDE VAIE vs QYLG VAIE vs QQQY

All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →PAYM on its own →VAIE on its own →PAYM dividend history →VAIE dividend history →How every figure is computed →Standards and sources →

Where these figures came from

PAYM filings on SEC EDGAR ↗PAYM prospectus with the expense ratio (SEC) ↗TrueShares website ↗VAIE filings on SEC EDGAR ↗VAIE prospectus with the expense ratio (SEC) ↗VegaShares page for VAIE ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, PAYM against VAIE, data as of Oct 20, 2026. https://etfiq.com/compare/income/paym-vs-vaie

Open data

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