Data as of .
QVOL vs TPAY: which paid, and which earned it?
QVOL and TPAY both write options for income.
What they hold in common
By the books each fund has filed, QVOL and TPAY hold 0% of their money in the same securities at the same weight.
| Only in QVOL | Only in TPAY |
|---|---|
| NVIDIA Corp 8.53% | SPY 03/12/2027 33.67 C 61.75% |
| Amazon.com Inc 7.61% | SPY 04/16/2027 33.18 C 33.20% |
| Advanced Micro Devices Inc 6.17% | SPYM 03/12/2027 3.33 C 5.05% |
| Microsoft Corp 5.05% | |
| Alphabet Inc 4.70% | |
| Alphabet Inc 4.69% | |
| Micron Technology Inc 4.53% | |
| Marvell Technology Inc 4.30% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| QVOL | TPAY | QVOL | TPAY | QVOL | TPAY | |
| 3 months | −3.7% | +1.5% | 3.0% | 2.4% | −1.2 pts | −0.8 pts |
| 6 months | not published | +17.3% | not published | 5.3% | not published | −0.7 pts |
| Since launch | +4.3% | +11.0% | 4.2% | 5.8% | +2.1 pts | −0.8 pts |
| QVOL Infrastructure Capital Nasdaq Option Income ETF Option income on QQQ, paying monthly | TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Infrastructure Capital | Roundhill |
| Strategy | option income | option income |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 12.6% | 9.5% |
| Expense ratio | 0.82% | 0.49% |
| Cash paid, 1 year | 4.2% (since launch on May 12, 2026) | 5.8% (since launch on Feb 18, 2026) |
| Price change, 1 year | 0.0% | +4.9% |
| Total return, 1 year | +4.3% (since launch on May 12, 2026) | +11.0% (since launch on Feb 18, 2026) |
| Benchmark return, 1 year | +2.1% | +11.8% |
| Ahead or behind | +2.1 pts | −0.8 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 129 days | 212 days |
| Net assets | $8m | $2m |
QVOL in plain words
Over the period since launch on May 12, 2026 to Sep 18, 2026, QVOL paid 4.2% of its starting value in cash distributions while its price rose 0.0%. With every distribution reinvested, the fund returned +4.3%. Nasdaq-100 (QQQ) returned +2.1% over the same days, so a holder was ahead by 2.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 12.6%, paid monthly.
TPAY in plain words
Over the period since launch on Feb 18, 2026 to Sep 18, 2026, TPAY paid 5.8% of its starting value in cash distributions while its price rose 4.9%. With every distribution reinvested, the fund returned +11.0%. S&P 500 (SPY) returned +11.8% over the same days, so a holder was behind by 0.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.5%, paid monthly.
Questions people ask
- Which is cheaper, QVOL or TPAY?
- QVOL charges 0.82% a year and TPAY charges 0.49%, so TPAY is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, QVOL against TPAY, data as of Sep 18, 2026. https://etfiq.com/compare/income/qvol-vs-tpay Free to use with attribution; the underlying files are at Open data.