Which is cheaper, RDVI or TPAY?

RDVI charges 0.75% a year and TPAY charges 0.49%, so TPAY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

RDVI vs TPAY: Dividend Yield & Total Return

RDVI and TPAY both write options for income.

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Net assets: $3.9bn on Nov 3, 2026 for FT Vest Rising Dividend Achievers Target Income ETF, and $2.1m on Nov 4, 2026 for Roundhill S&P 500 Target 10 Managed Distribution ETF.

RDVI on its own →TPAY on its own →

At a glance

9.1%

RDVI cash paid, 1 year

6.6%

TPAY cash paid, since launch, Feb 18, 2026

+22.0%

RDVI total return, 1 year

+11.6%

TPAY total return, since launch, Feb 18, 2026

RDVI · 1 year to Nov 4, 2026 About even with RDVY

RDVI

+22.0%

RDVY

+22.2%

About even with RDVY

RDVI over 1 year: paid 9.1%, price +12.2%, total +22.0%, RDVY +22.2%, −0.2 pts. Data to Nov 4, 2026.

RDVY

+22.2%

RDVI

+22.0%

9.1% of it arrived as cash

about even with RDVY

Total return, distributions reinvested

About even with RDVY

RDVI over 1 year: paid 9.1%, price +12.2%, total +22.0%, RDVY +22.2%, −0.2 pts. Data to Nov 4, 2026.

RDVY

+22.2%

RDVI

+22.0%

about even with RDVY

9.1% of it arrived as cash. Total return, distributions reinvested. RDVI over 1 year: paid 9.1%, price +12.2%, total +22.0%, RDVY +22.2%, −0.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

TPAY · since launch to Nov 4, 2026 1 pt behind VOO

TPAY

+11.6%

VOO

+12.6%

1 pt behind VOO

TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.

VOO

+12.6%

TPAY

+11.6%

6.6% as cash

1 pt behind VOO

Total return, distributions reinvested

1 pt behind VOO

TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.

VOO

+12.6%

TPAY

+11.6%

1 pt behind VOO

6.6% of it arrived as cash. Both charts share one scale, 0 to +22.2%. TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +22.2%. Data to Nov 4, 2026.

Pair scorecard

TPAY costs 0.26 points a year less; RDVI is far larger, $3.9bn against $2.1m.

Points (pts) are percentage points.

RDVI vs TPAY: Dividend Yield & Total Return
Measure	RDVI	TPAY
Paid and earned
Measure	RDVI	TPAY
Total return, 1 year	+22.0%	not published
Price change	rose 12.2% (1 year)	rose 4.6% (since Feb 18, 2026)
Return of capital, issuer estimate	40% of the Oct 30, 2026 payment	100% of the Oct 15, 2026 payment
Against its benchmark
Measure	RDVI	TPAY
Benchmark	First Trust Rising Dividend Achievers ETF, measured through RDVY	Vanguard S&P 500 ETF, measured through VOO
Against its benchmark, same days		behind by 1.0 pts
Cost and size
Measure	RDVI	TPAY
Expense ratio	0.75%	0.49%
Net assets, as of Nov 3, 2026	$3.9bn	$2.1m
Holdings
Measure	RDVI	TPAY
Holdings in common	0%

Method

What they share

By the books each fund has filed, RDVI and TPAY hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first RDVI TPAY

Only in one fund ↓

Only in RDVI

The Travelers Companies, Inc. 2.39%

Accenture plc 2.35%

Visa Inc. (Class A) 2.35%

Veralto Corporation 2.34%

Automatic Data Processing, Inc. 2.32%

The Allstate Corporation 2.23%

Expedia Group, Inc. 2.17%

Chubb Limited 2.16%

Only in TPAY

SPY 03/12/2027 33.67 C 44.68%

SPY 04/16/2027 33.18 C 44.62%

SPYM 03/12/2027 3.33 C 6.11%

Check overlap with more funds →

Side by side

RDVI FT Vest Rising Dividend Achievers Target Income ETF · Writes calls on the S&P 500, measured against the Nasdaq US Rising Dividend Achievers Index, paying monthly TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF · Option income on VOO, paying monthly

Issuer First Trust Roundhill

Strategy dividend stocks with call overlay option income

Benchmark First Trust Rising Dividend Achievers ETF (RDVY) Vanguard S&P 500 ETF (VOO)

Pays monthly monthly

Payout rate, annualized 8.3% 9.5%

Expense ratio 0.75% 0.49%

Cash paid, 1 year 9.1% 6.6% (since launch, Feb 18, 2026)

Price change, 1 year +12.2% +4.6% (since launch, Feb 18, 2026)

Total return, 1 year +22.0% +11.6% (since launch, Feb 18, 2026)

Benchmark return, 1 year +22.2% +12.6% (since launch, Feb 18, 2026)

Ahead or behind −0.2 pts −1.0 pts (since launch, Feb 18, 2026)

Return of capital, latest estimate 40% 100%

Age 4.0 years 259 days

Net assets, RDVI as of Nov 3, 2026 and TPAY as of Nov 4, 2026 $3.9bn $2.1m

As of Nov 4, 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: RDVI vs TPAY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	RDVI	TPAY	RDVI	TPAY	RDVI	TPAY
3 months	−1.9%	−0.8%	2.0%	2.3%	+0.6 pts	−0.7 pts
6 months	+7.9%	+4.2%	4.3%	4.7%	+0.1 pts	−0.8 pts
1 year	+22.0%	–	9.1%	–	−0.2 pts	–
3 years	+76.0%	–	30.9%	–	−6.4 pts	–
Since launchNot the same days: RDVI Oct 2022 · TPAY Feb 2026	+106.5%	+11.6%	43.0%	6.6%	−8.4 pts	−1.1 pts

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Alert

About each fund

RDVI

Over the year to Nov 4, 2026, RDVI paid 9.1% of its starting value in cash distributions while its price rose 12.2%. With every distribution reinvested, the fund returned +22.0%. First Trust Rising Dividend Achievers ETF (RDVY) returned +22.2% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 8.3%, paid monthly. First Trust estimates that 40% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

TPAY

Over the period from its first trade on Feb 18, 2026 to Nov 4, 2026, TPAY paid 6.6% of its starting value in cash distributions while its price rose 4.6%. With every distribution reinvested, the fund returned +11.6%. Vanguard S&P 500 ETF (VOO) returned +12.6% over the same days, so a holder was behind by 1.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.5%, paid monthly. Roundhill estimates that 100% of the distribution paid Oct 15, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, RDVI or TPAY?: RDVI charges 0.75% a year and TPAY charges 0.49%, so TPAY is cheaper. Fees come from each fund's prospectus.

Other comparisons

RDVI vs LJUL RDVI vs LAPR RDVI vs LJAN RDVI vs SDTY TPAY vs KNG TPAY vs SDVD TPAY vs FEPI TPAY vs DDDD

Where to next

First Trust Rising Dividend Achievers ETF (RDVY) →Vanguard S&P 500 ETF (VOO) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →RDVI on its own →TPAY on its own →RDVI dividend history →RDVI holdings →TPAY dividend history →TPAY holdings →Method →Standards and sources →

Sources and dates

RDVI filings on SEC EDGAR ↗

RDVI prospectus with the expense ratio (SEC) ↗

RDVI 19a-1 distribution notice ↗

First Trust page for RDVI ↗

TPAY filings on SEC EDGAR ↗

TPAY prospectus with the expense ratio (SEC) ↗

TPAY 19a-1 distribution notice ↗

Roundhill page for TPAY ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, RDVI against TPAY, data as of Nov 4, 2026. https://etfiq.com/compare/income/rdvi-vs-tpay

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