Which paid more, RDVI or XPAY?

Over the year to Nov 4, 2026, RDVI paid 9.1% of its starting price in cash and XPAY paid 19.7%, so XPAY paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, RDVI or XPAY?

With every distribution reinvested, RDVI returned +22.0% and XPAY +14.0% over the year to Nov 4, 2026.

Which is cheaper, RDVI or XPAY?

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

Data as of Nov 4, 2026.

Income ETFs

RDVI vs XPAY: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, XPAY paid 19.7% of its price in cash against RDVI’s 9.1%, though RDVI returned more with it reinvested.

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Net assets: $3.9bn on Nov 3, 2026 for FT Vest Rising Dividend Achievers Target Income ETF, and $187m on Nov 4, 2026 for Roundhill S&P 500 Target 20 Managed Distribution ETF.

RDVI on its own →XPAY on its own →

At a glance

9.1%

RDVI cash paid, 1 year

19.7%

XPAY cash paid, 1 year

+22.0%

RDVI total return, 1 year

+14.0%

XPAY total return, 1 year

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.

XPAY · 1 year to Nov 4, 2026 0.8 pts behind VOO

XPAY

+14.0%

VOO

+14.8%

0.8 pts behind VOO

XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.

VOO

+14.8%

XPAY

+14.0%

19.7% of it arrived as cash

0.8 pts behind VOO

Total return, distributions reinvested

0.8 pts behind VOO

XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.

VOO

+14.8%

XPAY

+14.0%

19.7% cash

0.8 pts behind VOO

19.7% of it arrived as cash. Both charts share one scale, with zero at the line. XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

XPAY costs 0.26 points a year less; their one-year returns differ by 8.0 points; RDVI is far larger, $3.9bn against $183m.

Points (pts) are percentage points.

RDVI vs XPAY: Dividend Yield & Total Return
Measure	RDVI	XPAY
Paid and earned
Measure	RDVI	XPAY
Total return, 1 year	+22.0%	+14.0%
Price change, 1 year	rose 12.2%	fell 7.2%
Return of capital, issuer estimate	40% of the Oct 30, 2026 payment	100% of the Oct 15, 2026 payment
Against its benchmark
Measure	RDVI	XPAY
Benchmark	First Trust Rising Dividend Achievers ETF, measured through RDVY	Vanguard S&P 500 ETF, measured through VOO
Cost and size
Measure	RDVI	XPAY
Expense ratio	0.75%	0.49%
Net assets, as of Nov 3, 2026	$3.9bn	$183m
Holdings
Measure	RDVI	XPAY
Holdings in common	0%

ETFIQ Distribution Coverage Score · RDVI scores higher How much of what it paid out did its total return cover?

IQ Income Score92.5RDVI43.4XPAY

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

RDVI 92.5

XPAY 43.4

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

Risk and return

Nov 8, 2024 to Oct 30, 2026 · 103 weekly returns

RDVI XPAY

Return

Total return edge RDVI (slight) +28.1% +27.3%

Annualized edge RDVI (slight) +13.3% +12.9%

Price return edge RDVI +8.1% −14.6%

Risk

Volatility edge RDVI (slight) 14.5% 14.9%

Max drawdown edge RDVI (slight) −16.4% −17.1%

Downside capture 97.1% 101.5%

Beta 0.95 1.01

Risk-adjusted

Sharpe edge RDVI (slight) 0.66 0.62

Sortino edge Tie 0.95 0.93

Treynor 0.126 0.091

Calmar edge RDVI (slight) 0.81 0.76

Against the benchmark

Alpha −0.4% a year −0.9% a year

Alpha t-stat −0.67 −1.35

Information ratio −0.72 −0.82

Tracking error 1.3% 1.0%

Each against its own benchmark: RDVI against RDVY, Oct 28, 2022 to Oct 30, 2026; XPAY against VOO, Nov 8, 2024 to Oct 30, 2026.

Reading

From Nov 2024 to Oct 2026, RDVI returned slightly more: +28.1% to +27.3%. RDVI swung slightly less: 14.5% to 14.9%. RDVI fell slightly less at its worst: −16.4% to −17.1%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: RDVI vs XPAY: Dividend Yield & Total Return
Measure	RDVI	XPAY	Edge	How it is measured
Return
Total return	+28.1%	+27.3%	RDVI (slight)	Price change plus distributions, reinvested.
Annualized	+13.3%	+12.9%	RDVI (slight)	Total return as a yearly rate.
Price return	+8.1%	−14.6%	RDVI	Price change alone, distributions left out.
Risk
Volatility	14.5%	14.9%	RDVI (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	10.1%	9.9%	Tie	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−16.4%	−17.1%	RDVI (slight)	Deepest fall from a high to the low after it.
Upside capture	92.9%	99.7%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	97.1%	101.5%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.95	1.01	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.99	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.66	0.62	RDVI (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.95	0.93	Tie	Return above Treasury bills per unit of downside deviation.
Treynor	0.126	0.091		Return above Treasury bills per unit of beta.
Calmar	0.81	0.76	RDVI (slight)	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	RDVY	VOO		The ETF each fund is measured against.
Alpha	−0.4% a year	−0.9% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.67	−1.35	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−1.5% to +0.7%	−2.3% to +0.4%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.72	−0.82		Return against its benchmark per unit of tracking error.
Tracking error	1.3%	1.0%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 103 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, RDVI and XPAY 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 XPAY

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 XPAY

SPY 12/10/2027 38.04 C 94.39%

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 XPAY Roundhill S&P 500 Target 20 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% 21.1%

Expense ratio 0.75% 0.49%

Cash paid, 1 year 9.1% 19.7%

Price change, 1 year +12.2% −7.2%

Total return, 1 year +22.0% +14.0%

Benchmark return, 1 year +22.2% +14.8%

Ahead or behind −0.2 pts −0.8 pts

Return of capital, latest estimate 40% 100%

Age 4.0 years 2.0 years

Net assets, RDVI as of Nov 3, 2026 and XPAY as of Nov 4, 2026 $3.9bn $187m

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 XPAY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	RDVI	XPAY	RDVI	XPAY	RDVI	XPAY
3 months	−1.9%	−0.3%	2.0%	5.0%	+0.6 pts	−0.2 pts
6 months	+7.9%	+4.9%	4.3%	10.0%	+0.1 pts	−0.1 pts
1 year	+22.0%	+14.0%	9.1%	19.7%	−0.2 pts	−0.9 pts
3 years	+76.0%	–	30.9%	–	−6.4 pts	–
Since launchNot the same days: RDVI Oct 2022 · XPAY Oct 2024	+106.5%	+35.6%	43.0%	39.0%	−8.4 pts	−2.6 pts

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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.

XPAY

Over the year to Nov 4, 2026, XPAY paid 19.7% of its starting value in cash distributions while its price fell 7.2%. With every distribution reinvested, the fund returned +14.0%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 0.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 21.1%, 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 paid more, RDVI or XPAY?: Over the year to Nov 4, 2026, RDVI paid 9.1% of its starting price in cash and XPAY paid 19.7%, so XPAY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, RDVI or XPAY?: With every distribution reinvested, RDVI returned +22.0% and XPAY +14.0% over the year to Nov 4, 2026.
Which is cheaper, RDVI or XPAY?: RDVI charges 0.75% a year and XPAY charges 0.49%, so XPAY is cheaper. Fees come from each fund's prospectus.

Other comparisons

RDVI vs TSPY RDVI vs OVLH RDVI vs OVL RDVI vs XIJN XPAY vs KNG XPAY vs SDVD XPAY vs FGSI XPAY vs RECI

Where to next

First Trust Rising Dividend Achievers ETF (RDVY) →Vanguard S&P 500 ETF (VOO) →RDVI on its own →XPAY on its own →RDVI dividend history →RDVI holdings →XPAY dividend history →XPAY 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 ↗

XPAY filings on SEC EDGAR ↗

XPAY prospectus with the expense ratio (SEC) ↗

XPAY 19a-1 distribution notice ↗

Roundhill page for XPAY ↗

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

How this is computed

It is a place in a set, not a rating or a recommendation.

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 XPAY, data as of Nov 4, 2026. https://etfiq.com/compare/income/rdvi-vs-xpay

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