Which is cheaper, RECI or TPAY?

RECI charges 0.30% a year and TPAY charges 0.49%, so RECI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

RECI vs TPAY: Dividend Yield & Total Return

RECI and TPAY both write options for income.

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Net assets: $2.1m on Nov 4, 2026 for Roundhill S&P 500 Target 10 Managed Distribution ETF, beside Columbia Research Enhanced Core Premium Income ETF.

RECI on its own →TPAY on its own →

At a glance

1.5%

RECI cash paid, since launch, Jul 14, 2026

6.6%

TPAY cash paid, since launch, Feb 18, 2026

+3.7%

RECI total return, since launch, Jul 14, 2026

+11.6%

TPAY total return, since launch, Feb 18, 2026

RECI · since launch to Nov 4, 2026 Not measured

RECI

+3.7%

none

Not measured

RECI since launch: paid 1.5%, price +2.1%, total +3.7%, not measured against a benchmark. Data to Nov 4, 2026.

RECI

+3.7%

1.5% cash

Total return, distributions reinvested

Not measured

RECI since launch: paid 1.5%, price +2.1%, total +3.7%, not measured against a benchmark. Data to Nov 4, 2026.

RECI

+3.7%

1.5% of it arrived as cash. Total return, distributions reinvested. RECI since launch: paid 1.5%, price +2.1%, total +3.7%, not measured against a benchmark. 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% of it arrived 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%

6.6% cash

1 pt behind VOO

6.6% of it arrived as cash. Both charts share one scale, 0 to +12.6%. 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 +12.6%. Data to Nov 4, 2026.

Pair scorecard

RECI costs 0.19 points a year less.

Points (pts) are percentage points.

RECI vs TPAY: Dividend Yield & Total Return
Measure	RECI	TPAY
Paid and earned
Measure	RECI	TPAY
Price change	rose 2.1% (since Jul 14, 2026)	rose 4.6% (since Feb 18, 2026)
Return of capital, issuer estimate	78% of the Oct 5, 2026 payment	100% of the Oct 15, 2026 payment
Against its benchmark
Measure	RECI	TPAY
Benchmark	not published	Vanguard S&P 500 ETF, measured through VOO
Against its benchmark, same days		behind by 1.0 pts
Cost and size
Measure	RECI	TPAY
Expense ratio	0.30%	0.49%
Net assets	not read by ETFIQ	$2.1m
Holdings
Measure	RECI	TPAY
Holdings in common	not published

Method

Side by side

RECI Columbia Research Enhanced Core Premium Income ETF · Covered call, paying monthly TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF · Option income on VOO, paying monthly

Issuer Columbia Roundhill

Strategy covered call option income

Benchmark none Vanguard S&P 500 ETF (VOO)

Pays monthly monthly

Payout rate, annualized 8.0% 9.5%

Expense ratio 0.30% 0.49%

Cash paid, 1 year 1.5% (since launch, Jul 14, 2026) 6.6% (since launch, Feb 18, 2026)

Price change, 1 year +2.1% (since launch, Jul 14, 2026) +4.6% (since launch, Feb 18, 2026)

Total return, 1 year +3.7% (since launch, Jul 14, 2026) +11.6% (since launch, Feb 18, 2026)

Benchmark return, 1 year not published +12.6% (since launch, Feb 18, 2026)

Ahead or behind not available −1.0 pts (since launch, Feb 18, 2026)

Return of capital, latest estimate 78% 100%

Age 113 days 259 days

Net assets not read by ETFIQ $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: RECI vs TPAY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	RECI	TPAY	RECI	TPAY	RECI	TPAY
3 months	+3.5%	−0.8%	1.5%	2.3%	not measured	−0.7 pts
6 months	–	+4.2%	–	4.7%	–	−0.8 pts
Since launchNot the same days: RECI Jul 2026 · TPAY Feb 2026	+3.7%	+11.6%	1.5%	6.6%	not measured	−1.1 pts

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Alert

About each fund

RECI

Over the period from its first trade on Jul 14, 2026 to Nov 4, 2026, RECI paid 1.5% of its starting value in cash distributions while its price rose 2.1%. With every distribution reinvested, the fund returned +3.7%. At its price on Nov 4, 2026 the latest distribution annualizes to 8.0%, paid monthly. Columbia estimates that 78% of the distribution paid Oct 5, 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, RECI or TPAY?: RECI charges 0.30% a year and TPAY charges 0.49%, so RECI is cheaper. Fees come from each fund's prospectus.

Other comparisons

RECI vs LJUL RECI vs SDTY RECI vs XPAY RECI vs TSPY TPAY vs TMGN TPAY vs VOOY TPAY vs CDPI TPAY vs DDDD

Where to next

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

Sources and dates

RECI filings on SEC EDGAR ↗

RECI prospectus with the expense ratio (SEC) ↗

RECI 19a-1 distribution notice ↗

Columbia website ↗

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

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

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

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