Which is cheaper, ROCY or TPAY?

ROCY charges 0.35% a year and TPAY charges 0.49%, so ROCY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

ROCY vs TPAY: Dividend Yield & Total Return

ROCY and TPAY both write options for income.

askIQ about this page

Net assets: $884m on Nov 3, 2026 for JPMorgan Equity Premium Yield ETF, and $2.1m on Nov 4, 2026 for Roundhill S&P 500 Target 10 Managed Distribution ETF.

ROCY on its own →TPAY on its own →

At a glance

4.8%

ROCY cash paid, since launch, Mar 19, 2026

6.6%

TPAY cash paid, since launch, Feb 18, 2026

+15.3%

ROCY total return, since launch, Mar 19, 2026

+11.6%

TPAY total return, since launch, Feb 18, 2026

ROCY · since launch to Nov 4, 2026 1.8 pts behind SPY

ROCY

+15.3%

SPY

+17.1%

1.8 pts behind SPY

ROCY since launch: paid 4.8%, price +10.2%, total +15.3%, SPY +17.1%, −1.8 pts. Data to Nov 4, 2026.

SPY

+17.1%

ROCY

+15.3%

4.8% as cash

1.8 pts behind SPY

Total return, distributions reinvested

1.8 pts behind SPY

ROCY since launch: paid 4.8%, price +10.2%, total +15.3%, SPY +17.1%, −1.8 pts. Data to Nov 4, 2026.

SPY

+17.1%

ROCY

+15.3%

1.8 pts behind SPY

4.8% of it arrived as cash. Total return, distributions reinvested. ROCY since launch: paid 4.8%, price +10.2%, total +15.3%, SPY +17.1%, −1.8 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% 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%

1 pt behind VOO

6.6% of it arrived as cash. Both charts share one scale, 0 to +17.1%. 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 +17.1%. Data to Nov 4, 2026.

Pair scorecard

ROCY costs 0.14 points a year less; ROCY is far larger, $884m against $2.1m.

Points (pts) are percentage points.

ROCY vs TPAY: Dividend Yield & Total Return
Measure	ROCY	TPAY
Paid and earned
Measure	ROCY	TPAY
Price change	rose 10.2% (since Mar 19, 2026)	rose 4.6% (since Feb 18, 2026)
Return of capital, issuer estimate		100% of the Oct 15, 2026 payment
Against its benchmark
Measure	ROCY	TPAY
Benchmark	S&P 500, measured through SPY	Vanguard S&P 500 ETF, measured through VOO
Against its benchmark, same days	behind by 1.8 pts	behind by 1.0 pts
Cost and size
Measure	ROCY	TPAY
Expense ratio	0.35%	0.49%
Net assets, as of Nov 3, 2026	$884m	$2.1m
Holdings
Measure	ROCY	TPAY
Holdings in common	0%

Method

What they share

By the books each fund has filed, ROCY 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 ROCY TPAY

Only in one fund ↓

Only in ROCY

NVIDIA CORP COMMON STOCK 8.20%

APPLE INC COMMON STOCK 7.31%

MICROSOFT CORP COMMON 6.59%

AMAZON.COM INC COMMON 4.16%

ALPHABET INC-CL A 4.13%

META PLATFORMS INC COMMON 2.54%

BROADCOM INC COMMON 2.17%

MICRON TECHNOLOGY INC 2.11%

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

ROCY JPMorgan Equity Premium Yield ETF · Covered call on SPY, paying monthly TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF · Option income on VOO, paying monthly

Issuer JPMorgan Roundhill

Strategy covered call option income

Benchmark S&P 500 (SPY) Vanguard S&P 500 ETF (VOO)

Pays monthly monthly

Payout rate, annualized 6.6% 9.5%

Expense ratio 0.35% 0.49%

Cash paid, 1 year 4.8% (since launch, Mar 19, 2026) 6.6% (since launch, Feb 18, 2026)

Price change, 1 year +10.2% (since launch, Mar 19, 2026) +4.6% (since launch, Feb 18, 2026)

Total return, 1 year +15.3% (since launch, Mar 19, 2026) +11.6% (since launch, Feb 18, 2026)

Benchmark return, 1 year +17.1% (since launch, Mar 19, 2026) +12.6% (since launch, Feb 18, 2026)

Ahead or behind −1.8 pts (since launch, Mar 19, 2026) −1.0 pts (since launch, Feb 18, 2026)

Return of capital, latest estimate not published 100%

Age 230 days 259 days

Net assets, ROCY as of Nov 3, 2026 and TPAY as of Nov 4, 2026 $884m $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: ROCY vs TPAY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	ROCY	TPAY	ROCY	TPAY	ROCY	TPAY
3 months	+1.1%	−0.8%	1.6%	2.3%	+1.2 pts	−0.7 pts
6 months	+6.5%	+4.2%	3.5%	4.7%	+1.5 pts	−0.8 pts
Since launchNot the same days: ROCY Mar 2026 · TPAY Feb 2026	+15.3%	+11.6%	4.8%	6.6%	−1.9 pts	−1.1 pts

Open this comparison in the app →

Alert

About each fund

ROCY

Over the period from its first trade on Mar 19, 2026 to Nov 4, 2026, ROCY paid 4.8% of its starting value in cash distributions while its price rose 10.2%. With every distribution reinvested, the fund returned +15.3%. S&P 500 (SPY) returned +17.1% over the same days, so a holder was behind by 1.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.6%, paid monthly.

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). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, ROCY or TPAY?: ROCY charges 0.35% a year and TPAY charges 0.49%, so ROCY is cheaper. Fees come from each fund's prospectus.

Other comparisons

ROCY vs LJUL ROCY vs LAPR ROCY vs LOCT ROCY vs LJAN TPAY vs ISPY TPAY vs BALI TPAY vs DUBS TPAY vs IVVW

Where to next

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

Sources and dates

ROCY filings on SEC EDGAR ↗

ROCY prospectus with the expense ratio (SEC) ↗

JPMorgan 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

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

Open data →

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