Which paid more, SCLZ or XPAY?

Over the year to Nov 4, 2026, SCLZ paid 8.5% 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, SCLZ or XPAY?

With every distribution reinvested, SCLZ returned +10.6% and XPAY +14.0% over the year to Nov 4, 2026.

Which is cheaper, SCLZ or XPAY?

SCLZ charges 0.79% 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

SCLZ 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 SCLZ’s 8.5%, and returned more with it reinvested.

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Net assets: $20m on Jun 30, 2026 for Swan Enhanced Dividend Income ETF, and $187m on Nov 4, 2026 for Roundhill S&P 500 Target 20 Managed Distribution ETF.

SCLZ on its own →XPAY on its own →

At a glance

8.5%

SCLZ cash paid, 1 year

19.7%

XPAY cash paid, 1 year

+10.6%

SCLZ total return, 1 year

+14.0%

XPAY total return, 1 year

SCLZ · 1 year to Nov 4, 2026 4.2 pts behind SPY

SCLZ

+10.6%

SPY

+14.8%

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% of it arrived as cash

4.2 pts behind SPY

Total return, distributions reinvested

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% cash

4.2 pts behind SPY

8.5% of it arrived as cash. Total return, distributions reinvested. SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 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% as 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 0.30 points a year less; their one-year returns differ by 3.4 points.

Points (pts) are percentage points.

SCLZ vs XPAY: Dividend Yield & Total Return
Measure	SCLZ	XPAY
Paid and earned
Measure	SCLZ	XPAY
Total return, 1 year	+10.6%	+14.0%
Price change, 1 year	rose 1.6%	fell 7.2%
Return of capital, issuer estimate		100% of the Oct 15, 2026 payment
Against its benchmark
Measure	SCLZ	XPAY
Benchmark	S&P 500, measured through SPY	Vanguard S&P 500 ETF, measured through VOO
Cost and size
Measure	SCLZ	XPAY
Expense ratio	0.79%	0.49%
Net assets, SCLZ as of Jun 30, 2026 and XPAY as of Nov 4, 2026	$20m	$187m
Holdings
Measure	SCLZ	XPAY
Holdings in common	0%

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

IQ Income Score71.6SCLZ43.4XPAY

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

SCLZ 71.6

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

What they share

By the books each fund has filed, SCLZ and XPAY hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first SCLZ XPAY

Only in one fund ↓

Only in SCLZ

MICRON TECHNOLOGY INC 7.95%

APPLE INC 6.20%

NVIDIA CORP 6.03%

ALPHABET INC 5.22%

ADVANCED MICRO DEVICES INC 5.18%

BROADCOM INC 4.74%

ELI LILLY & COMPANY 3.88%

AMAZON.COM INC 3.77%

Only in XPAY

SPY 12/10/2027 38.04 C 94.39%

Check overlap with more funds →

Side by side

SCLZ Swan Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF · Option income on VOO, paying monthly

Issuer Swan Roundhill

Strategy dividend stocks with call overlay option income

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

Pays monthly monthly

Payout rate, annualized 8.7% 21.1%

Expense ratio 0.79% 0.49%

Cash paid, 1 year 8.5% 19.7%

Price change, 1 year +1.6% −7.2%

Total return, 1 year +10.6% +14.0%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −4.2 pts −0.8 pts

Return of capital, latest estimate not published 100%

Age 2.7 years 2.0 years

Net assets, SCLZ as of Jun 30, 2026 and XPAY as of Nov 4, 2026 $20m $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: SCLZ vs XPAY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	SCLZ	XPAY	SCLZ	XPAY	SCLZ	XPAY
3 months	0.0%	−0.3%	2.1%	5.0%	+0.2 pts	−0.2 pts
6 months	+4.4%	+4.9%	4.3%	10.0%	−0.6 pts	−0.1 pts
1 year	+10.6%	+14.0%	8.5%	19.7%	−4.2 pts	−0.9 pts
Since launchNot the same days: SCLZ Feb 2024 · XPAY Oct 2024	+35.4%	+35.6%	21.2%	39.0%	−20.8 pts	−2.6 pts

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Alert

About each fund

SCLZ

Over the year to Nov 4, 2026, SCLZ paid 8.5% of its starting value in cash distributions while its price rose 1.6%. With every distribution reinvested, the fund returned +10.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.7%, paid monthly.

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

Questions people ask

Which paid more, SCLZ or XPAY?: Over the year to Nov 4, 2026, SCLZ paid 8.5% 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, SCLZ or XPAY?: With every distribution reinvested, SCLZ returned +10.6% and XPAY +14.0% over the year to Nov 4, 2026.
Which is cheaper, SCLZ or XPAY?: SCLZ charges 0.79% a year and XPAY charges 0.49%, so XPAY is cheaper. Fees come from each fund's prospectus.

Other comparisons

SCLZ vs TSPY SCLZ vs OVLH SCLZ vs OVL SCLZ vs XISE XPAY vs DRKY XPAY vs APRH XPAY vs APRJ XPAY vs BIGY

Where to next

S&P 500 (SPY) →Vanguard S&P 500 ETF (VOO) →SCLZ on its own →XPAY on its own →SCLZ dividend history →SCLZ holdings →XPAY dividend history →XPAY holdings →Method →Standards and sources →

Sources and dates

SCLZ filings on SEC EDGAR ↗

SCLZ prospectus with the expense ratio (SEC) ↗

Swan website ↗

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

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