Data as of .
SDTY vs TPAY: which paid, and which earned it?
SDTY and TPAY both write options for income.
What they hold in common
By the books each fund has filed, SDTY and TPAY hold 0% of their money in the same securities at the same weight.
| Only in SDTY | Only in TPAY |
|---|---|
| SPX 12/18/2026 1200.26 C 88.32% | SPY 03/12/2027 33.67 C 61.75% |
| First American Government Obligations Fund 12/01/2031 8.93% | SPY 04/16/2027 33.18 C 33.20% |
| United States Treasury Bill 10/15/2026 2.55% | SPYM 03/12/2027 3.33 C 5.05% |
| United States Treasury Bill 02/18/2027 0.10% | |
| United States Treasury Bill 07/08/2027 0.09% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| SDTY | TPAY | SDTY | TPAY | SDTY | TPAY | |
| 3 months | +3.2% | +1.5% | 5.9% | 2.4% | +1.0 pts | −0.8 pts |
| 6 months | +16.5% | +17.3% | 13.7% | 5.3% | −1.6 pts | −0.7 pts |
| 1 year | +15.8% | not published | 24.4% | not published | −0.8 pts | not published |
| Since launch | +22.3% | +11.0% | 35.4% | 5.8% | −5.8 pts | −0.8 pts |
| SDTY YieldMax(R) S&P 500 0DTE Covered Call Strategy ETF 0DTE covered call on SPY, paying weekly | TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | YieldMax | Roundhill |
| Strategy | 0DTE covered call | option income |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | weekly | monthly |
| Payout rate, annualized | 19.8% | 9.5% |
| Expense ratio | 1.08% | 0.49% |
| Cash paid, 1 year | 24.4% | 5.8% (since launch on Feb 18, 2026) |
| Price change, 1 year | −10.8% | +4.9% |
| Total return, 1 year | +15.8% | +11.0% (since launch on Feb 18, 2026) |
| Benchmark return, 1 year | +16.6% | +11.8% |
| Ahead or behind | −0.8 pts | −0.8 pts |
| Return of capital, latest estimate | 100% | not published |
| Age | 589 days | 212 days |
| Net assets | $28m | $2m |
SDTY in plain words
Over the year to Sep 18, 2026, SDTY paid 24.4% of its starting value in cash distributions while its price fell 10.8%. With every distribution reinvested, the fund returned +15.8%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 0.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 19.8%, paid weekly. YieldMax estimates that 100% of the distribution paid Sep 17, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
TPAY in plain words
Over the period since launch on Feb 18, 2026 to Sep 18, 2026, TPAY paid 5.8% of its starting value in cash distributions while its price rose 4.9%. With every distribution reinvested, the fund returned +11.0%. S&P 500 (SPY) returned +11.8% over the same days, so a holder was behind by 0.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.5%, paid monthly.
Questions people ask
- Which is cheaper, SDTY or TPAY?
- SDTY charges 1.08% a year and TPAY charges 0.49%, so TPAY is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, SDTY against TPAY, data as of Sep 18, 2026. https://etfiq.com/compare/income/sdty-vs-tpay Free to use with attribution; the underlying files are at Open data.