Which is cheaper, SDVD or TPAY?

SDVD charges 0.85% a year and TPAY charges 0.49%, so TPAY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

SDVD vs TPAY: Dividend Yield & Total Return

SDVD and TPAY both write options for income.

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Net assets: $903m on Nov 3, 2026 for FT Vest SMID Rising Dividend Achievers Target Income ETF, and $2.1m on Nov 4, 2026 for Roundhill S&P 500 Target 10 Managed Distribution ETF.

SDVD on its own →TPAY on its own →

At a glance

9.7%

SDVD cash paid, 1 year

6.6%

TPAY cash paid, since launch, Feb 18, 2026

+18.9%

SDVD total return, 1 year

+11.6%

TPAY total return, since launch, Feb 18, 2026

SDVD · 1 year to Nov 4, 2026 1.4 pts ahead of SDVY

SDVD

+18.9%

SDVY

+17.5%

1.4 pts ahead of SDVY

SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

SDVY

+17.5%

SDVD

+18.9%

9.7% of it arrived as cash

1.4 pts ahead of SDVY

Total return, distributions reinvested

1.4 pts ahead of SDVY

SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

SDVY

+17.5%

SDVD

+18.9%

9.7% cash

1.4 pts ahead of SDVY

9.7% of it arrived as cash. Total return, distributions reinvested. SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 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 +18.9%. 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 +18.9%. Data to Nov 4, 2026.

Pair scorecard

TPAY costs 0.36 points a year less; SDVD is far larger, $903m against $2.1m.

Points (pts) are percentage points.

SDVD vs TPAY: Dividend Yield & Total Return
Measure	SDVD	TPAY
Paid and earned
Measure	SDVD	TPAY
Total return, 1 year	+18.9%	not published
Price change	rose 8.6% (1 year)	rose 4.6% (since Feb 18, 2026)
Return of capital, issuer estimate	22% of the Oct 30, 2026 payment	100% of the Oct 15, 2026 payment
Against its benchmark
Measure	SDVD	TPAY
Benchmark	First Trust SMID Cap Rising Dividend Achievers ETF, measured through SDVY	Vanguard S&P 500 ETF, measured through VOO
Against its benchmark, same days	ahead by 1.4 pts	behind by 1.0 pts
Cost and size
Measure	SDVD	TPAY
Expense ratio	0.85%	0.49%
Net assets, as of Nov 3, 2026	$903m	$2.1m
Holdings
Measure	SDVD	TPAY
Holdings in common	0%

Method

What they share

By the books each fund has filed, SDVD 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 SDVD TPAY

Only in one fund ↓

Only in SDVD

The Hanover Insurance Group, Inc. 1.09%

Reinsurance Group of America, Incorporated 1.06%

Williams-Sonoma, Inc. 1.06%

Veralto Corporation 1.05%

Assurant, Inc. 1.02%

Interparfums, Inc. 1.02%

National HealthCare Corporation 1.02%

VeriSign, Inc. 1.02%

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

SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF · Writes calls on the Russell 2000, investing in the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, paying monthly TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF · Option income on VOO, paying monthly

Issuer First Trust Roundhill

Strategy dividend stocks with call overlay option income

Benchmark First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) Vanguard S&P 500 ETF (VOO)

Pays monthly monthly

Payout rate, annualized 8.2% 9.5%

Expense ratio 0.85% 0.49%

Cash paid, 1 year 9.7% 6.6% (since launch, Feb 18, 2026)

Price change, 1 year +8.6% +4.6% (since launch, Feb 18, 2026)

Total return, 1 year +18.9% +11.6% (since launch, Feb 18, 2026)

Benchmark return, 1 year +17.5% +12.6% (since launch, Feb 18, 2026)

Ahead or behind +1.4 pts −1.0 pts (since launch, Feb 18, 2026)

Return of capital, latest estimate 22% 100%

Age 3.2 years 259 days

Net assets, SDVD as of Nov 3, 2026 and TPAY as of Nov 4, 2026 $903m $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: SDVD vs TPAY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	SDVD	TPAY	SDVD	TPAY	SDVD	TPAY
3 months	−2.3%	−0.8%	2.0%	2.3%	+0.5 pts	−0.7 pts
6 months	+3.3%	+4.2%	4.1%	4.7%	+0.9 pts	−0.8 pts
1 year	+18.9%	–	9.7%	–	+1.4 pts	–
3 years	+60.8%	–	31.3%	–	+1.0 pts	–
Since launchNot the same days: SDVD Aug 2023 · TPAY Feb 2026	+53.9%	+11.6%	31.3%	6.6%	+1.9 pts	−1.1 pts

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Alert

About each fund

SDVD

Over the year to Nov 4, 2026, SDVD paid 9.7% of its starting value in cash distributions while its price rose 8.6%. With every distribution reinvested, the fund returned +18.9%. First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) returned +17.5% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.2%, paid monthly. First Trust estimates that 22% 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.

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, SDVD or TPAY?: SDVD charges 0.85% a year and TPAY charges 0.49%, so TPAY is cheaper. Fees come from each fund's prospectus.

Other comparisons

SDVD vs LJUL SDVD vs LAPR SDVD vs LOCT SDVD vs LJAN TPAY vs KNG TPAY vs KYLD TPAY vs VOOY TPAY vs FEPI

Where to next

First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) →Vanguard S&P 500 ETF (VOO) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →SDVD on its own →TPAY on its own →SDVD dividend history →SDVD holdings →TPAY dividend history →TPAY holdings →Method →Standards and sources →

Sources and dates

SDVD filings on SEC EDGAR ↗

SDVD prospectus with the expense ratio (SEC) ↗

SDVD 19a-1 distribution notice ↗

First Trust page for SDVD ↗

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

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