Data as of Nov 4, 2026.
SPUT vs TPAY: Dividend Yield & Total Return
SPUT and TPAY both write options for income.
askIQ about this page
askIQ about SPUT and TPAY
Net assets on Nov 4, 2026: $17m for Innovator Equity Premium Income - Daily PutWrite ETF and $2.1m for Roundhill S&P 500 Target 10 Managed Distribution ETF.
4.1 pts behind SPY
SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SPUT
+10.7%
4.8% of it arrived as cash
4.1 pts behind SPY
Total return, distributions reinvested
4.1 pts behind SPY
SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SPUT
+10.7%
4.1 pts behind SPY
4.8% of it arrived as cash. Total return, distributions reinvested. SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.1 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 +14.8%. 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 +14.8%. Data to Nov 4, 2026.Pair scorecard
TPAY costs 0.30 points a year less; SPUT is 8.1 times larger.
Points (pts) are percentage points.
| Measure | SPUT | TPAY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +10.7% | not published |
| Price change | rose 5.7% (1 year) | rose 4.6% (since Feb 18, 2026) |
| Return of capital, issuer estimate | 58% of the Nov 2, 2026 payment | 100% of the Oct 15, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | Vanguard S&P 500 ETF, measured through VOO |
| Against its benchmark, same days | behind by 4.1 pts | behind by 1.0 pts |
| Cost and size | ||
| Expense ratio | 0.79% | 0.49% |
| Net assets | $17m | $2.1m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, SPUT and TPAY hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | SPUT | TPAY | SPUT | TPAY | SPUT | TPAY |
| 3 months | +0.9% | −0.8% | 1.0% | 2.3% | +1.0 pts | −0.7 pts |
| 6 months | +3.4% | +4.2% | 1.9% | 4.7% | −1.6 pts | −0.8 pts |
| 1 year | +10.7% | – | 4.8% | – | −4.0 pts | – |
| Since launchNot the same days: SPUT Mar 2025 · TPAY Feb 2026 | +23.3% | +11.6% | 9.1% | 6.6% | −15.6 pts | −1.1 pts |
– means no data for this window. Open this comparison in the app →
SPUT
Over the year to Nov 4, 2026, SPUT paid 4.8% of its starting value in cash distributions while its price rose 5.7%. With every distribution reinvested, the fund returned +10.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 3.6%, paid monthly. Innovator estimates that 58% of the distribution paid Nov 2, 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
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, SPUT against TPAY, data as of Nov 4, 2026. https://etfiq.com/compare/income/sput-vs-tpay
ETFIQ. (Nov 4, 2026). SPUT against TPAY. Retrieved from https://etfiq.com/compare/income/sput-vs-tpay
[SPUT against TPAY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/sput-vs-tpay)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.