Data as of Nov 4, 2026.
TPAY vs XDTE: Dividend Yield & Total Return
TPAY and XDTE both write options for income.
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Net assets on Nov 4, 2026: $2.1m for Roundhill S&P 500 Target 10 Managed Distribution ETF and $321m for Roundhill S&P 500 0DTE Covered Call Strategy ETF.
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. Total return, distributions reinvested. TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.About even with SPY
XDTE over 1 year: paid 25.5%, price −13.2%, total +14.6%, SPY +14.8%, −0.2 pts. Data to Nov 4, 2026.
SPY
+14.8%
XDTE
+14.6%
25.5% of it arrived as cash
about even with SPY
Total return, distributions reinvested
About even with SPY
XDTE over 1 year: paid 25.5%, price −13.2%, total +14.6%, SPY +14.8%, −0.2 pts. Data to Nov 4, 2026.
SPY
+14.8%
XDTE
+14.6%
25.5% as cash
about even with SPY
25.5% of it arrived as cash. Both charts share one scale, with zero at the line. XDTE over 1 year: paid 25.5%, price −13.2%, total +14.6%, SPY +14.8%, −0.2 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
TPAY costs 0.48 points a year less; XDTE is far larger, $321m against $2.1m.
Points (pts) are percentage points.
| Measure | TPAY | XDTE |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +14.6% |
| Price change | rose 4.6% (since Feb 18, 2026) | fell 13.2% (1 year) |
| Return of capital, issuer estimate | 100% of the Oct 15, 2026 payment | 100% of the Oct 30, 2026 payment |
| Against its benchmark | ||
| Benchmark | Vanguard S&P 500 ETF, measured through VOO | S&P 500, measured through SPY |
| Against its benchmark, same days | behind by 1.0 pts | |
| Cost and size | ||
| Expense ratio | 0.49% | 0.97% |
| Net assets | $2.1m | $321m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, TPAY and XDTE hold 0% of their money in the same securities at the same weight. Holdings dated 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 | TPAY | XDTE | TPAY | XDTE | TPAY | XDTE |
| 3 months | −0.8% | +1.0% | 2.3% | 4.2% | −0.7 pts | +1.2 pts |
| 6 months | +4.2% | +5.5% | 4.7% | 9.3% | −0.8 pts | +0.5 pts |
| 1 year | – | +14.6% | – | 25.5% | – | −0.2 pts |
| Since launchNot the same days: TPAY Feb 2026 · XDTE Mar 2024 | +11.6% | +47.4% | 6.6% | 60.8% | −1.1 pts | −6.4 pts |
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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.
XDTE
Over the year to Nov 4, 2026, XDTE paid 25.5% of its starting value in cash distributions while its price fell 13.2%. With every distribution reinvested, the fund returned +14.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 12.4%, paid weekly. Roundhill estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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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, TPAY against XDTE, data as of Nov 4, 2026. https://etfiq.com/compare/income/tpay-vs-xdte
ETFIQ. (Nov 4, 2026). TPAY against XDTE. Retrieved from https://etfiq.com/compare/income/tpay-vs-xdte
[TPAY against XDTE (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/tpay-vs-xdte)
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