Which is cheaper, TPAY or XISE?

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

Data as of Nov 4, 2026.

Income ETFs

TPAY vs XISE: Dividend Yield & Total Return

TPAY and XISE both write options for income.

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Net assets: $2.1m on Nov 4, 2026 for Roundhill S&P 500 Target 10 Managed Distribution ETF, and $33m on Nov 3, 2026 for FT Vest U.S. Equity Buffer & Premium Income ETF - September.

TPAY on its own →XISE on its own →

At a glance

6.6%

TPAY cash paid, since launch, Feb 18, 2026

6.1%

XISE cash paid, 1 year

+11.6%

TPAY total return, since launch, Feb 18, 2026

+7.0%

XISE total return, 1 year

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. 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.

XISE · 1 year to Nov 4, 2026 7.8 pts behind VOO

XISE

+7.0%

VOO

+14.8%

7.8 pts behind VOO

XISE over 1 year: paid 6.1%, price +0.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.

VOO

+14.8%

XISE

+7.0%

6.1% of it arrived as cash

7.8 pts behind VOO

Total return, distributions reinvested

7.8 pts behind VOO

XISE over 1 year: paid 6.1%, price +0.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.

VOO

+14.8%

XISE

+7.0%

7.8 pts behind VOO

6.1% of it arrived as cash. Both charts share one scale, 0 to +14.8%. XISE over 1 year: paid 6.1%, price +0.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.

Pair scorecard

TPAY costs 0.36 points a year less; XISE is 15.7 times larger.

Points (pts) are percentage points.

TPAY vs XISE: Dividend Yield & Total Return
Measure	TPAY	XISE
Paid and earned
Measure	TPAY	XISE
Total return, 1 year	not published	+7.0%
Price change	rose 4.6% (since Feb 18, 2026)	rose 0.7% (1 year)
Return of capital, issuer estimate	100% of the Oct 15, 2026 payment	0% of the Nov 3, 2026 payment
Against its benchmark
Measure	TPAY	XISE
Benchmark	Vanguard S&P 500 ETF, measured through VOO	Vanguard S&P 500 ETF, measured through VOO
Against its benchmark, same days	behind by 1.0 pts	behind by 7.8 pts
Cost and size
Measure	TPAY	XISE
Expense ratio	0.49%	0.85%
Net assets, as of Nov 3, 2026	$2.1m	$33m
Holdings
Measure	TPAY	XISE
Holdings in common	0%

Method

What they share

By the books each fund has filed, TPAY and XISE 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 TPAY XISE

Only in one fund ↓

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%

Only in XISE

2027-09-17 State Street® SPDR® S&P 500® ETF Trust C 0.08 98.27%

2027-09-17 State Street® SPDR® S&P 500® ETF Trust P 761.61 5.23%

2027-09-17 State Street® SPDR® S&P 500® ETF Trust P 685.44 -2.83%

2027-09-17 State Street® SPDR® S&P 500® ETF Trust C 761.61 -7.76%

Check overlap with more funds →

Side by side

TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF · Option income on VOO, paying monthly XISE FT Vest U.S. Equity Buffer & Premium Income ETF - September · Buffer with income on VOO, paying monthly

Issuer Roundhill First Trust

Strategy option income buffer with income

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

Pays monthly monthly

Payout rate, annualized 9.5% 6.8%

Expense ratio 0.49% 0.85%

Cash paid, 1 year 6.6% (since launch, Feb 18, 2026) 6.1%

Price change, 1 year +4.6% (since launch, Feb 18, 2026) +0.7%

Total return, 1 year +11.6% (since launch, Feb 18, 2026) +7.0%

Benchmark return, 1 year +12.6% (since launch, Feb 18, 2026) +14.8%

Ahead or behind −1.0 pts (since launch, Feb 18, 2026) −7.8 pts

Return of capital, latest estimate 100% 0%

Age 259 days 3.1 years

Net assets, TPAY as of Nov 4, 2026 and XISE as of Nov 3, 2026 $2.1m $33m

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: TPAY vs XISE: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	TPAY	XISE	TPAY	XISE	TPAY	XISE
3 months	−0.8%	+1.4%	2.3%	1.6%	−0.7 pts	+1.6 pts
6 months	+4.2%	+2.9%	4.7%	3.1%	−0.8 pts	−2.1 pts
1 year	–	+7.0%	–	6.1%	–	−7.8 pts
3 years	–	+21.3%	–	19.1%	–	−62.0 pts
Since launchNot the same days: TPAY Feb 2026 · XISE Sep 2023	+11.6%	+22.3%	6.6%	19.7%	−1.1 pts	−57.3 pts

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Alert

About each fund

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.

XISE

Over the year to Nov 4, 2026, XISE paid 6.1% of its starting value in cash distributions while its price rose 0.7%. With every distribution reinvested, the fund returned +7.0%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 7.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.8%, paid monthly. First Trust estimates that 0% of the distribution paid Nov 3, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

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

Other comparisons

TPAY vs XIMR TPAY vs LAPR TPAY vs OVLH TPAY vs LJUL XISE vs LJUL XISE vs LAPR XISE vs LOCT XISE vs LJAN

Where to next

Vanguard S&P 500 ETF (VOO) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →TPAY on its own →XISE on its own →TPAY dividend history →TPAY holdings →XISE dividend history →XISE holdings →Method →Standards and sources →

Sources and dates

TPAY filings on SEC EDGAR ↗

TPAY prospectus with the expense ratio (SEC) ↗

TPAY 19a-1 distribution notice ↗

Roundhill page for TPAY ↗

XISE filings on SEC EDGAR ↗

XISE prospectus with the expense ratio (SEC) ↗

XISE 19a-1 distribution notice ↗

First Trust page for XISE ↗

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

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