Data as of Nov 4, 2026.
TPAY vs XPAY: Dividend Yield & Total Return
TPAY and XPAY 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 $187m for Roundhill S&P 500 Target 20 Managed Distribution 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, 2026.0.8 pts behind VOO
XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.
VOO
+14.8%
XPAY
+14.0%
19.7% of it arrived as cash
0.8 pts behind VOO
Total return, distributions reinvested
0.8 pts behind VOO
XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.
VOO
+14.8%
XPAY
+14.0%
19.7% as cash
0.8 pts behind VOO
19.7% of it arrived as cash. Both charts share one scale, with zero at the line. XPAY over 1 year: paid 19.7%, price −7.2%, total +14.0%, VOO +14.8%, −0.8 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
Both cost 0.49% a year; XPAY is far larger, $187m against $2.1m.
Points (pts) are percentage points.
| Measure | TPAY | XPAY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +14.0% |
| Price change | rose 4.6% (since Feb 18, 2026) | fell 7.2% (1 year) |
| Return of capital, issuer estimate | 100% of the Oct 15, 2026 payment | |
| Against its benchmark | ||
| 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 0.8 pts |
| Cost and size | ||
| Expense ratio | 0.49% | 0.49% |
| Net assets | $2.1m | $187m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, TPAY and XPAY 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 | XPAY | TPAY | XPAY | TPAY | XPAY |
| 3 months | −0.8% | −0.3% | 2.3% | 5.0% | −0.7 pts | −0.2 pts |
| 6 months | +4.2% | +4.9% | 4.7% | 10.0% | −0.8 pts | −0.1 pts |
| 1 year | – | +14.0% | – | 19.7% | – | −0.9 pts |
| Since launchNot the same days: TPAY Feb 2026 · XPAY Oct 2024 | +11.6% | +35.6% | 6.6% | 39.0% | −1.1 pts | −2.6 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.
XPAY
Over the year to Nov 4, 2026, XPAY paid 19.7% of its starting value in cash distributions while its price fell 7.2%. With every distribution reinvested, the fund returned +14.0%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 0.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 21.1%, paid monthly.
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 XPAY, data as of Nov 4, 2026. https://etfiq.com/compare/income/tpay-vs-xpay
ETFIQ. (Nov 4, 2026). TPAY against XPAY. Retrieved from https://etfiq.com/compare/income/tpay-vs-xpay
[TPAY against XPAY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/tpay-vs-xpay)
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