Data as of Nov 4, 2026.
TPAY vs XRMI: Dividend Yield & Total Return
TPAY and XRMI 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 $62m on Oct 12, 2026 for Global X S&P 500 Risk Managed Income 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, 2026.6.1 pts behind SPY
XRMI over 1 year: paid 11.9%, price −3.8%, total +8.7%, SPY +14.8%, −6.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
XRMI
+8.7%
11.9% of it arrived as cash
6.1 pts behind SPY
Total return, distributions reinvested
6.1 pts behind SPY
XRMI over 1 year: paid 11.9%, price −3.8%, total +8.7%, SPY +14.8%, −6.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
XRMI
+8.7%
11.9% cash
6.1 pts behind SPY
11.9% of it arrived as cash. Both charts share one scale, with zero at the line. XRMI over 1 year: paid 11.9%, price −3.8%, total +8.7%, SPY +14.8%, −6.1 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
TPAY costs 0.11 points a year less; XRMI is far larger, $62m against $1.6m.
Points (pts) are percentage points.
| Measure | TPAY | XRMI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +8.7% |
| Price change | rose 4.6% (since Feb 18, 2026) | fell 3.8% (1 year) |
| Return of capital, issuer estimate | 100% of the Oct 15, 2026 payment | 95% of the Sep 24, 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 | behind by 6.1 pts |
| Cost and size | ||
| Expense ratio | 0.49% | 0.60% |
| Net assets, as of Oct 12, 2026 | $1.6m | $62m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, TPAY and XRMI 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 | TPAY | XRMI | TPAY | XRMI | TPAY | XRMI |
| 3 months | −0.8% | +1.6% | 2.3% | 2.9% | −0.7 pts | +1.8 pts |
| 6 months | +4.2% | +5.4% | 4.7% | 6.0% | −0.8 pts | +0.4 pts |
| 1 year | – | +8.7% | – | 11.9% | – | −6.1 pts |
| 3 years | – | +30.8% | – | 35.1% | – | −52.2 pts |
| Since launchNot the same days: TPAY Feb 2026 · XRMI Aug 2021 | +11.6% | +17.6% | 6.6% | 45.0% | −1.1 pts | −66.7 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.
XRMI
Over the year to Nov 4, 2026, XRMI paid 11.9% of its starting value in cash distributions while its price fell 3.8%. With every distribution reinvested, the fund returned +8.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 6.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 10.6%, paid monthly. Global X estimates that 95% of the distribution paid Sep 24, 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.
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ETFIQ, TPAY against XRMI, data as of Nov 4, 2026. https://etfiq.com/compare/income/tpay-vs-xrmi
ETFIQ. (Nov 4, 2026). TPAY against XRMI. Retrieved from https://etfiq.com/compare/income/tpay-vs-xrmi
[TPAY against XRMI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/tpay-vs-xrmi)
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