Data as of Nov 4, 2026.
TPAY vs XSPI: Dividend Yield & Total Return
TPAY and XSPI both write options for income.
askIQ about this page
askIQ about TPAY and XSPI
Net assets: $2.1m on Nov 4, 2026 for Roundhill S&P 500 Target 10 Managed Distribution ETF, and $140m on Oct 28, 2026 for NEOS Boosted S&P 500 High 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%
6.6% cash
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
XSPI since launch: paid 13.9%, price −2.3%, total +12.4%, SPY +12.1%, +0.3 pts. Data to Nov 4, 2026.
SPY
+12.1%
XSPI
+12.4%
13.9% of it arrived as cash
about even with SPY
Total return, distributions reinvested
About even with SPY
XSPI since launch: paid 13.9%, price −2.3%, total +12.4%, SPY +12.1%, +0.3 pts. Data to Nov 4, 2026.
SPY
+12.1%
XSPI
+12.4%
13.9% as cash
about even with SPY
13.9% of it arrived as cash. Both charts share one scale, with zero at the line. XSPI since launch: paid 13.9%, price −2.3%, total +12.4%, SPY +12.1%, +0.3 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
TPAY costs 0.49 points a year less; XSPI is far larger, $140m against $2.1m.
Points (pts) are percentage points.
| Measure | TPAY | XSPI |
|---|---|---|
| Paid and earned | ||
| Price change | rose 4.6% (since Feb 18, 2026) | fell 2.3% (since Feb 3, 2026) |
| Return of capital, issuer estimate | 100% of the Oct 15, 2026 payment | 98% of the Oct 9, 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% | 0.98% |
| Net assets, as of Oct 28, 2026 | $2.1m | $140m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, TPAY and XSPI hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 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 | XSPI | TPAY | XSPI | TPAY | XSPI |
| 3 months | −0.8% | +1.1% | 2.3% | 4.2% | −0.7 pts | +1.2 pts |
| 6 months | +4.2% | +7.0% | 4.7% | 8.5% | −0.8 pts | +2.0 pts |
| Since launchNot the same days: TPAY Feb 2026 · XSPI Feb 2026 | +11.6% | +12.4% | 6.6% | 13.9% | −1.1 pts | +0.3 pts |
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.
XSPI
Over the period from its first trade on Feb 3, 2026 to Nov 4, 2026, XSPI paid 13.9% of its starting value in cash distributions while its price fell 2.3%. With every distribution reinvested, the fund returned +12.4%. S&P 500 (SPY) returned +12.1% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 16.6%, paid monthly. NEOS estimates that 98% of the distribution paid Oct 9, 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, TPAY against XSPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/tpay-vs-xspi
ETFIQ. (Nov 4, 2026). TPAY against XSPI. Retrieved from https://etfiq.com/compare/income/tpay-vs-xspi
[TPAY against XSPI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/tpay-vs-xspi)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.