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Data as of Nov 4, 2026.

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Income ETFs

XISE vs XPAY: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, XPAY paid 19.7% of its price in cash against XISE’s 6.1%, and returned more with it reinvested.

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Net assets: $33m on Nov 3, 2026 for FT Vest U.S. Equity Buffer & Premium Income ETF - September, and $187m on Nov 4, 2026 for Roundhill S&P 500 Target 20 Managed Distribution ETF.

XISE on its own →XPAY on its own →
At a glance
6.1%
XISE cash paid, 1 year
19.7%
XPAY cash paid, 1 year
+7.0%
XISE total return, 1 year
+14.0%
XPAY total return, 1 year
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. Total return, distributions reinvested. XISE over 1 year: paid 6.1%, price +0.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.
XPAY · 1 year to Nov 4, 2026 0.8 pts behind VOO
XPAY
+14.0%
VOO
+14.8%

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

XPAY costs 0.36 points a year less; their one-year returns differ by 7.0 points; XPAY is 5.5 times larger.

Points (pts) are percentage points.

XISE vs XPAY: Dividend Yield & Total Return
MeasureXISEXPAY
Paid and earned
Total return, 1 year+7.0%+14.0%
Price change, 1 yearrose 0.7%fell 7.2%
Return of capital, issuer estimate0% of the Nov 3, 2026 payment100% of the Oct 15, 2026 payment
Against its benchmark
BenchmarkVanguard S&P 500 ETF, measured through VOOVanguard S&P 500 ETF, measured through VOO
Cost and size
Expense ratio0.85%0.49%
Net assets, as of Nov 3, 2026$33m$183m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · XISE scores higher How much of what it paid out did its total return cover?
IQ Income Score67.4XISE43.4XPAY

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

0%

By the books each fund has filed, XISE and XPAY hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first XISE XPAY
Only in one fund ↓
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%
Only in XPAY
SPY 12/10/2027 38.04 C 94.39%
Check overlap with more funds →

Side by side

XISE FT Vest U.S. Equity Buffer & Premium Income ETF - September · Buffer with income on VOO, paying monthly XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF · Option income on VOO, paying monthly
Issuer First Trust Roundhill
Strategy buffer with income option income
Benchmark Vanguard S&P 500 ETF (VOO) Vanguard S&P 500 ETF (VOO)
Pays monthly monthly
Payout rate, annualized 6.8% 21.1%
Expense ratio 0.85% 0.49%
Cash paid, 1 year 6.1% 19.7%
Price change, 1 year +0.7% −7.2%
Total return, 1 year +7.0% +14.0%
Benchmark return, 1 year +14.8% +14.8%
Ahead or behind −7.8 pts −0.8 pts
Return of capital, latest estimate 0% 100%
Age 3.1 years 2.0 years
Net assets, XISE as of Nov 3, 2026 and XPAY as of Nov 4, 2026 $33m $187m

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: XISE vs XPAY: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowXISEXPAYXISEXPAYXISEXPAY
3 months+1.4%−0.3%1.6%5.0%+1.6 pts−0.2 pts
6 months+2.9%+4.9%3.1%10.0%−2.1 pts−0.1 pts
1 year+7.0%+14.0%6.1%19.7%−7.8 pts−0.9 pts
3 years+21.3%–19.1%–−62.0 pts–
Since launchNot the same days: XISE Sep 2023 · XPAY Oct 2024+22.3%+35.6%19.7%39.0%−57.3 pts−2.6 pts

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About each fund
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). 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. Roundhill estimates that 100% of the distribution paid Oct 15, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, XISE or XPAY?
Over the year to Nov 4, 2026, XISE paid 6.1% of its starting price in cash and XPAY paid 19.7%, so XPAY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, XISE or XPAY?
With every distribution reinvested, XISE returned +7.0% and XPAY +14.0% over the year to Nov 4, 2026.
Which is cheaper, XISE or XPAY?
XISE charges 0.85% a year and XPAY charges 0.49%, so XPAY is cheaper. Fees come from each fund's prospectus.
Other comparisons
XISE vs TSPYXISE vs OVLHXISE vs OVLXISE vs LAPRXPAY vs SDTYXPAY vs XIMRXPAY vs XIJNXPAY vs XIDE
Where to next
Vanguard S&P 500 ETF (VOO) →XISE on its own →XPAY on its own →XISE dividend history →XISE holdings →XPAY dividend history →XPAY holdings →Method →Standards and sources →
Sources and dates
XISE filings on SEC EDGAR ↗
XISE prospectus with the expense ratio (SEC) ↗
XISE 19a-1 distribution notice ↗
First Trust page for XISE ↗
XPAY filings on SEC EDGAR ↗
XPAY prospectus with the expense ratio (SEC) ↗
XPAY 19a-1 distribution notice ↗
Roundhill page for XPAY ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

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

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