Data as of Nov 4, 2026.
XPAY vs XSPI: Dividend Yield & Total Return
XPAY and XSPI both write options for income.
askIQ about this page
askIQ about XPAY and XSPI
Net assets: $187m on Nov 4, 2026 for Roundhill S&P 500 Target 20 Managed Distribution ETF, and $140m on Oct 28, 2026 for NEOS Boosted S&P 500 High Income ETF.
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. Total return, distributions reinvested. 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.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
XPAY costs 0.49 points a year less; XPAY is 1.3 times larger.
Points (pts) are percentage points.
| Measure | XPAY | XSPI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +14.0% | not published |
| Price change | fell 7.2% (1 year) | 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 |
| Cost and size | ||
| Expense ratio | 0.49% | 0.98% |
| Net assets, as of Oct 28, 2026 | $186m | $140m |
| Holdings | ||
| Holdings in common | 0% | |
Risk and return
Feb 13, 2026 to Oct 30, 2026 · 37 weekly returnsFrom Feb 2026 to Oct 2026, XSPI returned slightly more: +12.2% to +11.2%. XPAY fell less at its worst: −7.8% to −10.3%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | XPAY | XSPI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +11.2% | +12.2% | XSPI (slight) | Price change plus distributions, reinvested. |
| Price return | −3.1% | +0.3% | XSPI | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −7.8% | −10.3% | XPAY | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 37 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, XPAY 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 | XPAY | XSPI | XPAY | XSPI | XPAY | XSPI |
| 3 months | −0.3% | +1.1% | 5.0% | 4.2% | −0.2 pts | +1.2 pts |
| 6 months | +4.9% | +7.0% | 10.0% | 8.5% | −0.1 pts | +2.0 pts |
| 1 year | +14.0% | – | 19.7% | – | −0.9 pts | – |
| Since launchNot the same days: XPAY Oct 2024 · XSPI Feb 2026 | +35.6% | +12.4% | 39.0% | 13.9% | −2.6 pts | +0.3 pts |
– means no data for this window. Open this comparison in the app →
No client brief for this pair: ETFIQ prints no one-year total return for XSPI.
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). 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, XPAY against XSPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/xpay-vs-xspi
ETFIQ. (Nov 4, 2026). XPAY against XSPI. Retrieved from https://etfiq.com/compare/income/xpay-vs-xspi
[XPAY against XSPI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/xpay-vs-xspi)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.