Roundhill S&P 500 Target 20 Managed Distribution ETF
$50.21−0.29 (−0.57%)
- 0.49%
- $184M
- +11.2%
- 21.59%
- 46.2K sh
- low $47.35high $56.34
The ETF.net XPAY Grade
B
Score 63 out of 100
- 20 of 52
Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B65 out of 100Rank 18 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.A94 out of 100Rank 19 of 36Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D28 out of 100Rank 44 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B58 out of 100Rank 17 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C51 out of 100Rank 23 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C54 out of 100Rank 28 of 52
Our read on XPAY
In short
BMost S&P 500 income funds sell upside to fund the check. XPAY skips that: it holds index exposure through FLEX options and pays out 20% of its year-end NAV in twelve monthly slices, mostly as return of capital.
Stated mandate
The fund seeks current income while also seeking exposure to the performance of the S&P 500 Index.
Why people hold it
Worth knowing
XPAY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
XPAY$11,115
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | XPAY |
|---|---|
| Year to date | +11.1% |
| 1 month | −1.0% |
| 3 months | +1.2% |
| 1 year | +11.2% |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | XPAY |
|---|---|---|
| 2026 YTD | +11.1% | |
| 2025 | +16.5% | |
| 2024 | +3.1% |
XPAY in the news
XPAY Dividends
- 21.59%
- $10.90
- $0.90 per share
- Monthly
XPAY Risk
- 12.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.87
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −18.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
XPAY Cost
Overpaying vs PEPS, cheapest in S&P 500 Option Income
$7,686
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
XPAY 0.49%
$9,792
PEPS 0.10% Cheapest
$2,106
Cost over time
Year by year
| Year | XPAY | PEPS | Overpaying |
|---|---|---|---|
| 10 | $883 | $183 | $700 |
| 20 | $3,394 | $717 | $2,677 |
| 30 | $9,792 | $2,106 | $7,686 |
Other funds in S&P 500 Option Income
- BISPYProShares S&P 500 High Income ETFExpense ratio 0.55%1 year return +8.4%
- BPEPSParametric Equity Plus ETFExpense ratio 0.10%1 year return +11.7%
- BBNDINeos Enhanced Income Aggregate Bond ETFExpense ratio 0.58%1 year return +1.4%
- BHEMIHartford Equity Premium Income ETFExpense ratio 0.49%1 year return
- BHEQTSimplify Hedged Equity ETFExpense ratio 0.48%1 year return +8.9%
