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CTEF vs PAYR

Castellan Targeted Equity ETF

CTEFBCboe

Federated Hermes Enhanced Income ETF

PAYRACboe

Overlap

Expense ratio

PAYR −0.05pt a year

CTEF0.45%PAYR0.40%

Avg volume · 30D

PAYR 3.1×the volume

CTEF5.81KPAYR18.1K

CTEF vs PAYR Performance

Oct 31, 2025 – Oct 30, 2026

+24.1%CTEF+25.2%PAYR

Oct 31, 2025 to Oct 30, 2026. CTEF +24.1%. PAYR +25.2%. Use the arrow keys to read each point.0%10%40%Oct 2025Apr 2026Oct 2026
Expense ratio
CTEF 0.45%
PAYR 0.40%, better
Fund size
CTEF $612M
PAYR $91M
1Y total return
CTEF +24.1%
PAYR +25.2%, better
Holdings
CTEF 30
PAYR 58
Avg volume (30D)
CTEF 5.81K sh
PAYR 18.1K sh, better
NAV per share
CTEF $81.82
PAYR $56.43
52W range

ETF.net Grade

CTEF: Cost 89, Risk 41, Mission not scored, Tradability 56, Holdings 38, Durability 67. PAYR: Cost 92, Risk 75, Mission not scored, Tradability 56, Holdings 73, Durability 55.
Pillar letters and Scores for CTEF, PAYR, with each pillar’s weight
PillarCTEFPAYR
Cost30% weightA89A92Higher
Mission25% weightNot scoredNot scored
Risk15% weightC41A75Higher
Tradability15% weightB56B56
Holdings10% weightD38A73Higher
Durability5% weightB67HigherB55

Rank among Active Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CTEF and PAYR are both graded against the same 50 Active Option Income funds, so their Grades compare head to head.

Active Option Income⁠

Category · 50 funds
See all 50 ›

PAYR ranks 4th and CTEF 13th of 50 funds in the Active Option Income Category.

  1. Rank 1ARECIColumbia Research Enhanced Core Premium Income ETScore 83
  2. Rank 2ATCALT. Rowe Price Capital Appreciation Premium Income ETFScore 80
  3. Rank 2AYLDEFranklin ClearBridge Enhanced Income ETFScore 80
  4. Rank 4APAYRFederated Hermes Enhanced Income ETFScore 76
  5. Rank 4ARDVIFT Vest Rising Dividend Achievers Target Income ETFScore 76
  6. Rank 12BCTIFCastellan Targeted Income ETFScore 66
  7. Rank 13BCTEFCastellan Targeted Equity ETFScore 64
  8. Rank 14BHCOWAmplify COWS Covered Call ETFScore 63

CTEF vs PAYR Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CTEF vs PAYR Cost

Overpaying CTEF vs PAYR

$951

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CTEF 0.45%

    $9,041

  • PAYR 0.40%

    $8,090

$10,000
30 years

Cost over time

  • CTEF 0.45%
  • PAYR 0.40%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530CTEF $9,041PAYR $8,090

Year by year

YearCTEFPAYROverpaying
10$812$723$89
20$3,128$2,793$335
30$9,041$8,090$951

Expense ratio

  • 0.45%CTEF
  • 0.40%PAYR, cheaper
  • Middle half of Active Option Income funds
  • Median 0.95%

PAYR 5th cheapest of 50 funds

CTEF 6th cheapest of 50 funds

CTEF vs PAYR Dividends

Last 12 months to Oct 30, 2026
Last payment
CTEF $0.05
PAYR $0.29
Ex-dividend
CTEF Dec 23, 2025
PAYR Oct 30, 2026
Paid on
CTEF Dec 24, 2025
PAYR Pays Nov 2, 2026
Frequency
CTEF Irregular
PAYR Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

CTEFIrregular · 1 paymentAll CTEF payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 23, 2025 $0.05. Use the arrow keys to read each point.$0$0.502026YTD
PAYRMonthly · 13 paymentsAll PAYR payments⁠
One bar per payment. 13 payments from 2025 to 2026 YTD. Oct 31, 2025 $0.16; Nov 28, 2025 $0.43; Dec 31, 2025 $0.41; Jan 30, 2026 $0.29; Feb 27, 2026 $0.33; Mar 31, 2026 $0.57; Apr 30, 2026 $0.18; May 29, 2026 $0.49; Jun 30, 2026 $0.46; Jul 31, 2026 $0.33; Aug 31, 2026 $0.32; Sep 30, 2026 $0.38; Oct 30, 2026 $0.29. Use the arrow keys to read each point.$0$0.502026YTD

CTEF vs PAYR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CTEF 23.4%since Jul 2025PAYR 14.6%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
CTEF 1.39since Jul 2025PAYR 1.36since Nov 2025
Worst fallMax drawdown, 5 years
CTEF −15.0%since Jun 2025PAYR −7.0%since Oct 2025
Market sensitivityBeta, 5 years
CTEF 1.36PAYR 0.01

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