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FIXP vs PAYR

FolioBeyond Enhanced Fixed Income Premium ETF

FIXPDNYSE Arca

Federated Hermes Enhanced Income ETF

PAYRACboe

Overlap

Expense ratio

PAYR −0.63pt a year

FIXP1.03%PAYR0.40%

Avg volume · 30D

PAYR 6.4×the volume

FIXP2.84KPAYR18.1K

FIXP vs PAYR Performance

Oct 31, 2025 – Oct 30, 2026

+1.9%FIXP+25.2%PAYR

Oct 31, 2025 to Oct 30, 2026. FIXP +1.9%. PAYR +25.2%. Use the arrow keys to read each point.5%10%15%20%Oct 2025Apr 2026Oct 2026
Expense ratio
FIXP 1.03%
PAYR 0.40%, better
Fund size
FIXP $10M
PAYR $91M
1Y total return
FIXP +1.9%
PAYR +25.2%, better
Yield (12M)
FIXP 5.69%
PAYR No data
Holdings
FIXP 9
PAYR 58
Avg volume (30D)
FIXP 2.84K sh
PAYR 18.1K sh, better
NAV per share
FIXP $19.08
PAYR $56.43
52W range

ETF.net Grade

FIXP: Cost 22, Risk 71, Mission 37, Tradability 17, Holdings 56, Durability 46. PAYR: Cost 92, Risk 75, Mission not scored, Tradability 56, Holdings 73, Durability 55.
Pillar letters and Scores for FIXP, PAYR, with each pillar’s weight
PillarFIXPPAYR
Cost30% weightF22A92Higher
Mission25% weightD37Not scored
Risk15% weightA71A75Higher
Tradability15% weightF17B56Higher
Holdings10% weightB56A73Higher
Durability5% weightC46B55Higher

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. FIXP 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 FIXP 34th 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 34DBIGYYieldMax Target 12 Big 50 Option Income ETFScore 37
  7. Rank 34DFIXPFolioBeyond Enhanced Fixed Income Premium ETFScore 37
  8. Rank 36DUSOYOil Enhanced Options Income ETFScore 35

Our read on each fund

ETF.net Research

FIXPDFolioBeyond Enhanced Fixed Income Premium ETF

PAYRAFederated Hermes Enhanced Income ETF

In short

FIXP Option premium pointed at bonds instead of stocks: an actively rotated mix of bond sector ETFs, with calls, puts and spreads sold on top and distributions paid monthly. Costs 1.03%, with no fee waiver in place.

PAYR No data

Stated mandate

FIXP The Fund seeks current income and, secondarily, long-term capital appreciation through an actively managed portfolio of fixed-income sector ETFs and related option overlays.

PAYR No data

Why people hold it

  • FIXP A fund of bond sector ETFs (Treasuries, investment grade and high yield corporates, munis, mortgage bonds), shuffled by FolioBeyond's quantitative model rather than an index.sec.gov
  • The overlay sells calls, puts and spreads on its underlying ETFs, with strikes and sizing driven by implied volatility and relative value, not a fixed calendar.sec.gov
  • Current income comes first in the mandate, capital appreciation second, and the fund pays monthly.

PAYR No data

Worth knowing

  • FIXP At 1.03% with no waiver it sits above the category median fee, and the underlying bond ETFs carry their own costs; cheaper high scorers include RECI at 0.30% and TCAL at 0.34%.
  • Some options may be written uncovered, meaning the loss on that leg is not capped by a position the fund already owns.sec.gov
  • Small, thinly traded and trading only since January 2025: bid-ask spreads can be wide and the track record is short.

PAYR No data

Full FIXP profile⁠

Full PAYR profile⁠

FIXP 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.

FIXP vs PAYR Cost

Overpaying FIXP vs PAYR

$11,083

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

  • FIXP 1.03%

    $19,173

  • PAYR 0.40%

    $8,090

$10,000
30 years

Cost over time

  • FIXP 1.03%
  • PAYR 0.40%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530FIXP $19,173PAYR $8,090

Year by year

YearFIXPPAYROverpaying
10$1,814$723$1,091
20$6,807$2,793$4,014
30$19,173$8,090$11,083

Expense ratio

  • 1.03%FIXP
  • 0.40%PAYR, cheaper
  • Middle half of Active Option Income funds
  • Median 0.95%

PAYR 5th cheapest of 50 funds

FIXP 39th cheapest of 50 funds

FIXP vs PAYR Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FIXP 5.69%
PAYR No data
Payout (12M)
FIXP $1.09
PAYR No data
Last payment
FIXP $0.08
PAYR $0.29
Ex-dividend
FIXP Oct 29, 2026
PAYR Oct 30, 2026
Paid on
FIXP Oct 30, 2026
PAYR Pays Nov 2, 2026
Frequency
FIXP Monthly
PAYR Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

FIXPMonthly · 21 paymentsAll FIXP payments⁠
One bar per payment. 21 payments from 2025 to 2026 YTD. Feb 27, 2025 $0.11; Mar 28, 2025 $0.10; Apr 29, 2025 $0.08; May 29, 2025 $0.10; Jun 27, 2025 $0.10; Jul 30, 2025 $0.10; Aug 28, 2025 $0.08; Sep 29, 2025 $0.08; Oct 30, 2025 $0.08; Nov 26, 2025 $0.08; Dec 30, 2025 $0.15; Jan 29, 2026 $0.08; Feb 26, 2026 $0.08; Mar 30, 2026 $0.08; Apr 29, 2026 $0.08; May 28, 2026 $0.08; Jun 29, 2026 $0.08; Jul 30, 2026 $0.08; Aug 28, 2026 $0.08; Sep 29, 2026 $0.14; Oct 29, 2026 $0.08. 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

FIXP vs PAYR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FIXP 3.4%since Feb 2025PAYR 14.6%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
FIXP −0.38since Feb 2025PAYR 1.36since Nov 2025
Worst fallMax drawdown, 5 years
FIXP −3.4%since Jan 2025PAYR −7.0%since Oct 2025
Market sensitivityBeta, 5 years
FIXP 0.11PAYR 0.01

Popular comparisons

  • FIXPDvsRECIA

    FolioBeyond Enhanced Fixed Income Premium ETF · Columbia Research Enhanced Core Premium Income ET

    Expense ratio
    1.03% · 0.30%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PAYRAvsRECIA

    Federated Hermes Enhanced Income ETF · Columbia Research Enhanced Core Premium Income ET

    Expense ratio
    0.40% · 0.30%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FIXPDvsTCALA

    FolioBeyond Enhanced Fixed Income Premium ETF · T. Rowe Price Capital Appreciation Premium Income ETF

    Expense ratio
    1.03% · 0.34%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PAYRAvsTCALA

    Federated Hermes Enhanced Income ETF · T. Rowe Price Capital Appreciation Premium Income ETF

    Expense ratio
    0.40% · 0.34%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FIXPDvsYLDEA

    FolioBeyond Enhanced Fixed Income Premium ETF · Franklin ClearBridge Enhanced Income ETF

    Expense ratio
    1.03% · 0.48%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PAYRAvsYLDEA

    Federated Hermes Enhanced Income ETF · Franklin ClearBridge Enhanced Income ETF

    Expense ratio
    0.40% · 0.48%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.