Skip to content
etf.net

PAYR vs PCOV

Federated Hermes Enhanced Income ETF

PAYRACboe

Principal Equity Premium Income ETF

PCOV—Cboe

Overlap

Expense ratio

PCOV −0.06pt a year

PAYR0.40%PCOV0.34%

Avg volume · 30D

PAYR 2.3×the volume

PAYR18.1KPCOV7.98K

PAYR vs PCOV Performance

Sep 30, 2026 – Oct 30, 2026

+9.6%PAYR+2.2%PCOV

Sep 30, 2026 to Oct 30, 2026. PAYR +9.6%. PCOV +2.2%. Use the arrow keys to read each point.0%4%6%8%Sep 30Oct 15Oct 30
Expense ratio
PAYR 0.40%
PCOV 0.34%, better
Fund size
PAYR $91M
PCOV $10M
1Y total return
PAYR +25.2%
PCOV No data
Holdings
PAYR 58
PCOV 51
Avg volume (30D)
PAYR 18.1K sh, better
PCOV 7.98K sh
NAV per share
PAYR $56.43
PCOV $24.49
52W range

ETF.net Grade

  • —PCOVNot yet graded
PAYR: Cost 92, Risk 75, Mission not scored, Tradability 56, Holdings 73, Durability 55.
Pillar letters and Scores for PAYR, PCOV, with each pillar’s weight
PillarPAYRPCOV
Cost30% weightA92Not scored
Mission25% weightNot scoredNot scored
Risk15% weightA75Not scored
Tradability15% weightB56Not scored
Holdings10% weightA73Not scored
Durability5% weightB55Not scored

Rank among Active Option Income funds

How we build Categories ›

Active Option Income⁠

Category · 50 funds
See all 50 ›

PAYR ranks 4th 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. PCOVNot yet graded

PAYR vs PCOV 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.

PAYR vs PCOV Cost

Overpaying PAYR vs PCOV

$1,158

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

  • PAYR 0.40%

    $8,090

  • PCOV 0.34%

    $6,932

$10,000
30 years

Cost over time

  • PAYR 0.40%
  • PCOV 0.34%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530PAYR $8,090PCOV $6,932

Year by year

YearPAYRPCOVOverpaying
10$723$616$107
20$2,793$2,386$407
30$8,090$6,932$1,158

Expense ratio

  • 0.40%PAYR
  • 0.34%PCOV, cheaper
  • Middle half of Active Option Income funds
  • Median 0.95%

PCOV 2nd cheapest of 50 funds

PAYR 5th cheapest of 50 funds

PAYR vs PCOV Dividends

Last 12 months to Oct 30, 2026
Last payment
PAYR $0.29
PCOV $0.32
Ex-dividend
PAYR Oct 30, 2026
PCOV Oct 1, 2026
Paid on
PAYR Pays Nov 2, 2026
PCOV Oct 5, 2026
Frequency
PAYR Monthly
PCOV Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

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
PCOVIrregular · 1 paymentAll PCOV payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Oct 1, 2026 $0.32. Use the arrow keys to read each point.$0$0.502026YTD

PAYR vs PCOV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PAYR 14.6%since Nov 2025PCOV No data
Return per unit of riskSharpe ratio, 3 years
PAYR 1.36since Nov 2025PCOV No data
Worst fallMax drawdown, 5 years
PAYR −7.0%since Oct 2025PCOV No data
Market sensitivityBeta, 5 years
PAYR 0.01PCOV 0.00

Popular comparisons

  • 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.

  • PCOV—vsRECIA

    Principal Equity Premium Income ETF · Columbia Research Enhanced Core Premium Income ET

    Expense ratio
    0.34% · 0.30%
    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.

  • PCOV—vsTCALA

    Principal Equity Premium Income ETF · T. Rowe Price Capital Appreciation Premium Income ETF

    Expense ratio
    0.34% · 0.34%
    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.

  • PCOV—vsYLDEA

    Principal Equity Premium Income ETF · Franklin ClearBridge Enhanced Income ETF

    Expense ratio
    0.34% · 0.48%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.