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PAYR vs QUSA

Federated Hermes Enhanced Income ETF

PAYRACboe

VistaShares Target 15 USA Quality Income ETF

QUSACNYSE Arca

Overlap

0.0%by weight

Expense ratio

PAYR −0.57pt a year

PAYR0.40%QUSA0.97%

Avg volume · 30D

PAYR 1.2×the volume

PAYR18.1KQUSA15.5K

PAYR vs QUSA Performance

Oct 31, 2025 – Oct 30, 2026

+25.2%PAYR0.0%QUSA

Oct 31, 2025 to Oct 30, 2026. PAYR +25.2%. QUSA 0.0%. Use the arrow keys to read each point.−5%5%10%15%20%Oct 2025Apr 2026Oct 2026
Expense ratio
PAYR 0.40%, better
QUSA 0.97%
Fund size
PAYR $91M
QUSA $20M
1Y total return
PAYR +25.2%, better
QUSA 0.0%
Yield (12M)
PAYR No data
QUSA 16.78%
Holdings
PAYR 58
QUSA 62
Avg volume (30D)
PAYR 18.1K sh, better
QUSA 15.5K sh
NAV per share
PAYR $56.43
QUSA $16.08
52W range

ETF.net Grade

PAYR: Cost 92, Risk 75, Mission not scored, Tradability 56, Holdings 73, Durability 55. QUSA: Cost 45, Risk 46, Mission not scored, Tradability 43, Holdings 58, Durability 45.
Pillar letters and Scores for PAYR, QUSA, with each pillar’s weight
PillarPAYRQUSA
Cost30% weightA92HigherC45
Mission25% weightNot scoredNot scored
Risk15% weightA75HigherC46
Tradability15% weightB56HigherC43
Holdings10% weightA73HigherB58
Durability5% weightB55HigherC45

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. PAYR and QUSA 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 QUSA 22nd 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 22COEIOptimized Equity Income ETFScore 46
  7. Rank 22CQUSAVistaShares Target 15 USA Quality Income ETFScore 46
  8. Rank 25CEGGQNestYield Visionary ETFScore 44

Our read on each fund

ETF.net Research

PAYRAFederated Hermes Enhanced Income ETF

QUSACVistaShares Target 15 USA Quality Income ETF

In short

PAYR No data

QUSA Quality screens usually hand you a low-yield index fund. QUSA runs an options overlay on top of profitable, low-debt U.S. companies and targets a 15% annual payout, sliced monthly, for 0.97%.

Stated mandate

PAYR No data

QUSA QUSA primarily seeks income and secondarily seeks long-term capital appreciation. It combines a portfolio of U.S. quality equities with an options portfolio intended to support a 15% annual income target.

Why people hold it

PAYR No data

  • QUSA The quality screen is spelled out: high profitability, low earnings variability, low leverage. The stocks come first, with the options written on top of them.vistashares.com
  • Payouts land monthly and are sized against a stated 15% annual income target, so the cadence is written into the fund's documents, not left to whatever premiums show up.
  • At 0.97% the fee sits near the options-income category median, and with no waiver propping it up, that is the all-in number rather than a teaser that resets later.
  • A 2025 launch that already stands in the upper half of a crowded options-income peer group, helped by the quality of the stocks underneath the overlay.

Worth knowing

PAYR No data

  • QUSA The fund discloses that distributions can include return of capital: part of a monthly payment may be your own money coming back, which trims NAV and your cost basis.vistashares.com
  • Writing options on the holdings is what funds the income, and it caps upside: when the quality names run hard, part of that move is traded away for premium.vistashares.com
  • Small and thinly traded, so spreads can run wider than in the category's household names, and the record since the 2025 launch is short for judging the overlay.

Full PAYR profile⁠

Full QUSA profile⁠

PAYR vs QUSA Holdings

How PAYR and QUSA differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of PAYR and 0.0% of QUSA.

Level by level

  • Holdings0 in both0.0%
  • Countryby domicile77.6%
  • Asset classEquity100%

Sector

No Sector split for QUSA.

Country, concentration and asset class

Country by domicile

Country weights in PAYR and QUSA, widest gap first
CountryMore in PAYRMore in QUSA
United StatesQUSA +22.4 points
United KingdomPAYR +8.1 points
FrancePAYR +6.6 points
CanadaPAYR +5.1 points
GermanyPAYR +2.6 points
SwitzerlandSame weight

Concentration

Weight in the 10 largest Holdings

  • PAYR32.9%
  • QUSA51.9%

Securities held

  • PAYR54
  • QUSA61

Asset class

PAYR
Equity
QUSA
Equity

Holdings

  • Only in PAYR54
  • In both0
  • Only in QUSA61

Only in PAYR

54 securities, 100% of PAYR by weight

  • Us Bancorp4.01%
  • Paychex Inc3.80%
  • Totalenergies SE3.57%

Only in QUSA

61 securities, 100% of QUSA by weight

  • Apple Inc7.22%
  • NVIDIA Corp6.33%
  • Microsoft Corp5.93%

Weight gaps

PAYR and QUSA share no securities.

All 52 PAYR holdings⁠All 92 QUSA 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 QUSA Cost

Overpaying QUSA vs PAYR

$10,108

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

  • PAYR 0.40%

    $8,090

  • QUSA 0.97%

    $18,198

$10,000
30 years

Cost over time

  • PAYR 0.40%
  • QUSA 0.97%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QUSA $18,198PAYR $8,090

Year by year

YearPAYRQUSAOverpaying
10$723$1,712$989
20$2,793$6,443$3,650
30$8,090$18,198$10,108

Expense ratio

  • 0.40%PAYR, cheaper
  • 0.97%QUSA
  • Middle half of Active Option Income funds
  • Median 0.95%

PAYR 5th cheapest of 50 funds

QUSA 27th cheapest of 50 funds

PAYR vs QUSA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PAYR No data
QUSA 16.78%
Payout (12M)
PAYR No data
QUSA $2.70
Last payment
PAYR $0.29
QUSA $0.21
Ex-dividend
PAYR Oct 30, 2026
QUSA Oct 26, 2026
Paid on
PAYR Pays Nov 2, 2026
QUSA Oct 27, 2026
Frequency
PAYR Monthly
QUSA Monthly

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
QUSAMonthly · 18 paymentsAll QUSA payments⁠
One bar per payment. 18 payments from 2025 to 2026 YTD. May 27, 2025 $0.26; Jun 23, 2025 $0.25; Jul 28, 2025 $0.25; Aug 25, 2025 $0.25; Sep 29, 2025 $0.25; Oct 27, 2025 $0.24; Nov 24, 2025 $0.23; Dec 29, 2025 $0.23; Jan 26, 2026 $0.23; Feb 23, 2026 $0.23; Mar 30, 2026 $0.22; Apr 27, 2026 $0.23; May 26, 2026 $0.23; Jun 29, 2026 $0.23; Jul 27, 2026 $0.23; Aug 24, 2026 $0.23; Sep 28, 2026 $0.22; Oct 26, 2026 $0.21. Use the arrow keys to read each point.$0$0.502026YTD

PAYR vs QUSA 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 2025QUSA 11.7%since Jun 2025
Return per unit of riskSharpe ratio, 3 years
PAYR 1.36since Nov 2025QUSA −0.41since Jun 2025
Worst fallMax drawdown, 5 years
PAYR −7.0%since Oct 2025QUSA −10.1%since May 2025
Market sensitivityBeta, 5 years
PAYR 0.01QUSA 0.58

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