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PAYR vs TPRY

Federated Hermes Enhanced Income ETF

PAYRACboe

VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF

TPRYCNYSE Arca

Overlap

0.0%by weight

Expense ratio

PAYR −0.55pt a year

PAYR0.40%TPRY0.95%

Avg volume · 30D

PAYR 4.0×the volume

PAYR18.1KTPRY4.5K

PAYR vs TPRY Performance

Jul 31, 2026 – Oct 30, 2026

+4.0%PAYR−6.1%TPRY

Jul 31, 2026 to Oct 30, 2026. PAYR +4.0%. TPRY −6.1%. Use the arrow keys to read each point.−2.5%0%2.5%7.5%Jul 2026Sep 2026Oct 2026
Expense ratio
PAYR 0.40%, better
TPRY 0.95%
Fund size
PAYR $91M
TPRY $3M
1Y total return
PAYR +25.2%
TPRY No data
Holdings
PAYR 58
TPRY 56
Avg volume (30D)
PAYR 18.1K sh, better
TPRY 4.5K sh
NAV per share
PAYR $56.43
TPRY $16.63
52W range

ETF.net Grade

PAYR: Cost 92, Risk 75, Mission not scored, Tradability 56, Holdings 73, Durability 55. TPRY: Cost 50, Risk 28, Mission not scored, Tradability 40, Holdings 38, Durability 36.
Pillar letters and Scores for PAYR, TPRY, with each pillar’s weight
PillarPAYRTPRY
Cost30% weightA92HigherC50
Mission25% weightNot scoredNot scored
Risk15% weightA75HigherD28
Tradability15% weightB56HigherC40
Holdings10% weightA73HigherD38
Durability5% weightB55HigherD36

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 TPRY 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 TPRY 32nd 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 30CDRKYVistaShares Target 15 DRUKMacro Distribution ETFScore 42
  7. Rank 32CTPRYVistaShares Target 15 TEPRTantrum Contrarian Distribution ETFScore 40
  8. Rank 33DVEGAAdvisorShares STAR Global Buy-Write ETFScore 39

Our read on each fund

ETF.net Research

PAYRAFederated Hermes Enhanced Income ETF

TPRYCVistaShares Target 15 TEPRTantrum Contrarian Distribution ETF

In short

PAYR No data

TPRY A 13F clone with a paycheck attached. TPRY's equity sleeve mirrors the top 20 positions Appaloosa Management discloses, then an options overlay works to fund a high targeted distribution. The Tepper book, repackaged as income.

Stated mandate

PAYR No data

TPRY The fund primarily seeks income and secondarily seeks long-term capital appreciation.

Why people hold it

PAYR No data

  • TPRY The stock sleeve is rules-based, not a hunch: BITA's index takes the top 20 positions by weight from Appaloosa's latest 13F and rebalances quarterly.vistashares.com
  • Income is manufactured by the options overlay rather than harvested from dividends, so the payout target doesn't hinge on what a concentrated 20-stock book happens to yield.vistashares.com
  • At 0.95%, the fee sits right at the median for active options-overlay income funds. The unusual wrapper isn't priced as a premium.

Worth knowing

PAYR No data

  • TPRY VistaShares states it is not affiliated with Appaloosa or David Tepper. You hold what the last 13F disclosed, refreshed on the index's quarterly schedule, not live trades.vistashares.comvistashares.com 2
  • The Target 15 label is a distribution goal, not a floor. The issuer says there's no assurance a distribution is paid and amounts may vary.vistashares.com
  • Launched in 2026 and still one of the smaller, thinly traded names in its category, which typically means wider spreads and a short record to judge.

Full PAYR profile⁠

Full TPRY profile⁠

PAYR vs TPRY Holdings

How PAYR and TPRY differ

Overlap by weight

0.0%

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

Level by level

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

Sector

No Sector split for TPRY.

Country, concentration and asset class

Country by domicile

Country weights in PAYR and TPRY, widest gap first
CountryMore in PAYRMore in TPRY
TaiwanTPRY +8.9 points
United KingdomPAYR +8.1 points
ChinaTPRY +7.6 points
FrancePAYR +6.6 points
CanadaPAYR +5.1 points
United StatesTPRY +3.2 points
NetherlandsTPRY +2.8 points
GermanyPAYR +2.6 points
SwitzerlandSame weight

Concentration

Weight in the 10 largest Holdings

  • PAYR32.9%
  • TPRY70.0%

Securities held

  • PAYR54
  • TPRY55

Asset class

PAYR
Equity
TPRY
Equity

Holdings

  • Only in PAYR54
  • In both0
  • Only in TPRY55

Only in PAYR

54 securities, 100% of PAYR by weight

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

Only in TPRY

55 securities, 100% of TPRY by weight

  • Amazon.com Inc12.85%
  • Micron Technology Inc12.58%
  • Taiwan Semiconductor Manufacturing Co Ltd8.66%

Weight gaps

PAYR and TPRY share no securities.

All 52 PAYR holdings⁠All 91 TPRY 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 TPRY Cost

Overpaying TPRY vs PAYR

$9,779

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

  • PAYR 0.40%

    $8,090

  • TPRY 0.95%

    $17,869

$10,000
30 years

Cost over time

  • PAYR 0.40%
  • TPRY 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TPRY $17,869PAYR $8,090

Year by year

YearPAYRTPRYOverpaying
10$723$1,678$955
20$2,793$6,322$3,529
30$8,090$17,869$9,779

Expense ratio

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

PAYR 5th cheapest of 50 funds

TPRY 24th cheapest of 50 funds

PAYR vs TPRY Dividends

Last 12 months to Oct 30, 2026
Last payment
PAYR $0.29
TPRY $0.22
Ex-dividend
PAYR Oct 30, 2026
TPRY Oct 26, 2026
Paid on
PAYR Pays Nov 2, 2026
TPRY Oct 27, 2026
Frequency
PAYR Monthly
TPRY 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
TPRYMonthly · 8 paymentsAll TPRY payments⁠
One bar per payment. 8 payments from 2025 to 2026 YTD. Mar 30, 2026 $0.23; Apr 27, 2026 $0.25; May 26, 2026 $0.26; Jun 29, 2026 $0.26; Jul 27, 2026 $0.24; Aug 24, 2026 $0.24; Sep 28, 2026 $0.24; Oct 26, 2026 $0.22. Use the arrow keys to read each point.$0$0.502026YTD

PAYR vs TPRY 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 2025TPRY No data
Return per unit of riskSharpe ratio, 3 years
PAYR 1.36since Nov 2025TPRY No data
Worst fallMax drawdown, 5 years
PAYR −7.0%since Oct 2025TPRY No data
Market sensitivityBeta, 5 years
PAYR 0.01TPRY 1.11

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