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PAYR vs WRTH

Federated Hermes Enhanced Income ETF

PAYRACboe

Worth Charting Options Income ETF

WRTHCNasdaq

Overlap

Expense ratio

PAYR −0.62pt a year

PAYR0.40%WRTH1.02%

Avg volume · 30D

WRTH 3.7×the volume

PAYR18.1KWRTH66.4K

PAYR vs WRTH Performance

Jul 31, 2026 – Oct 30, 2026

+4.0%PAYR+0.5%WRTH

Jul 31, 2026 to Oct 30, 2026. PAYR +4.0%. WRTH +0.5%. Use the arrow keys to read each point.−4%−2%2%Jul 2026Sep 2026Oct 2026
Expense ratio
PAYR 0.40%, better
WRTH 1.02%
Fund size
PAYR $91M
WRTH $101M
1Y total return
PAYR +25.2%
WRTH No data
Holdings
PAYR 58
WRTH 62
Avg volume (30D)
PAYR 18.1K sh
WRTH 66.4K sh, better
NAV per share
PAYR $56.43
WRTH $24.93
52W range

ETF.net Grade

PAYR: Cost 92, Risk 75, Mission not scored, Tradability 56, Holdings 73, Durability 55. WRTH: Cost 29, Risk 73, Mission not scored, Tradability 62, Holdings not scored, Durability 49.
Pillar letters and Scores for PAYR, WRTH, with each pillar’s weight
PillarPAYRWRTH
Cost30% weightA92HigherD29
Mission25% weightNot scoredNot scored
Risk15% weightA75HigherA73
Tradability15% weightB56B62Higher
Holdings10% weightA73Not scored
Durability5% weightB55HigherC49

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 WRTH 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 WRTH 21st 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 20CGINXSGI Enhanced Global Income ETFScore 53
  7. Rank 21CWRTHWorth Charting Options Income ETFScore 48
  8. Rank 22CDDDDYieldMax U.S. Stocks Target Double Distribution ETFScore 46

Our read on each fund

ETF.net Research

PAYRAFederated Hermes Enhanced Income ETF

WRTHCWorth Charting Options Income ETF

In short

PAYR No data

WRTH Most option-income funds write covered calls on an index and stop there. WRTH sells both sides, calls above and puts below, on single stocks right after a news shock, when premiums are fat and volatility is cooling.

Stated mandate

PAYR No data

WRTH The Fund seeks current income through a strangle-style options strategy on equity securities of U.S. exchange-listed companies. It also holds cash, cash equivalents, and short-term U.S. Treasury securities for collateral and income generation.

Why people hold it

PAYR No data

  • WRTH Two-sided premium: it sells calls above the price and puts below on the same name, so income comes from both wings instead of a single covered-call leg.businesswire.com
  • The entry trigger is spelled out: it targets names right after sharp news moves, typically earnings, when option pricing is inflated and volatility is starting to settle.businesswire.com
  • Cash, cash equivalents and short-term Treasuries sit behind the options as collateral and earn on their own. Income is scheduled quarterly.

Worth knowing

PAYR No data

  • WRTH At 1.02%, it runs above the peer-group median of 0.95% and several times the index-based writers like PAPI (0.29%) and ROCY (0.35%). Active stock-by-stock work is what the fee buys.
  • Strangles cut both ways: short calls trim the upside if a stock keeps running, short puts take on the downside if it keeps sliding.businesswire.com
  • A 2026 launch means a short record to judge, and the fund discloses that distributions can include return of capital (some of your own money coming back).

Full PAYR profile⁠

Full WRTH profile⁠

PAYR vs WRTH 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 WRTH Cost

Overpaying WRTH vs PAYR

$10,922

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

  • PAYR 0.40%

    $8,090

  • WRTH 1.02%

    $19,012

$10,000
30 years

Cost over time

  • PAYR 0.40%
  • WRTH 1.02%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530WRTH $19,012PAYR $8,090

Year by year

YearPAYRWRTHOverpaying
10$723$1,797$1,074
20$2,793$6,746$3,953
30$8,090$19,012$10,922

Expense ratio

  • 0.40%PAYR, cheaper
  • 1.02%WRTH
  • Middle half of Active Option Income funds
  • Median 0.95%

PAYR 5th cheapest of 50 funds

WRTH 36th cheapest of 50 funds

PAYR vs WRTH Dividends

Last 12 months to Oct 30, 2026
Last payment
PAYR $0.29
WRTH $0.95
Ex-dividend
PAYR Oct 30, 2026
WRTH Sep 29, 2026
Paid on
PAYR Pays Nov 2, 2026
WRTH Sep 30, 2026
Frequency
PAYR Monthly
WRTH Quarterly

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$12026YTD
WRTHQuarterly · 2 paymentsAll WRTH payments⁠
One bar per payment. 2 payments from 2025 to 2026 YTD. Jun 29, 2026 $0.41; Sep 29, 2026 $0.95. Use the arrow keys to read each point.$0$12026YTD

PAYR vs WRTH 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 2025WRTH No data
Return per unit of riskSharpe ratio, 3 years
PAYR 1.36since Nov 2025WRTH No data
Worst fallMax drawdown, 5 years
PAYR −7.0%since Oct 2025WRTH No data
Market sensitivityBeta, 5 years
PAYR 0.01WRTH −0.12

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