Roundhill S&P 500 Target 10 Managed Distribution ETF (TPAY) Diversifiers

ETF · Currency in USD · Last updated Jul 14, 2026

The ETF seeks to provide exposure to the return of the S&P 500 Index while targeting monthly return of capital distributions at an annualized rate of ten percent through an actively managed strategy.

Looking to diversify beyond TPAY? The ETFs below have the lowest correlation with TPAY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from TPAY.

Best Diversifiers for TPAY

0 ETFs have low correlation with TPAY (below 0.3), 0 of which are negatively correlated. The least correlated is Global X NASDAQ 100 Covered Call ETF (QYLD) (Nasdaq-100) with a 1Y correlation of 0.87, roughly unchanged from 0.87 over 5 years.

Symbol	Name	Correlation 1Y	Correlation 3Y	Correlation 5Y	Risk / Return Rank	Category	Compare
QYLD	Global X NASDAQ 100 Covered Call ETF	0.87	0.87	0.87	88	Nasdaq-100, Derivative Income	TPAY vs QYLD

Diversification Analysis

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