Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with XPAY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to XPAY
XPAY charges 0.49% annually. There are 33 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 27.28M | Nov 2024 | XPAY vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | XPAY vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | XPAY vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | XPAY vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 344.74M | Dec 2007 | XPAY vs PBP |
Best Risk-Adjusted Alternatives to XPAY
XPAY has a PortfoliosLab risk / return rank of 67. There are 42 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | XPAY vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | XPAY vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | XPAY vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.41B | Dec 2013 | XPAY vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | XPAY vs TSMY |
Top Performing XPAY Alternatives (YTD)
XPAY is at 10.83% YTD. There are 59 ETFs in the Derivative Income category with higher YTD returns, going as high as 363.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 363.23% | 14.71M | Oct 2025 | XPAY vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | XPAY vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 1.02B | Apr 2025 | XPAY vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | XPAY vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | XPAY vs MRNY |
Lowest Volatility Alternatives to XPAY
XPAY has 11.82% 1-year volatility. There are 72 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dividend Performers ETF | 0.00% | 20.88M | Dec 2018 | XPAY vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | XPAY vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | XPAY vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | XPAY vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | XPAY vs LQTI |
Lowest Drawdown Alternatives to XPAY
XPAY has a 1-year max drawdown of -9.34%. There are 60 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 438.06M | Oct 2022 | XPAY vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | XPAY vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | XPAY vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | XPAY vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | XPAY vs OMAH |
Other ETFs from Roundhill
The 10 most viewed Roundhill ETFs shown here include MAGS, QDTE, XDTE and span 7 categories. AUM among these funds goes as high as $14B.
Often Compared With XPAY
Investors most often compare XPAY with SPYI, SPY, VOO. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare XPAY with Any Fund or Stock
Compare XPAY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair XPAY with funds that move differently
Roundhill S&P 500 Target 20 Managed Distribution ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to XPAY.
Explore XPAY Diversifiers