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 35 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% | 27.32M | Nov 2024 | XPAY vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | XPAY vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | XPAY vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | XPAY vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 347.16M | Dec 2007 | XPAY vs PBP |
Best Risk-Adjusted Alternatives to XPAY
XPAY has a PortfoliosLab risk / return rank of 57. There are 50 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 96 | 1.16B | Apr 2025 | XPAY vs CHPY | |
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | XPAY vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | XPAY vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 91 | 409.32M | Sep 2023 | XPAY vs AMDY | |
| Simplify Treasury Option Income ETF | 87 | 465.86M | Oct 2022 | XPAY vs BUCK |
Top Performing XPAY Alternatives (YTD)
XPAY is at 7.87% YTD. There are 71 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | XPAY vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | XPAY vs CWII | |
| Roundhill ARM WeeklyPay ETF | 287.65% | 17.52M | Oct 2025 | XPAY vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 175.60% | 83.00M | Jul 2025 | XPAY vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.64% | 409.32M | Sep 2023 | XPAY vs AMDY |
Lowest Volatility Alternatives to XPAY
XPAY has 12.37% 1-year volatility. There are 72 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | XPAY vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | XPAY vs HYTI | |
| Main Buywrite ETF | 4.88% | 1.23B | Dec 2015 | XPAY vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | XPAY vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.50% | 50.16M | Aug 2021 | XPAY vs XRMI |
Lowest Drawdown Alternatives to XPAY
XPAY has a 1-year max drawdown of -9.34%. There are 65 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% | 465.86M | Oct 2022 | XPAY vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | XPAY vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | 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, CHAT and span 7 categories. AUM among these funds goes as high as $16B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Roundhill Magnificent Seven ETF | Technology Equities, Large Cap Growth Equities | 24 | -4.97% | 3.78B | Apr 2023 | XPAY vs MAGS | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | Derivative Income, Options Trading | 64 | 12.21% | 864.88M | Mar 2024 | XPAY vs QDTE | |
| Roundhill Generative AI & Technology ETF | Technology Equities | 89 | 62.42% | 2.01B | May 2023 | XPAY vs CHAT | |
| Roundhill S&P 500 0DTE Covered Call Strategy ETF | Derivative Income, S&P 500 | 62 | 6.79% | 317.35M | Mar 2024 | XPAY vs XDTE | |
| Roundhill Bitcoin Covered Call Strategy ETF | Cryptocurrency | 1 | -29.52% | 128.93M | Jan 2024 | XPAY vs YBTC | |
| Roundhill Daily 2X Long Magnificent Seven ETF | Leveraged Equities | 17 | -15.34% | 65.45M | Feb 2024 | XPAY vs MAGX | |
| Roundhill Memory ETF | Technology Equities | — | — | 15.51B | Apr 2026 | XPAY vs DRAM | |
| PLTR WeeklyPay™ ETF | Derivative Income | 5 | -44.14% | 127.22M | Feb 2025 | XPAY vs PLTW | |
| Roundhill Magnificent Seven Covered Call ETF | Derivative Income | 11 | -8.23% | 147.97M | Apr 2025 | XPAY vs MAGY | |
| Roundhill NVDA WeeklyPay ETF | Derivative Income | 26 | 5.09% | 123.06M | Feb 2025 | XPAY vs NVDW |
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