FDND vs. XPAY

Last updated Aug 1, 2026

FDND (FT Vest Dow Jones Internet & Target Income ETF) and XPAY (Roundhill S&P 500 Target 20 Managed Distribution ETF) are both exchange-traded funds - FDND is a Technology Equities fund actively managed by FT Vest, while XPAY is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, FDND returned 1.61% vs 20.64% for XPAY. Their 0.72 correlation means they have sometimes moved together and sometimes differently. FDND charges 0.75%/yr vs 0.49%/yr for XPAY.

Performance

FDND vs. XPAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Dow Jones Internet & Target Income ETF (FDND) and Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDND achieves a 0.56% return, which is significantly lower than XPAY's 9.86% return.

FDND

• 1D: 2.22%
• 1M: 2.80%
• 6M: 3.79%
• YTD: 0.56%
• 1Y: 1.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.95%

XPAY

• 1D: 0.71%
• 1M: 0.30%
• 6M: 8.21%
• YTD: 9.86%
• 1Y: 20.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDND FT Vest Dow Jones Internet & Target Income ETF	$52.86K	$42.66K	$64.39K
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	$1.68M	$2.65M	$3.83M

FDND vs. XPAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FDND FT Vest Dow Jones Internet & Target Income ETF	0.56%	9.69%	9.33%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	9.86%	16.78%	1.60%

Correlation

The correlation between FDND and XPAY is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (All Time) Calculated using the full available price history since Oct 31, 2024	0.72

The correlation between FDND and XPAY has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.

Return for Risk

FDND vs. XPAY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FDND

FDND Risk / Return Rank: 9
FDND Sharpe Ratio Rank: 10
FDND Sortino Ratio Rank: 9
FDND Omega Ratio Rank: 9
FDND Calmar Ratio Rank: 10
FDND Martin Ratio Rank: 10

XPAY

XPAY Risk / Return Rank: 63
XPAY Sharpe Ratio Rank: 64
XPAY Sortino Ratio Rank: 61
XPAY Omega Ratio Rank: 62
XPAY Calmar Ratio Rank: 57
XPAY Martin Ratio Rank: 69

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDND vs. XPAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Dow Jones Internet & Target Income ETF (FDND) and Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FDND	XPAY	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	1.47	-1.55
Sortino ratio: Return per unit of downside risk	0.02	2.04	-2.02
Omega ratio: Gain probability vs. loss probability	1.00	1.26	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.08	2.00	-2.07
Martin ratio: Return relative to average drawdown	-0.18	8.48	-8.66

FDND vs. XPAY - Sharpe Ratio Comparison

The current FDND Sharpe Ratio is -0.08, which is lower than the XPAY Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of FDND and XPAY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDND vs. XPAY - Drawdown Comparison

The maximum FDND drawdown since its inception was -24.12%, which is greater than XPAY's maximum drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for FDND and XPAY.

Drawdown Indicators

	FDND	XPAY	Difference
Max Drawdown Largest peak-to-trough decline	-24.12%	-18.20%	-5.92%
Max Drawdown (1Y) Largest decline over 1 year	-20.49%	-9.34%	-11.15%
Current Drawdown Current decline from peak	-5.97%	-1.55%	-4.42%
Average Drawdown Average peak-to-trough decline	-5.84%	-2.34%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.05%	2.20%	+6.85%

Volatility

FDND vs. XPAY - Volatility Comparison

FT Vest Dow Jones Internet & Target Income ETF (FDND) has a higher volatility of 5.55% compared to Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) at 3.44%. This indicates that FDND's price experiences larger fluctuations and is considered to be riskier than XPAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDND	XPAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.55%	3.44%	+2.11%
Volatility (6M) Calculated over the trailing 6-month period	15.62%	9.94%	+5.68%
Volatility (1Y) Calculated over the trailing 1-year period	19.58%	12.70%	+6.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.40%	16.55%	+4.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.40%	16.55%	+4.85%

FDND vs. XPAY - Expense Ratio Comparison

FDND has a 0.75% expense ratio, which is higher than XPAY's 0.49% expense ratio.

Dividends

FDND vs. XPAY - Dividend Comparison

FDND's dividend yield for the trailing twelve months is around 8.09%, less than XPAY's 21.05% yield.

Position	TTM	2025	2024
FDND FT Vest Dow Jones Internet & Target Income ETF	8.09%	8.11%	5.51%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	21.05%	21.21%	3.40%

Frequently Asked Questions

Can I hold both FDND and XPAY in my portfolio?

FDND and XPAY have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDND or XPAY?

FDND has higher volatility (5.55%) compared to XPAY (3.44%). In terms of maximum drawdown, FDND dropped -24.12% vs XPAY's -18.20%.

Which ETF is better, FDND or XPAY?

On 1-year performance, XPAY leads with 20.64% vs 1.61% for FDND. On fees, XPAY is cheaper at 0.49% per year. On volatility, XPAY has been the lower-risk option at 3.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDND or XPAY?

Over the 1-year period, XPAY has performed better with a 20.64% return vs 1.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDND or XPAY?

XPAY is cheaper with a 0.49% expense ratio, compared with 0.75% for FDND.

Which ETF pays a higher dividend yield, FDND or XPAY?

XPAY has the higher dividend yield at 21.05%, compared with 8.09% for FDND.

What is the main difference between FDND and XPAY?

FDND is categorized as Technology Equities, while XPAY is Derivative Income. They also come from different issuers: FT Vest and Roundhill. Their fees differ too: 0.75% for FDND and 0.49% for XPAY.

Which has better risk-adjusted returns?

XPAY currently has the higher Sharpe Ratio (1.47 vs -0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.