PAYH vs. IPDP

Last updated Jun 5, 2026

PAYH (TrueShares S&P Autocallable High Income ETF) and IPDP (Dividend Performers ETF) are both Derivative Income funds. Both are actively managed. PAYH charges 0.74%/yr vs 1.52%/yr for IPDP.

Performance

PAYH vs. IPDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares S&P Autocallable High Income ETF (PAYH) and Dividend Performers ETF (IPDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PAYH

• 1D: -0.66%
• 1M: 0.43%
• YTD: 8.63%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPDP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PAYH vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
PAYH TrueShares S&P Autocallable High Income ETF	9.96%
IPDP Dividend Performers ETF	0.00%

Return for Risk

PAYH vs. IPDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares S&P Autocallable High Income ETF (PAYH) and Dividend Performers ETF (IPDP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PAYH	IPDP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	—	—

Drawdowns

PAYH vs. IPDP - Drawdown Comparison

The maximum PAYH drawdown since its inception was -16.33%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PAYH and IPDP.

Drawdown Indicators

	PAYH	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-16.33%	0.00%	-16.33%
Current Drawdown Current decline from peak	-1.04%	0.00%	-1.04%
Average Drawdown Average peak-to-trough decline	-2.76%	0.00%	-2.76%

Volatility

Volatility by Period

	PAYH	IPDP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	23.64%	0.00%	+23.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.64%	0.00%	+23.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.64%	0.00%	+23.64%

PAYH vs. IPDP - Expense Ratio Comparison

PAYH has a 0.74% expense ratio, which is lower than IPDP's 1.52% expense ratio.

Dividends

PAYH vs. IPDP - Dividend Comparison

PAYH's dividend yield for the trailing twelve months is around 6.46%, while IPDP has not paid dividends to shareholders.

Position	TTM
IPDP Dividend Performers ETF	0.00%
PAYH TrueShares S&P Autocallable High Income ETF	6.46%

Frequently Asked Questions

Which ETF is better, PAYH or IPDP?

On fees, PAYH is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PAYH or IPDP?

PAYH is cheaper with a 0.74% expense ratio, compared with 1.52% for IPDP.

Which ETF pays a higher dividend yield, PAYH or IPDP?

PAYH has the higher dividend yield at 6.46%, compared with 0.00% for IPDP.

What is the main difference between PAYH and IPDP?

They also come from different issuers: TrueShares and Innovative Portfolios. Their fees differ too: 0.74% for PAYH and 1.52% for IPDP.