PAYH vs. LQTI
PAYH (TrueShares S&P Autocallable High Income ETF) and LQTI (FT Vest Investment Grade & Target Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.10 correlation, their price movements are largely independent. PAYH charges 0.74%/yr vs 0.65%/yr for LQTI.
Performance
PAYH vs. LQTI - Performance Comparison
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Returns By Period
In the year-to-date period, PAYH achieves a 9.58% return, which is significantly higher than LQTI's -0.34% return.
PAYH
- 1D
- -0.15%
- 1M
- 1.80%
- 6M
- 7.88%
- YTD
- 9.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQTI
- 1D
- -0.10%
- 1M
- -0.89%
- 6M
- -0.82%
- YTD
- -0.34%
- 1Y
- 4.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAYH vs. LQTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PAYH TrueShares S&P Autocallable High Income ETF | 9.58% | -0.73% |
LQTI FT Vest Investment Grade & Target Income ETF | -0.34% | 0.05% |
Correlation
The correlation between PAYH and LQTI is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 30, 2025 | 0.10 |
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Return for Risk
PAYH vs. LQTI — Risk / Return Rank
PAYH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LQTI
PAYH vs. LQTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares S&P Autocallable High Income ETF (PAYH) and FT Vest Investment Grade & Target Income ETF (LQTI). 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.
| PAYH | LQTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.14 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.20 | — |
| Martin ratioReturn relative to average drawdown | — | 3.41 | — |
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Drawdowns
PAYH vs. LQTI - Drawdown Comparison
The maximum PAYH drawdown since its inception was -16.33%, which is greater than LQTI's maximum drawdown of -3.41%. Use the drawdown chart below to compare losses from any high point for PAYH and LQTI.
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Drawdown Indicators
| PAYH | LQTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.33% | -3.41% | -12.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.41% | — |
Current DrawdownCurrent decline from peak | -0.59% | -1.93% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -0.92% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.20% | — |
Volatility
PAYH vs. LQTI - Volatility Comparison
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Volatility by Period
| PAYH | LQTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.41% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.13% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 5.14% | +16.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.79% | 5.91% | +15.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.79% | 5.91% | +15.88% |
PAYH vs. LQTI - Expense Ratio Comparison
PAYH has a 0.74% expense ratio, which is higher than LQTI's 0.65% expense ratio.
Dividends
PAYH vs. LQTI - Dividend Comparison
PAYH's dividend yield for the trailing twelve months is around 7.88%, less than LQTI's 9.21% yield.
| Position | TTM | 2025 |
|---|---|---|
LQTI FT Vest Investment Grade & Target Income ETF | 9.21% | 7.01% |
PAYH TrueShares S&P Autocallable High Income ETF | 7.88% | 0.00% |
Frequently Asked Questions
PAYH and LQTI have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LQTI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LQTI is cheaper with a 0.65% expense ratio, compared with 0.74% for PAYH.
LQTI has the higher dividend yield at 9.21%, compared with 7.88% for PAYH.
They also come from different issuers: TrueShares and FT Vest. Their fees differ too: 0.74% for PAYH and 0.65% for LQTI.
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