PAYM vs. ACYS

Last updated Jul 16, 2026

PAYM (TrueShares S&P Autocallable Defensive Income ETF) and ACYS (FT Vest Laddered Autocallable Barrier & Resilient Income ETF) are both Derivative Income funds. PAYM is passively managed, while ACYS is actively managed. At a correlation of -0.01, they often move in opposite directions. PAYM charges 0.74%/yr vs 0.75%/yr for ACYS.

Performance

PAYM vs. ACYS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares S&P Autocallable Defensive Income ETF (PAYM) and FT Vest Laddered Autocallable Barrier & Resilient Income ETF (ACYS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PAYM

• 1D: 0.71%
• 1M: 0.32%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACYS

• 1D: 0.00%
• 1M: 0.60%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PAYM vs. ACYS - Yearly Performance Comparison

	2026 (YTD)
PAYM TrueShares S&P Autocallable Defensive Income ETF	1.39%
ACYS FT Vest Laddered Autocallable Barrier & Resilient Income ETF	0.70%

Correlation

The correlation between PAYM and ACYS is -0.01, 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 May 28, 2026	-0.01

Return for Risk

PAYM vs. ACYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares S&P Autocallable Defensive Income ETF (PAYM) and FT Vest Laddered Autocallable Barrier & Resilient Income ETF (ACYS). 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.

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

Drawdowns

PAYM vs. ACYS - Drawdown Comparison

The maximum PAYM drawdown since its inception was -5.41%, which is greater than ACYS's maximum drawdown of -0.63%. Use the drawdown chart below to compare losses from any high point for PAYM and ACYS.

Drawdown Indicators

	PAYM	ACYS	Difference
Max Drawdown Largest peak-to-trough decline	-5.41%	-0.63%	-4.78%
Current Drawdown Current decline from peak	-1.37%	-0.05%	-1.32%
Average Drawdown Average peak-to-trough decline	-2.28%	-0.14%	-2.14%

Volatility

Volatility by Period

	PAYM	ACYS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.10%	3.41%	+16.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.10%	3.41%	+16.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.10%	3.41%	+16.69%

PAYM vs. ACYS - Expense Ratio Comparison

PAYM has a 0.74% expense ratio, which is lower than ACYS's 0.75% expense ratio.

Dividends

PAYM vs. ACYS - Dividend Comparison

PAYM's dividend yield for the trailing twelve months is around 1.65%, more than ACYS's 0.60% yield.

Position	TTM
ACYS FT Vest Laddered Autocallable Barrier & Resilient Income ETF	0.60%
PAYM TrueShares S&P Autocallable Defensive Income ETF	1.65%

Frequently Asked Questions

Can I hold both PAYM and ACYS in my portfolio?

PAYM and ACYS have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PAYM or ACYS?

On fees, PAYM 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, PAYM or ACYS?

PAYM is cheaper with a 0.74% expense ratio, compared with 0.75% for ACYS.

Which ETF pays a higher dividend yield, PAYM or ACYS?

PAYM has the higher dividend yield at 1.65%, compared with 0.60% for ACYS.

What is the main difference between PAYM and ACYS?

They also come from different issuers: TrueShares and First Trust. Their fees differ too: 0.74% for PAYM and 0.75% for ACYS.