PAYR vs. ACYS

Last updated Jul 17, 2026

PAYR (Federated Hermes Enhanced Income ETF) and ACYS (FT Vest Laddered Autocallable Barrier & Resilient Income ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.33, they often move in opposite directions. PAYR charges 0.40%/yr vs 0.75%/yr for ACYS.

Performance

PAYR vs. ACYS - Performance Comparison

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

Returns By Period

PAYR

• 1D: 2.13%
• 1M: 3.45%
• 6M: 12.07%
• YTD: 14.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACYS

• 1D: -0.05%
• 1M: 0.51%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PAYR vs. ACYS - Yearly Performance Comparison

	2026 (YTD)
PAYR Federated Hermes Enhanced Income ETF	6.18%
ACYS FT Vest Laddered Autocallable Barrier & Resilient Income ETF	2.15%

Correlation

The correlation between PAYR and ACYS is -0.33, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 23, 2026	-0.33

Return for Risk

PAYR vs. ACYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Enhanced Income ETF (PAYR) 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

PAYR vs. ACYS - Drawdown Comparison

The maximum PAYR drawdown since its inception was -5.24%, which is greater than ACYS's maximum drawdown of -0.63%. Use the drawdown chart below to compare losses from any high point for PAYR and ACYS.

Drawdown Indicators

	PAYR	ACYS	Difference
Max Drawdown Largest peak-to-trough decline	-5.24%	-0.63%	-4.61%
Current Drawdown Current decline from peak	0.00%	-0.10%	+0.10%
Average Drawdown Average peak-to-trough decline	-1.59%	-0.14%	-1.45%

Volatility

Volatility by Period

	PAYR	ACYS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.08%	3.38%	+7.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.08%	3.38%	+7.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.08%	3.38%	+7.70%

PAYR vs. ACYS - Expense Ratio Comparison

PAYR has a 0.40% expense ratio, which is lower than ACYS's 0.75% expense ratio.

Dividends

PAYR vs. ACYS - Dividend Comparison

PAYR's dividend yield for the trailing twelve months is around 5.97%, more than ACYS's 0.60% yield.

Position	TTM	2025
ACYS FT Vest Laddered Autocallable Barrier & Resilient Income ETF	0.60%	0.00%
PAYR Federated Hermes Enhanced Income ETF	5.97%	1.99%

Frequently Asked Questions

Can I hold both PAYR and ACYS in my portfolio?

PAYR and ACYS have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PAYR or ACYS?

On fees, PAYR is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PAYR or ACYS?

PAYR is cheaper with a 0.40% expense ratio, compared with 0.75% for ACYS.

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

PAYR has the higher dividend yield at 5.97%, compared with 0.60% for ACYS.

What is the main difference between PAYR and ACYS?

They also come from different issuers: Federated Hermes and First Trust. Their fees differ too: 0.40% for PAYR and 0.75% for ACYS.