PAYR vs. IPDP

Last updated Jun 3, 2026

PAYR (Federated Hermes Enhanced Income ETF) and IPDP (Dividend Performers ETF) are both Derivative Income funds. Both are actively managed. PAYR charges 0.40%/yr vs 1.52%/yr for IPDP.

Performance

PAYR vs. IPDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Enhanced Income ETF (PAYR) and Dividend Performers ETF (IPDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PAYR

• 1D: 0.19%
• 1M: -1.82%
• YTD: 7.24%
• 6M: 8.44%
• 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)

PAYR vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
PAYR Federated Hermes Enhanced Income ETF	-2.55%
IPDP Dividend Performers ETF	0.00%

Return for Risk

PAYR vs. IPDP - Risk-Adjusted Trends Comparison

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

	PAYR	IPDP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.85	—	—

Drawdowns

PAYR vs. IPDP - Drawdown Comparison

The maximum PAYR drawdown since its inception was -5.24%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PAYR and IPDP.

Drawdown Indicators

	PAYR	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-5.24%	0.00%	-5.24%
Current Drawdown Current decline from peak	-4.74%	0.00%	-4.74%
Average Drawdown Average peak-to-trough decline	-1.57%	0.00%	-1.57%

Volatility

Volatility by Period

	PAYR	IPDP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	9.76%	0.00%	+9.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.76%	0.00%	+9.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.76%	0.00%	+9.76%

PAYR vs. IPDP - Expense Ratio Comparison

PAYR has a 0.40% expense ratio, which is lower than IPDP's 1.52% expense ratio.

Dividends

PAYR vs. IPDP - Dividend Comparison

PAYR's dividend yield for the trailing twelve months is around 5.47%, while IPDP has not paid dividends to shareholders.

Position	TTM	2025
IPDP Dividend Performers ETF	0.00%	0.00%
PAYR Federated Hermes Enhanced Income ETF	5.47%	1.99%

Frequently Asked Questions

Which ETF is better, PAYR or IPDP?

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 IPDP?

PAYR is cheaper with a 0.40% expense ratio, compared with 1.52% for IPDP.

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

PAYR has the higher dividend yield at 5.47%, compared with 0.00% for IPDP.

What is the main difference between PAYR and IPDP?

They also come from different issuers: Federated Hermes and Innovative Portfolios. Their fees differ too: 0.40% for PAYR and 1.52% for IPDP.