TPAY vs. IPDP

Last updated Jun 4, 2026

TPAY (Roundhill S&P 500 Target 10 Managed Distribution ETF) and IPDP (Dividend Performers ETF) are both Derivative Income funds. Both are actively managed. TPAY charges 0.49%/yr vs 1.52%/yr for IPDP.

Performance

TPAY vs. IPDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill S&P 500 Target 10 Managed Distribution ETF (TPAY) and Dividend Performers ETF (IPDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TPAY

• 1D: -0.57%
• 1M: 5.18%
• YTD: —
• 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)

TPAY vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF	10.10%
IPDP Dividend Performers ETF	0.00%

Return for Risk

TPAY vs. IPDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 Target 10 Managed Distribution ETF (TPAY) 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

	TPAY	IPDP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.80	—	—

Drawdowns

TPAY vs. IPDP - Drawdown Comparison

The maximum TPAY drawdown since its inception was -8.62%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for TPAY and IPDP.

Drawdown Indicators

	TPAY	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-8.62%	0.00%	-8.62%
Current Drawdown Current decline from peak	-0.57%	0.00%	-0.57%
Average Drawdown Average peak-to-trough decline	-1.82%	0.00%	-1.82%

Volatility

Volatility by Period

	TPAY	IPDP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.17%	0.00%	+14.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.17%	0.00%	+14.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.17%	0.00%	+14.17%

TPAY vs. IPDP - Expense Ratio Comparison

TPAY has a 0.49% expense ratio, which is lower than IPDP's 1.52% expense ratio.

Dividends

TPAY vs. IPDP - Dividend Comparison

TPAY's dividend yield for the trailing twelve months is around 2.32%, while IPDP has not paid dividends to shareholders.

Position	TTM
IPDP Dividend Performers ETF	0.00%
TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF	2.32%

Frequently Asked Questions

Which ETF is better, TPAY or IPDP?

On fees, TPAY is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TPAY or IPDP?

TPAY is cheaper with a 0.49% expense ratio, compared with 1.52% for IPDP.

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

TPAY has the higher dividend yield at 2.32%, compared with 0.00% for IPDP.

What is the main difference between TPAY and IPDP?

They also come from different issuers: Roundhill and Innovative Portfolios. Their fees differ too: 0.49% for TPAY and 1.52% for IPDP.