WDTE vs. XPAY

Last updated Aug 4, 2026

WDTE (Defiance S&P 500 Weekly Distribution ETF) and XPAY (Roundhill S&P 500 Target 20 Managed Distribution ETF) are both Derivative Income funds. Both are actively managed. Over the past year, WDTE returned 18.84% vs 22.25% for XPAY. Their correlation of 0.89 means they have usually moved in the same direction. WDTE charges 1.03%/yr vs 0.49%/yr for XPAY.

Performance

WDTE vs. XPAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance S&P 500 Weekly Distribution ETF (WDTE) and Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with WDTE having a 11.48% return and XPAY slightly lower at 11.32%.

WDTE

• 1D: 1.35%
• 1M: 1.73%
• 6M: 9.63%
• YTD: 11.48%
• 1Y: 18.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.37%

XPAY

• 1D: 1.33%
• 1M: 1.63%
• 6M: 9.13%
• YTD: 11.32%
• 1Y: 22.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.18%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
WDTE Defiance S&P 500 Weekly Distribution ETF	$430.65K	$531.30K	$694.88K
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	$1.77M	$2.52M	$3.75M

WDTE vs. XPAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WDTE Defiance S&P 500 Weekly Distribution ETF	11.48%	13.60%	-1.74%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	11.32%	16.78%	1.60%

Correlation

The correlation between WDTE and XPAY is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (All Time) Calculated using the full available price history since Oct 31, 2024	0.89

The correlation between WDTE and XPAY has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

WDTE vs. XPAY - Sectors Allocation Comparison

Sectors	WDTE	XPAY
Technology	39.0%	38.5%
Financial Services	11.1%	11.6%
Communication Services	10.6%	9.9%
Consumer Cyclical	9.9%	9.5%
Healthcare	8.3%	8.9%
Industrials	7.8%	8.4%
Consumer Defensive	4.5%	4.5%
Energy	3.1%	3.0%
Utilities	2.1%	2.2%
Real Estate	1.8%	1.8%
Basic Materials	1.7%	1.7%

Return for Risk

WDTE vs. XPAY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WDTE

WDTE Risk / Return Rank: 72
WDTE Sharpe Ratio Rank: 72
WDTE Sortino Ratio Rank: 66
WDTE Omega Ratio Rank: 75
WDTE Calmar Ratio Rank: 69
WDTE Martin Ratio Rank: 80

XPAY

XPAY Risk / Return Rank: 74
XPAY Sharpe Ratio Rank: 76
XPAY Sortino Ratio Rank: 74
XPAY Omega Ratio Rank: 74
XPAY Calmar Ratio Rank: 67
XPAY Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WDTE vs. XPAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance S&P 500 Weekly Distribution ETF (WDTE) and Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY). 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.

	WDTE	XPAY	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.77	-0.08
Sortino ratio: Return per unit of downside risk	2.25	2.44	-0.19
Omega ratio: Gain probability vs. loss probability	1.32	1.32	+0.01
Calmar ratio: Return relative to maximum drawdown	2.47	2.39	+0.08
Martin ratio: Return relative to average drawdown	10.83	10.17	+0.66

WDTE vs. XPAY - Sharpe Ratio Comparison

The current WDTE Sharpe Ratio is 1.69, which is comparable to the XPAY Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of WDTE and XPAY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WDTE vs. XPAY - Drawdown Comparison

The maximum WDTE drawdown since its inception was -15.85%, smaller than the maximum XPAY drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for WDTE and XPAY.

Drawdown Indicators

	WDTE	XPAY	Difference
Max Drawdown Largest peak-to-trough decline	-15.85%	-18.20%	+2.35%
Max Drawdown (1Y) Largest decline over 1 year	-7.65%	-9.34%	+1.69%
Current Drawdown Current decline from peak	0.00%	-0.24%	+0.24%
Average Drawdown Average peak-to-trough decline	-1.82%	-2.34%	+0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	2.19%	-0.45%

Volatility

WDTE vs. XPAY - Volatility Comparison

The current volatility for Defiance S&P 500 Weekly Distribution ETF (WDTE) is 3.11%, while Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) has a volatility of 3.67%. This indicates that WDTE experiences smaller price fluctuations and is considered to be less risky than XPAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WDTE	XPAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.11%	3.67%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	9.38%	10.01%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	11.24%	12.66%	-1.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.44%	16.56%	-5.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.44%	16.56%	-5.12%

WDTE vs. XPAY - Expense Ratio Comparison

WDTE has a 1.03% expense ratio, which is higher than XPAY's 0.49% expense ratio.

Dividends

WDTE vs. XPAY - Dividend Comparison

WDTE's dividend yield for the trailing twelve months is around 32.49%, more than XPAY's 20.78% yield.

Position	TTM	2025	2024	2023
WDTE Defiance S&P 500 Weekly Distribution ETF	32.49%	35.78%	51.80%	16.41%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	20.78%	21.21%	3.40%	0.00%

Frequently Asked Questions

Can I hold both WDTE and XPAY in my portfolio?

With a correlation of 0.91, WDTE and XPAY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, WDTE or XPAY?

XPAY has higher volatility (3.67%) compared to WDTE (3.11%). In terms of maximum drawdown, WDTE dropped -15.85% vs XPAY's -18.20%.

Which ETF is better, WDTE or XPAY?

On 1-year performance, XPAY leads with 22.25% vs 18.84% for WDTE. On fees, XPAY is cheaper at 0.49% per year. On volatility, WDTE has been the lower-risk option at 3.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WDTE or XPAY?

Over the 1-year period, XPAY has performed better with a 22.25% return vs 18.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WDTE or XPAY?

XPAY is cheaper with a 0.49% expense ratio, compared with 1.03% for WDTE.

Which ETF pays a higher dividend yield, WDTE or XPAY?

WDTE has the higher dividend yield at 32.49%, compared with 20.78% for XPAY.

What is the main difference between WDTE and XPAY?

They also come from different issuers: Defiance and Roundhill. Their fees differ too: 1.03% for WDTE and 0.49% for XPAY.

Which has better risk-adjusted returns?

XPAY currently has the higher Sharpe Ratio (1.77 vs 1.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.