XPAY vs. IPDP

Last updated Jun 4, 2026

XPAY (Roundhill S&P 500 Target 20 Managed Distribution ETF) and IPDP (Dividend Performers ETF) are both Derivative Income funds. Both are actively managed. XPAY charges 0.49%/yr vs 1.52%/yr for IPDP.

Performance

XPAY vs. IPDP - Performance Comparison

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

Returns By Period

XPAY

• 1D: -0.68%
• 1M: 5.07%
• YTD: 10.83%
• 6M: 10.69%
• 1Y: 27.22%
• 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)

XPAY vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	9.39%
IPDP Dividend Performers ETF	0.00%

Return for Risk

XPAY vs. IPDP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XPAY

XPAY Risk / Return Rank: 67
XPAY Sharpe Ratio Rank: 69
XPAY Sortino Ratio Rank: 67
XPAY Omega Ratio Rank: 68
XPAY Calmar Ratio Rank: 58
XPAY Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XPAY vs. IPDP - Risk-Adjusted Trends Comparison

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

	XPAY	IPDP	Difference
Sharpe ratio: Return per unit of total volatility	2.31	—	—
Sortino ratio: Return per unit of downside risk	3.15	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	2.93	—	—
Martin ratio: Return relative to average drawdown	13.50	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XPAY	IPDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	—	—

Drawdowns

XPAY vs. IPDP - Drawdown Comparison

The maximum XPAY drawdown since its inception was -18.20%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for XPAY and IPDP.

Drawdown Indicators

	XPAY	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-18.20%	0.00%	-18.20%
Max Drawdown (1Y) Largest decline over 1 year	-9.34%	—	—
Current Drawdown Current decline from peak	-0.68%	0.00%	-0.68%
Average Drawdown Average peak-to-trough decline	-2.37%	0.00%	-2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	—	—

Volatility

Volatility by Period

	XPAY	IPDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.82%	0.00%	+11.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.70%	0.00%	+16.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.70%	0.00%	+16.70%

XPAY vs. IPDP - Expense Ratio Comparison

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

Dividends

XPAY vs. IPDP - Dividend Comparison

XPAY's dividend yield for the trailing twelve months is around 20.37%, while IPDP has not paid dividends to shareholders.

Position	TTM	2025	2024
IPDP Dividend Performers ETF	0.00%	0.00%	0.00%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	20.37%	21.21%	3.40%

Frequently Asked Questions

Which ETF is better, XPAY or IPDP?

On fees, XPAY 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, XPAY or IPDP?

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

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

XPAY has the higher dividend yield at 20.37%, compared with 0.00% for IPDP.

What is the main difference between XPAY and IPDP?

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