XPAY vs. RITM
XPAY (Roundhill S&P 500 Target 20 Managed Distribution ETF) is Derivative Income fund actively managed by Roundhill, while RITM (Rithm Capital Corp.) is a stock. Over the past year, XPAY returned 24.99% vs -9.45% for RITM. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
XPAY vs. RITM - Performance Comparison
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Returns By Period
In the year-to-date period, XPAY achieves a 8.67% return, which is significantly higher than RITM's -12.31% return.
XPAY
- 1D
- 0.27%
- 1M
- 0.28%
- YTD
- 8.67%
- 6M
- 8.87%
- 1Y
- 24.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RITM
- 1D
- 0.76%
- 1M
- 1.97%
- YTD
- -12.31%
- 6M
- -11.98%
- 1Y
- -9.45%
- 3Y*
- 10.36%
- 5Y*
- 6.69%
- 10Y*
- 7.00%
XPAY vs. RITM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF | 8.67% | 16.78% | 1.60% |
RITM Rithm Capital Corp. | -12.31% | 10.06% | 2.73% |
Correlation
The correlation between XPAY and RITM is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2024 | 0.52 |
The correlation between XPAY and RITM has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.
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Return for Risk
XPAY vs. RITM — Risk / Return Rank
XPAY
RITM
XPAY vs. RITM - 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 Rithm Capital Corp. (RITM). 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.
| XPAY | RITM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.39 | ||
| Sortino ratioReturn per unit of downside risk | +3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.93 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | -0.39 | +2.91 |
| Martin ratioReturn relative to average drawdown | 11.28 | -0.85 | +12.13 |
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Drawdowns
XPAY vs. RITM - Drawdown Comparison
The maximum XPAY drawdown since its inception was -18.20%, smaller than the maximum RITM drawdown of -81.11%. Use the drawdown chart below to compare losses from any high point for XPAY and RITM.
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Drawdown Indicators
| XPAY | RITM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.20% | -81.11% | +62.91% |
Max Drawdown (1Y)Largest decline over 1 year | -9.34% | -27.31% | +17.97% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.31% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.11% | — |
Current DrawdownCurrent decline from peak | -2.61% | -20.77% | +18.16% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -15.96% | +13.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 12.58% | -10.50% |
Volatility
XPAY vs. RITM - Volatility Comparison
The current volatility for Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) is 4.24%, while Rithm Capital Corp. (RITM) has a volatility of 7.23%. This indicates that XPAY experiences smaller price fluctuations and is considered to be less risky than RITM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XPAY | RITM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 7.23% | -2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.46% | 19.11% | -9.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.25% | 22.51% | -10.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 27.49% | -10.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 40.17% | -23.36% |
Dividends
XPAY vs. RITM - Dividend Comparison
XPAY's dividend yield for the trailing twelve months is around 21.03%, more than RITM's 10.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RITM Rithm Capital Corp. | 10.74% | 9.17% | 9.23% | 9.36% | 12.24% | 8.40% | 5.03% | 12.41% | 14.07% | 11.07% | 11.70% | 14.39% |
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF | 21.03% | 21.21% | 3.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XPAY and RITM have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RITM has higher volatility (7.23%) compared to XPAY (4.24%). In terms of maximum drawdown, XPAY dropped -18.20% vs RITM's -81.11%.
XPAY currently has the higher Sharpe Ratio (1.91 vs -0.48), 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.
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