XPAY vs. XOMO

Last updated Aug 4, 2026

XPAY (Roundhill S&P 500 Target 20 Managed Distribution ETF) and XOMO (YieldMax XOM Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, XPAY returned 22.25% vs 29.81% for XOMO. Their -0.02 correlation means they have often moved in opposite directions in the past. XPAY charges 0.49%/yr vs 1.01%/yr for XOMO.

Performance

XPAY vs. XOMO - 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 YieldMax XOM Option Income Strategy ETF (XOMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XPAY achieves a 11.32% return, which is significantly lower than XOMO's 20.15% return.

XPAY

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

XOMO

• 1D: -0.09%
• 1M: 10.85%
• 6M: 7.87%
• YTD: 20.15%
• 1Y: 29.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.81%

*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)
XOMO YieldMax XOM Option Income Strategy ETF	$559.24K	$694.66K	$715.05K
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	$1.77M	$2.52M	$3.75M

XPAY vs. XOMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	11.32%	16.78%	1.60%
XOMO YieldMax XOM Option Income Strategy ETF	20.15%	6.90%	-6.10%

Correlation

The correlation between XPAY and XOMO is -0.25, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.25
Correlation (All Time) Calculated using the full available price history since Oct 31, 2024	-0.02

Over the past year, the inverse relationship between XPAY and XOMO has strengthened: their correlation has moved from -0.02 to -0.25, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

XPAY vs. XOMO — Risk / Return Rank

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

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

XOMO

XOMO Risk / Return Rank: 52
XOMO Sharpe Ratio Rank: 59
XOMO Sortino Ratio Rank: 55
XOMO Omega Ratio Rank: 57
XOMO Calmar Ratio Rank: 46
XOMO Martin Ratio Rank: 40

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.

XPAY vs. XOMO - 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 YieldMax XOM Option Income Strategy ETF (XOMO). 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	XOMO	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.45	+0.32
Sortino ratio: Return per unit of downside risk	2.44	1.96	+0.47
Omega ratio: Gain probability vs. loss probability	1.32	1.26	+0.06
Calmar ratio: Return relative to maximum drawdown	2.39	1.74	+0.66
Martin ratio: Return relative to average drawdown	10.17	4.35	+5.82

XPAY vs. XOMO - Sharpe Ratio Comparison

The current XPAY Sharpe Ratio is 1.77, which is comparable to the XOMO Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of XPAY and XOMO, 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

XPAY vs. XOMO - Drawdown Comparison

The maximum XPAY drawdown since its inception was -18.20%, roughly equal to the maximum XOMO drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for XPAY and XOMO.

Drawdown Indicators

	XPAY	XOMO	Difference
Max Drawdown Largest peak-to-trough decline	-18.20%	-18.90%	+0.70%
Max Drawdown (1Y) Largest decline over 1 year	-9.34%	-17.25%	+7.91%
Current Drawdown Current decline from peak	-0.24%	-7.65%	+7.41%
Average Drawdown Average peak-to-trough decline	-2.34%	-7.50%	+5.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	6.89%	-4.70%

Volatility

XPAY vs. XOMO - Volatility Comparison

The current volatility for Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) is 3.67%, while YieldMax XOM Option Income Strategy ETF (XOMO) has a volatility of 6.21%. This indicates that XPAY experiences smaller price fluctuations and is considered to be less risky than XOMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XPAY	XOMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	6.21%	-2.54%
Volatility (6M) Calculated over the trailing 6-month period	10.01%	17.24%	-7.23%
Volatility (1Y) Calculated over the trailing 1-year period	12.66%	20.67%	-8.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.56%	19.19%	-2.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.56%	19.19%	-2.63%

XPAY vs. XOMO - Expense Ratio Comparison

XPAY has a 0.49% expense ratio, which is lower than XOMO's 1.01% expense ratio.

Dividends

XPAY vs. XOMO - Dividend Comparison

XPAY's dividend yield for the trailing twelve months is around 20.78%, less than XOMO's 37.07% yield.

Position	TTM	2025	2024	2023
XOMO YieldMax XOM Option Income Strategy ETF	37.07%	31.64%	26.94%	5.13%
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 XPAY and XOMO in my portfolio?

XPAY and XOMO have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XPAY or XOMO?

XOMO has higher volatility (6.21%) compared to XPAY (3.67%). In terms of maximum drawdown, XPAY dropped -18.20% vs XOMO's -18.90%.

Which ETF is better, XPAY or XOMO?

On 1-year performance, XOMO leads with 29.81% vs 22.25% for XPAY. On fees, XPAY is cheaper at 0.49% per year. On volatility, XPAY has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XPAY or XOMO?

Over the 1-year period, XOMO has performed better with a 29.81% return vs 22.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XPAY or XOMO?

XPAY is cheaper with a 0.49% expense ratio, compared with 1.01% for XOMO.

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

XOMO has the higher dividend yield at 37.07%, compared with 20.78% for XPAY.

What is the main difference between XPAY and XOMO?

They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.49% for XPAY and 1.01% for XOMO.

Which has better risk-adjusted returns?

XPAY currently has the higher Sharpe Ratio (1.77 vs 1.45), 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.