TPAY vs VOO
Roundhill S&P 500 Target 10 Managed Distribution ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | TPAY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.03% | |
| AUM | $2M | $979.0B | |
| Dividend Yield | 3.15% | 1.09% | |
| Holdings | 0 | 509 | |
| YTD Return | +8.18% | +13.79% | |
| 1Y Return | +8.18% | +23.01% | |
| 3Y Return (annualized) | - | +21.78% | |
| 5Y Return (annualized) | +3.17% | +13.39% | |
| Volatility (annualized) | 56.5% | 14.1% | |
| Max Drawdown | -49.6% | -34.3% | |
| Fund Family | Roundhill Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 18, 2026 | Sep 7, 2010 |
TPAY vs VOO Performance
Roundhill S&P 500 Target 10 Managed Distribution ETF (TPAY) is a ETF from Roundhill Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TPAY returned +8.18% while VOO returned +23.01%. Year to date, TPAY is up 8.18% versus a gain of 13.79% for VOO.
Risk: Volatility and Drawdowns
TPAY has been the more volatile fund, with annualized monthly volatility of 56.5% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -49.6% for TPAY and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TPAY charges 0.49% per year while VOO charges 0.03%. On a $10,000 position that is $49 vs $3 annually, a gap of $46 per year that compounds over a long holding period. On income, TPAY currently yields 3.15% against 1.09% for VOO.
Frequently Asked Questions
Which is cheaper, TPAY or VOO?
TPAY has an expense ratio of 0.49% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, TPAY or VOO?
Over the past year TPAY returned +8.18% vs +23.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (8 years), TPAY annualized +11.31% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, TPAY or VOO?
TPAY has been the more volatile fund at 56.5% annualized versus 14.1% for VOO. Worst drawdown: TPAY -49.6% vs VOO -34.3%.
Should I hold both TPAY and VOO?
TPAY and VOO have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, TPAY or VOO?
TPAY yields 3.15% while VOO yields 1.09%, so TPAY currently pays the higher dividend yield.
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