TPAY vs VYM
Roundhill S&P 500 Target 10 Managed Distribution ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | TPAY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.04% | |
| AUM | $2M | $79.0B | |
| Dividend Yield | 3.15% | 2.86% | |
| Holdings | 0 | 568 | |
| YTD Return | +8.28% | +15.80% | |
| 1Y Return | +8.28% | +26.12% | |
| 3Y Return (annualized) | - | +18.25% | |
| 5Y Return (annualized) | +3.17% | +12.51% | |
| Volatility (annualized) | 56.5% | 14.6% | |
| Max Drawdown | -49.6% | -58.8% | |
| Fund Family | Roundhill Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 18, 2026 | Nov 10, 2006 |
TPAY vs VYM Performance
Roundhill S&P 500 Target 10 Managed Distribution ETF (TPAY) is a ETF from Roundhill Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year TPAY returned +8.28% while VYM returned +26.12%. Year to date, TPAY is up 8.28% versus a gain of 15.80% for VYM.
Risk: Volatility and Drawdowns
TPAY has been the more volatile fund, with annualized monthly volatility of 56.5% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TPAY charges 0.49% per year while VYM charges 0.04%. On a $10,000 position that is $49 vs $4 annually, a gap of $45 per year that compounds over a long holding period. On income, TPAY currently yields 3.15% against 2.86% for VYM.
Frequently Asked Questions
Which is cheaper, TPAY or VYM?
TPAY has an expense ratio of 0.49% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $45 per year of difference.
Which performed better, TPAY or VYM?
Over the past year TPAY returned +8.28% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (8 years), TPAY annualized +11.33% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, TPAY or VYM?
TPAY has been the more volatile fund at 56.5% annualized versus 14.6% for VYM. Worst drawdown: TPAY -49.6% vs VYM -58.8%.
Should I hold both TPAY and VYM?
TPAY and VYM have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, TPAY or VYM?
TPAY yields 3.15% while VYM yields 2.86%, so TPAY currently pays the higher dividend yield.
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