XPAY ETF — Roundhill S&P 500 Target 20 Managed Distribution ETF
Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY)
XPAY is an ETF that tracks the S&P 500 exposure with managed payouts. As of August 20, 2026, its distribution rate is 20.30%, its trailing-12-month yield is 20.70%, its expense ratio is 0.49%. Dividend Vision Distribution Safety Score™ is 87/100 (Safe). Fund total return is 36.3% over the past 1.8 years, 1.7 points behind SPY at 38.0%.
At the current 20.30% distribution rate, a $10,000 investment would generate approximately $2,030 per year, or $169.17 per month on an equivalent basis.
XPAY dividend yield and income
Data as of August 20, 2026.
The distribution rate (20.30%) is the latest posted forward yield, paid monthly. Trailing-12-month yield (20.70%) is the last year of payments divided by the current price. The last dividend was $0.9000. The last ex-dividend date was 08/12/2026. It was paid on 08/13/2026. At 20.30%, $10,000 would generate about $2,030 a year ($169.17 monthly-equivalent).
| Ex-date | Amount | vs year-ago payment |
|---|---|---|
| 2026-08-12 | $0.9 | -5.6% |
| 2026-07-08 | $0.9 | -5.6% |
| 2026-06-10 | $0.9 | -5.6% |
| 2026-05-13 | $0.9 | -5.6% |
| 2026-04-08 | $0.9 | -5.6% |
| 2026-03-11 | $0.9 | -5.6% |
| 2026-02-11 | $0.9 | -5.6% |
| 2026-01-14 | $0.9 | -5.6% |
| 2025-12-10 | $0.953 | -2.0% |
| 2025-11-12 | $0.953 | -2.0% |
| 2025-10-08 | $0.953 | — |
| 2025-09-10 | $0.953 | — |
| 2025-08-06 | $0.953 | — |
| 2025-07-09 | $0.953 | — |
| 2025-06-11 | $0.953 | — |
| 2025-05-07 | $0.953 | — |
| 2025-04-09 | $0.953 | — |
| 2025-03-12 | $0.953 | — |
| 2025-02-12 | $0.953 | — |
| 2025-01-08 | $0.953 | — |
| 2024-12-11 | $0.972 | — |
| 2024-11-06 | $0.972 | — |
| 2024 total | $1.944 | — |
| 2025 total | $11.436 | 488.3% |
| 2026 YTD total | $7.2 | -5.6% |
XPAY dividend growth
An annualized trend fit on recent payments is -7.55%. That fit can move with uneven quarterly amounts and is not the same as a trailing-12-month cut.
| Window | Change |
|---|---|
| 1Y | 15.1% |
XPAY performance versus SPY
Data as of August 20, 2026.
Fund total return is 36.3% over the past 1.8 years, 1.7 points behind SPY at 38.0%. Its deepest 1-year drawdown was 9.3%.
| Window | Total return | CAGR |
|---|---|---|
| Since inception (1.8 years) | 36.3% | 18.80% |
XPAY key facts
Data as of August 20, 2026.
- Distribution Safety Score™
- 87 · Safe
- Safety-Adjusted Yield
- 17.66%
- Issuer
- Roundhill Investments
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 09/13/2024
- Expense ratio
- 0.49%
- Distribution rate
- 20.30%
- Distribution frequency
- Monthly
- Trailing yield
- 20.70%
- Last close
- $53.19
- AUM
- $169,178,928
- Average volume
- 24588.0
- Last dividend
- $0.9000
- Ex-dividend date
- 08/12/2026
- Payment date
- 08/13/2026
- Beta
- 0.9909
- P/E ratio
- 25.5456
How Dividend Vision calculates yield and returns
Distribution rate (20.30%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (20.70%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 20, 2026.
Distribution rate methodology · Distribution Safety Score methodology · SEC yield
Sources and review
Data as of August 20, 2026.
Primary sources: Roundhill Investments fund page; Index: S&P 500 exposure with managed payouts; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
XPAY risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 9.3%.
Who may consider XPAY — and who may not
XPAY may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
Frequently asked questions
Does XPAY pay monthly?
Yes. XPAY currently pays monthly.
What index does XPAY track?
XPAY tracks the S&P 500 exposure with managed payouts.
What is XPAY's expense ratio?
XPAY's expense ratio is 0.49%.
What is XPAY's dividend yield?
XPAY currently yields 20.30%, paid monthly, with a 0.49% expense ratio.
When does XPAY pay a dividend?
XPAY pays monthly. The last dividend was $0.9000. The last ex-dividend date was 08/12/2026. It was paid on 08/13/2026.
How has XPAY performed?
Fund total return is 36.3% over the past 1.8 years, 1.7 points behind SPY at 38.0%. Its deepest 1-year drawdown was 9.3%.
Is XPAY a good investment?
XPAY's Dividend Vision Distribution Safety Score is 87 (Safe). That is a risk signal, not investment advice. It currently yields 20.30%. Compare peers below rather than treating any single figure as a buy or sell.
More funds from Roundhill Investments.
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