target 20% yield, outperforming VOO since Nov 2024.
XPAY is a target 20% managed-distribution ETF that has also outperformed VOO, offering tax-efficient ROC payouts.
XPAY from Roundhill targets a 20% annual yield, reset annually, by systematically drawing down the portfolio. Since November 2024, its total return of 33.75% has edged VOO's 32.77%, and its distributions are 100% return of capital (ROC) for tax efficiency. It is seen as a threat to covered call ETFs due to its simpler yet effective structure.
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