XPAYRoundhill S&P 500 Target 20 Managed Distribution ETF
Seeks to pay monthly capital distributions at an annualized rate of 20% while providing exposure to the S&P 500 Index.
Roundhill Investments · Since 2024 (1 year)
0.49%
#2226 out of 5,332 ETFs
$122M
#2545 out of 5,332 ETFs
23.05%
1 year
#4000 out of 5,332 ETFs
Performance
1 Year
+30.3%
3 Years
N/A
5 Years
N/A
What's inside
Risk profile
12.5%
Moderate
-18.2%
Worst peak-to-trough loss
N/A
N/A
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Buffer ETF — downside protection at a cost
Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.
Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)
Why we flagged this: strategy=structured_outcome + structured_outcome_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05