MPAY vs PAYR
Akros Monthly Payout ETF vs Federated Hermes Enhanced Income ETF
Which is better, MPAY or PAYR?
PAYR has been ahead.
PAYR has a lower expense ratio. PAYR led over the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MPAY | PAYR |
|---|---|---|
| Expense Ratio | 0.56% | 0.40%Best |
| AUM | $2M | $82M |
| Dividend Yield | 7.15% | 8.32% |
| Holdings | 63 | 55 |
| Volatility (annualized) | 10.9%Best | 12.7% |
| Max Drawdown | -15.7% | -8.8%Best |
| Fund Family | Akros | Federated Hermes Funds |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Allocation/Balanced | Allocation/Balanced |
| Inception | May 5, 2022 | Oct 7, 2025 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), $10,000 over the window, Top 10 Weight.
The two price series end 540 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. MPAY has data through Apr 22, 2025 and PAYR through Oct 14, 2026.
Risk: Volatility and Drawdowns
PAYR has been the more volatile fund, with annualized monthly volatility of 12.7% compared with 10.9% for MPAY. 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 -15.7% for MPAY and -8.8% for PAYR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
Fees and Cost Over Time
MPAY charges 0.56% per year while PAYR charges 0.40%. On a $10,000 position that is $56 vs $40 annually, a gap of $16 per year that compounds over a long holding period. On income, MPAY currently yields 7.15% against 8.32% for PAYR.
You are not choosing between two funds in isolation.
Whichever of MPAY and PAYR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MPAY or PAYR?
MPAY has an expense ratio of 0.56% while PAYR charges 0.40%. PAYR is the cheaper option, by $16 a year on a $10,000 investment.
Which is riskier, MPAY or PAYR?
PAYR has been the more volatile fund at 12.7% annualized versus 10.9% for MPAY. Worst drawdown: MPAY -15.7% vs PAYR -8.8%.
Which pays a higher dividend, MPAY or PAYR?
MPAY yields 7.15% while PAYR yields 8.32%, so PAYR currently pays the higher dividend yield.
Is PAYR better than MPAY?
PAYR has a lower expense ratio. PAYR led over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.