PAYR vs SURI
Federated Hermes Enhanced Income ETF vs Simplify Propel Opportunities ETF
Which is better, PAYR or SURI?
SURI has been ahead.
PAYR has a lower expense ratio. SURI led over 1Y and 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 | PAYR | SURI |
|---|---|---|
| Expense Ratio | 0.40%Best | 2.56% |
| AUM | $82M | $75M |
| Dividend Yield | 8.32% | 15.67% |
| Holdings | 55 | 40 |
| YTD Return | +6.04% | +13.31%Best |
| 1Y Return | +9.06% | +22.43%Best |
| 3Y Return (annualized) | - | +12.19% |
| Volatility (annualized) | 12.7%Best | 22.0% |
| Max Drawdown | -8.8%Best | -14.8% |
| $10,000 over 1 years | $10,927 | $12,308Best |
| Fund Family | Federated Hermes Funds | Simplify Exchange Traded Funds |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Allocation/Balanced | Allocation/Balanced |
| Inception | Oct 7, 2025 | Feb 7, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Oct 8, 2025 to Oct 14, 2026 (1 years).
PAYR vs SURI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1 years both funds cover.
PAYR vs SURI Performance
Federated Hermes Enhanced Income ETF (PAYR) is an ETF from Federated Hermes Funds and Simplify Propel Opportunities ETF (SURI) is an ETF from Simplify Exchange Traded Funds. Over the past year PAYR returned +9.06% while SURI returned +22.43%. Year to date, PAYR is up 6.04% versus a gain of 13.31% for SURI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SURI has been the more volatile fund, with annualized monthly volatility of 22.0% compared with 12.7% for PAYR. 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 -8.8% for PAYR and -14.8% for SURI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.39. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PAYR charges 0.40% per year while SURI charges 2.56%. On a $10,000 position that is $40 vs $256 annually, a gap of $216 per year that compounds over a long holding period. On income, PAYR currently yields 8.32% against 15.67% for SURI.
Holdings Overlap
We hold position weights for 46 holdings in PAYR and 28 in SURI, totalling 91.8% and 90.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 46 positions we hold weights for in PAYR and 28 in SURI, against full books of 55 and 40.
You are not choosing between two funds in isolation.
Whichever of PAYR and SURI 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, PAYR or SURI?
PAYR has an expense ratio of 0.40% while SURI charges 2.56%. PAYR is the cheaper option, by $216 a year on a $10,000 investment.
Which performed better, PAYR or SURI?
Over the past year PAYR returned +9.06% vs +22.43% for SURI, so SURI leads on 1-year performance. Over the longest common window we track (1 years), PAYR annualized +9.27% vs +23.08% for SURI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PAYR or SURI?
SURI has been the more volatile fund at 22.0% annualized versus 12.7% for PAYR. Worst drawdown: PAYR -8.8% vs SURI -14.8%.
Should I hold both PAYR and SURI?
PAYR and SURI have a monthly-return correlation of 0.39, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PAYR or SURI?
PAYR yields 8.32% while SURI yields 15.67%, so SURI currently pays the higher dividend yield.
Is SURI better than PAYR?
PAYR has a lower expense ratio. SURI led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.