PAYRvsDIVPETF Comparison
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Federated Hermes Enhanced Income ETF (PAYR) and Cullen Enhanced Equity Income ETF (DIVP) belong to the same industry segment: Options Strategies. PAYR's top 3 sector exposures are Finance, Utilities and Consumer Non-Cyclicals. In contrast, DIVP's top sector exposures are Finance, Healthcare and Energy. PAYR is more expensive with a Total Expense Ratio (TER) of 0.74%, versus 0.55% for DIVP. PAYR is up 14.77% year-to-date (YTD) with +$61M in YTD flows. DIVP performs worse with 11.8% YTD performance, and +$15M in YTD flows. Run a side-by-side ETF comparison of PAYR and DIVP below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PAYR vs DIVP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PAYR DIVP | -0.19%-0.56% | +3.46%+3.00% | +14.77%+11.80% | n/a+14.22% | n/an/a | n/an/a |
| Flows | PAYR DIVP | +$14M+$1M | +$34M+$4M | +$61M+$15M | -+$22M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PAYR DIVP | +12.01%+10.92% | n/a+10.14% | n/an/a | n/an/a |
| Max drawdown | PAYR DIVP | -3.41%-2.68% | n/a-6.42% | n/an/a | n/an/a |
| Max drawdown duration | PAYR DIVP | 17d11d | n/a112d | n/an/a | n/an/a |
Trading data
PAYR | DIVP | |
Last sale 9/11/2026 at 1:30 PM | $55.05 | $27.35 |
| Previous close 09/10/2026 | $54.91 | $27.25 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
PAYR | DIVP | |
|---|---|---|
| Last price | $55.05 | $27.35 |
| 1D performance | +0.25% | +0.38% |
| AuM | $73.99 M | $58.52 M |
| E/R | 0.74% | 0.55% |
Characteristics
PAYR | DIVP | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Federated Investment Management | Cullen Capital Management |
| Benchmark | - | - |
| N° of holdings | 50 | 35 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 7, 2025 | March 7, 2024 |
| ESG | No | No |
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Exposure
Countries
PAYR
USA
69.78%
Other
30.22%
DIVP
USA
86.07%
Other
13.93%
Sectors
PAYR
Finance
25.21%
Utilities
13.55%
Consumer Non-Cycl.
13.48%
Healthcare
13.39%
Energy
10.46%
Other
23.9%
DIVP
Finance
18.07%
Healthcare
17.43%
Energy
11.21%
Industrials
10.95%
Consumer Non-Cycl.
8.32%
Telecommunication.
8.2%
Other
25.83%
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Diversification
PAYR
Total weight of top 15 holdings out of 15
44.53%
DIVP
Total weight of top 15 holdings out of 15
50.96%
Top 15 holdings
Data as of July 31, 2026
PAYR
U.S. Bancorp
3.98%
Paychex, Inc.
3.91%
Verizon Communications, Inc.
3.30%
TotalEnergies SE
3.19%
British American Tobacco plc
3.15%
Enbridge, Inc.
3.13%
Medtronic Plc
2.80%
Kimco Realty Corp.
2.80%
Sanofi
2.79%
Prologis, Inc.
2.74%
The PNC Financial Services Group, Inc.
2.69%
AbbVie, Inc.
2.67%
PepsiCo, Inc.
2.54%
FirstEnergy Corp.
2.44%
Pfizer Inc.
2.40%
DIVP
EOG Resources, Inc.
4.13%
UnitedHealth Group, Inc.
3.94%
Bristol Myers Squibb Co.
3.92%
ConocoPhillips
3.90%
Sysco Corp.
3.68%
VICI Properties, Inc.
3.30%
Becton, Dickinson & Co.
3.27%
Medtronic Plc
3.20%
ExxonMobil Holdings Corp.
3.18%
International Business Machines Corp.
3.15%
Healthpeak Properties, Inc.
3.11%
Merck & Co., Inc.
3.10%
Truist Financial Corp.
3.04%
AT&T, Inc.
3.03%
Duke Energy Corp.
3.03%
Frequently asked questions about PAYR and DIVP
How have the PAYR and DIVP ETFs performed in 2026?
As of September 10, 2026, PAYR is up 14.77% year-to-date (YTD), while DIVP has returned 11.8%. That puts PAYR better performer ahead so far this year.
Which ETF is attracting more investor money: PAYR or DIVP?
Year-to-date, the PAYR ETF saw +$61M in flows, compared to +$15M for DIVP.
Which ETF is bigger: PAYR or DIVP?
As of September 10, 2026, PAYR holds $73.99 M in assets under management (AUM), while DIVP manages $58.52 M.
What sectors do the PAYR and DIVP ETFs invest in?
PAYR leans toward sectors like Finance, Utilities and Consumer Non-Cyclicals. Meanwhile, DIVP focuses on Finance, Healthcare and Energy.
What are the top holdings of the PAYR ETF and DIVP ETF?
PAYR top holdings include U.S. Bancorp, Paychex, Inc. and Verizon Communications, Inc.. DIVP holds in its top three: EOG Resources, Inc., UnitedHealth Group, Inc. and Bristol Myers Squibb Co..
Which ETF is more diversified: PAYR or DIVP?
PAYR holds 50 securities with 44.53% of its assets in the top 15. DIVP has 35 securities and a top 15 weight of 50.96%.
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