XPAY vs ENOR

Comparison between ROUNDHILL S&P 500 TARGET 20 MANAGED DISTRIBUTION ETF (XPAY, ETF) and ISHARES MSCI NORWAY ETF (ENOR, ETF).

XPAY vs ENOR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	XPAY(ETF)	ENOR(ETF)
Net Assets	$133M	$133M
Expense Ratio	0.49%	0.53%
Max Drawdown	23.01%	62.59%
Sharpe Ratio	1.55	1.54
5Y Beta	0.94	0.68
5Y Dividends CAGR	N/A	13.77%

Net Assets

XPAY

$133M

Winner

ENOR

$133M

Expense Ratio

Winner

XPAY

0.49%

ENOR

0.53%

Max Drawdown

Winner

XPAY

23.01%

ENOR

62.59%

Sharpe Ratio

Winner

XPAY

1.55

ENOR

1.54

5Y Beta

XPAY

0.94

Winner

ENOR

0.68

5Y Dividends CAGR

XPAY

N/A

ENOR

13.77%

XPAY vs ENOR - Holdings Comparison

XPAY and ENOR have 0 common holdings. Overlap is 0.00%

XPAY's top 25 holdings weight is 4.06%. ENOR's top 25 holdings weight is 85.27%.

Rank	XPAY	ENOR
#1	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 4.06%	EQUINOR ASA (n/a) - 13.38%
#2	N/A	DNB BANK ASA (n/a) - 11.35%
#3	N/A	NORSK HYDRO ASA (n/a) - 6.60%
#4	N/A	KONGSBERG GRUPPEN ASA (n/a) - 5.83%
#5	N/A	AKER BP ASA (n/a) - 5.04%
#6	N/A	MOWI ASA (n/a) - 4.27%
#7	N/A	YARA INTERNATIONAL ASA (n/a) - 3.99%
#8	N/A	TELENOR ASA (n/a) - 3.79%
#9	N/A	ORKLA ASA (n/a) - 3.57%
#10	N/A	SUBSEA 7 SA (n/a) - 3.50%
#11	N/A	STOREBRAND ASA (n/a) - 3.42%
#12	N/A	GJENSIDIGE FORSIKRING ASA (n/a) - 2.31%
#13	N/A	FRONTLINE PLC (FRO) - 2.26%
#14	N/A	VEND MARKETPLACES ASA ORDINARY SHARES (n/a) - 1.86%
#15	N/A	SPAREBANK 1 SOR NORGE ASA (n/a) - 1.77%
#16	N/A	SALMAR ASA (n/a) - 1.75%
#17	N/A	NORDIC SEMICONDUCTOR ASA (n/a) - 1.62%
#18	N/A	TGS ASA (n/a) - 1.34%
#19	N/A	AKER ASA CLASS A (n/a) - 1.27%
#20	N/A	KONGSBERG MARITIME ASA (n/a) - 1.15%
#21	N/A	PROTECTOR FORSIKRING ASA (n/a) - 1.10%
#22	N/A	SPAREBANK 1 SMN DEPOSITORY RECEIPTS (n/a) - 1.09%
#23	N/A	KITRON ASA (n/a) - 1.03%
#24	N/A	BAKKAFROST P/F (n/a) - 1.02%
#25	N/A	TOMRA SYSTEMS ASA (n/a) - 0.96%
Total Holdings	1	65

XPAY vs ENOR - Historical Returns

Returns include dividend reinvestment.

Period	XPAY	ENOR
1 month	+1.93%	-5.07%
3 months	+8.39%	+5.16%
6 months	+7.80%	+30.47%
1 year	+24.87%	+33.11%
5 years(CAGR)	N/A	+7.80%
10 years(CAGR)	N/A	+9.17%
Max(CAGR)	+18.02%	+5.82%

Winner

XPAY

+1.93%

ENOR

-5.07%

Winner

XPAY

+8.39%

ENOR

+5.16%

XPAY

+7.80%

Winner

ENOR

+30.47%

XPAY

+24.87%

Winner

ENOR

+33.11%

5Y(CAGR)

XPAY

N/A

ENOR

+7.80%

10Y(CAGR)

XPAY

N/A

ENOR

+9.17%

Max(CAGR)

Winner

XPAY

+18.02%

ENOR

+5.82%

XPAY vs ENOR - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	XPAY	ENOR
2026	+8.11%	+23.02%
2025	+16.85%	+30.35%
2024	+3.12%	-0.30%
2023	N/A	+8.03%
2022	N/A	-13.40%
2021	N/A	+18.51%
2020	N/A	+1.24%
2019	N/A	+12.25%
2018	N/A	-9.35%
2017	N/A	+20.83%
2016	N/A	+19.07%
2015	N/A	-15.90%
2014	N/A	-20.31%
2013	N/A	+7.44%
2012	N/A	+17.29%

XPAY vs ENOR Drawdown Comparison

The maximum drawdown for XPAY was -18.21%, occurring on Apr 8, 2025. Recovery took 88 trading sessions.

The maximum drawdown for ENOR was -55.31%, occurring on Mar 18, 2020. Recovery took 1726 trading sessions.

The current XPAY drawdown is -2.85%. The current ENOR drawdown is -5.25%.

Rank	XPAY	ENOR
#1	-18.21% Feb 19, 2025 - Jun 26, 2025	-55.31% Jun 6, 2014 - Apr 15, 2021
#2	-9.33% Jan 28, 2026 - Apr 15, 2026	-32.61% Mar 30, 2022 - May 21, 2025
#3	-5.03% Oct 28, 2025 - Dec 11, 2025	-24.65% Mar 20, 2012 - Jan 2, 2013
#4	-4.40% Dec 6, 2024 - Jan 23, 2025	-13.96% Feb 1, 2013 - Sep 18, 2013
#5	-2.87% Oct 8, 2025 - Oct 24, 2025	-13.29% Oct 20, 2021 - Mar 30, 2022
#6	-2.85% Jun 2, 2026 - Jun 5, 2026	-9.93% Jun 7, 2021 - Oct 13, 2021
#7	-2.68% Dec 11, 2025 - Dec 24, 2025	-9.13% Oct 25, 2013 - Mar 5, 2014
#8	-2.56% Jan 12, 2026 - Jan 27, 2026	-9.01% Sep 16, 2025 - Jan 2, 2026
#9	-2.41% Jul 25, 2025 - Aug 12, 2025	-7.29% Feb 28, 2012 - Mar 20, 2012
#10	-2.35% Nov 11, 2024 - Nov 26, 2024	-6.49% Sep 18, 2013 - Oct 18, 2013
#11	-2.00% Jan 23, 2025 - Feb 19, 2025	-5.50% Mar 19, 2026 - Mar 31, 2026
#12	-1.84% May 14, 2026 - May 26, 2026	-5.48% Jun 13, 2025 - Aug 22, 2025
#13	-1.52% Aug 13, 2025 - Aug 22, 2025	-5.32% Apr 29, 2021 - Jun 1, 2021
#14	-1.40% Aug 28, 2025 - Sep 9, 2025	-5.25% May 21, 2026 - Jun 5, 2026
#15	-1.38% Sep 22, 2025 - Oct 1, 2025	-5.00% Mar 6, 2014 - Apr 24, 2014

Correlation

Correlation between XPAY and ENOR is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (2012 - 2026)

XPAY vs ENOR dividend yield comparison.

Year	XPAY	ENOR
2026	8.39%	0.00%
2025	21.21%	2.96%
2024	3.40%	6.32%
2023	0.00%	5.06%
2022	0.00%	4.02%
2021	0.00%	2.24%
2020	0.00%	2.39%
2019	0.00%	3.15%
2018	0.00%	2.79%
2017	0.00%	2.47%
2016	0.00%	2.96%
2015	0.00%	3.24%
2014	0.00%	4.52%
2013	0.00%	2.65%
2012	0.00%	2.66%