ACII vs SCA: which paid, and which earned it?
ACII and SCA both write options for income. Innovator Index Autocallable Income Strategy ETF and GraniteShares Autocallable SMCI ETF.
About even with SPY
ACII since launch: paid 3.8%, price −2.3%, total +1.6%, SPY +1.6%, +0.1 pts.
SPY
+1.6%
ACII
+1.6%
about even with SPY
Total return, distributions reinvested
About even with SPY
ACII since launch: paid 3.8%, price −2.3%, total +1.6%, SPY +1.6%, +0.1 pts.
SPY
+1.6%
ACII
+1.6%
about even with SPY
3.8% of it arrived as cash. Total return, distributions reinvested. ACII since launch: paid 3.8%, price −2.3%, total +1.6%, SPY +1.6%, +0.1 pts.
10.3 pts ahead of SMCI
SCA since launch: paid 12.8%, price +2.9%, total +17.8%, SMCI +7.5%, +10.3 pts.
SMCI
+7.5%
SCA
+17.8%
12.8% of it arrived as cash
10.3 pts ahead of SMCI
Total return, distributions reinvested
10.3 pts ahead of SMCI
SCA since launch: paid 12.8%, price +2.9%, total +17.8%, SMCI +7.5%, +10.3 pts.
SMCI
+7.5%
SCA
+17.8%
12.8% as cash
10.3 pts ahead of SMCI
12.8% of it arrived as cash. Both charts share one scale, 0 to +17.8%. SCA since launch: paid 12.8%, price +2.9%, total +17.8%, SMCI +7.5%, +10.3 pts.
Performance, window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | ACII | SCA | ACII | SCA | ACII | SCA |
| 3 months | +1.7% | +38.2% | 2.4% | 8.0% | −0.8 pts | −10.4 pts |
| Since launch ACII May 2026 · SCA May 2026 | +1.6% | +17.8% | 3.8% | 12.8% | +0.1 pts | +10.3 pts |
ACII and SCA over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
ACII and SCA on the same fields, as of Sep 30, 2026. Source: ETFIQ.
ACII in plain words
Over the period since launch on May 28, 2026 to Sep 30, 2026, ACII paid 3.8% of its starting value in cash distributions while its price fell 2.3%. With every distribution reinvested, the fund returned +1.6%. S&P 500 (SPY), used as a default proxy returned +1.6% over the same days, so a holder was about even. At its price on Sep 30, 2026 the latest distribution annualizes to 9.8%, paid monthly.
SCA in plain words
Over the period since launch on May 27, 2026 to Sep 30, 2026, SCA paid 12.8% of its starting value in cash distributions while its price rose 2.9%. With every distribution reinvested, the fund returned +17.8%. Super Micro (SMCI) returned +7.5% over the same days, so a holder was ahead by 10.3 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 36.6%, paid monthly. GraniteShares estimates that 29% of the distribution paid Sep 11, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, ACII against SCA, data as of Sep 30, 2026. https://etfiq.com/compare/income/acii-vs-sca
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, ACII against SCA, data as of Sep 30, 2026. https://etfiq.com/compare/income/acii-vs-sca Free to use with attribution; the underlying files are at Open data.
Other forms
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- ETFIQ, ACII against SCA, data as of Sep 30, 2026. https://etfiq.com/compare/income/acii-vs-sca
- APA
- ETFIQ. (Sep 30, 2026). ACII against SCA. Retrieved from https://etfiq.com/compare/income/acii-vs-sca
- Markdown
- [ACII against SCA (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/income/acii-vs-sca)