Which is cheaper, ACSP or IACL?

ACSP charges 0.72% a year and IACL charges 0.55%, so IACL is cheaper. Fees come from each fund's prospectus.

ACSP vs IACL: which paid, and which earned it?

ACSP and IACL both write options for income. ProShares S&P 500 Autocallable Income ETF and GraniteShares US 100 Autocallable Income ETF.

0.0%

ACSP cash paid, since launch

0.4%

IACL cash paid, since launch

−3.9%

ACSP total return, since launch

+1.1%

IACL total return, since launch

ACSP · since launch to Sep 30, 20262.4 pts behind SPY

ACSP

−3.9%

SPY

−1.5%

2.4 pts behind SPY

ACSP since launch: paid 0.0%, price −3.9%, total −3.9%, SPY −1.5%, −2.4 pts.

SPY

−1.5%

ACSP

−3.9%

2.4 pts behind SPY

Total return, distributions reinvested

2.4 pts behind SPY

ACSP since launch: paid 0.0%, price −3.9%, total −3.9%, SPY −1.5%, −2.4 pts.

SPY

−1.5%

ACSP

−3.9%

2.4 pts behind SPY

0.0% of it arrived as cash. Total return, distributions reinvested. ACSP since launch: paid 0.0%, price −3.9%, total −3.9%, SPY −1.5%, −2.4 pts.

IACL · since launch to Sep 30, 20261.4 pts ahead of SPY

IACL

+1.1%

SPY

−0.4%

1.4 pts ahead of SPY

IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 pts.

SPY

−0.4%

IACL

+1.1%

1.4 pts ahead of SPY

Total return, distributions reinvested

1.4 pts ahead of SPY

IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 pts.

SPY

−0.4%

IACL

+1.1%

1.4 pts ahead of SPY

0.4% of it arrived as cash. Both charts share one scale, 0 to +1.1%. IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 pts.

Performance, window by window

	Total return		Cash paid		Against the benchmark
Window	ACSP	IACL	ACSP	IACL	ACSP	IACL
Since launch ACSP Aug 2026 · IACL Aug 2026	−3.9%	+1.1%	0.0%	0.4%	−2.4 pts	+1.4 pts

ACSP and IACL over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

ACSP

ProShares S&P 500 Autocallable Income ETF · Autocallable on SPY

IACL

GraniteShares US 100 Autocallable Income ETF · Autocallable on SPY

Issuer ProShares GraniteShares

Strategy autocallable autocallable

Benchmark S&P 500 (SPY) S&P 500 (SPY), used as a default proxy

Pays not established not established

Payout rate, annualized not published 5.0%

Expense ratio 0.72% 0.55%

Cash paid, 1 year 0.0% (since launch on Aug 14, 2026) 0.4% (since launch on Aug 18, 2026)

Price change, 1 year −3.9% +0.7%

Total return, 1 year −3.9% (since launch on Aug 14, 2026) +1.1% (since launch on Aug 18, 2026)

Benchmark return, 1 year −1.5% −0.4%

Ahead or behind −2.4 pts +1.4 pts

Return of capital, latest estimate not published 99%

Age 47 days 43 days

Net assets $27m $3m

ACSP and IACL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

ACSP in plain words

Over the period since launch on Aug 14, 2026 to Sep 30, 2026, ACSP paid 0.0% of its starting value in cash distributions while its price fell 3.9%. With every distribution reinvested, the fund returned −3.9%. S&P 500 (SPY) returned −1.5% over the same days, so a holder was behind by 2.4 pts.

IACL in plain words

Over the period since launch on Aug 18, 2026 to Sep 30, 2026, IACL paid 0.4% of its starting value in cash distributions while its price rose 0.7%. With every distribution reinvested, the fund returned +1.1%. S&P 500 (SPY), used as a default proxy returned −0.4% over the same days, so a holder was ahead by 1.4 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 5.0%, paid periodically. GraniteShares estimates that 99% 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

Which is cheaper, ACSP or IACL?: ACSP charges 0.72% a year and IACL charges 0.55%, so IACL is cheaper. Fees come from each fund's prospectus.

Other comparisons

ACSP vs QRMI ACSP vs QUSA ACSP vs QVOL ACSP vs QYLD IACL vs APRH IACL vs APRJ IACL vs CAIQ IACL vs JANH

S&P 500 (SPY) →ACSP on its own →IACL on its own →How every figure is computed →Standards and sources →

Where these figures came from

ACSP filings on SEC EDGAR ↗ACSP prospectus with the expense ratio (SEC) ↗ProShares page for ACSP ↗IACL filings on SEC EDGAR ↗IACL prospectus with the expense ratio (SEC) ↗IACL 19a-1 distribution notice ↗GraniteShares page for IACL ↗

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.

Cite this page

ETFIQ, ACSP against IACL, data as of Sep 30, 2026. https://etfiq.com/compare/income/acsp-vs-iacl

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.