Which is cheaper, AHD or DACL?

AHD charges 1.07% a year and DACL charges 0.65%, so DACL is cheaper. Fees come from each fund's prospectus.

AHD vs DACL: which paid, and which earned it?

AHD and DACL both write options for income. GraniteShares Autocallable HOOD ETF and REX Defensive Autocallable Income ETF.

10.1%

AHD cash paid, since launch

0.6%

DACL cash paid, since launch

+17.7%

AHD total return, since launch

+0.5%

DACL total return, since launch

AHD · since launch to Sep 30, 202634 pts behind HOOD

AHD

+17.7%

HOOD

+51.7%

34 pts behind HOOD

AHD since launch: paid 10.1%, price +6.9%, total +17.7%, HOOD +51.7%, −34.0 pts.

HOOD

+51.7%

AHD

+17.7%

10.1% as cash

34 pts behind HOOD

Total return, distributions reinvested

34 pts behind HOOD

AHD since launch: paid 10.1%, price +6.9%, total +17.7%, HOOD +51.7%, −34.0 pts.

HOOD

+51.7%

AHD

+17.7%

34 pts behind HOOD

10.1% of it arrived as cash. Total return, distributions reinvested. AHD since launch: paid 10.1%, price +6.9%, total +17.7%, HOOD +51.7%, −34.0 pts.

DACL · since launch to Sep 30, 20262.2 pts ahead of SPY

DACL

+0.5%

SPY

−1.7%

2.2 pts ahead of SPY

DACL since launch: paid 0.6%, price −0.1%, total +0.5%, SPY −1.7%, +2.2 pts.

SPY

−1.7%

DACL

+0.5%

2.2 pts ahead of SPY

Total return, distributions reinvested

2.2 pts ahead of SPY

DACL since launch: paid 0.6%, price −0.1%, total +0.5%, SPY −1.7%, +2.2 pts.

SPY

−1.7%

DACL

+0.5%

2.2 pts ahead of SPY

0.6% of it arrived as cash. Both charts share one scale, 0 to +51.7%. DACL since launch: paid 0.6%, price −0.1%, total +0.5%, SPY −1.7%, +2.2 pts.

Performance, window by window

	Total return		Cash paid		Against the benchmark
Window	AHD	DACL	AHD	DACL	AHD	DACL
3 months	+9.1%	not published	5.1%	not published	+5.5 pts	not published
Since launch AHD May 2026 · DACL Aug 2026	+17.7%	+0.5%	10.1%	0.6%	−34.0 pts	+2.2 pts

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

On the same fields

AHD

GraniteShares Autocallable HOOD ETF · Autocallable on HOOD, paying monthly

DACL

REX Defensive Autocallable Income ETF · Autocallable on SPY

Issuer GraniteShares REX

Strategy autocallable autocallable

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

Pays monthly not established

Payout rate, annualized 32.6% 6.6%

Expense ratio 1.07% 0.65%

Cash paid, 1 year 10.1% (since launch on May 19, 2026) 0.6% (since launch on Aug 13, 2026)

Price change, 1 year +6.9% −0.1%

Total return, 1 year +17.7% (since launch on May 19, 2026) +0.5% (since launch on Aug 13, 2026)

Benchmark return, 1 year +51.7% −1.7%

Ahead or behind −34.0 pts +2.2 pts

Return of capital, latest estimate 17% not published

Age 134 days 48 days

Net assets $3m $4m

AHD and DACL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

AHD in plain words

Over the period since launch on May 19, 2026 to Sep 30, 2026, AHD paid 10.1% of its starting value in cash distributions while its price rose 6.9%. With every distribution reinvested, the fund returned +17.7%. Robinhood (HOOD) returned +51.7% over the same days, so a holder was behind by 34.0 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 32.6%, paid monthly. GraniteShares estimates that 17% of the distribution paid Aug 14, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

DACL in plain words

Over the period since launch on Aug 13, 2026 to Sep 30, 2026, DACL paid 0.6% of its starting value in cash distributions while its price fell 0.1%. With every distribution reinvested, the fund returned +0.5%. S&P 500 (SPY), used as a default proxy returned −1.7% over the same days, so a holder was ahead by 2.2 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 6.6%, paid periodically.

Questions people ask

Which is cheaper, AHD or DACL?: AHD charges 1.07% a year and DACL charges 0.65%, so DACL is cheaper. Fees come from each fund's prospectus.

Other comparisons

AHD vs CAIQ AHD vs JANJ AHD vs JANQ AHD vs JULH DACL vs TLA DACL vs ANV DACL vs APRH DACL vs APRJ

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

Where these figures came from

AHD filings on SEC EDGAR ↗AHD prospectus with the expense ratio (SEC) ↗AHD 19a-1 distribution notice ↗GraniteShares page for AHD ↗DACL filings on SEC EDGAR ↗DACL prospectus with the expense ratio (SEC) ↗REX page for DACL ↗

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, AHD against DACL, data as of Sep 30, 2026. https://etfiq.com/compare/income/ahd-vs-dacl

Open data

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