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

AHD and SCA both write options for income. GraniteShares Autocallable HOOD ETF and GraniteShares Autocallable SMCI ETF.

10.1%
AHD cash paid, since launch
12.8%
SCA cash paid, since launch
+17.7%
AHD total return, since launch
+17.8%
SCA 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.

SCA · since launch to Sep 30, 202610.3 pts ahead of SMCI
SCA
+17.8%
SMCI
+7.5%

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

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%

10.3 pts ahead of SMCI

12.8% of it arrived as cash. Both charts share one scale, 0 to +51.7%. SCA since launch: paid 12.8%, price +2.9%, total +17.8%, SMCI +7.5%, +10.3 pts.

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowAHDSCAAHDSCAAHDSCA
3 months+9.1%+38.2%5.1%8.0%+5.5 pts−10.4 pts
Since launch
AHD May 2026 · SCA May 2026
+17.7%+17.8%10.1%12.8%−34.0 pts+10.3 pts

AHD 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

AHD
GraniteShares Autocallable HOOD ETF · Autocallable on HOOD, paying monthly
SCA
GraniteShares Autocallable SMCI ETF · Autocallable on SMCI, paying monthly
Issuer GraniteShares GraniteShares
Strategy autocallable autocallable
Benchmark Robinhood (HOOD) Super Micro (SMCI)
Pays monthly monthly
Payout rate, annualized 32.6% 36.6%
Expense ratio 1.07% 1.07%
Cash paid, 1 year 10.1% (since launch on May 19, 2026) 12.8% (since launch on May 27, 2026)
Price change, 1 year +6.9% +2.9%
Total return, 1 year +17.7% (since launch on May 19, 2026) +17.8% (since launch on May 27, 2026)
Benchmark return, 1 year +51.7% +7.5%
Ahead or behind −34.0 pts +10.3 pts
Return of capital, latest estimate 17% 29%
Age 134 days 126 days
Net assets $3m $2m

AHD and SCA 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).

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

Which is cheaper, AHD or SCA?
AHD charges 1.07% a year and SCA charges 1.07%, so AHD is cheaper. Fees come from each fund's prospectus.
Cite this page

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

Open data

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