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

ANV and IACL both write options for income. GraniteShares Autocallable NVDA ETF and GraniteShares US 100 Autocallable Income ETF.

9.5%
ANV cash paid, since launch
0.4%
IACL cash paid, since launch
+13.2%
ANV total return, since launch
+1.1%
IACL total return, since launch
ANV · since launch to Sep 30, 202613.8 pts behind NVDA
ANV
+13.2%
NVDA
+26.9%

13.8 pts behind NVDA

ANV since launch: paid 9.5%, price +3.0%, total +13.2%, NVDA +26.9%, −13.8 pts.

NVDA

+26.9%

ANV

+13.2%

9.5% of it arrived as cash

13.8 pts behind NVDA

Total return, distributions reinvested

13.8 pts behind NVDA

ANV since launch: paid 9.5%, price +3.0%, total +13.2%, NVDA +26.9%, −13.8 pts.

NVDA

+26.9%

ANV

+13.2%

13.8 pts behind NVDA

9.5% of it arrived as cash. Total return, distributions reinvested. ANV since launch: paid 9.5%, price +3.0%, total +13.2%, NVDA +26.9%, −13.8 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 +26.9%. IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 pts.

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowANVIACLANVIACLANVIACL
3 months+5.3%not published2.5%not published−10.4 ptsnot published
6 months+11.1%not published6.8%not published−19.2 ptsnot published
Since launch
ANV Feb 2026 · IACL Aug 2026
+13.2%+1.1%9.5%0.4%−13.8 pts+1.4 pts

ANV 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

ANV
GraniteShares Autocallable NVDA ETF · Autocallable on NVDA, paying monthly
IACL
GraniteShares US 100 Autocallable Income ETF · Autocallable on SPY
Issuer GraniteShares GraniteShares
Strategy autocallable autocallable
Benchmark NVIDIA (NVDA) S&P 500 (SPY), used as a default proxy
Pays monthly not established
Payout rate, annualized 13.9% 5.0%
Expense ratio 1.07% 0.55%
Cash paid, 1 year 9.5% (since launch on Feb 3, 2026) 0.4% (since launch on Aug 18, 2026)
Price change, 1 year +3.0% +0.7%
Total return, 1 year +13.2% (since launch on Feb 3, 2026) +1.1% (since launch on Aug 18, 2026)
Benchmark return, 1 year +26.9% −0.4%
Ahead or behind −13.8 pts +1.4 pts
Return of capital, latest estimate 5% 99%
Age 239 days 43 days
Net assets $7m $3m

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

ANV in plain words

Over the period since launch on Feb 3, 2026 to Sep 30, 2026, ANV paid 9.5% of its starting value in cash distributions while its price rose 3.0%. With every distribution reinvested, the fund returned +13.2%. NVIDIA (NVDA) returned +26.9% over the same days, so a holder was behind by 13.8 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 13.9%, paid monthly. GraniteShares estimates that 5% 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).

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, ANV or IACL?
ANV charges 1.07% a year and IACL charges 0.55%, so IACL is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, ANV against IACL, data as of Sep 30, 2026. https://etfiq.com/compare/income/anv-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.