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

ANV and SCA both write options for income. GraniteShares Autocallable NVDA ETF and GraniteShares Autocallable SMCI ETF.

9.5%
ANV cash paid, since launch
12.8%
SCA cash paid, since launch
+13.2%
ANV total return, since launch
+17.8%
SCA 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.

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% 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%

10.3 pts ahead of SMCI

12.8% of it arrived as cash. Both charts share one scale, 0 to +26.9%. 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
WindowANVSCAANVSCAANVSCA
3 months+5.3%+38.2%2.5%8.0%−10.4 pts−10.4 pts
6 months+11.1%not published6.8%not published−19.2 ptsnot published
Since launch
ANV Feb 2026 · SCA May 2026
+13.2%+17.8%9.5%12.8%−13.8 pts+10.3 pts

ANV 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

ANV
GraniteShares Autocallable NVDA ETF · Autocallable on NVDA, paying monthly
SCA
GraniteShares Autocallable SMCI ETF · Autocallable on SMCI, paying monthly
Issuer GraniteShares GraniteShares
Strategy autocallable autocallable
Benchmark NVIDIA (NVDA) Super Micro (SMCI)
Pays monthly monthly
Payout rate, annualized 13.9% 36.6%
Expense ratio 1.07% 1.07%
Cash paid, 1 year 9.5% (since launch on Feb 3, 2026) 12.8% (since launch on May 27, 2026)
Price change, 1 year +3.0% +2.9%
Total return, 1 year +13.2% (since launch on Feb 3, 2026) +17.8% (since launch on May 27, 2026)
Benchmark return, 1 year +26.9% +7.5%
Ahead or behind −13.8 pts +10.3 pts
Return of capital, latest estimate 5% 29%
Age 239 days 126 days
Net assets $7m $2m

ANV and SCA 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).

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

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