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

APRH and SCA both write options for income. Innovator Premium Income 20 Barrier ETF -- April and GraniteShares Autocallable SMCI ETF.

6.4%
APRH cash paid, 1 year
12.8%
SCA cash paid, since launch
+6.7%
APRH total return, 1 year
+17.8%
SCA total return, since launch
APRH · 1 year to Sep 30, 20269.1 pts behind SPY
APRH
+6.7%
SPY
+15.7%

9.1 pts behind SPY

APRH over 1 year: paid 6.4%, price +0.1%, total +6.7%, SPY +15.7%, −9.1 pts.

SPY

+15.7%

APRH

+6.7%

6.4% of it arrived as cash

9.1 pts behind SPY

Total return, distributions reinvested

9.1 pts behind SPY

APRH over 1 year: paid 6.4%, price +0.1%, total +6.7%, SPY +15.7%, −9.1 pts.

SPY

+15.7%

APRH

+6.7%

9.1 pts behind SPY

6.4% of it arrived as cash. Total return, distributions reinvested. APRH over 1 year: paid 6.4%, price +0.1%, total +6.7%, SPY +15.7%, −9.1 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%

12.8% as cash

10.3 pts ahead of SMCI

12.8% of it arrived as cash. Both charts share one scale, 0 to +17.8%. 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
WindowAPRHSCAAPRHSCAAPRHSCA
3 months+1.4%+38.2%2.1%8.0%−1.1 pts−10.4 pts
6 months+5.2%not published4.3%not published−11.8 ptsnot published
1 year+6.7%not published6.4%not published−9.1 ptsnot published
3 years+23.3%not published20.3%not published−61.7 ptsnot published
Since launch
APRH Apr 2023 · SCA May 2026
+28.7%+17.8%24.3%12.8%−65.1 pts+10.3 pts

APRH 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

APRH
Innovator Premium Income 20 Barrier ETF -- April · Defined income on SPY, paying quarterly
SCA
GraniteShares Autocallable SMCI ETF · Autocallable on SMCI, paying monthly
Issuer Innovator GraniteShares
Strategy defined income autocallable
Benchmark S&P 500 (SPY) Super Micro (SMCI)
Pays quarterly monthly
Payout rate, annualized 8.4% 36.6%
Expense ratio 0.79% 1.07%
Cash paid, 1 year 6.4% 12.8% (since launch on May 27, 2026)
Price change, 1 year +0.1% +2.9%
Total return, 1 year +6.7% +17.8% (since launch on May 27, 2026)
Benchmark return, 1 year +15.7% +7.5%
Ahead or behind −9.1 pts +10.3 pts
Return of capital, latest estimate not published 29%
Age 1276 days 126 days
Net assets $25m $2m

APRH and SCA on the same fields, as of Sep 30, 2026. Source: ETFIQ.

APRH in plain words

Over the year to Sep 30, 2026, APRH paid 6.4% of its starting value in cash distributions while its price rose 0.1%. With every distribution reinvested, the fund returned +6.7%. S&P 500 (SPY) returned +15.7% over the same days, so a holder was behind by 9.1 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 8.4%, paid quarterly.

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, APRH or SCA?
APRH charges 0.79% a year and SCA charges 1.07%, so APRH is cheaper. Fees come from each fund's prospectus.
Cite this page

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