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

APRJ and SCA both write options for income. Innovator Premium Income 30 Barrier ETF - April and GraniteShares Autocallable SMCI ETF.

6.2%
APRJ cash paid, 1 year
12.8%
SCA cash paid, since launch
+6.1%
APRJ total return, 1 year
+17.8%
SCA total return, since launch
APRJ · 1 year to Sep 30, 20269.6 pts behind SPY
APRJ
+6.1%
SPY
+15.7%

9.6 pts behind SPY

APRJ over 1 year: paid 6.2%, price −0.2%, total +6.1%, SPY +15.7%, −9.6 pts.

SPY

+15.7%

APRJ

+6.1%

6.2% of it arrived as cash

9.6 pts behind SPY

Total return, distributions reinvested

9.6 pts behind SPY

APRJ over 1 year: paid 6.2%, price −0.2%, total +6.1%, SPY +15.7%, −9.6 pts.

SPY

+15.7%

APRJ

+6.1%

9.6 pts behind SPY

6.2% of it arrived as cash. Total return, distributions reinvested. APRJ over 1 year: paid 6.2%, price −0.2%, total +6.1%, SPY +15.7%, −9.6 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
WindowAPRJSCAAPRJSCAAPRJSCA
3 months+1.1%+38.2%1.7%8.0%−1.4 pts−10.4 pts
6 months+3.9%not published3.5%not published−13.1 ptsnot published
1 year+6.1%not published6.2%not published−9.6 ptsnot published
3 years+19.5%not published17.8%not published−65.5 ptsnot published
Since launch
APRJ Apr 2023 · SCA May 2026
+23.8%+17.8%21.1%12.8%−70.0 pts+10.3 pts

APRJ 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

APRJ
Innovator Premium Income 30 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 6.9% 36.6%
Expense ratio 0.79% 1.07%
Cash paid, 1 year 6.2% 12.8% (since launch on May 27, 2026)
Price change, 1 year −0.2% +2.9%
Total return, 1 year +6.1% +17.8% (since launch on May 27, 2026)
Benchmark return, 1 year +15.7% +7.5%
Ahead or behind −9.6 pts +10.3 pts
Return of capital, latest estimate not published 29%
Age 1276 days 126 days
Net assets $28m $2m

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

APRJ in plain words

Over the year to Sep 30, 2026, APRJ paid 6.2% of its starting value in cash distributions while its price fell 0.2%. With every distribution reinvested, the fund returned +6.1%. S&P 500 (SPY) returned +15.7% over the same days, so a holder was behind by 9.6 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 6.9%, 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, APRJ or SCA?
APRJ charges 0.79% a year and SCA charges 1.07%, so APRJ is cheaper. Fees come from each fund's prospectus.
Cite this page

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