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

ATC and IACL both write options for income. GraniteShares Autocallable COIN ETF and GraniteShares US 100 Autocallable Income ETF.

10.8%
ATC cash paid, since launch
0.4%
IACL cash paid, since launch
+14.8%
ATC total return, since launch
+1.1%
IACL total return, since launch
ATC · since launch to Sep 30, 202625 pts ahead of COIN
ATC
+14.8%
COIN
−10.2%

25 pts ahead of COIN

ATC since launch: paid 10.8%, price +1.9%, total +14.8%, COIN −10.2%, +25.0 pts.

COIN

−10.2%

ATC

+14.8%

10.8% of it arrived as cash

25 pts ahead of COIN

Total return, distributions reinvested

25 pts ahead of COIN

ATC since launch: paid 10.8%, price +1.9%, total +14.8%, COIN −10.2%, +25.0 pts.

COIN

−10.2%

ATC

+14.8%

25 pts ahead of COIN

10.8% of it arrived as cash. Total return, distributions reinvested. ATC since launch: paid 10.8%, price +1.9%, total +14.8%, COIN −10.2%, +25.0 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 +14.8%. 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
WindowATCIACLATCIACLATCIACL
3 months+23.3%not published6.2%not published+6.2 ptsnot published
Since launch
ATC May 2026 · IACL Aug 2026
+14.8%+1.1%10.8%0.4%+25.0 pts+1.4 pts

ATC 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

ATC
GraniteShares Autocallable COIN ETF · Autocallable on COIN, paying monthly
IACL
GraniteShares US 100 Autocallable Income ETF · Autocallable on SPY
Issuer GraniteShares GraniteShares
Strategy autocallable autocallable
Benchmark Coinbase (COIN) S&P 500 (SPY), used as a default proxy
Pays monthly not established
Payout rate, annualized 36.1% 5.0%
Expense ratio 1.07% 0.55%
Cash paid, 1 year 10.8% (since launch on May 12, 2026) 0.4% (since launch on Aug 18, 2026)
Price change, 1 year +1.9% +0.7%
Total return, 1 year +14.8% (since launch on May 12, 2026) +1.1% (since launch on Aug 18, 2026)
Benchmark return, 1 year −10.2% −0.4%
Ahead or behind +25.0 pts +1.4 pts
Return of capital, latest estimate 2% 99%
Age 141 days 43 days
Net assets $998,712 $3m

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

ATC in plain words

Over the period since launch on May 12, 2026 to Sep 30, 2026, ATC paid 10.8% of its starting value in cash distributions while its price rose 1.9%. With every distribution reinvested, the fund returned +14.8%. Coinbase (COIN) returned −10.2% over the same days, so a holder was ahead by 25.0 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 36.1%, paid monthly. GraniteShares estimates that 2% 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).

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, ATC or IACL?
ATC 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, ATC against IACL, data as of Sep 30, 2026. https://etfiq.com/compare/income/atc-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.