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

ATC and SCA both write options for income. GraniteShares Autocallable COIN ETF and GraniteShares Autocallable SMCI ETF.

10.8%
ATC cash paid, since launch
12.8%
SCA cash paid, since launch
+14.8%
ATC total return, since launch
+17.8%
SCA 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.

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 +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
WindowATCSCAATCSCAATCSCA
3 months+23.3%+38.2%6.2%8.0%+6.2 pts−10.4 pts
Since launch
ATC May 2026 · SCA May 2026
+14.8%+17.8%10.8%12.8%+25.0 pts+10.3 pts

ATC 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

ATC
GraniteShares Autocallable COIN ETF · Autocallable on COIN, paying monthly
SCA
GraniteShares Autocallable SMCI ETF · Autocallable on SMCI, paying monthly
Issuer GraniteShares GraniteShares
Strategy autocallable autocallable
Benchmark Coinbase (COIN) Super Micro (SMCI)
Pays monthly monthly
Payout rate, annualized 36.1% 36.6%
Expense ratio 1.07% 1.07%
Cash paid, 1 year 10.8% (since launch on May 12, 2026) 12.8% (since launch on May 27, 2026)
Price change, 1 year +1.9% +2.9%
Total return, 1 year +14.8% (since launch on May 12, 2026) +17.8% (since launch on May 27, 2026)
Benchmark return, 1 year −10.2% +7.5%
Ahead or behind +25.0 pts +10.3 pts
Return of capital, latest estimate 2% 29%
Age 141 days 126 days
Net assets $998,712 $2m

ATC and SCA 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).

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

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