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

ATCL and SCA both write options for income. REX Autocallable Income ETF and GraniteShares Autocallable SMCI ETF.

7.9%
ATCL cash paid, since launch
12.8%
SCA cash paid, since launch
+5.0%
ATCL total return, since launch
+17.8%
SCA total return, since launch
ATCL · since launch to Sep 30, 20267 pts behind SPY
ATCL
+5.0%
SPY
+12.0%

7 pts behind SPY

ATCL since launch: paid 7.9%, price −3.0%, total +5.0%, SPY +12.0%, −7.0 pts.

SPY

+12.0%

ATCL

+5.0%

7.9% as cash

7 pts behind SPY

Total return, distributions reinvested

7 pts behind SPY

ATCL since launch: paid 7.9%, price −3.0%, total +5.0%, SPY +12.0%, −7.0 pts.

SPY

+12.0%

ATCL

+5.0%

7 pts behind SPY

7.9% of it arrived as cash. Total return, distributions reinvested. ATCL since launch: paid 7.9%, price −3.0%, total +5.0%, SPY +12.0%, −7.0 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%

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
WindowATCLSCAATCLSCAATCLSCA
3 months+1.4%+38.2%3.4%8.0%−1.1 pts−10.4 pts
6 months+7.5%not published7.0%not published−9.5 ptsnot published
Since launch
ATCL Feb 2026 · SCA May 2026
+5.0%+17.8%7.9%12.8%−7.0 pts+10.3 pts

ATCL 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

ATCL
REX Autocallable Income ETF · Autocallable on SPY, paying monthly
SCA
GraniteShares Autocallable SMCI ETF · Autocallable on SMCI, paying monthly
Issuer REX GraniteShares
Strategy autocallable autocallable
Benchmark S&P 500 (SPY), used as a default proxy Super Micro (SMCI)
Pays monthly monthly
Payout rate, annualized 13.7% 36.6%
Expense ratio 0.65% 1.07%
Cash paid, 1 year 7.9% (since launch on Feb 18, 2026) 12.8% (since launch on May 27, 2026)
Price change, 1 year −3.0% +2.9%
Total return, 1 year +5.0% (since launch on Feb 18, 2026) +17.8% (since launch on May 27, 2026)
Benchmark return, 1 year +12.0% +7.5%
Ahead or behind −7.0 pts +10.3 pts
Return of capital, latest estimate 77% 29%
Age 224 days 126 days
Net assets $48m $2m

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

ATCL in plain words

Over the period since launch on Feb 18, 2026 to Sep 30, 2026, ATCL paid 7.9% of its starting value in cash distributions while its price fell 3.0%. With every distribution reinvested, the fund returned +5.0%. S&P 500 (SPY), used as a default proxy returned +12.0% over the same days, so a holder was behind by 7.0 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 13.7%, paid monthly. REX estimates that 77% of the distribution paid Aug 19, 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, ATCL or SCA?
ATCL charges 0.65% a year and SCA charges 1.07%, so ATCL is cheaper. Fees come from each fund's prospectus.
Cite this page

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