DACL vs SCA: which paid, and which earned it?
DACL and SCA both write options for income. REX Defensive Autocallable Income ETF and GraniteShares Autocallable SMCI ETF.
2.2 pts ahead of SPY
DACL since launch: paid 0.6%, price −0.1%, total +0.5%, SPY −1.7%, +2.2 pts.
SPY
−1.7%
DACL
+0.5%
2.2 pts ahead of SPY
Total return, distributions reinvested
2.2 pts ahead of SPY
DACL since launch: paid 0.6%, price −0.1%, total +0.5%, SPY −1.7%, +2.2 pts.
SPY
−1.7%
DACL
+0.5%
2.2 pts ahead of SPY
0.6% of it arrived as cash. Total return, distributions reinvested. DACL since launch: paid 0.6%, price −0.1%, total +0.5%, SPY −1.7%, +2.2 pts.
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% 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 return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | DACL | SCA | DACL | SCA | DACL | SCA |
| 3 months | not published | +38.2% | not published | 8.0% | not published | −10.4 pts |
| Since launch DACL Aug 2026 · SCA May 2026 | +0.5% | +17.8% | 0.6% | 12.8% | +2.2 pts | +10.3 pts |
DACL 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
DACL and SCA on the same fields, as of Sep 30, 2026. Source: ETFIQ.
DACL in plain words
Over the period since launch on Aug 13, 2026 to Sep 30, 2026, DACL paid 0.6% of its starting value in cash distributions while its price fell 0.1%. With every distribution reinvested, the fund returned +0.5%. S&P 500 (SPY), used as a default proxy returned −1.7% over the same days, so a holder was ahead by 2.2 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 6.6%, paid periodically.
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
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ETFIQ, DACL against SCA, data as of Sep 30, 2026. https://etfiq.com/compare/income/dacl-vs-sca
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, DACL against SCA, data as of Sep 30, 2026. https://etfiq.com/compare/income/dacl-vs-sca Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, DACL against SCA, data as of Sep 30, 2026. https://etfiq.com/compare/income/dacl-vs-sca
- APA
- ETFIQ. (Sep 30, 2026). DACL against SCA. Retrieved from https://etfiq.com/compare/income/dacl-vs-sca
- Markdown
- [DACL against SCA (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/income/dacl-vs-sca)