Data as of .
DDDD vs SEPI: which paid, and which earned it?
DDDD and SEPI both write options for income.
What they hold in common
By the books each fund has filed, DDDD and SEPI hold 5% of their money in the same securities at the same weight.
| Holding | DDDD | SEPI |
|---|---|---|
| Merck & Co Inc | 4.93% | 2.67% |
| Procter & Gamble Co/The | 4.01% | 0.83% |
| Verizon Communications Inc | 3.96% | 0.81% |
| United Parcel Service Inc | 1.88% | 0.61% |
| Only in DDDD | Only in SEPI |
|---|---|
| Abbott Laboratories 4.53% | ADVANCED MICRO DEVICES INC 7.54% |
| Amgen Inc 4.38% | CATERPILLAR INC 7.20% |
| Coca-Cola Co/The 4.30% | MICRON TECHNOLOGY INC 6.53% |
| Chevron Corp 4.25% | APPLE INC 5.24% |
| ConocoPhillips 4.07% | ALPHABET INC 4.68% |
| UnitedHealth Group Inc 3.84% | NVIDIA CORP 4.04% |
| Home Depot Inc/The 3.68% | GOLDMAN SACHS GROUP INC (THE) 3.91% |
| PepsiCo Inc 3.50% | MICROSOFT CORP 3.42% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| DDDD | SEPI | DDDD | SEPI | DDDD | SEPI | |
| 3 months | +4.9% | +5.4% | 1.6% | 2.1% | +2.6 pts | +3.2 pts |
| 6 months | +10.5% | +20.5% | 1.7% | 4.7% | −7.6 pts | +2.5 pts |
| 1 year | not published | +21.8% | not published | 7.5% | not published | +5.2 pts |
| Since launch | +8.7% | +24.4% | 1.6% | 7.7% | −6.5 pts | +5.4 pts |
| DDDD YieldMax(R) U.S. Stocks Target Double Distribution ETF Synthetic covered call on SPY | SEPI Shelton Equity Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | YieldMax | Shelton |
| Strategy | synthetic covered call | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | not established | monthly |
| Payout rate, annualized | 18.4% | 8.3% |
| Expense ratio | 1.01% | 0.54% |
| Cash paid, 1 year | 1.6% (since launch on Mar 12, 2026) | 7.5% |
| Price change, 1 year | +7.0% | +13.4% |
| Total return, 1 year | +8.7% (since launch on Mar 12, 2026) | +21.8% |
| Benchmark return, 1 year | +15.3% | +16.6% |
| Ahead or behind | −6.5 pts | +5.2 pts |
| Return of capital, latest estimate | 67% | not published |
| Age | 190 days | 375 days |
| Net assets | $7m | $152m |
DDDD in plain words
Over the period since launch on Mar 12, 2026 to Sep 18, 2026, DDDD paid 1.6% of its starting value in cash distributions while its price rose 7.0%. With every distribution reinvested, the fund returned +8.7%. S&P 500 (SPY) returned +15.3% over the same days, so a holder was behind by 6.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 18.4%, paid periodically. YieldMax estimates that 67% of the distribution paid Jul 6, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
SEPI in plain words
Over the year to Sep 18, 2026, SEPI paid 7.5% of its starting value in cash distributions while its price rose 13.4%. With every distribution reinvested, the fund returned +21.8%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 5.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.3%, paid monthly.
Questions people ask
- Which is cheaper, DDDD or SEPI?
- DDDD charges 1.01% a year and SEPI charges 0.54%, so SEPI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, DDDD against SEPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/dddd-vs-sepi Free to use with attribution; the underlying files are at Open data.