Which paid more, FDND or SEPI?

Over the year to Nov 4, 2026, FDND paid 7.3% of its starting price in cash and SEPI paid 8.9%, so SEPI paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, FDND or SEPI?

With every distribution reinvested, FDND returned −2.6% and SEPI +17.9% over the year to Nov 4, 2026.

Which is cheaper, FDND or SEPI?

FDND charges 0.75% a year and SEPI charges 0.54%, so SEPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

FDND vs SEPI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, SEPI paid 8.9% of its price in cash against FDND’s 7.3%, and returned more with it reinvested.

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Net assets: $9.3m on Nov 3, 2026 for FT Vest Dow Jones Internet & Target Income ETF, and $152m on Jun 30, 2026 for Shelton Equity Premium Income ETF.

FDND on its own →SEPI on its own →

At a glance

7.3%

FDND cash paid, 1 year

8.9%

SEPI cash paid, 1 year

−2.6%

FDND total return, 1 year

+17.9%

SEPI total return, 1 year

FDND · 1 year to Nov 4, 2026 1 pt behind FDN

FDND

−2.6%

FDN

−1.6%

1 pt behind FDN

FDND over 1 year: paid 7.3%, price −10.1%, total −2.6%, FDN −1.6%, −1.0 pts. Data to Nov 4, 2026.

FDN

−1.6%

FDND

−2.6%

1 pt behind FDN

Total return, distributions reinvested

1 pt behind FDN

FDND over 1 year: paid 7.3%, price −10.1%, total −2.6%, FDN −1.6%, −1.0 pts. Data to Nov 4, 2026.

FDN

−1.6%

FDND

−2.6%

1 pt behind FDN

7.3% of it arrived as cash. Total return, distributions reinvested. FDND over 1 year: paid 7.3%, price −10.1%, total −2.6%, FDN −1.6%, −1.0 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

SEPI · 1 year to Nov 4, 2026 3.1 pts ahead of SPY

SEPI

+17.9%

SPY

+14.8%

3.1 pts ahead of SPY

SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SEPI

+17.9%

8.9% of it arrived as cash

3.1 pts ahead of SPY

Total return, distributions reinvested

3.1 pts ahead of SPY

SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SEPI

+17.9%

3.1 pts ahead of SPY

8.9% of it arrived as cash. Both charts share one scale, with zero at the line. SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

SEPI costs 0.21 points a year less; their one-year returns differ by 20.5 points.

Points (pts) are percentage points.

FDND vs SEPI: Dividend Yield & Total Return
Measure	FDND	SEPI
Paid and earned
Measure	FDND	SEPI
Total return, 1 year	−2.6%	+17.9%
Price change, 1 year	fell 10.1%	rose 8.3%
Against its benchmark
Measure	FDND	SEPI
Benchmark	First Trust Dow Jones Internet Index Fund, measured through FDN	S&P 500, measured through SPY
Against its benchmark, same days	behind by 1.0 pts	ahead by 3.1 pts
Cost and size
Measure	FDND	SEPI
Expense ratio	0.75%	0.54%
Net assets, FDND as of Nov 3, 2026 and SEPI as of Jun 30, 2026	$9.3m	$152m
Holdings
Measure	FDND	SEPI
Holdings in common	18%

ETFIQ Distribution Coverage Score · SEPI scores higher How much of what it paid out did its total return cover?

IQ Income Score12.3FDND85.9SEPI

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

FDND 12.3

SEPI 85.9

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

18%

By the books each fund has filed, FDND and SEPI hold 18% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

18% in common

Positions both hold · largest shared weight first FDND SEPI

Alphabet Inc. (Class A) 5.05% 4.86%

Amazon.com, Inc. 10.68% 3.50%

Meta Platforms, Inc. (Class A) 10.21% 2.90%

Arista Networks, Inc. 4.26% 2.27%

eBay Inc. 1.73% 2.57%

Netflix, Inc. 5.64% 1.26%

Salesforce, Inc. 4.40% 1.10%

Akamai Technologies, Inc. 0.46% 1.87%

Only in one fund ↓

Only in FDND

Cisco Systems, Inc. 8.81%

Booking Holdings Inc. 4.29%

Alphabet Inc. (Class C) 4.06%

Oracle Corporation 3.78%

Snowflake Inc. (Class A) 3.75%

Cloudflare, Inc. (Class A) 3.23%

Datadog, Inc. (Class A) 2.72%

Airbnb, Inc. (Class A) 2.57%

Only in SEPI

ADVANCED MICRO DEVICES INC 7.84%

CATERPILLAR INC 7.49%

MICRON TECHNOLOGY INC 6.79%

APPLE INC 5.45%

NVIDIA CORP 4.20%

GOLDMAN SACHS GROUP INC (THE) 4.07%

MICROSOFT CORP 3.55%

JOHNSON & JOHNSON 3.44%

Check overlap with more funds →

Side by side

FDND FT Vest Dow Jones Internet & Target Income ETF · Writes calls on the Nasdaq-100, measured against the Dow Jones Internet Composite Index, paying monthly SEPI Shelton Equity Premium Income ETF · Covered call on SPY, paying monthly

Issuer First Trust Shelton

Strategy option income covered call

Benchmark First Trust Dow Jones Internet Index Fund (FDN) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 8.2% 8.5%

Expense ratio 0.75% 0.54%

Cash paid, 1 year 7.3% 8.9%

Price change, 1 year −10.1% +8.3%

Total return, 1 year −2.6% +17.9%

Benchmark return, 1 year −1.6% +14.8%

Ahead or behind −1.0 pts +3.1 pts

Return of capital, latest estimate 100% 99%

Age 2.6 years 1.2 years

Net assets, FDND as of Nov 3, 2026 and SEPI as of Jun 30, 2026 $9.3m $152m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: FDND vs SEPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FDND	SEPI	FDND	SEPI	FDND	SEPI
3 months	−4.7%	−0.1%	2.0%	2.1%	+0.5 pts	0.0 pts
6 months	+2.2%	+6.8%	4.0%	4.4%	0.0 pts	+1.8 pts
1 year	−2.6%	+17.9%	7.3%	8.9%	−1.0 pts	+3.1 pts
Since launchNot the same days: FDND Mar 2024 · SEPI Sep 2025	+27.3%	+23.5%	21.9%	10.0%	−4.9 pts	+3.7 pts

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Alert

About each fund

FDND

Over the year to Nov 4, 2026, FDND paid 7.3% of its starting value in cash distributions while its price fell 10.1%. With every distribution reinvested, the fund returned −2.6%. First Trust Dow Jones Internet Index Fund (FDN) returned −1.6% over the same days, so a holder was behind by 1.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.2%, paid monthly. First Trust estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

SEPI

Over the year to Nov 4, 2026, SEPI paid 8.9% of its starting value in cash distributions while its price rose 8.3%. With every distribution reinvested, the fund returned +17.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 3.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.5%, paid monthly. Shelton estimates that 99% of the distribution paid Sep 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, FDND or SEPI?: Over the year to Nov 4, 2026, FDND paid 7.3% of its starting price in cash and SEPI paid 8.9%, so SEPI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, FDND or SEPI?: With every distribution reinvested, FDND returned −2.6% and SEPI +17.9% over the year to Nov 4, 2026.
Which is cheaper, FDND or SEPI?: FDND charges 0.75% a year and SEPI charges 0.54%, so SEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

FDND vs XSPI FDND vs JOYT FDND vs XYLG FDND vs ROCY SEPI vs ULTY SEPI vs SIXH SEPI vs YYY SEPI vs SDVD

Where to next

First Trust Dow Jones Internet Index Fund (FDN) →S&P 500 (SPY) →FDND on its own →SEPI on its own →FDND dividend history →FDND holdings →SEPI dividend history →SEPI holdings →Method →Standards and sources →

Sources and dates

FDND filings on SEC EDGAR ↗

FDND prospectus with the expense ratio (SEC) ↗

FDND 19a-1 distribution notice ↗

First Trust page for FDND ↗

SEPI filings on SEC EDGAR ↗

SEPI prospectus with the expense ratio (SEC) ↗

SEPI 19a-1 distribution notice ↗

Shelton website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, FDND against SEPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/fdnd-vs-sepi

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