Data as of .
FGSI vs PCOV: which paid, and which earned it?
FGSI and PCOV both write options for income.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| FGSI | PCOV | FGSI | PCOV | FGSI | PCOV | |
| 3 months | +2.4% | not published | 2.1% | not published | +0.2 pts | not published |
| 6 months | +10.0% | not published | 4.4% | not published | −8.0 pts | not published |
| 1 year | +5.3% | not published | 8.1% | not published | −11.3 pts | not published |
| Since launch | +11.9% | −3.7% | 9.8% | 0.0% | −14.3 pts | −3.0 pts |
| FGSI FT Vest Growth Strength & Target Income ETF Option income on SPY, paying monthly | PCOV Principal Equity Premium Income ETF Covered call on SPY | |
|---|---|---|
| Issuer | First Trust | Principal |
| Strategy | option income | covered call |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY) |
| Pays | monthly | not established |
| Payout rate, annualized | 8.6% | not published |
| Expense ratio | 0.85% | 0.34% |
| Cash paid, 1 year | 8.1% | 0.0% (since launch on Aug 19, 2026) |
| Price change, 1 year | −3.2% | −3.7% |
| Total return, 1 year | +5.3% | −3.7% (since launch on Aug 19, 2026) |
| Benchmark return, 1 year | +16.6% | −0.7% |
| Ahead or behind | −11.3 pts | −3.0 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 449 days | 30 days |
| Net assets | $2m | not published |
FGSI in plain words
Over the year to Sep 18, 2026, FGSI paid 8.1% of its starting value in cash distributions while its price fell 3.2%. With every distribution reinvested, the fund returned +5.3%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 11.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.6%, paid monthly.
PCOV in plain words
Over the period since launch on Aug 19, 2026 to Sep 18, 2026, PCOV paid 0.0% of its starting value in cash distributions while its price fell 3.7%. With every distribution reinvested, the fund returned −3.7%. S&P 500 (SPY) returned −0.7% over the same days, so a holder was behind by 3.0 pts.
Questions people ask
- Which is cheaper, FGSI or PCOV?
- FGSI charges 0.85% a year and PCOV charges 0.34%, so PCOV 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, FGSI against PCOV, data as of Sep 18, 2026. https://etfiq.com/compare/income/fgsi-vs-pcov Free to use with attribution; the underlying files are at Open data.