Which paid more, FTQI or SCLZ?

Over the year to Nov 4, 2026, FTQI paid 12.1% of its starting price in cash and SCLZ paid 8.5%, so FTQI paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, FTQI or SCLZ?

With every distribution reinvested, FTQI returned +16.5% and SCLZ +10.6% over the year to Nov 4, 2026.

Which is cheaper, FTQI or SCLZ?

FTQI charges 0.75% a year and SCLZ charges 0.79%, so FTQI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

FTQI vs SCLZ: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, FTQI paid 12.1% of its price in cash against SCLZ’s 8.5%, and returned more with it reinvested.

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Net assets: $997m on Nov 3, 2026 for First Trust Nasdaq BuyWrite Income ETF, and $20m on Jun 30, 2026 for Swan Enhanced Dividend Income ETF.

FTQI on its own →SCLZ on its own →

At a glance

12.1%

FTQI cash paid, 1 year

8.5%

SCLZ cash paid, 1 year

+16.5%

FTQI total return, 1 year

+10.6%

SCLZ total return, 1 year

FTQI · 1 year to Nov 4, 2026 4.2 pts ahead of QQQ

FTQI

+16.5%

QQQ

+12.3%

4.2 pts ahead of QQQ

FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

FTQI

+16.5%

12.1% of it arrived as cash

4.2 pts ahead of QQQ

Total return, distributions reinvested

4.2 pts ahead of QQQ

FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

FTQI

+16.5%

12.1% as cash

4.2 pts ahead of QQQ

12.1% of it arrived as cash. Total return, distributions reinvested. FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

SCLZ · 1 year to Nov 4, 2026 4.2 pts behind SPY

SCLZ

+10.6%

SPY

+14.8%

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% of it arrived as cash

4.2 pts behind SPY

Total return, distributions reinvested

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% cash

4.2 pts behind SPY

8.5% of it arrived as cash. Both charts share one scale, 0 to +16.5%. SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +16.5%. Data to Nov 4, 2026.

Pair scorecard

FTQI costs 0.04 points a year less; their one-year returns differ by 5.9 points.

Points (pts) are percentage points.

FTQI vs SCLZ: Dividend Yield & Total Return
Measure	FTQI	SCLZ
Paid and earned
Measure	FTQI	SCLZ
Total return, 1 year	+16.5%	+10.6%
Price change, 1 year	rose 3.5%	rose 1.6%
Against its benchmark
Measure	FTQI	SCLZ
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	FTQI	SCLZ
Expense ratio	0.75%	0.79%
Net assets, FTQI as of Nov 3, 2026 and SCLZ as of Jun 30, 2026	$997m	$20m
Holdings
Measure	FTQI	SCLZ
Holdings in common	43%

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

IQ Income Score74FTQI71.6SCLZ

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

FTQI 74

SCLZ 71.6

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

43%

By the books each fund has filed, FTQI and SCLZ hold 43% 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

43% in common

Positions both hold · largest shared weight first FTQI SCLZ

Apple Inc. 8.98% 6.20%

NVIDIA Corporation 6.22% 6.03%

Advanced Micro Devices, Inc. 4.73% 5.18%

Amazon.com, Inc. 4.23% 3.77%

Cisco Systems, Inc. 3.10% 3.03%

Meta Platforms, Inc. (Class A) 2.67% 3.36%

Micron Technology, Inc. 2.01% 7.95%

Tesla, Inc. 3.05% 1.81%

Alphabet Inc. (Class A) 1.72% 5.22%

Broadcom Inc. 1.64% 4.74%

Microsoft Corporation 1.55% 3.74%

AbbVie Inc. 1.48% 1.84%

Only in one fund ↓

Only in FTQI

Alphabet Inc. (Class C) 1.72%

Seagate Technology Holdings Plc 1.59%

Palo Alto Networks, Inc. 1.43%

Gilead Sciences, Inc. 1.41%

KLA Corporation 1.16%

CME Group Inc. 1.10%

Applied Materials, Inc. 1.00%

Lam Research Corporation 0.99%

Only in SCLZ

ELI LILLY & COMPANY 3.88%

JP MORGAN CHASE & COMPANY 3.53%

BERKSHIRE HATHAWAY INC 3.12%

VISA INC 2.29%

EXXON MOBIL CORP 1.94%

MASTERCARD INC 1.75%

HOME DEPOT INC (THE) 1.53%

WALMART INC 1.49%

Check overlap with more funds →

Side by side

FTQI First Trust Nasdaq BuyWrite Income ETF · Covered call on QQQ, paying monthly SCLZ Swan Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly

Issuer First Trust Swan

Strategy covered call dividend stocks with call overlay

Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 12.3% 8.7%

Expense ratio 0.75% 0.79%

Cash paid, 1 year 12.1% 8.5%

Price change, 1 year +3.5% +1.6%

Total return, 1 year +16.5% +10.6%

Benchmark return, 1 year +12.3% +14.8%

Ahead or behind +4.2 pts −4.2 pts

Return of capital, latest estimate 99% not published

Age 12.8 years 2.7 years

Net assets, FTQI as of Nov 3, 2026 and SCLZ as of Jun 30, 2026 $997m $20m

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: FTQI vs SCLZ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FTQI	SCLZ	FTQI	SCLZ	FTQI	SCLZ
3 months	+0.4%	0.0%	3.0%	2.1%	+3.8 pts	+0.2 pts
6 months	+6.6%	+4.4%	6.0%	4.3%	+6.9 pts	−0.6 pts
1 year	+16.5%	+10.6%	12.1%	8.5%	+4.3 pts	−4.2 pts
3 years	+60.8%	–	38.1%	–	−30.5 pts	–
Since launchNot the same days: FTQI Jan 2014 · SCLZ Feb 2024	+138.8%	+35.4%	81.1%	21.2%	−641.3 pts	−20.8 pts

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Alert

About each fund

FTQI

Over the year to Nov 4, 2026, FTQI paid 12.1% of its starting value in cash distributions while its price rose 3.5%. With every distribution reinvested, the fund returned +16.5%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.3%, paid monthly. First Trust estimates that 99% 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.

SCLZ

Over the year to Nov 4, 2026, SCLZ paid 8.5% of its starting value in cash distributions while its price rose 1.6%. With every distribution reinvested, the fund returned +10.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.7%, paid monthly.

Questions people ask

Which paid more, FTQI or SCLZ?: Over the year to Nov 4, 2026, FTQI paid 12.1% of its starting price in cash and SCLZ paid 8.5%, so FTQI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, FTQI or SCLZ?: With every distribution reinvested, FTQI returned +16.5% and SCLZ +10.6% over the year to Nov 4, 2026.
Which is cheaper, FTQI or SCLZ?: FTQI charges 0.75% a year and SCLZ charges 0.79%, so FTQI is cheaper. Fees come from each fund's prospectus.

Other comparisons

FTQI vs QUSA FTQI vs JULH FTQI vs SPUT FTQI vs OCTH SCLZ vs QDTE SCLZ vs ROCQ SCLZ vs XQQI SCLZ vs IQQQ

Where to next

Nasdaq-100 (QQQ) →S&P 500 (SPY) →FTQI on its own →SCLZ on its own →FTQI dividend history →FTQI holdings →SCLZ dividend history →SCLZ holdings →Method →Standards and sources →

Sources and dates

FTQI filings on SEC EDGAR ↗

FTQI prospectus with the expense ratio (SEC) ↗

FTQI 19a-1 distribution notice ↗

First Trust page for FTQI ↗

SCLZ filings on SEC EDGAR ↗

SCLZ prospectus with the expense ratio (SEC) ↗

Swan 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.

Cite this pageCitation, APA and Markdown

ETFIQ, FTQI against SCLZ, data as of Nov 4, 2026. https://etfiq.com/compare/income/ftqi-vs-sclz

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