IACL vs TLA: which paid, and which earned it?

IACL and TLA both write options for income. GraniteShares US 100 Autocallable Income ETF and GraniteShares Autocallable TSLA ETF.

0.4%
IACL cash paid, since launch
11.1%
TLA cash paid, since launch
+1.1%
IACL total return, since launch
+10.4%
TLA total return, since launch
IACL · since launch to Sep 30, 20261.4 pts ahead of SPY
IACL
+1.1%
SPY
−0.4%

1.4 pts ahead of SPY

IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 pts.

SPY

−0.4%

IACL

+1.1%

1.4 pts ahead of SPY

Total return, distributions reinvested

1.4 pts ahead of SPY

IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 pts.

SPY

−0.4%

IACL

+1.1%

1.4 pts ahead of SPY

0.4% of it arrived as cash. Total return, distributions reinvested. IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 pts.

TLA · since launch to Sep 30, 202626.3 pts ahead of TSLA
TLA
+10.4%
TSLA
−15.9%

26.3 pts ahead of TSLA

TLA since launch: paid 11.1%, price −1.4%, total +10.4%, TSLA −15.9%, +26.3 pts.

TSLA

−15.9%

TLA

+10.4%

11.1% of it arrived as cash

26.3 pts ahead of TSLA

Total return, distributions reinvested

26.3 pts ahead of TSLA

TLA since launch: paid 11.1%, price −1.4%, total +10.4%, TSLA −15.9%, +26.3 pts.

TSLA

−15.9%

TLA

+10.4%

26.3 pts ahead of TSLA

11.1% of it arrived as cash. Both charts share one scale, 0 to +10.4%. TLA since launch: paid 11.1%, price −1.4%, total +10.4%, TSLA −15.9%, +26.3 pts.

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowIACLTLAIACLTLAIACLTLA
3 monthsnot published+3.3%not published3.1%not published+19.9 pts
6 monthsnot published+11.2%not published8.2%not published+18.1 pts
Since launch
IACL Aug 2026 · TLA Feb 2026
+1.1%+10.4%0.4%11.1%+1.4 pts+26.3 pts

IACL and TLA over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

IACL
GraniteShares US 100 Autocallable Income ETF · Autocallable on SPY
TLA
GraniteShares Autocallable TSLA ETF · Autocallable on TSLA, paying monthly
Issuer GraniteShares GraniteShares
Strategy autocallable autocallable
Benchmark S&P 500 (SPY), used as a default proxy Tesla (TSLA)
Pays not established monthly
Payout rate, annualized 5.0% 18.4%
Expense ratio 0.55% 1.07%
Cash paid, 1 year 0.4% (since launch on Aug 18, 2026) 11.1% (since launch on Feb 3, 2026)
Price change, 1 year +0.7% −1.4%
Total return, 1 year +1.1% (since launch on Aug 18, 2026) +10.4% (since launch on Feb 3, 2026)
Benchmark return, 1 year −0.4% −15.9%
Ahead or behind +1.4 pts +26.3 pts
Return of capital, latest estimate 99% 4%
Age 43 days 239 days
Net assets $3m $5m

IACL and TLA on the same fields, as of Sep 30, 2026. Source: ETFIQ.

IACL in plain words

Over the period since launch on Aug 18, 2026 to Sep 30, 2026, IACL paid 0.4% of its starting value in cash distributions while its price rose 0.7%. With every distribution reinvested, the fund returned +1.1%. S&P 500 (SPY), used as a default proxy returned −0.4% over the same days, so a holder was ahead by 1.4 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 5.0%, paid periodically. GraniteShares estimates that 99% 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).

TLA in plain words

Over the period since launch on Feb 3, 2026 to Sep 30, 2026, TLA paid 11.1% of its starting value in cash distributions while its price fell 1.4%. With every distribution reinvested, the fund returned +10.4%. Tesla (TSLA) returned −15.9% over the same days, so a holder was ahead by 26.3 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 18.4%, paid monthly. GraniteShares estimates that 4% of the distribution paid Jun 5, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

Questions people ask

Which is cheaper, IACL or TLA?
IACL charges 0.55% a year and TLA charges 1.07%, so IACL is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, IACL against TLA, data as of Sep 30, 2026. https://etfiq.com/compare/income/iacl-vs-tla

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.