Data as of .
LOCT vs SEPI: which paid, and which earned it?
Over the year SEPI paid 7.5% of its price in cash against LOCT’s 5.2%, and returned more with it reinvested.
ETFIQ Return Stability Score: SEPI scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, LOCT and SEPI hold 0% of their money in the same securities at the same weight.
| Only in LOCT | Only in SEPI |
|---|---|
| TREASURY BILL 98.30% | ADVANCED MICRO DEVICES INC 7.54% |
| TREASURY BILL 0.43% | CATERPILLAR INC 7.20% |
| TREASURY BILL 0.43% | MICRON TECHNOLOGY INC 6.53% |
| TREASURY BILL 0.42% | APPLE INC 5.24% |
| TREASURY BILL 0.42% | ALPHABET INC 4.68% |
| NVIDIA CORP 4.04% | |
| GOLDMAN SACHS GROUP INC (THE) 3.91% | |
| 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 Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| LOCT | SEPI | LOCT | SEPI | LOCT | SEPI | |
| 3 months | +1.0% | +5.4% | 1.3% | 2.1% | −1.2 pts | +3.2 pts |
| 6 months | +3.9% | +20.5% | 2.6% | 4.7% | −14.1 pts | +2.5 pts |
| 1 year | +5.4% | +21.8% | 5.2% | 7.5% | −11.2 pts | +5.2 pts |
| Since launch | +18.5% | +24.4% | 16.5% | 7.7% | −66.4 pts | +5.4 pts |
| LOCT Innovator Premium Income 15 Buffer ETF - October Buffer with income on SPY, paying monthly | SEPI Shelton Equity Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Innovator | Shelton |
| Strategy | buffer with income | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 5.2% | 8.3% |
| Expense ratio | 0.79% | 0.54% |
| Cash paid, 1 year | 5.2% | 7.5% |
| Price change, 1 year | +0.1% | +13.4% |
| Total return, 1 year | +5.4% | +21.8% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | −11.2 pts | +5.2 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1082 days | 375 days |
| Net assets | $11m | $152m |
LOCT in plain words
Over the year to Sep 18, 2026, LOCT paid 5.2% of its starting value in cash distributions while its price rose 0.1%. With every distribution reinvested, the fund returned +5.4%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 11.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 5.2%, paid monthly.
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 paid more, LOCT or SEPI?
- Over the year to Sep 18, 2026, LOCT paid 5.2% of its starting price in cash and SEPI paid 7.5%, 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, LOCT or SEPI?
- With every distribution reinvested, LOCT returned +5.4% and SEPI returned +21.8% over the year to Sep 18, 2026, so SEPI returned more.
- Which is cheaper, LOCT or SEPI?
- LOCT charges 0.79% 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, LOCT against SEPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/loct-vs-sepi Free to use with attribution; the underlying files are at Open data.