Data as of Nov 12, 2026.
MPIM vs SEPI: Dividend Yield & Total Return
Return, fees and overlap, side by side.
Pair scorecard
SEPI costs 0.16 points a year less.
Points (pts) are percentage points.
| Measure | MPIM | SEPI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +15.3% |
| Price change | fell 12.8% (since Aug 12, 2026) | rose 5.9% (1 year) |
| Against its benchmark | ||
| Benchmark | not published | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.70% | 0.54% |
| Net assets | not read by ETFIQ | $152m |
| Holdings | ||
| Holdings in common | not published | |
Not measured
MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.
MPIM
−10.0%
Total return, distributions reinvested
Not measured
MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.
MPIM
−10.0%
3.0% of it arrived as cash. Total return, distributions reinvested. MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.
Data to Nov 12, 2026.3.3 pts ahead of SPY
SEPI over 1 year: paid 8.8%, price +5.9%, total +15.3%, SPY +12.0%, +3.3 pts. Data to Nov 12, 2026.
SPY
+12.0%
SEPI
+15.3%
8.8% of it arrived as cash
3.3 pts ahead of SPY
Total return, distributions reinvested
3.3 pts ahead of SPY
SEPI over 1 year: paid 8.8%, price +5.9%, total +15.3%, SPY +12.0%, +3.3 pts. Data to Nov 12, 2026.
SPY
+12.0%
SEPI
+15.3%
3.3 pts ahead of SPY
8.8% of it arrived as cash. Both charts share one scale, with zero at the line. SEPI over 1 year: paid 8.8%, price +5.9%, total +15.3%, SPY +12.0%, +3.3 pts. Data to Nov 12, 2026.
Data to Nov 12, 2026.Side by side
As of Nov 12, 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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | MPIM | SEPI | MPIM | SEPI | MPIM | SEPI |
| 3 months | −10.6% | −1.3% | 3.0% | 2.1% | not measured | +1.2 pts |
| 6 months | – | +4.6% | – | 4.3% | – | +2.9 pts |
| 1 year | – | +15.3% | – | 8.8% | – | +3.4 pts |
| Since launchNot the same days: MPIM Aug 2026 · SEPI Sep 2025 | −10.0% | +23.0% | 3.0% | 10.0% | not measured | +4.7 pts |
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MPIM
Over the period from its first trade on Aug 12, 2026 to Nov 12, 2026, MPIM paid 3.0% of its starting value in cash distributions while its price fell 12.8%. With every distribution reinvested, the fund returned −10.0%. At its price on Nov 12, 2026 the latest distribution annualizes to 17.0%, paid periodically.
SEPI
Over the year to Nov 12, 2026, SEPI paid 8.8% of its starting value in cash distributions while its price rose 5.9%. With every distribution reinvested, the fund returned +15.3%. S&P 500 (SPY) returned +12.0% over the same days, so a holder was ahead by 3.3 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 8.6%, paid monthly. Shelton estimates that 99% of the distribution paid Sep 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, MPIM against SEPI, data as of Nov 12, 2026. https://etfiq.com/compare/income/mpim-vs-sepi
ETFIQ. (Nov 12, 2026). MPIM against SEPI. Retrieved from https://etfiq.com/compare/income/mpim-vs-sepi
[MPIM against SEPI (ETFIQ, Nov 12, 2026)](https://etfiq.com/compare/income/mpim-vs-sepi)
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MPIM and SEPI both write options for income.
MPIM and SEPI
Total return, distributions reinvested, 3 months.
MPIM −10.6%, SEPI −1.3%: SEPI +9.3 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.