MSR vs SCA: which paid, and which earned it?
MSR and SCA both write options for income. GraniteShares Autocallable MSTR ETF and GraniteShares Autocallable SMCI ETF.
16.6 pts behind MSTR
MSR since launch: paid 5.2%, price −38.4%, total −33.6%, MSTR −17.0%, −16.6 pts.
MSTR
−17.0%
MSR
−33.6%
16.6 pts behind MSTR
Total return, distributions reinvested
16.6 pts behind MSTR
MSR since launch: paid 5.2%, price −38.4%, total −33.6%, MSTR −17.0%, −16.6 pts.
MSTR
−17.0%
MSR
−33.6%
16.6 pts behind MSTR
5.2% of it arrived as cash. Total return, distributions reinvested. MSR since launch: paid 5.2%, price −38.4%, total −33.6%, MSTR −17.0%, −16.6 pts.
10.3 pts ahead of SMCI
SCA since launch: paid 12.8%, price +2.9%, total +17.8%, SMCI +7.5%, +10.3 pts.
SMCI
+7.5%
SCA
+17.8%
12.8% as cash
10.3 pts ahead of SMCI
Total return, distributions reinvested
10.3 pts ahead of SMCI
SCA since launch: paid 12.8%, price +2.9%, total +17.8%, SMCI +7.5%, +10.3 pts.
SMCI
+7.5%
SCA
+17.8%
10.3 pts ahead of SMCI
12.8% of it arrived as cash. Both charts share one scale, 0 to +17.8%. SCA since launch: paid 12.8%, price +2.9%, total +17.8%, SMCI +7.5%, +10.3 pts.
Performance, window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | MSR | SCA | MSR | SCA | MSR | SCA |
| 3 months | +14.9% | +38.2% | 4.1% | 8.0% | −49.0 pts | −10.4 pts |
| Since launch MSR May 2026 · SCA May 2026 | −33.6% | +17.8% | 5.2% | 12.8% | −16.6 pts | +10.3 pts |
MSR and SCA over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
MSR and SCA on the same fields, as of Sep 30, 2026. Source: ETFIQ.
MSR in plain words
Over the period since launch on May 12, 2026 to Sep 30, 2026, MSR paid 5.2% of its starting value in cash distributions while its price fell 38.4%. With every distribution reinvested, the fund returned −33.6%. MicroStrategy (MSTR) returned −17.0% over the same days, so a holder was behind by 16.6 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 44.3%, paid periodically. GraniteShares estimates that 0% 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).
SCA in plain words
Over the period since launch on May 27, 2026 to Sep 30, 2026, SCA paid 12.8% of its starting value in cash distributions while its price rose 2.9%. With every distribution reinvested, the fund returned +17.8%. Super Micro (SMCI) returned +7.5% over the same days, so a holder was ahead by 10.3 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 36.6%, paid monthly. GraniteShares estimates that 29% 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).
Questions people ask
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ETFIQ, MSR against SCA, data as of Sep 30, 2026. https://etfiq.com/compare/income/msr-vs-sca
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, MSR against SCA, data as of Sep 30, 2026. https://etfiq.com/compare/income/msr-vs-sca Free to use with attribution; the underlying files are at Open data.
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- ETFIQ, MSR against SCA, data as of Sep 30, 2026. https://etfiq.com/compare/income/msr-vs-sca
- APA
- ETFIQ. (Sep 30, 2026). MSR against SCA. Retrieved from https://etfiq.com/compare/income/msr-vs-sca
- Markdown
- [MSR against SCA (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/income/msr-vs-sca)