Data as of .
ODTE vs PCOV: which paid, and which earned it?
ODTE and PCOV both write options for income.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| ODTE | PCOV | ODTE | PCOV | ODTE | PCOV | |
| 3 months | −4.8% | not published | 3.4% | not published | −7.0 pts | not published |
| Since launch | +6.2% | −3.7% | 6.7% | 0.0% | −10.5 pts | −3.0 pts |
| ODTE VegaShares SPX NDX RTY Premium Income ETF Covered call on SPY, paying weekly | PCOV Principal Equity Premium Income ETF Covered call on SPY | |
|---|---|---|
| Issuer | VegaShares | Principal |
| Strategy | covered call | covered call |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY) |
| Pays | weekly | not established |
| Payout rate, annualized | 14.1% | not published |
| Expense ratio | 0.68% | 0.34% |
| Cash paid, 1 year | 6.7% (since launch on Apr 2, 2026) | 0.0% (since launch on Aug 19, 2026) |
| Price change, 1 year | −0.3% | −3.7% |
| Total return, 1 year | +6.2% (since launch on Apr 2, 2026) | −3.7% (since launch on Aug 19, 2026) |
| Benchmark return, 1 year | +16.7% | −0.7% |
| Ahead or behind | −10.5 pts | −3.0 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 169 days | 30 days |
| Net assets | $3m | not published |
ODTE in plain words
Over the period since launch on Apr 2, 2026 to Sep 18, 2026, ODTE paid 6.7% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned +6.2%. S&P 500 (SPY), used as a default proxy returned +16.7% over the same days, so a holder was behind by 10.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 14.1%, paid weekly.
PCOV in plain words
Over the period since launch on Aug 19, 2026 to Sep 18, 2026, PCOV paid 0.0% of its starting value in cash distributions while its price fell 3.7%. With every distribution reinvested, the fund returned −3.7%. S&P 500 (SPY) returned −0.7% over the same days, so a holder was behind by 3.0 pts.
Questions people ask
- Which is cheaper, ODTE or PCOV?
- ODTE charges 0.68% a year and PCOV charges 0.34%, so PCOV 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, ODTE against PCOV, data as of Sep 18, 2026. https://etfiq.com/compare/income/odte-vs-pcov Free to use with attribution; the underlying files are at Open data.