Data as of .
OEI vs SCLZ: which paid, and which earned it?
OEI and SCLZ both write options for income.
What they hold in common
By the books each fund has filed, OEI and SCLZ hold 59% of their money in the same securities at the same weight.
| Holding | OEI | SCLZ |
|---|---|---|
| NVIDIA Corp | 8.32% | 5.99% |
| Apple Inc | 4.28% | 6.15% |
| Amazon.com Inc | 4.56% | 3.75% |
| Microsoft Corp | 5.99% | 3.71% |
| Alphabet Inc | 3.48% | 5.18% |
| Broadcom Inc | 3.04% | 4.71% |
| Micron Technology Inc | 2.57% | 7.89% |
| Meta Platforms Inc | 2.18% | 3.34% |
| Johnson & Johnson | 2.10% | 2.41% |
| Eli Lilly & Co | 1.80% | 3.86% |
| JPMorgan Chase & Co | 1.65% | 3.50% |
| Berkshire Hathaway Inc | 1.60% | 3.10% |
| Only in OEI | Only in SCLZ |
|---|---|
| Alphabet Inc 2.79% | EXXON MOBIL CORP 1.92% |
| ExxonMobil Holdings Corp 2.07% | DEERE & COMPANY 1.17% |
| Booking Holdings Inc 1.89% | DUKE ENERGY CORP 1.01% |
| Bank of America Corp 1.38% | LINDE PLC 0.99% |
| Intel Corp 1.34% | WELLTOWER INC 0.82% |
| GE Vernova Inc 1.16% | LOWE'S COMPANIES INC 0.66% |
| UnitedHealth Group Inc 1.13% | AMERICAN ELECTRIC POWER COMPANY INC 0.61% |
| Procter & Gamble Co/The 1.07% | EQUINIX INC 0.58% |
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 Jul 31, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| OEI | SCLZ | OEI | SCLZ | OEI | SCLZ | |
| 3 months | +4.8% | +2.9% | 2.3% | 2.1% | +2.5 pts | −3.6 pts |
| 6 months | +12.5% | +14.2% | 4.9% | 3.8% | −5.6 pts | +1.6 pts |
| 1 year | not published | +13.2% | not published | 8.4% | not published | −14.0 pts |
| Since launch | +14.4% | +36.5% | 8.6% | 19.6% | −0.9 pts | −6.3 pts |
| OEI Optimized Equity Income ETF Option income on SPY, paying monthly | SCLZ Swan Enhanced Dividend Income ETF Dividend stocks with call overlay on SCHD, paying monthly | |
|---|---|---|
| Issuer | Core Alternative | Swan |
| Strategy | option income | dividend stocks with call overlay |
| Benchmark | S&P 500 (SPY), used as a default proxy | US dividend stocks (SCHD), used as the dividend proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 9.2% | 8.5% |
| Expense ratio | 1.02% | 0.79% |
| Cash paid, 1 year | 8.6% (since launch on Oct 22, 2025) | 8.4% |
| Price change, 1 year | +5.2% | +4.1% |
| Total return, 1 year | +14.4% (since launch on Oct 22, 2025) | +13.2% |
| Benchmark return, 1 year | +15.3% | +27.2% |
| Ahead or behind | −0.9 pts | −14.0 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 331 days | 934 days |
| Net assets | $46m | $20m |
OEI in plain words
Over the period since launch on Oct 22, 2025 to Sep 18, 2026, OEI paid 8.6% of its starting value in cash distributions while its price rose 5.2%. With every distribution reinvested, the fund returned +14.4%. S&P 500 (SPY), used as a default proxy returned +15.3% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.2%, paid monthly.
SCLZ in plain words
Over the year to Sep 18, 2026, SCLZ paid 8.4% of its starting value in cash distributions while its price rose 4.1%. With every distribution reinvested, the fund returned +13.2%. US dividend stocks (SCHD), used as the dividend proxy returned +27.2% over the same days, so a holder was behind by 14.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.5%, paid monthly.
Questions people ask
- Which is cheaper, OEI or SCLZ?
- OEI charges 1.02% a year and SCLZ charges 0.79%, so SCLZ 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, OEI against SCLZ, data as of Sep 18, 2026. https://etfiq.com/compare/income/oei-vs-sclz Free to use with attribution; the underlying files are at Open data.