Data as of .
OEI vs SEPI: which paid, and which earned it?
OEI and SEPI both write options for income.
What they hold in common
By the books each fund has filed, OEI and SEPI hold 45% of their money in the same securities at the same weight.
| Holding | OEI | SEPI |
|---|---|---|
| Apple Inc | 4.28% | 5.24% |
| NVIDIA Corp | 8.32% | 4.04% |
| Alphabet Inc | 3.48% | 4.68% |
| Microsoft Corp | 5.99% | 3.42% |
| Amazon.com Inc | 4.56% | 3.36% |
| Broadcom Inc | 3.04% | 3.08% |
| Micron Technology Inc | 2.57% | 6.53% |
| Meta Platforms Inc | 2.18% | 2.79% |
| Johnson & Johnson | 2.10% | 3.31% |
| ExxonMobil Holdings Corp | 2.07% | 3.08% |
| JPMorgan Chase & Co | 1.65% | 1.77% |
| Berkshire Hathaway Inc | 1.60% | 1.87% |
| Only in OEI | Only in SEPI |
|---|---|
| Alphabet Inc 2.79% | EBAY INC 2.47% |
| Booking Holdings Inc 1.89% | DUKE ENERGY CORP 2.08% |
| Eli Lilly & Co 1.80% | GENERAL MOTORS COMPANY 1.96% |
| AbbVie Inc 1.57% | CARDINAL HEALTH INC 1.91% |
| Mastercard Inc 1.57% | AKAMAI TECHNOLOGIES INC 1.80% |
| Cisco Systems Inc 1.54% | CVS HEALTH CORP 1.79% |
| Tesla Inc 1.46% | HILTON WORLDWIDE HOLDINGS INC 1.72% |
| General Electric Co 1.41% | TRAVELERS COMPANIES INC (THE) 1.65% |
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 | SEPI | OEI | SEPI | OEI | SEPI | |
| 3 months | +4.8% | +5.4% | 2.3% | 2.1% | +2.5 pts | +3.2 pts |
| 6 months | +12.5% | +20.5% | 4.9% | 4.7% | −5.6 pts | +2.5 pts |
| 1 year | not published | +21.8% | not published | 7.5% | not published | +5.2 pts |
| Since launch | +14.4% | +24.4% | 8.6% | 7.7% | −0.9 pts | +5.4 pts |
| OEI Optimized Equity Income ETF Option income on SPY, paying monthly | SEPI Shelton Equity Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Core Alternative | Shelton |
| Strategy | option income | covered call |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 9.2% | 8.3% |
| Expense ratio | 1.02% | 0.54% |
| Cash paid, 1 year | 8.6% (since launch on Oct 22, 2025) | 7.5% |
| Price change, 1 year | +5.2% | +13.4% |
| Total return, 1 year | +14.4% (since launch on Oct 22, 2025) | +21.8% |
| Benchmark return, 1 year | +15.3% | +16.6% |
| Ahead or behind | −0.9 pts | +5.2 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 331 days | 375 days |
| Net assets | $46m | $152m |
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.
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 is cheaper, OEI or SEPI?
- OEI charges 1.02% 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, OEI against SEPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/oei-vs-sepi Free to use with attribution; the underlying files are at Open data.