PAYM vs SCA: Dividend Yield & Total Return
PAYM and SCA both write options for income. Net assets: $128m on Jul 31, 2026 for TrueShares S&P Autocallable Defensive Income ETF, and $4m on Oct 20, 2026 for GraniteShares Autocallable SMCI ETF.
PAYM costs 0.33 points a year less.
Points (pts) are percentage points.
| PAYM | SCA | |
|---|---|---|
| Expense ratio | 0.74% | 1.07% |
| Net assets, PAYM as of Jul 31, 2026 and SCA as of Oct 20, 2026 | $128m | $4m |
| Benchmark | not published | Super Micro (SMCI) |
| Holdings in common | not published | |
| Against its benchmark, same days | ahead by 27.7 pts | |
| Price change | fell 2.6% (since May 28, 2026) | fell 4.4% (since May 27, 2026) |
| Return of capital, issuer estimate | 29% of the Sep 11, 2026 payment | |
Not measured
PAYM since launch: paid 4.0%, price −2.6%, total +1.5%, not measured against a benchmark. Figures to Oct 20, 2026.
PAYM
+1.5%
Total return, distributions reinvested
Not measured
PAYM since launch: paid 4.0%, price −2.6%, total +1.5%, not measured against a benchmark. Figures to Oct 20, 2026.
PAYM
+1.5%
4.0% of it arrived as cash. Total return, distributions reinvested. PAYM since launch: paid 4.0%, price −2.6%, total +1.5%, not measured against a benchmark. Figures to Oct 20, 2026.
Figures to Oct 20, 2026.
27.8 pts ahead of SMCI
SCA since launch: paid 15.9%, price −4.4%, total +12.8%, SMCI −15.0%, +27.8 pts. Figures to Oct 20, 2026.
SMCI
−15.0%
SCA
+12.8%
15.9% of it arrived as cash
27.8 pts ahead of SMCI
Total return, distributions reinvested
27.8 pts ahead of SMCI
SCA since launch: paid 15.9%, price −4.4%, total +12.8%, SMCI −15.0%, +27.8 pts. Figures to Oct 20, 2026.
SMCI
−15.0%
SCA
+12.8%
27.8 pts ahead of SMCI
15.9% of it arrived as cash. Both charts share one scale, with zero at the line. SCA since launch: paid 15.9%, price −4.4%, total +12.8%, SMCI −15.0%, +27.8 pts. Figures to Oct 20, 2026.
Figures to Oct 20, 2026.
Performance, window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | PAYM | SCA | PAYM | SCA | PAYM | SCA |
| 3 months | +1.2% | +37.9% | 2.5% | 12.4% | not measured | +10.5 pts |
| Since launch Not the same days: PAYM May 2026 · SCA May 2026 | +1.5% | +12.8% | 4.0% | 15.9% | not measured | +27.7 pts |
Source: ETFIQ. Open this comparison in the app →
On the same fields
As of Oct 20, 2026. Source: ETFIQ. Cash paid is what the fund distributed over the window, as a share of its price at the start. Payout rate is its latest payment, annualized, over today’s price.
About PAYM
Over the period from its first trade on May 28, 2026 to Oct 20, 2026, PAYM paid 4.0% of its starting value in cash distributions while its price fell 2.6%. With every distribution reinvested, the fund returned +1.5%. At its price on Oct 20, 2026 the latest distribution annualizes to 10.0%, paid monthly.
About SCA
Over the period from its first trade on May 27, 2026 to Oct 20, 2026, SCA paid 15.9% of its starting value in cash distributions while its price fell 4.4%. With every distribution reinvested, the fund returned +12.8%. Super Micro (SMCI) returned −15.0% over the same days, so a holder was ahead by 27.7 pts. At its price on Oct 20, 2026 the latest distribution annualizes to 38.8%, paid monthly. GraniteShares estimates that 29% of the distribution paid Sep 11, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Every figure is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, PAYM against SCA, data as of Oct 20, 2026. https://etfiq.com/compare/income/paym-vs-sca
ETFIQ. (Oct 20, 2026). PAYM against SCA. Retrieved from https://etfiq.com/compare/income/paym-vs-sca
[PAYM against SCA (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/income/paym-vs-sca)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.