Data as of Nov 4, 2026.
PCOV vs RDVI: Dividend Yield & Total Return
PCOV and RDVI both write options for income.
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Net assets: $10m on Nov 2, 2026 for Principal Equity Premium Income ETF, and $3.9bn on Nov 3, 2026 for FT Vest Rising Dividend Achievers Target Income ETF.
Not measured
PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.
PCOV
−0.1%
Total return, distributions reinvested
Not measured
PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.
PCOV
−0.1%
1.9% of it arrived as cash. Total return, distributions reinvested. PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.
Data to Nov 4, 2026.About even with RDVY
RDVI over 1 year: paid 9.1%, price +12.2%, total +22.0%, RDVY +22.2%, −0.2 pts. Data to Nov 4, 2026.
RDVY
+22.2%
RDVI
+22.0%
9.1% of it arrived as cash
about even with RDVY
Total return, distributions reinvested
About even with RDVY
RDVI over 1 year: paid 9.1%, price +12.2%, total +22.0%, RDVY +22.2%, −0.2 pts. Data to Nov 4, 2026.
RDVY
+22.2%
RDVI
+22.0%
about even with RDVY
9.1% of it arrived as cash. Both charts share one scale, with zero at the line. RDVI over 1 year: paid 9.1%, price +12.2%, total +22.0%, RDVY +22.2%, −0.2 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
PCOV costs 0.41 points a year less; RDVI is far larger, $3.9bn against $10m.
Points (pts) are percentage points.
| Measure | PCOV | RDVI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +22.0% |
| Price change | fell 2.0% (since Aug 19, 2026) | rose 12.2% (1 year) |
| Return of capital, issuer estimate | 40% of the Oct 30, 2026 payment | |
| Against its benchmark | ||
| Benchmark | not published | First Trust Rising Dividend Achievers ETF, measured through RDVY |
| Cost and size | ||
| Expense ratio | 0.34% | 0.75% |
| Net assets, as of Nov 3, 2026 | $10m | $3.9bn |
| Holdings | ||
| Holdings in common | not published | |
Side by side
As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.
Window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | PCOV | RDVI | PCOV | RDVI | PCOV | RDVI |
| 3 months | – | −1.9% | – | 2.0% | – | +0.6 pts |
| 6 months | – | +7.9% | – | 4.3% | – | +0.1 pts |
| 1 year | – | +22.0% | – | 9.1% | – | −0.2 pts |
| 3 years | – | +76.0% | – | 30.9% | – | −6.4 pts |
| Since launchNot the same days: PCOV Aug 2026 · RDVI Oct 2022 | −0.1% | +106.5% | 1.9% | 43.0% | not measured | −8.4 pts |
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PCOV
Over the period from its first trade on Aug 19, 2026 to Nov 4, 2026, PCOV paid 1.9% of its starting value in cash distributions while its price fell 2.0%. With every distribution reinvested, the fund returned −0.1%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.2%, paid periodically.
RDVI
Over the year to Nov 4, 2026, RDVI paid 9.1% of its starting value in cash distributions while its price rose 12.2%. With every distribution reinvested, the fund returned +22.0%. First Trust Rising Dividend Achievers ETF (RDVY) returned +22.2% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 8.3%, paid monthly. First Trust estimates that 40% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
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How this is computed
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, PCOV against RDVI, data as of Nov 4, 2026. https://etfiq.com/compare/income/pcov-vs-rdvi
ETFIQ. (Nov 4, 2026). PCOV against RDVI. Retrieved from https://etfiq.com/compare/income/pcov-vs-rdvi
[PCOV against RDVI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/pcov-vs-rdvi)
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