Data as of Nov 4, 2026.
PCOV vs SCEP: Dividend Yield & Total Return
PCOV and SCEP both write options for income.
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Net assets: $10m on Nov 2, 2026 for Principal Equity Premium Income ETF, and $235m on Jun 30, 2026 for STERLING CAPITAL HEDGED EQUITY PREMIUM 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.Not measured
SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.
SCEP
+5.3%
6.1% of it arrived as cash
Total return, distributions reinvested
Not measured
SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.
SCEP
+5.3%
6.1% as cash
6.1% of it arrived as cash. Both charts share one scale, with zero at the line. SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
PCOV costs 0.31 points a year less.
Points (pts) are percentage points.
| Measure | PCOV | SCEP |
|---|---|---|
| Paid and earned | ||
| Price change | fell 2.0% (since Aug 19, 2026) | fell 1.1% (6 months) |
| Return of capital, issuer estimate | 100% of the Oct 5, 2026 payment | |
| Against its benchmark | ||
| Benchmark | not published | its own stocks |
| Cost and size | ||
| Expense ratio | 0.34% | 0.65% |
| Net assets, PCOV as of Nov 2, 2026 and SCEP as of Jun 30, 2026 | $10m | $235m |
| 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 | SCEP | PCOV | SCEP | PCOV | SCEP |
| 3 months | – | −1.2% | – | 1.7% | – | +0.8 pts |
| 6 months | – | +2.4% | – | 3.5% | – | +0.4 pts |
| Since launchNot the same days: PCOV Aug 2026 · SCEP Dec 2025 | −0.1% | +5.3% | 1.9% | 6.1% | not measured | not measured |
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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.
SCEP's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned +2.1% over the same days, so a holder was about even.
Over the 6 months to Nov 4, 2026, SCEP paid 3.5% of its starting value in cash distributions while its price fell 1.1%. With every distribution reinvested, the fund returned +2.4%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.0%, paid monthly. Sterling Capital estimates that 100% of the distribution paid Oct 5, 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.
Cite this pageCitation, APA and Markdown
ETFIQ, PCOV against SCEP, data as of Nov 4, 2026. https://etfiq.com/compare/income/pcov-vs-scep
ETFIQ. (Nov 4, 2026). PCOV against SCEP. Retrieved from https://etfiq.com/compare/income/pcov-vs-scep
[PCOV against SCEP (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/pcov-vs-scep)
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