Data as of Nov 4, 2026.

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Income ETFs

PCOV vs SCLZ: Dividend Yield & Total Return

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PCOV and SCLZ both write options for income.

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Net assets: $10m on Nov 2, 2026 for Principal Equity Premium Income ETF, and $20m on Jun 30, 2026 for Swan Enhanced Dividend Income ETF.

At a glance
1.9%
PCOV cash paid, since launch, Aug 19, 2026
8.5%
SCLZ cash paid, 1 year
−0.1%
PCOV total return, since launch, Aug 19, 2026
+10.6%
SCLZ total return, 1 year
PCOV · since launch to Nov 4, 2026 Not measured
PCOV
−0.1%
none

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.
SCLZ · 1 year to Nov 4, 2026 4.2 pts behind SPY
SCLZ
+10.6%
SPY
+14.8%

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% of it arrived as cash

4.2 pts behind SPY

Total return, distributions reinvested

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% cash

4.2 pts behind SPY

8.5% of it arrived as cash. Both charts share one scale, with zero at the line. SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PCOV costs 0.45 points a year less.

Points (pts) are percentage points.

PCOV vs SCLZ: Dividend Yield & Total Return
MeasurePCOVSCLZ
Paid and earned
Total return, 1 yearnot published+10.6%
Price changefell 2.0% (since Aug 19, 2026)rose 1.6% (1 year)
Against its benchmark
Benchmarknot publishedS&P 500, measured through SPY
Cost and size
Expense ratio0.34%0.79%
Net assets, PCOV as of Nov 2, 2026 and SCLZ as of Jun 30, 2026$10m$20m
Holdings
Holdings in commonnot published

Method

Side by side

PCOV Principal Equity Premium Income ETF · Covered call SCLZ Swan Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly
Strategy covered call dividend stocks with call overlay
Benchmark none S&P 500 (SPY)
Pays not established monthly
Payout rate, annualized 7.2% 8.7%
Expense ratio 0.34% 0.79%
Cash paid, 1 year 1.9% (since launch, Aug 19, 2026) 8.5%
Price change, 1 year −2.0% (since launch, Aug 19, 2026) +1.6%
Total return, 1 year −0.1% (since launch, Aug 19, 2026) +10.6%
Benchmark return, 1 year not published +14.8%
Ahead or behind not available −4.2 pts
Return of capital, latest estimate not published not published
Age 77 days 2.7 years
Net assets, PCOV as of Nov 2, 2026 and SCLZ as of Jun 30, 2026 $10m $20m

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

Window by window: PCOV vs SCLZ: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowPCOVSCLZPCOVSCLZPCOVSCLZ
3 months–0.0%–2.1%–+0.2 pts
6 months–+4.4%–4.3%–−0.6 pts
1 year–+10.6%–8.5%–−4.2 pts
Since launchNot the same days: PCOV Aug 2026 · SCLZ Feb 2024−0.1%+35.4%1.9%21.2%not measured−20.8 pts

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About each fund
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.

SCLZ

Over the year to Nov 4, 2026, SCLZ paid 8.5% of its starting value in cash distributions while its price rose 1.6%. With every distribution reinvested, the fund returned +10.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.7%, paid monthly.

Questions people ask

Which is cheaper, PCOV or SCLZ?
PCOV charges 0.34% a year and SCLZ charges 0.79%, so PCOV is cheaper. Fees come from each fund's prospectus.
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ETFIQ, PCOV against SCLZ, data as of Nov 4, 2026. https://etfiq.com/compare/income/pcov-vs-sclz

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