Which is cheaper, PCOV or SDVD?

PCOV charges 0.34% a year and SDVD charges 0.85%, so PCOV is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

PCOV vs SDVD: Dividend Yield & Total Return

PCOV and SDVD both write options for income.

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Net assets: $10m on Nov 2, 2026 for Principal Equity Premium Income ETF, and $903m on Nov 3, 2026 for FT Vest SMID Rising Dividend Achievers Target Income ETF.

PCOV on its own →SDVD on its own →

At a glance

1.9%

PCOV cash paid, since launch, Aug 19, 2026

9.7%

SDVD cash paid, 1 year

−0.1%

PCOV total return, since launch, Aug 19, 2026

+18.9%

SDVD 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.

SDVD · 1 year to Nov 4, 2026 1.4 pts ahead of SDVY

SDVD

+18.9%

SDVY

+17.5%

1.4 pts ahead of SDVY

SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

SDVY

+17.5%

SDVD

+18.9%

9.7% of it arrived as cash

1.4 pts ahead of SDVY

Total return, distributions reinvested

1.4 pts ahead of SDVY

SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

SDVY

+17.5%

SDVD

+18.9%

9.7% cash

1.4 pts ahead of SDVY

9.7% of it arrived as cash. Both charts share one scale, with zero at the line. SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PCOV costs 0.51 points a year less; SDVD is far larger, $903m against $10m.

Points (pts) are percentage points.

PCOV vs SDVD: Dividend Yield & Total Return
Measure	PCOV	SDVD
Paid and earned
Measure	PCOV	SDVD
Total return, 1 year	not published	+18.9%
Price change	fell 2.0% (since Aug 19, 2026)	rose 8.6% (1 year)
Return of capital, issuer estimate		22% of the Oct 30, 2026 payment
Against its benchmark
Measure	PCOV	SDVD
Benchmark	not published	First Trust SMID Cap Rising Dividend Achievers ETF, measured through SDVY
Cost and size
Measure	PCOV	SDVD
Expense ratio	0.34%	0.85%
Net assets, as of Nov 3, 2026	$10m	$903m
Holdings
Measure	PCOV	SDVD
Holdings in common	not published

Method

Side by side

PCOV Principal Equity Premium Income ETF · Covered call SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF · Writes calls on the Russell 2000, investing in the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, paying monthly

Issuer Principal First Trust

Strategy covered call dividend stocks with call overlay

Benchmark none First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)

Pays not established monthly

Payout rate, annualized 7.2% 8.2%

Expense ratio 0.34% 0.85%

Cash paid, 1 year 1.9% (since launch, Aug 19, 2026) 9.7%

Price change, 1 year −2.0% (since launch, Aug 19, 2026) +8.6%

Total return, 1 year −0.1% (since launch, Aug 19, 2026) +18.9%

Benchmark return, 1 year not published +17.5%

Ahead or behind not available +1.4 pts

Return of capital, latest estimate not published 22%

Age 77 days 3.2 years

Net assets, PCOV as of Nov 2, 2026 and SDVD as of Nov 3, 2026 $10m $903m

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 SDVD: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	PCOV	SDVD	PCOV	SDVD	PCOV	SDVD
3 months	–	−2.3%	–	2.0%	–	+0.5 pts
6 months	–	+3.3%	–	4.1%	–	+0.9 pts
1 year	–	+18.9%	–	9.7%	–	+1.4 pts
3 years	–	+60.8%	–	31.3%	–	+1.0 pts
Since launchNot the same days: PCOV Aug 2026 · SDVD Aug 2023	−0.1%	+53.9%	1.9%	31.3%	not measured	+1.9 pts

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Alert

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.

SDVD

Over the year to Nov 4, 2026, SDVD paid 9.7% of its starting value in cash distributions while its price rose 8.6%. With every distribution reinvested, the fund returned +18.9%. First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) returned +17.5% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.2%, paid monthly. First Trust estimates that 22% 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

Which is cheaper, PCOV or SDVD?: PCOV charges 0.34% a year and SDVD charges 0.85%, so PCOV is cheaper. Fees come from each fund's prospectus.

Other comparisons

PCOV vs YYY PCOV vs YLDE PCOV vs VAIE PCOV vs YSPC SDVD vs CDPI SDVD vs QQDH SDVD vs TMGN SDVD vs VOOY

Where to next

First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →PCOV on its own →SDVD on its own →PCOV dividend history →SDVD dividend history →SDVD holdings →Method →Standards and sources →

Sources and dates

PCOV filings on SEC EDGAR ↗

PCOV prospectus with the expense ratio (SEC) ↗

Principal website ↗

SDVD filings on SEC EDGAR ↗

SDVD prospectus with the expense ratio (SEC) ↗

SDVD 19a-1 distribution notice ↗

First Trust page for SDVD ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, PCOV against SDVD, data as of Nov 4, 2026. https://etfiq.com/compare/income/pcov-vs-sdvd

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.