Data as of Nov 4, 2026.
PCOV vs SEPI: Dividend Yield & Total Return
PCOV and SEPI both write options for income.
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Net assets: $10m on Nov 2, 2026 for Principal Equity Premium Income ETF, and $152m on Jun 30, 2026 for Shelton 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, 2026.3.1 pts ahead of SPY
SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SEPI
+17.9%
8.9% of it arrived as cash
3.1 pts ahead of SPY
Total return, distributions reinvested
3.1 pts ahead of SPY
SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SEPI
+17.9%
8.9% cash
3.1 pts ahead of SPY
8.9% of it arrived as cash. Both charts share one scale, with zero at the line. SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
PCOV costs 0.20 points a year less.
Points (pts) are percentage points.
| Measure | PCOV | SEPI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +17.9% |
| Price change | fell 2.0% (since Aug 19, 2026) | rose 8.3% (1 year) |
| Against its benchmark | ||
| Benchmark | not published | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.34% | 0.54% |
| Net assets, PCOV as of Nov 2, 2026 and SEPI as of Jun 30, 2026 | $10m | $152m |
| 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 | SEPI | PCOV | SEPI | PCOV | SEPI |
| 3 months | – | −0.1% | – | 2.1% | – | 0.0 pts |
| 6 months | – | +6.8% | – | 4.4% | – | +1.8 pts |
| 1 year | – | +17.9% | – | 8.9% | – | +3.1 pts |
| Since launchNot the same days: PCOV Aug 2026 · SEPI Sep 2025 | −0.1% | +23.5% | 1.9% | 10.0% | not measured | +3.7 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.
SEPI
Over the year to Nov 4, 2026, SEPI paid 8.9% of its starting value in cash distributions while its price rose 8.3%. With every distribution reinvested, the fund returned +17.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 3.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.5%, paid monthly. Shelton estimates that 99% of the distribution paid Sep 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
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How this is computed
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, PCOV against SEPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/pcov-vs-sepi
ETFIQ. (Nov 4, 2026). PCOV against SEPI. Retrieved from https://etfiq.com/compare/income/pcov-vs-sepi
[PCOV against SEPI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/pcov-vs-sepi)
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