Which is cheaper, PCOV or YLDE?

PCOV charges 0.34% a year and YLDE charges 0.48%, so PCOV is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

PCOV vs YLDE: Dividend Yield & Total Return

PCOV and YLDE both write options for income.

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Net assets: $10m on Nov 2, 2026 for Principal Equity Premium Income ETF, and $186m on Nov 3, 2026 for Franklin ClearBridge Enhanced Income ETF.

PCOV on its own →YLDE on its own →

At a glance

1.9%

PCOV cash paid, since launch, Aug 19, 2026

7.9%

YLDE cash paid, 1 year

−0.1%

PCOV total return, since launch, Aug 19, 2026

+19.0%

YLDE 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.

YLDE · 1 year to Nov 4, 2026 4.2 pts ahead of IWV

YLDE

+19.0%

IWV

+14.8%

4.2 pts ahead of IWV

YLDE over 1 year: paid 7.9%, price +10.5%, total +19.0%, IWV +14.8%, +4.2 pts. Data to Nov 4, 2026.

IWV

+14.8%

YLDE

+19.0%

7.9% of it arrived as cash

4.2 pts ahead of IWV

Total return, distributions reinvested

4.2 pts ahead of IWV

YLDE over 1 year: paid 7.9%, price +10.5%, total +19.0%, IWV +14.8%, +4.2 pts. Data to Nov 4, 2026.

IWV

+14.8%

YLDE

+19.0%

4.2 pts ahead of IWV

7.9% of it arrived as cash. Both charts share one scale, with zero at the line. YLDE over 1 year: paid 7.9%, price +10.5%, total +19.0%, IWV +14.8%, +4.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PCOV costs 0.14 points a year less; YLDE is 18.6 times larger.

Points (pts) are percentage points.

PCOV vs YLDE: Dividend Yield & Total Return
Measure	PCOV	YLDE
Paid and earned
Measure	PCOV	YLDE
Total return, 1 year	not published	+19.0%
Price change	fell 2.0% (since Aug 19, 2026)	rose 10.5% (1 year)
Against its benchmark
Measure	PCOV	YLDE
Benchmark	not published	iShares Russell 3000 ETF, measured through IWV
Cost and size
Measure	PCOV	YLDE
Expense ratio	0.34%	0.48%
Net assets, as of Nov 3, 2026	$10m	$186m
Holdings
Measure	PCOV	YLDE
Holdings in common	not published

Method

Side by side

PCOV Principal Equity Premium Income ETF · Covered call YLDE Franklin ClearBridge Enhanced Income ETF · Covered call on IWV, paying monthly

Issuer Principal Franklin

Strategy covered call covered call

Benchmark none iShares Russell 3000 ETF (IWV)

Pays not established monthly

Payout rate, annualized 7.2% 6.3%

Expense ratio 0.34% 0.48%

Cash paid, 1 year 1.9% (since launch, Aug 19, 2026) 7.9%

Price change, 1 year −2.0% (since launch, Aug 19, 2026) +10.5%

Total return, 1 year −0.1% (since launch, Aug 19, 2026) +19.0%

Benchmark return, 1 year not published +14.8%

Ahead or behind not available +4.2 pts

Return of capital, latest estimate not published 67%

Age 77 days 9.5 years

Net assets, PCOV as of Nov 2, 2026 and YLDE as of Nov 3, 2026 $10m $186m

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 YLDE: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	PCOV	YLDE	PCOV	YLDE	PCOV	YLDE
3 months	–	+3.2%	–	1.6%	–	+3.6 pts
6 months	–	+8.6%	–	4.0%	–	+3.7 pts
1 year	–	+19.0%	–	7.9%	–	+4.2 pts
3 years	–	+61.5%	–	18.0%	–	−19.5 pts
Since launchNot the same days: PCOV Aug 2026 · YLDE May 2017	−0.1%	+197.5%	1.9%	44.5%	not measured	−52.9 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.

YLDE

Over the year to Nov 4, 2026, YLDE paid 7.9% of its starting value in cash distributions while its price rose 10.5%. With every distribution reinvested, the fund returned +19.0%. iShares Russell 3000 ETF (IWV) returned +14.8% over the same days, so a holder was ahead by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.3%, paid monthly. Franklin estimates that 67% of the distribution paid Apr 6, 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 YLDE?: PCOV charges 0.34% a year and YLDE charges 0.48%, so PCOV is cheaper. Fees come from each fund's prospectus.

Other comparisons

PCOV vs VOOY PCOV vs DJIA PCOV vs DOGG PCOV vs MAGY YLDE vs YQQQ YLDE vs SIOO YLDE vs ACQQ YLDE vs YSPC

Where to next

iShares Russell 3000 ETF (IWV) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →PCOV on its own →YLDE on its own →PCOV dividend history →YLDE dividend history →YLDE holdings →Method →Standards and sources →

Sources and dates

PCOV filings on SEC EDGAR ↗

PCOV prospectus with the expense ratio (SEC) ↗

Principal website ↗

YLDE filings on SEC EDGAR ↗

YLDE prospectus with the expense ratio (SEC) ↗

YLDE 19a-1 distribution notice ↗

Franklin website ↗

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 YLDE, data as of Nov 4, 2026. https://etfiq.com/compare/income/pcov-vs-ylde

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