Data as of .
PCOV vs YSPC: which paid, and which earned it?
PCOV and YSPC both write options for income.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| PCOV | YSPC | PCOV | YSPC | PCOV | YSPC | |
| Since launch | −3.7% | +6.4% | 0.0% | 10.9% | −3.0 pts | +5.3 pts |
| PCOV Principal Equity Premium Income ETF Covered call on SPY | YSPC YieldMax(R) [SpaceX] Option Income Strategy ETF Synthetic covered call on SPY, paying weekly | |
|---|---|---|
| Issuer | Principal | YieldMax |
| Strategy | covered call | synthetic covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY), used as the proxy |
| Pays | not established | weekly |
| Payout rate, annualized | not published | 63.0% |
| Expense ratio | 0.34% | 1.01% |
| Cash paid, 1 year | 0.0% (since launch on Aug 19, 2026) | 10.9% (since launch on Jul 15, 2026) |
| Price change, 1 year | −3.7% | −5.3% |
| Total return, 1 year | −3.7% (since launch on Aug 19, 2026) | +6.4% (since launch on Jul 15, 2026) |
| Benchmark return, 1 year | −0.7% | +1.2% |
| Ahead or behind | −3.0 pts | +5.3 pts |
| Return of capital, latest estimate | not published | 0% |
| Age | 30 days | 65 days |
| Net assets | not published | $32m |
PCOV in plain words
Over the period since launch on Aug 19, 2026 to Sep 18, 2026, PCOV paid 0.0% of its starting value in cash distributions while its price fell 3.7%. With every distribution reinvested, the fund returned −3.7%. S&P 500 (SPY) returned −0.7% over the same days, so a holder was behind by 3.0 pts.
YSPC in plain words
Over the period since launch on Jul 15, 2026 to Sep 18, 2026, YSPC paid 10.9% of its starting value in cash distributions while its price fell 5.3%. With every distribution reinvested, the fund returned +6.4%. S&P 500 (SPY), used as the proxy returned +1.2% over the same days, so a holder was ahead by 5.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 63.0%, paid weekly. YieldMax estimates that 0% of the distribution paid Sep 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, PCOV or YSPC?
- PCOV charges 0.34% a year and YSPC charges 1.01%, so PCOV is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, PCOV against YSPC, data as of Sep 18, 2026. https://etfiq.com/compare/income/pcov-vs-yspc Free to use with attribution; the underlying files are at Open data.