Which paid more, RDVI or SCLZ?

Over the year to Nov 4, 2026, RDVI paid 9.1% of its starting price in cash and SCLZ paid 8.5%, so RDVI paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, RDVI or SCLZ?

With every distribution reinvested, RDVI returned +22.0% and SCLZ +10.6% over the year to Nov 4, 2026.

Which is cheaper, RDVI or SCLZ?

RDVI charges 0.75% a year and SCLZ charges 0.79%, so RDVI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

RDVI vs SCLZ: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, RDVI paid 9.1% of its price in cash against SCLZ’s 8.5%, and returned more with it reinvested.

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Net assets: $3.9bn on Nov 3, 2026 for FT Vest Rising Dividend Achievers Target Income ETF, and $20m on Jun 30, 2026 for Swan Enhanced Dividend Income ETF.

RDVI on its own →SCLZ on its own →

At a glance

9.1%

RDVI cash paid, 1 year

8.5%

SCLZ cash paid, 1 year

+22.0%

RDVI total return, 1 year

+10.6%

SCLZ total return, 1 year

RDVI · 1 year to Nov 4, 2026 About even with RDVY

RDVI

+22.0%

RDVY

+22.2%

About even with RDVY

RDVI over 1 year: paid 9.1%, price +12.2%, total +22.0%, RDVY +22.2%, −0.2 pts. Data to Nov 4, 2026.

RDVY

+22.2%

RDVI

+22.0%

9.1% of it arrived as cash

about even with RDVY

Total return, distributions reinvested

About even with RDVY

RDVI over 1 year: paid 9.1%, price +12.2%, total +22.0%, RDVY +22.2%, −0.2 pts. Data to Nov 4, 2026.

RDVY

+22.2%

RDVI

+22.0%

about even with RDVY

9.1% of it arrived as cash. Total return, distributions reinvested. RDVI over 1 year: paid 9.1%, price +12.2%, total +22.0%, RDVY +22.2%, −0.2 pts. 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%

4.2 pts behind SPY

8.5% of it arrived as cash. Both charts share one scale, 0 to +22.2%. SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +22.2%. Data to Nov 4, 2026.

Pair scorecard

RDVI costs 0.04 points a year less; their one-year returns differ by 11.4 points.

Points (pts) are percentage points.

RDVI vs SCLZ: Dividend Yield & Total Return
Measure	RDVI	SCLZ
Paid and earned
Measure	RDVI	SCLZ
Total return, 1 year	+22.0%	+10.6%
Price change, 1 year	rose 12.2%	rose 1.6%
Against its benchmark
Measure	RDVI	SCLZ
Benchmark	First Trust Rising Dividend Achievers ETF, measured through RDVY	S&P 500, measured through SPY
Cost and size
Measure	RDVI	SCLZ
Expense ratio	0.75%	0.79%
Net assets, RDVI as of Nov 3, 2026 and SCLZ as of Jun 30, 2026	$3.9bn	$20m
Holdings
Measure	RDVI	SCLZ
Holdings in common	18%

ETFIQ Distribution Coverage Score · RDVI scores higher How much of what it paid out did its total return cover?

IQ Income Score92.5RDVI71.6SCLZ

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

RDVI 92.5

SCLZ 71.6

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

Risk and return

Mar 8, 2024 to Oct 30, 2026 · 138 weekly returns

RDVI SCLZ

Return

Total return edge RDVI +49.2% +35.2%

Annualized edge RDVI +16.3% +12.0%

Price return edge RDVI +18.8% +11.0%

Risk

Volatility edge SCLZ 14.7% 10.0%

Max drawdown edge SCLZ −16.4% −10.5%

Downside capture 97.1% 74.2%

Beta 0.95 0.64

Risk-adjusted

Sharpe edge RDVI (slight) 0.81 0.75

Sortino edge RDVI (slight) 1.18 1.09

Treynor 0.126 0.119

Calmar edge SCLZ 1.00 1.15

Against the benchmark

Alpha −0.4% a year −0.5% a year

Alpha t-stat −0.67 −0.19

Information ratio −0.72 −0.77

Tracking error 1.3% 6.6%

Each against its own benchmark: RDVI against RDVY, Oct 28, 2022 to Oct 30, 2026; SCLZ against SPY, Mar 8, 2024 to Oct 30, 2026.

Reading

From Mar 2024 to Oct 2026, RDVI returned more: +49.2% to +35.2%. SCLZ swung less: 10.0% to 14.7%. SCLZ fell less at its worst: −10.5% to −16.4%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: RDVI vs SCLZ: Dividend Yield & Total Return
Measure	RDVI	SCLZ	Edge	How it is measured
Return
Total return	+49.2%	+35.2%	RDVI	Price change plus distributions, reinvested.
Annualized	+16.3%	+12.0%	RDVI	Total return as a yearly rate.
Price return	+18.8%	+11.0%	RDVI	Price change alone, distributions left out.
Risk
Volatility	14.7%	10.0%	SCLZ	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	10.1%	6.9%	SCLZ	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−16.4%	−10.5%	SCLZ	Deepest fall from a high to the low after it.
Upside capture	92.9%	58.8%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	97.1%	74.2%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.95	0.64	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.99	0.84	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.81	0.75	RDVI (slight)	Return above Treasury bills per unit of volatility.
Sortino	1.18	1.09	RDVI (slight)	Return above Treasury bills per unit of downside deviation.
Treynor	0.126	0.119		Return above Treasury bills per unit of beta.
Calmar	1.00	1.15	SCLZ	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	RDVY	SPY		The ETF each fund is measured against.
Alpha	−0.4% a year	−0.5% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.67	−0.19	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−1.5% to +0.7%	−5.4% to +4.5%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.72	−0.77		Return against its benchmark per unit of tracking error.
Tracking error	1.3%	6.6%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 138 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

18%

By the books each fund has filed, RDVI and SCLZ hold 18% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

18% in common

Positions both hold · largest shared weight first RDVI SCLZ

Visa Inc. (Class A) 2.35% 2.29%

Microsoft Corporation 2.16% 3.74%

NVIDIA Corporation 2.00% 6.03%

Meta Platforms, Inc. (Class A) 1.89% 3.36%

Micron Technology, Inc. 1.83% 7.95%

Apple Inc. 1.63% 6.20%

Alphabet Inc. (Class A) 1.57% 5.22%

GE Aerospace 1.38% 2.76%

Wells Fargo & Company 1.53% 1.17%

Mastercard Incorporated 1.08% 1.75%

Costco Wholesale Corporation 2.02% 0.90%

Cisco Systems, Inc. 0.48% 3.03%

Only in one fund ↓

Only in RDVI

The Travelers Companies, Inc. 2.39%

Accenture plc 2.35%

Veralto Corporation 2.34%

Automatic Data Processing, Inc. 2.32%

The Allstate Corporation 2.23%

Expedia Group, Inc. 2.17%

Chubb Limited 2.16%

The Bank of New York Mellon Corporation 2.15%

Only in SCLZ

ADVANCED MICRO DEVICES INC 5.18%

BROADCOM INC 4.74%

ELI LILLY & COMPANY 3.88%

AMAZON.COM INC 3.77%

JP MORGAN CHASE & COMPANY 3.53%

BERKSHIRE HATHAWAY INC 3.12%

JOHNSON & JOHNSON 2.43%

EXXON MOBIL CORP 1.94%

Check overlap with more funds →

Side by side

RDVI FT Vest Rising Dividend Achievers Target Income ETF · Writes calls on the S&P 500, measured against the Nasdaq US Rising Dividend Achievers Index, paying monthly SCLZ Swan Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly

Issuer First Trust Swan

Strategy dividend stocks with call overlay dividend stocks with call overlay

Benchmark First Trust Rising Dividend Achievers ETF (RDVY) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 8.3% 8.7%

Expense ratio 0.75% 0.79%

Cash paid, 1 year 9.1% 8.5%

Price change, 1 year +12.2% +1.6%

Total return, 1 year +22.0% +10.6%

Benchmark return, 1 year +22.2% +14.8%

Ahead or behind −0.2 pts −4.2 pts

Return of capital, latest estimate 40% not published

Age 4.0 years 2.7 years

Net assets, RDVI as of Nov 3, 2026 and SCLZ as of Jun 30, 2026 $3.9bn $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: RDVI vs SCLZ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	RDVI	SCLZ	RDVI	SCLZ	RDVI	SCLZ
3 months	−1.9%	0.0%	2.0%	2.1%	+0.6 pts	+0.2 pts
6 months	+7.9%	+4.4%	4.3%	4.3%	+0.1 pts	−0.6 pts
1 year	+22.0%	+10.6%	9.1%	8.5%	−0.2 pts	−4.2 pts
3 years	+76.0%	–	30.9%	–	−6.4 pts	–
Since launchNot the same days: RDVI Oct 2022 · SCLZ Feb 2024	+106.5%	+35.4%	43.0%	21.2%	−8.4 pts	−20.8 pts

– means no data for this window. Open this comparison in the app →

Client brief

No client brief for this pair: the two funds' holdings are dated 126 days apart.

Alert

About each fund

RDVI

Over the year to Nov 4, 2026, RDVI paid 9.1% of its starting value in cash distributions while its price rose 12.2%. With every distribution reinvested, the fund returned +22.0%. First Trust Rising Dividend Achievers ETF (RDVY) returned +22.2% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 8.3%, paid monthly. First Trust estimates that 40% 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.

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 paid more, RDVI or SCLZ?: Over the year to Nov 4, 2026, RDVI paid 9.1% of its starting price in cash and SCLZ paid 8.5%, so RDVI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, RDVI or SCLZ?: With every distribution reinvested, RDVI returned +22.0% and SCLZ +10.6% over the year to Nov 4, 2026.
Which is cheaper, RDVI or SCLZ?: RDVI charges 0.75% a year and SCLZ charges 0.79%, so RDVI is cheaper. Fees come from each fund's prospectus.

Other comparisons

RDVI vs APRJ RDVI vs BIGY RDVI vs JANH RDVI vs ACKY SCLZ vs KNG SCLZ vs SDVD SCLZ vs FEPI SCLZ vs DJIA

Where to next

First Trust Rising Dividend Achievers ETF (RDVY) →S&P 500 (SPY) →RDVI on its own →SCLZ on its own →RDVI dividend history →RDVI holdings →SCLZ dividend history →SCLZ holdings →Method →Standards and sources →

Sources and dates

RDVI filings on SEC EDGAR ↗

RDVI prospectus with the expense ratio (SEC) ↗

RDVI 19a-1 distribution notice ↗

First Trust page for RDVI ↗

SCLZ filings on SEC EDGAR ↗

SCLZ prospectus with the expense ratio (SEC) ↗

Swan website ↗

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

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, RDVI against SCLZ, data as of Nov 4, 2026. https://etfiq.com/compare/income/rdvi-vs-sclz

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