Which is cheaper, RECI or SCLZ?

RECI charges 0.30% a year and SCLZ charges 0.79%, so RECI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

RECI vs SCLZ: Dividend Yield & Total Return

RECI and SCLZ both write options for income.

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Net assets: $20m on Jun 30, 2026 for Swan Enhanced Dividend Income ETF, beside Columbia Research Enhanced Core Premium Income ETF.

RECI on its own →SCLZ on its own →

At a glance

1.5%

RECI cash paid, since launch, Jul 14, 2026

8.5%

SCLZ cash paid, 1 year

+3.7%

RECI total return, since launch, Jul 14, 2026

+10.6%

SCLZ total return, 1 year

RECI · since launch to Nov 4, 2026 Not measured

RECI

+3.7%

none

Not measured

RECI since launch: paid 1.5%, price +2.1%, total +3.7%, not measured against a benchmark. Data to Nov 4, 2026.

RECI

+3.7%

Total return, distributions reinvested

Not measured

RECI since launch: paid 1.5%, price +2.1%, total +3.7%, not measured against a benchmark. Data to Nov 4, 2026.

RECI

+3.7%

1.5% of it arrived as cash. Total return, distributions reinvested. RECI since launch: paid 1.5%, price +2.1%, total +3.7%, not measured against a benchmark. 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%

8.5% cash

4.2 pts behind SPY

8.5% of it arrived as cash. Both charts share one scale, 0 to +14.8%. 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 +14.8%. Data to Nov 4, 2026.

Pair scorecard

RECI costs 0.49 points a year less.

Points (pts) are percentage points.

RECI vs SCLZ: Dividend Yield & Total Return
Measure	RECI	SCLZ
Paid and earned
Measure	RECI	SCLZ
Total return, 1 year	not published	+10.6%
Price change	rose 2.1% (since Jul 14, 2026)	rose 1.6% (1 year)
Return of capital, issuer estimate	78% of the Oct 5, 2026 payment
Against its benchmark
Measure	RECI	SCLZ
Benchmark	not published	S&P 500, measured through SPY
Cost and size
Measure	RECI	SCLZ
Expense ratio	0.30%	0.79%
Net assets	not read by ETFIQ	$20m
Holdings
Measure	RECI	SCLZ
Holdings in common	not published

Method

Side by side

RECI Columbia Research Enhanced Core Premium Income ETF · Covered call, paying monthly SCLZ Swan Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly

Issuer Columbia Swan

Strategy covered call dividend stocks with call overlay

Benchmark none S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 8.0% 8.7%

Expense ratio 0.30% 0.79%

Cash paid, 1 year 1.5% (since launch, Jul 14, 2026) 8.5%

Price change, 1 year +2.1% (since launch, Jul 14, 2026) +1.6%

Total return, 1 year +3.7% (since launch, Jul 14, 2026) +10.6%

Benchmark return, 1 year not published +14.8%

Ahead or behind not available −4.2 pts

Return of capital, latest estimate 78% not published

Age 113 days 2.7 years

Net assets not read by ETFIQ $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: RECI vs SCLZ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	RECI	SCLZ	RECI	SCLZ	RECI	SCLZ
3 months	+3.5%	0.0%	1.5%	2.1%	not measured	+0.2 pts
6 months	–	+4.4%	–	4.3%	–	−0.6 pts
1 year	–	+10.6%	–	8.5%	–	−4.2 pts
Since launchNot the same days: RECI Jul 2026 · SCLZ Feb 2024	+3.7%	+35.4%	1.5%	21.2%	not measured	−20.8 pts

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Alert

About each fund

RECI

Over the period from its first trade on Jul 14, 2026 to Nov 4, 2026, RECI paid 1.5% of its starting value in cash distributions while its price rose 2.1%. With every distribution reinvested, the fund returned +3.7%. At its price on Nov 4, 2026 the latest distribution annualizes to 8.0%, paid monthly. Columbia estimates that 78% of the distribution paid Oct 5, 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 is cheaper, RECI or SCLZ?: RECI charges 0.30% a year and SCLZ charges 0.79%, so RECI is cheaper. Fees come from each fund's prospectus.

Other comparisons

RECI vs DRKY RECI vs APRH RECI vs APRJ RECI vs BIGY SCLZ vs CDPI SCLZ vs DDDD SCLZ vs DYLG SCLZ vs FDND

Where to next

S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →RECI on its own →SCLZ on its own →RECI dividend history →SCLZ dividend history →SCLZ holdings →Method →Standards and sources →

Sources and dates

RECI filings on SEC EDGAR ↗

RECI prospectus with the expense ratio (SEC) ↗

RECI 19a-1 distribution notice ↗

Columbia website ↗

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

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

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

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