Data as of Nov 4, 2026.

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Income ETFs

SCA vs SMCY: Dividend Yield & Total Return

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SCA and SMCY both write options for income.

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Net assets on Nov 3, 2026: $3.8m for GraniteShares Autocallable SMCI ETF and $112m for YieldMax SMCI Option Income Strategy ETF.

At a glance
15.9%
SCA cash paid, since launch, May 27, 2026
40.2%
SMCY cash paid, 1 year
+8.6%
SCA total return, since launch, May 27, 2026
−37.9%
SMCY total return, 1 year
SCA · since launch to Nov 4, 2026 31.1 pts ahead of SMCI
SCA
+8.6%
SMCI
−22.5%

31.1 pts ahead of SMCI

SCA since launch: paid 15.9%, price −7.9%, total +8.6%, SMCI −22.5%, +31.1 pts. Data to Nov 4, 2026.

SMCI

−22.5%

SCA

+8.6%

15.9% as cash

31.1 pts ahead of SMCI

Total return, distributions reinvested

31.1 pts ahead of SMCI

SCA since launch: paid 15.9%, price −7.9%, total +8.6%, SMCI −22.5%, +31.1 pts. Data to Nov 4, 2026.

SMCI

−22.5%

SCA

+8.6%

31.1 pts ahead of SMCI

15.9% of it arrived as cash. Total return, distributions reinvested. SCA since launch: paid 15.9%, price −7.9%, total +8.6%, SMCI −22.5%, +31.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.
SMCY · 1 year to Nov 4, 2026 About even with SMCI
SMCY
−37.9%
SMCI
−37.6%

About even with SMCI

SMCY over 1 year: paid 40.2%, price −72.7%, total −37.9%, SMCI −37.6%, −0.3 pts. Data to Nov 4, 2026.

SMCI

−37.6%

SMCY

−37.9%

about even with SMCI

Total return, distributions reinvested

About even with SMCI

SMCY over 1 year: paid 40.2%, price −72.7%, total −37.9%, SMCI −37.6%, −0.3 pts. Data to Nov 4, 2026.

SMCI

−37.6%

SMCY

−37.9%

about even with SMCI

40.2% of it arrived as cash. Both charts share one scale, with zero at the line. SMCY over 1 year: paid 40.2%, price −72.7%, total −37.9%, SMCI −37.6%, −0.3 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

SMCY costs 0.17 points a year less; SMCY is far larger, $112m against $3.8m.

Points (pts) are percentage points.

SCA vs SMCY: Dividend Yield & Total Return
MeasureSCASMCY
Paid and earned
Total return, 1 yearnot published−37.9%
Price changefell 7.9% (since May 27, 2026)fell 72.7% (1 year)
Return of capital, issuer estimate29% of the Sep 11, 2026 payment95% of the Oct 30, 2026 payment
Against its benchmark
BenchmarkSuper Micro (SMCI)Super Micro (SMCI)
Cost and size
Expense ratio1.18%1.01%
Net assets, as of Nov 3, 2026$3.8m$112m
Holdings
Holdings in commonnot published

Method

Side by side

SCA GraniteShares Autocallable SMCI ETF · Autocallable on SMCI, paying monthly SMCY YieldMax SMCI Option Income Strategy ETF · Synthetic covered call on SMCI, paying weekly
Strategy autocallable synthetic covered call
Benchmark Super Micro (SMCI) Super Micro (SMCI)
Pays monthly weekly
Payout rate, annualized 40.3% 69.5%
Expense ratio 1.18% 1.01%
Cash paid, 1 year 15.9% (since launch, May 27, 2026) 40.2%
Price change, 1 year −7.9% (since launch, May 27, 2026) −72.7%
Total return, 1 year +8.6% (since launch, May 27, 2026) −37.9%
Benchmark return, 1 year −22.5% (since launch, May 27, 2026) −37.6%
Ahead or behind +31.1 pts (since launch, May 27, 2026) −0.3 pts
Return of capital, latest estimate 29% 95%
Age 161 days 2.1 years
Net assets, as of Nov 3, 2026 $3.8m $112m

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: SCA vs SMCY: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowSCASMCYSCASMCYSCASMCY
3 months+17.6%−2.7%11.0%21.2%+20.0 pts−0.4 pts
6 months–−18.1%–32.3%–−3.5 pts
1 year–−37.9%–40.2%–−0.4 pts
Since launchNot the same days: SCA May 2026 · SMCY Sep 2024+8.6%−47.8%15.9%64.7%+31.1 pts−14.8 pts

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About each fund
SCA

Over the period from its first trade on May 27, 2026 to Nov 4, 2026, SCA paid 15.9% of its starting value in cash distributions while its price fell 7.9%. With every distribution reinvested, the fund returned +8.6%. Super Micro (SMCI) returned −22.5% over the same days, so a holder was ahead by 31.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 40.3%, paid monthly. GraniteShares estimates that 29% of the distribution paid Sep 11, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

SMCY

Over the year to Nov 4, 2026, SMCY paid 40.2% of its starting value in cash distributions while its price fell 72.7%. With every distribution reinvested, the fund returned −37.9%. Super Micro (SMCI) returned −37.6% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 69.5%, paid weekly. YieldMax estimates that 95% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, SCA or SMCY?
SCA charges 1.18% a year and SMCY charges 1.01%, so SMCY is cheaper. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, SCA against SMCY, data as of Nov 4, 2026. https://etfiq.com/compare/income/sca-vs-smcy

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