SCA vs TLA: which paid, and which earned it?
SCA and TLA both write options for income. GraniteShares Autocallable SMCI ETF and GraniteShares Autocallable TSLA ETF.
10.3 pts ahead of SMCI
SCA since launch: paid 12.8%, price +2.9%, total +17.8%, SMCI +7.5%, +10.3 pts.
SMCI
+7.5%
SCA
+17.8%
12.8% of it arrived as cash
10.3 pts ahead of SMCI
Total return, distributions reinvested
10.3 pts ahead of SMCI
SCA since launch: paid 12.8%, price +2.9%, total +17.8%, SMCI +7.5%, +10.3 pts.
SMCI
+7.5%
SCA
+17.8%
10.3 pts ahead of SMCI
12.8% of it arrived as cash. Total return, distributions reinvested. SCA since launch: paid 12.8%, price +2.9%, total +17.8%, SMCI +7.5%, +10.3 pts.
26.3 pts ahead of TSLA
TLA since launch: paid 11.1%, price −1.4%, total +10.4%, TSLA −15.9%, +26.3 pts.
TSLA
−15.9%
TLA
+10.4%
11.1% as cash
26.3 pts ahead of TSLA
Total return, distributions reinvested
26.3 pts ahead of TSLA
TLA since launch: paid 11.1%, price −1.4%, total +10.4%, TSLA −15.9%, +26.3 pts.
TSLA
−15.9%
TLA
+10.4%
26.3 pts ahead of TSLA
11.1% of it arrived as cash. Both charts share one scale, 0 to +17.8%. TLA since launch: paid 11.1%, price −1.4%, total +10.4%, TSLA −15.9%, +26.3 pts.
Performance, window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | SCA | TLA | SCA | TLA | SCA | TLA |
| 3 months | +38.2% | +3.3% | 8.0% | 3.1% | −10.4 pts | +19.9 pts |
| 6 months | not published | +11.2% | not published | 8.2% | not published | +18.1 pts |
| Since launch SCA May 2026 · TLA Feb 2026 | +17.8% | +10.4% | 12.8% | 11.1% | +10.3 pts | +26.3 pts |
SCA and TLA over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
SCA and TLA on the same fields, as of Sep 30, 2026. Source: ETFIQ.
SCA in plain words
Over the period since launch on May 27, 2026 to Sep 30, 2026, SCA paid 12.8% of its starting value in cash distributions while its price rose 2.9%. With every distribution reinvested, the fund returned +17.8%. Super Micro (SMCI) returned +7.5% over the same days, so a holder was ahead by 10.3 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 36.6%, paid monthly. GraniteShares estimates that 29% of the distribution paid Sep 11, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
TLA in plain words
Over the period since launch on Feb 3, 2026 to Sep 30, 2026, TLA paid 11.1% of its starting value in cash distributions while its price fell 1.4%. With every distribution reinvested, the fund returned +10.4%. Tesla (TSLA) returned −15.9% over the same days, so a holder was ahead by 26.3 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 18.4%, paid monthly. GraniteShares estimates that 4% of the distribution paid Jun 5, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
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ETFIQ, SCA against TLA, data as of Sep 30, 2026. https://etfiq.com/compare/income/sca-vs-tla
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, SCA against TLA, data as of Sep 30, 2026. https://etfiq.com/compare/income/sca-vs-tla Free to use with attribution; the underlying files are at Open data.
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