Data as of .
SCEP vs SCLZ: which paid, and which earned it?
SCEP and SCLZ both write options for income.
What they hold in common
By the books each fund has filed, SCEP and SCLZ hold 52% of their money in the same securities at the same weight.
| Holding | SCEP | SCLZ |
|---|---|---|
| APPLE INC | 5.71% | 6.15% |
| NVIDIA CORP | 5.70% | 5.99% |
| ALPHABET INC | 5.98% | 5.18% |
| BROADCOM INC | 5.61% | 4.71% |
| AMAZON.COM INC | 4.68% | 3.75% |
| JP MORGAN CHASE & COMPANY | 3.55% | 3.50% |
| MICROSOFT CORP | 3.49% | 3.71% |
| META PLATFORMS INC | 2.23% | 3.34% |
| ADVANCED MICRO DEVICES INC | 2.19% | 5.14% |
| VISA INC | 1.98% | 2.27% |
| ABBVIE INC | 1.62% | 1.82% |
| JOHNSON & JOHNSON | 1.54% | 2.41% |
| Only in SCEP | Only in SCLZ |
|---|---|
| LAM RESEARCH CORP 2.64% | MICRON TECHNOLOGY INC 7.89% |
| PARKER-HANNIFIN CORP 2.63% | BERKSHIRE HATHAWAY INC 3.10% |
| ILLINOIS TOOL WORKS INC 2.07% | CISCO SYSTEMS INC 3.01% |
| AMPHENOL CORP 1.94% | GE AEROSPACE 2.74% |
| MONOLITHIC POWER SYSTEMS INC 1.89% | EXXON MOBIL CORP 1.92% |
| ANALOG DEVICES INC 1.87% | CATERPILLAR INC 1.84% |
| AIR PRODUCTS AND CHEMICALS INC 1.87% | TESLA INC 1.80% |
| VERTIV HOLDINGS COMPANY 1.82% | RTX CORP 1.35% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| SCEP | SCLZ | SCEP | SCLZ | SCEP | SCLZ | |
| 3 months | −0.1% | +2.9% | 1.7% | 2.1% | −2.4 pts | −3.6 pts |
| 6 months | +8.3% | +14.2% | 3.7% | 3.8% | −9.7 pts | +1.6 pts |
| 1 year | not published | +13.2% | not published | 8.4% | not published | −14.0 pts |
| Since launch | +3.5% | +36.5% | 5.0% | 19.6% | −8.2 pts | −6.3 pts |
| SCEP STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME ETF Covered call on SPY, paying monthly | SCLZ Swan Enhanced Dividend Income ETF Dividend stocks with call overlay on SCHD, paying monthly | |
|---|---|---|
| Issuer | Sterling Capital | Swan |
| Strategy | covered call | dividend stocks with call overlay |
| Benchmark | S&P 500 (SPY) | US dividend stocks (SCHD), used as the dividend proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 7.1% | 8.5% |
| Expense ratio | 0.65% | 0.79% |
| Cash paid, 1 year | 5.0% (since launch on Dec 11, 2025) | 8.4% |
| Price change, 1 year | −1.6% | +4.1% |
| Total return, 1 year | +3.5% (since launch on Dec 11, 2025) | +13.2% |
| Benchmark return, 1 year | +11.7% | +27.2% |
| Ahead or behind | −8.2 pts | −14.0 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 281 days | 934 days |
| Net assets | $235m | $20m |
SCEP in plain words
Over the period since launch on Dec 11, 2025 to Sep 18, 2026, SCEP paid 5.0% of its starting value in cash distributions while its price fell 1.6%. With every distribution reinvested, the fund returned +3.5%. S&P 500 (SPY) returned +11.7% over the same days, so a holder was behind by 8.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.1%, paid monthly.
SCLZ in plain words
Over the year to Sep 18, 2026, SCLZ paid 8.4% of its starting value in cash distributions while its price rose 4.1%. With every distribution reinvested, the fund returned +13.2%. US dividend stocks (SCHD), used as the dividend proxy returned +27.2% over the same days, so a holder was behind by 14.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.5%, paid monthly.
Questions people ask
- Which is cheaper, SCEP or SCLZ?
- SCEP charges 0.65% a year and SCLZ charges 0.79%, so SCEP 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, SCEP against SCLZ, data as of Sep 18, 2026. https://etfiq.com/compare/income/scep-vs-sclz Free to use with attribution; the underlying files are at Open data.