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.

Data as of Nov 4, 2026.

Income ETFs

SCEP vs SCLZ: Dividend Yield & Total Return

SCEP and SCLZ both write options for income.

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Net assets on Jun 30, 2026: $235m for STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME ETF and $20m for Swan Enhanced Dividend Income ETF.

SCEP on its own →SCLZ on its own →

At a glance

6.1%

SCEP cash paid, since launch, Dec 11, 2025

8.5%

SCLZ cash paid, 1 year

+5.3%

SCEP total return, since launch, Dec 11, 2025

+10.6%

SCLZ total return, 1 year

SCEP · since launch to Nov 4, 2026 Not measured

SCEP

+5.3%

none

Not measured

SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.

SCEP

+5.3%

6.1% of it arrived as cash

Total return, distributions reinvested

Not measured

SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.

SCEP

+5.3%

6.1% of it arrived as cash. Total return, distributions reinvested. SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, 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, with zero at the line. SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

SCEP costs 0.14 points a year less; SCEP is 11.8 times larger.

Points (pts) are percentage points.

SCEP vs SCLZ: Dividend Yield & Total Return
Measure	SCEP	SCLZ
Paid and earned
Measure	SCEP	SCLZ
Total return, 1 year	not published	+10.6%
Price change	fell 1.1% (6 months)	rose 1.6% (1 year)
Return of capital, issuer estimate	100% of the Oct 5, 2026 payment
Against its benchmark
Measure	SCEP	SCLZ
Benchmark	its own stocks	S&P 500, measured through SPY
Cost and size
Measure	SCEP	SCLZ
Expense ratio	0.65%	0.79%
Net assets, as of Jun 30, 2026	$235m	$20m
Holdings
Measure	SCEP	SCLZ
Holdings in common	51%

Method

What they share

51%

By the books each fund has filed, SCEP and SCLZ hold 51% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

50%

0 half 100%

half

51% in common

Positions both hold · largest shared weight first SCEP SCLZ

APPLE INC 5.61% 6.20%

NVIDIA CORP 5.61% 6.03%

ALPHABET INC 5.88% 5.22%

BROADCOM INC 5.51% 4.74%

AMAZON.COM INC 4.60% 3.77%

JP MORGAN CHASE & COMPANY 3.50% 3.53%

MICROSOFT CORP 3.43% 3.74%

META PLATFORMS INC 2.19% 3.36%

ADVANCED MICRO DEVICES INC 2.16% 5.18%

VISA INC 1.94% 2.29%

ABBVIE INC 1.60% 1.84%

JOHNSON & JOHNSON 1.51% 2.43%

Only in one fund ↓

Only in SCEP

LAM RESEARCH CORP 2.60%

PARKER-HANNIFIN CORP 2.59%

ILLINOIS TOOL WORKS INC 2.04%

AMPHENOL CORP 1.90%

MONOLITHIC POWER SYSTEMS INC 1.86%

ANALOG DEVICES INC 1.84%

AIR PRODUCTS AND CHEMICALS INC 1.84%

VERTIV HOLDINGS COMPANY 1.79%

Only in SCLZ

MICRON TECHNOLOGY INC 7.95%

BERKSHIRE HATHAWAY INC 3.12%

CISCO SYSTEMS INC 3.03%

GE AEROSPACE 2.76%

EXXON MOBIL CORP 1.94%

CATERPILLAR INC 1.86%

TESLA INC 1.81%

RTX CORP 1.36%

Check overlap with more funds →

Side by side

SCEP STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME ETF · Covered call on its own stocks, paying monthly SCLZ Swan Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly

Issuer Sterling Capital Swan

Strategy covered call dividend stocks with call overlay

Benchmark SCEP's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 7.0% 8.7%

Expense ratio 0.65% 0.79%

Cash paid, 1 year 6.1% (since launch, Dec 11, 2025) 8.5%

Price change, 1 year −1.0% (since launch, Dec 11, 2025) +1.6%

Total return, 1 year +5.3% (since launch, Dec 11, 2025) +10.6%

Benchmark return, 1 year not published +14.8%

Ahead or behind not available −4.2 pts

Return of capital, latest estimate 100% not published

Age 328 days 2.7 years

Net assets, as of Jun 30, 2026 $235m $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: SCEP vs SCLZ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	SCEP	SCLZ	SCEP	SCLZ	SCEP	SCLZ
3 months	−1.2%	0.0%	1.7%	2.1%	+0.8 pts	+0.2 pts
6 months	+2.4%	+4.4%	3.5%	4.3%	+0.4 pts	−0.6 pts
1 year	–	+10.6%	–	8.5%	–	−4.2 pts
Since launchNot the same days: SCEP Dec 2025 · SCLZ Feb 2024	+5.3%	+35.4%	6.1%	21.2%	not measured	−20.8 pts

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Alert

About each fund

SCEP

SCEP's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned +2.1% over the same days, so a holder was about even.

Over the 6 months to Nov 4, 2026, SCEP paid 3.5% of its starting value in cash distributions while its price fell 1.1%. With every distribution reinvested, the fund returned +2.4%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.0%, paid monthly. Sterling Capital estimates that 100% 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, 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

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Where to next

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

Sources and dates

SCEP filings on SEC EDGAR ↗

SCEP prospectus with the expense ratio (SEC) ↗

SCEP 19a-1 distribution notice ↗

Sterling Capital 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

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

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