Data as of .
SCEP vs SEPI: which paid, and which earned it?
SCEP and SEPI both write options for income.
What they hold in common
By the books each fund has filed, SCEP and SEPI hold 34% of their money in the same securities at the same weight.
| Holding | SCEP | SEPI |
|---|---|---|
| APPLE INC | 5.71% | 5.24% |
| ALPHABET INC | 5.98% | 4.68% |
| NVIDIA CORP | 5.70% | 4.04% |
| MICROSOFT CORP | 3.49% | 3.42% |
| AMAZON.COM INC | 4.68% | 3.36% |
| BROADCOM INC | 5.61% | 3.08% |
| META PLATFORMS INC | 2.23% | 2.79% |
| ADVANCED MICRO DEVICES INC | 2.19% | 7.54% |
| JP MORGAN CHASE & COMPANY | 3.55% | 1.77% |
| JOHNSON & JOHNSON | 1.54% | 3.31% |
| WALMART INC | 1.05% | 1.69% |
| NETFLIX INC | 1.01% | 1.21% |
| Only in SCEP | Only in SEPI |
|---|---|
| LAM RESEARCH CORP 2.64% | CATERPILLAR INC 7.20% |
| PARKER-HANNIFIN CORP 2.63% | MICRON TECHNOLOGY INC 6.53% |
| COSTCO WHOLESALE CORP 2.40% | GOLDMAN SACHS GROUP INC (THE) 3.91% |
| WILLIAMS COMPANIES INC (THE) 2.15% | EXXON MOBIL CORP 3.08% |
| ILLINOIS TOOL WORKS INC 2.07% | MERCK & COMPANY INC 2.67% |
| EQUINIX INC 2.05% | EBAY INC 2.47% |
| VISA INC 1.98% | ARISTA NETWORKS INC 2.18% |
| AMPHENOL CORP 1.94% | DUKE ENERGY CORP 2.08% |
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 | SEPI | SCEP | SEPI | SCEP | SEPI | |
| 3 months | −0.1% | +5.4% | 1.7% | 2.1% | −2.4 pts | +3.2 pts |
| 6 months | +8.3% | +20.5% | 3.7% | 4.7% | −9.7 pts | +2.5 pts |
| 1 year | not published | +21.8% | not published | 7.5% | not published | +5.2 pts |
| Since launch | +3.5% | +24.4% | 5.0% | 7.7% | −8.2 pts | +5.4 pts |
| SCEP STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME ETF Covered call on SPY, paying monthly | SEPI Shelton Equity Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Sterling Capital | Shelton |
| Strategy | covered call | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 7.1% | 8.3% |
| Expense ratio | 0.65% | 0.54% |
| Cash paid, 1 year | 5.0% (since launch on Dec 11, 2025) | 7.5% |
| Price change, 1 year | −1.6% | +13.4% |
| Total return, 1 year | +3.5% (since launch on Dec 11, 2025) | +21.8% |
| Benchmark return, 1 year | +11.7% | +16.6% |
| Ahead or behind | −8.2 pts | +5.2 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 281 days | 375 days |
| Net assets | $235m | $152m |
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.
SEPI in plain words
Over the year to Sep 18, 2026, SEPI paid 7.5% of its starting value in cash distributions while its price rose 13.4%. With every distribution reinvested, the fund returned +21.8%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 5.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.3%, paid monthly.
Questions people ask
- Which is cheaper, SCEP or SEPI?
- SCEP charges 0.65% a year and SEPI charges 0.54%, so SEPI 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 SEPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/scep-vs-sepi Free to use with attribution; the underlying files are at Open data.