Data as of Nov 4, 2026.
SCEP vs SEPI: Dividend Yield & Total Return
SCEP and SEPI 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 $152m for Shelton Equity Premium Income ETF.
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% 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, 2026.3.1 pts ahead of SPY
SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SEPI
+17.9%
8.9% of it arrived as cash
3.1 pts ahead of SPY
Total return, distributions reinvested
3.1 pts ahead of SPY
SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SEPI
+17.9%
8.9% cash
3.1 pts ahead of SPY
8.9% of it arrived as cash. Both charts share one scale, with zero at the line. SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
SEPI costs 0.11 points a year less; SCEP is 1.5 times larger.
Points (pts) are percentage points.
| Measure | SCEP | SEPI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +17.9% |
| Price change | fell 1.1% (6 months) | rose 8.3% (1 year) |
| Return of capital, issuer estimate | 100% of the Oct 5, 2026 payment | 99% of the Sep 30, 2026 payment |
| Against its benchmark | ||
| Benchmark | its own stocks | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.65% | 0.54% |
| Net assets, as of Jun 30, 2026 | $235m | $152m |
| Holdings | ||
| Holdings in common | 35% | |
What they share
By the books each fund has filed, SCEP and SEPI hold 35% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.
half
35% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | SCEP | SEPI | SCEP | SEPI | SCEP | SEPI |
| 3 months | −1.2% | −0.1% | 1.7% | 2.1% | +0.8 pts | 0.0 pts |
| 6 months | +2.4% | +6.8% | 3.5% | 4.4% | +0.4 pts | +1.8 pts |
| 1 year | – | +17.9% | – | 8.9% | – | +3.1 pts |
| Since launchNot the same days: SCEP Dec 2025 · SEPI Sep 2025 | +5.3% | +23.5% | 6.1% | 10.0% | not measured | +3.7 pts |
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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.
SEPI
Over the year to Nov 4, 2026, SEPI paid 8.9% of its starting value in cash distributions while its price rose 8.3%. With every distribution reinvested, the fund returned +17.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 3.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.5%, paid monthly. Shelton estimates that 99% of the distribution paid Sep 30, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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 SEPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/scep-vs-sepi
ETFIQ. (Nov 4, 2026). SCEP against SEPI. Retrieved from https://etfiq.com/compare/income/scep-vs-sepi
[SCEP against SEPI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/scep-vs-sepi)
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