Which is cheaper, SCEP or SPIN?

SCEP charges 0.65% a year and SPIN charges 0.25%, so SPIN is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

SCEP vs SPIN: Dividend Yield & Total Return

SCEP and SPIN both write options for income.

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Net assets: $235m on Jun 30, 2026 for STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME ETF, and $45m on Nov 3, 2026 for State Street US Equity Premium Income ETF.

SCEP on its own →SPIN on its own →

At a glance

6.1%

SCEP cash paid, since launch, Dec 11, 2025

5.1%

SPIN cash paid, 1 year

+5.3%

SCEP total return, since launch, Dec 11, 2025

+9.3%

SPIN 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.

SPIN · 1 year to Nov 4, 2026 5.5 pts behind SPY

SPIN

+9.3%

SPY

+14.8%

5.5 pts behind SPY

SPIN over 1 year: paid 5.1%, price +3.9%, total +9.3%, SPY +14.8%, −5.5 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPIN

+9.3%

5.1% of it arrived as cash

5.5 pts behind SPY

Total return, distributions reinvested

5.5 pts behind SPY

SPIN over 1 year: paid 5.1%, price +3.9%, total +9.3%, SPY +14.8%, −5.5 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPIN

+9.3%

5.5 pts behind SPY

5.1% of it arrived as cash. Both charts share one scale, with zero at the line. SPIN over 1 year: paid 5.1%, price +3.9%, total +9.3%, SPY +14.8%, −5.5 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

SPIN costs 0.40 points a year less.

Points (pts) are percentage points.

SCEP vs SPIN: Dividend Yield & Total Return
Measure	SCEP	SPIN
Paid and earned
Measure	SCEP	SPIN
Total return, 1 year	not published	+9.3%
Price change	fell 1.1% (6 months)	rose 3.9% (1 year)
Return of capital, issuer estimate	100% of the Oct 5, 2026 payment	97% of the Nov 5, 2026 payment
Against its benchmark
Measure	SCEP	SPIN
Benchmark	its own stocks	S&P 500, measured through SPY
Cost and size
Measure	SCEP	SPIN
Expense ratio	0.65%	0.25%
Net assets, SCEP as of Jun 30, 2026 and SPIN as of Nov 3, 2026	$235m	$45m
Holdings
Measure	SCEP	SPIN
Holdings in common	48%

Method

What they share

48%

By the books each fund has filed, SCEP and SPIN hold 48% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

48% in common

Positions both hold · largest shared weight first SCEP SPIN

APPLE INC 5.61% 6.03%

NVIDIA CORP 5.61% 9.22%

AMAZON.COM INC 4.60% 4.87%

ALPHABET INC 5.88% 4.59%

MICROSOFT CORP 3.43% 7.47%

BROADCOM INC 5.51% 3.37%

META PLATFORMS INC 2.19% 2.93%

ADVANCED MICRO DEVICES INC 2.16% 1.94%

VISA INC 1.94% 1.73%

JOHNSON & JOHNSON 1.51% 1.87%

AMPHENOL CORP 1.90% 1.41%

HOME DEPOT INC (THE) 1.49% 1.39%

Only in one fund ↓

Only in SCEP

JP MORGAN CHASE & COMPANY 3.50%

WILLIAMS COMPANIES INC (THE) 2.11%

ILLINOIS TOOL WORKS INC 2.04%

MONOLITHIC POWER SYSTEMS INC 1.86%

ANALOG DEVICES INC 1.84%

AIR PRODUCTS AND CHEMICALS INC 1.84%

VERTIV HOLDINGS COMPANY 1.79%

AFLAC INC 1.68%

Only in SPIN

MICRON TECHNOLOGY INC 2.50%

EXXONMOBIL HOLDINGS CORP 2.28%

JPMORGAN CHASE + CO 2.13%

APPLIED MATERIALS INC 1.41%

BERKSHIRE HATHAWAY INC CL B 1.17%

WABTEC CORP 1.15%

UNITED RENTALS INC 1.13%

LINDE PLC 1.06%

Check overlap with more funds →

Side by side

SCEP STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME ETF · Covered call on its own stocks, paying monthly SPIN State Street US Equity Premium Income ETF · Covered call on SPY, paying monthly

Issuer Sterling Capital State Street

Strategy covered call covered call

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% 5.5%

Expense ratio 0.65% 0.25%

Cash paid, 1 year 6.1% (since launch, Dec 11, 2025) 5.1%

Price change, 1 year −1.0% (since launch, Dec 11, 2025) +3.9%

Total return, 1 year +5.3% (since launch, Dec 11, 2025) +9.3%

Benchmark return, 1 year not published +14.8%

Ahead or behind not available −5.5 pts

Return of capital, latest estimate 100% 97%

Age 328 days 2.2 years

Net assets, SCEP as of Jun 30, 2026 and SPIN as of Nov 3, 2026 $235m $45m

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 SPIN: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	SCEP	SPIN	SCEP	SPIN	SCEP	SPIN
3 months	−1.2%	+0.8%	1.7%	0.9%	+0.8 pts	+0.9 pts
6 months	+2.4%	+6.0%	3.5%	1.9%	+0.4 pts	+1.0 pts
1 year	–	+9.3%	–	5.1%	–	−5.5 pts
Since launchNot the same days: SCEP Dec 2025 · SPIN Sep 2024	+5.3%	+30.3%	6.1%	16.0%	not measured	−12.9 pts

– means no data for this window. Open this comparison in the app →

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.

SPIN

Over the year to Nov 4, 2026, SPIN paid 5.1% of its starting value in cash distributions while its price rose 3.9%. With every distribution reinvested, the fund returned +9.3%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 5.5 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.5%, paid monthly. State Street estimates that 97% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, SCEP or SPIN?: SCEP charges 0.65% a year and SPIN charges 0.25%, so SPIN is cheaper. Fees come from each fund's prospectus.

Other comparisons

SCEP vs ACSP SCEP vs SEPI SCEP vs DUBS SCEP vs TPRY SPIN vs TCAL SPIN vs GRNI SPIN vs HEMI SPIN vs CVRD

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 →SPIN on its own →SCEP dividend history →SCEP holdings →SPIN dividend history →SPIN 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 ↗

SPIN filings on SEC EDGAR ↗

SPIN prospectus with the expense ratio (SEC) ↗

SPIN 19a-1 distribution notice ↗

State Street 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 SPIN, data as of Nov 4, 2026. https://etfiq.com/compare/income/scep-vs-spin

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