Data as of .
SCEP vs TCAL: which paid, and which earned it?
SCEP and TCAL both write options for income.
What they hold in common
By the books each fund has filed, SCEP and TCAL hold 21% of their money in the same securities at the same weight.
| Holding | SCEP | TCAL |
|---|---|---|
| VISA INC | 1.98% | 1.69% |
| AMAZON.COM INC | 4.68% | 1.53% |
| MICROSOFT CORP | 3.49% | 1.50% |
| COSTCO WHOLESALE CORP | 2.40% | 1.20% |
| ADVANCED MICRO DEVICES INC | 2.19% | 1.04% |
| WASTE MANAGEMENT INC | 1.03% | 1.44% |
| REPUBLIC SERVICES INC | 1.02% | 1.47% |
| META PLATFORMS INC | 2.23% | 1.01% |
| CHUBB LTD (SWITZERLAND) | 1.56% | 1.00% |
| PROCTER & GAMBLE COMPANY (THE) | 1.03% | 0.96% |
| BROADCOM INC | 5.61% | 0.95% |
| NETFLIX INC | 1.01% | 0.95% |
| Only in SCEP | Only in TCAL |
|---|---|
| ALPHABET INC 5.98% | DANAHER CORP 2.01% |
| APPLE INC 5.71% | WATERS CORP 1.97% |
| NVIDIA CORP 5.70% | VERALTO CORP 1.87% |
| LAM RESEARCH CORP 2.64% | WASTE CONNECTIONS INC 1.80% |
| PARKER-HANNIFIN CORP 2.63% | YUM BRANDS INC 1.72% |
| WILLIAMS COMPANIES INC (THE) 2.15% | LINDE PLC 1.63% |
| EQUINIX INC 2.05% | LOCKHEED MARTIN CORP 1.60% |
| AMPHENOL CORP 1.94% | NORTHROP GRUMMAN CORP 1.56% |
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 | TCAL | SCEP | TCAL | SCEP | TCAL | |
| 3 months | −0.1% | +4.2% | 1.7% | 3.5% | −2.4 pts | +1.9 pts |
| 6 months | +8.3% | +5.3% | 3.7% | 6.3% | −9.7 pts | −12.7 pts |
| 1 year | not published | +3.0% | not published | 11.4% | not published | −13.5 pts |
| Since launch | +3.5% | +3.9% | 5.0% | 15.2% | −8.2 pts | −32.7 pts |
| SCEP STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME ETF Covered call on SPY, paying monthly | TCAL T. Rowe Price Capital Appreciation Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Sterling Capital | T. Rowe Price |
| Strategy | covered call | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 7.1% | 9.4% |
| Expense ratio | 0.65% | 0.34% |
| Cash paid, 1 year | 5.0% (since launch on Dec 11, 2025) | 11.4% |
| Price change, 1 year | −1.6% | −8.6% |
| Total return, 1 year | +3.5% (since launch on Dec 11, 2025) | +3.0% |
| Benchmark return, 1 year | +11.7% | +16.6% |
| Ahead or behind | −8.2 pts | −13.5 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 281 days | 540 days |
| Net assets | $235m | $276m |
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.
TCAL in plain words
Over the year to Sep 18, 2026, TCAL paid 11.4% of its starting value in cash distributions while its price fell 8.6%. With every distribution reinvested, the fund returned +3.0%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 13.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.4%, paid monthly.
Questions people ask
- Which is cheaper, SCEP or TCAL?
- SCEP charges 0.65% a year and TCAL charges 0.34%, so TCAL 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 TCAL, data as of Sep 18, 2026. https://etfiq.com/compare/income/scep-vs-tcal Free to use with attribution; the underlying files are at Open data.