Data as of Nov 4, 2026.
SCEP vs TCAL: Dividend Yield & Total Return
SCEP and TCAL 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 $324m on Nov 3, 2026 for T. Rowe Price Capital Appreciation 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% 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, 2026.3.4 pts behind its own stocks
TCAL over 1 year: paid 11.4%, price −1.2%, total +11.2%, its own stocks +14.6%, −3.4 pts. Data to Nov 4, 2026.
its own stocks
+14.6%
TCAL
+11.2%
11.4% of it arrived as cash
3.4 pts behind its own stocks
Total return, distributions reinvested
3.4 pts behind its own stocks
TCAL over 1 year: paid 11.4%, price −1.2%, total +11.2%, its own stocks +14.6%, −3.4 pts. Data to Nov 4, 2026.
its own stocks
+14.6%
TCAL
+11.2%
11.4% as cash
11.4% of it arrived as cash. Both charts share one scale, with zero at the line. TCAL over 1 year: paid 11.4%, price −1.2%, total +11.2%, its own stocks +14.6%, −3.4 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
TCAL costs 0.31 points a year less.
Points (pts) are percentage points.
| Measure | SCEP | TCAL |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +11.2% |
| Price change | fell 1.1% (6 months) | fell 1.2% (1 year) |
| Return of capital, issuer estimate | 100% of the Oct 5, 2026 payment | |
| Against its benchmark | ||
| Benchmark | its own stocks | its own stocks |
| Cost and size | ||
| Expense ratio | 0.65% | 0.34% |
| Net assets, SCEP as of Jun 30, 2026 and TCAL as of Nov 3, 2026 | $235m | $324m |
| Holdings | ||
| Holdings in common | 21% | |
What they share
By the books each fund has filed, SCEP and TCAL hold 21% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.
half
21% 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 | TCAL | SCEP | TCAL | SCEP | TCAL |
| 3 months | −1.2% | +5.3% | 1.7% | 2.6% | +0.8 pts | −1.8 pts |
| 6 months | +2.4% | +12.3% | 3.5% | 6.3% | +0.4 pts | −0.9 pts |
| 1 year | – | +11.2% | – | 11.4% | – | −3.5 pts |
| Since launchNot the same days: SCEP Dec 2025 · TCAL Mar 2025 | +5.3% | +12.0% | 6.1% | 16.9% | not measured | not measured |
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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.
TCAL
Over the year to Nov 4, 2026, TCAL paid 11.4% of its starting value in cash distributions while its price fell 1.2%. With every distribution reinvested, the fund returned +11.2%. TCAL's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned +14.6% over the same days, so a holder was behind by 3.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 13.0%, paid monthly.
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 TCAL, data as of Nov 4, 2026. https://etfiq.com/compare/income/scep-vs-tcal
ETFIQ. (Nov 4, 2026). SCEP against TCAL. Retrieved from https://etfiq.com/compare/income/scep-vs-tcal
[SCEP against TCAL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/scep-vs-tcal)
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