Data as of Nov 4, 2026.
SCEP vs TSPY: Dividend Yield & Total Return
SCEP and TSPY 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 $311m for TappAlpha S&P 500 Growth & Daily 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, 2026.1.5 pts behind VOO
TSPY over 1 year: paid 14.0%, price −1.6%, total +13.3%, VOO +14.8%, −1.5 pts. Data to Nov 4, 2026.
VOO
+14.8%
TSPY
+13.3%
14.0% of it arrived as cash
1.5 pts behind VOO
Total return, distributions reinvested
1.5 pts behind VOO
TSPY over 1 year: paid 14.0%, price −1.6%, total +13.3%, VOO +14.8%, −1.5 pts. Data to Nov 4, 2026.
VOO
+14.8%
TSPY
+13.3%
14.0% as cash
1.5 pts behind VOO
14.0% of it arrived as cash. Both charts share one scale, with zero at the line. TSPY over 1 year: paid 14.0%, price −1.6%, total +13.3%, VOO +14.8%, −1.5 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
SCEP costs 0.03 points a year less; TSPY is 1.3 times larger.
Points (pts) are percentage points.
| Measure | SCEP | TSPY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +13.3% |
| Price change | fell 1.1% (6 months) | fell 1.6% (1 year) |
| Return of capital, issuer estimate | 100% of the Oct 5, 2026 payment | 100% of the Nov 4, 2026 payment |
| Against its benchmark | ||
| Benchmark | its own stocks | Vanguard S&P 500 ETF, measured through VOO |
| Cost and size | ||
| Expense ratio | 0.65% | 0.68% |
| Net assets, as of Jun 30, 2026 | $235m | $311m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, SCEP and TSPY hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.
half
0% 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 | TSPY | SCEP | TSPY | SCEP | TSPY |
| 3 months | −1.2% | +0.7% | 1.7% | 3.5% | +0.8 pts | +0.8 pts |
| 6 months | +2.4% | +5.2% | 3.5% | 7.0% | +0.4 pts | +0.2 pts |
| 1 year | – | +13.3% | – | 14.0% | – | −1.5 pts |
| Since launchNot the same days: SCEP Dec 2025 · TSPY Aug 2024 | +5.3% | +38.7% | 6.1% | 31.2% | 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.
TSPY
Over the year to Nov 4, 2026, TSPY paid 14.0% of its starting value in cash distributions while its price fell 1.6%. With every distribution reinvested, the fund returned +13.3%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 1.5 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 14.3%, paid monthly. TappAlpha estimates that 100% of the distribution paid Nov 4, 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 TSPY, data as of Nov 4, 2026. https://etfiq.com/compare/income/scep-vs-tspy
ETFIQ. (Nov 4, 2026). SCEP against TSPY. Retrieved from https://etfiq.com/compare/income/scep-vs-tspy
[SCEP against TSPY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/scep-vs-tspy)
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