Which paid more, SCLZ or SEPI?

Over the year to Nov 4, 2026, SCLZ paid 8.5% of its starting price in cash and SEPI paid 8.9%, so SEPI paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, SCLZ or SEPI?

With every distribution reinvested, SCLZ returned +10.6% and SEPI +17.9% over the year to Nov 4, 2026.

Which is cheaper, SCLZ or SEPI?

SCLZ charges 0.79% a year and SEPI charges 0.54%, so SEPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

SCLZ vs SEPI: Dividend Yield & Total Return

Share on X Download as PDF

Over the year to Nov 4, 2026, SEPI paid 8.9% of its price in cash against SCLZ’s 8.5%, and returned more with it reinvested.

askIQ about this page

askIQ about SCLZ and SEPI

Net assets on Jun 30, 2026: $20m for Swan Enhanced Dividend Income ETF and $152m for Shelton Equity Premium Income ETF.

SCLZ on its own →SEPI on its own →

At a glance

8.5%

SCLZ cash paid, 1 year

8.9%

SEPI cash paid, 1 year

+10.6%

SCLZ total return, 1 year

+17.9%

SEPI total return, 1 year

SCLZ · 1 year to Nov 4, 2026 4.2 pts behind SPY

SCLZ

+10.6%

SPY

+14.8%

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% of it arrived as cash

4.2 pts behind SPY

Total return, distributions reinvested

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

4.2 pts behind SPY

8.5% of it arrived as cash. Total return, distributions reinvested. SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

SEPI · 1 year to Nov 4, 2026 3.1 pts ahead of SPY

SEPI

+17.9%

SPY

+14.8%

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, 0 to +17.9%. SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +17.9%. Data to Nov 4, 2026.

Pair scorecard

SEPI costs 0.25 points a year less; their one-year returns differ by 7.3 points; SEPI is 7.6 times larger.

Points (pts) are percentage points.

SCLZ vs SEPI: Dividend Yield & Total Return
Measure	SCLZ	SEPI
Paid and earned
Measure	SCLZ	SEPI
Total return, 1 year	+10.6%	+17.9%
Price change, 1 year	rose 1.6%	rose 8.3%
Against its benchmark
Measure	SCLZ	SEPI
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	SCLZ	SEPI
Expense ratio	0.79%	0.54%
Net assets, as of Jun 30, 2026	$20m	$152m
Holdings
Measure	SCLZ	SEPI
Holdings in common	55%

ETFIQ Distribution Coverage Score · SEPI scores higher How much of what it paid out did its total return cover?

IQ Income Score71.6SCLZ85.9SEPI

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

SCLZ 71.6

SEPI 85.9

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

55%

By the books each fund has filed, SCLZ and SEPI hold 55% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

50%

0 half 100%

half

55% in common

Positions both hold · largest shared weight first SCLZ SEPI

MICRON TECHNOLOGY INC 7.95% 6.79%

APPLE INC 6.20% 5.45%

ADVANCED MICRO DEVICES INC 5.18% 7.84%

ALPHABET INC 5.22% 4.86%

NVIDIA CORP 6.03% 4.20%

MICROSOFT CORP 3.74% 3.55%

AMAZON.COM INC 3.77% 3.50%

BROADCOM INC 4.74% 3.20%

META PLATFORMS INC 3.36% 2.90%

JOHNSON & JOHNSON 2.43% 3.44%

BERKSHIRE HATHAWAY INC 3.12% 1.94%

EXXON MOBIL CORP 1.94% 3.21%

Only in one fund ↓

Only in SCLZ

ELI LILLY & COMPANY 3.88%

CISCO SYSTEMS INC 3.03%

GE AEROSPACE 2.76%

VISA INC 2.29%

ABBVIE INC 1.84%

TESLA INC 1.81%

MASTERCARD INC 1.75%

HOME DEPOT INC (THE) 1.53%

Only in SEPI

GOLDMAN SACHS GROUP INC (THE) 4.07%

EBAY INC 2.57%

ARISTA NETWORKS INC 2.27%

GENERAL MOTORS COMPANY 2.03%

CARDINAL HEALTH INC 1.98%

AKAMAI TECHNOLOGIES INC 1.87%

CVS HEALTH CORP 1.86%

HILTON WORLDWIDE HOLDINGS INC 1.79%

Check overlap with more funds →

Side by side

SCLZ Swan Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly SEPI Shelton Equity Premium Income ETF · Covered call on SPY, paying monthly

Issuer Swan Shelton

Strategy dividend stocks with call overlay covered call

Benchmark S&P 500 (SPY) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 8.7% 8.5%

Expense ratio 0.79% 0.54%

Cash paid, 1 year 8.5% 8.9%

Price change, 1 year +1.6% +8.3%

Total return, 1 year +10.6% +17.9%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −4.2 pts +3.1 pts

Return of capital, latest estimate not published 99%

Age 2.7 years 1.2 years

Net assets, as of Jun 30, 2026 $20m $152m

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: SCLZ vs SEPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	SCLZ	SEPI	SCLZ	SEPI	SCLZ	SEPI
3 months	0.0%	−0.1%	2.1%	2.1%	+0.2 pts	0.0 pts
6 months	+4.4%	+6.8%	4.3%	4.4%	−0.6 pts	+1.8 pts
1 year	+10.6%	+17.9%	8.5%	8.9%	−4.2 pts	+3.1 pts
Since launchNot the same days: SCLZ Feb 2024 · SEPI Sep 2025	+35.4%	+23.5%	21.2%	10.0%	−20.8 pts	+3.7 pts

Open this comparison in the app →

Alert

About each fund

SCLZ

Over the year to Nov 4, 2026, SCLZ paid 8.5% of its starting value in cash distributions while its price rose 1.6%. With every distribution reinvested, the fund returned +10.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.7%, paid monthly.

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). That is a tax label, not a measure of erosion.

Questions people ask

Which paid more, SCLZ or SEPI?: Over the year to Nov 4, 2026, SCLZ paid 8.5% of its starting price in cash and SEPI paid 8.9%, so SEPI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, SCLZ or SEPI?: With every distribution reinvested, SCLZ returned +10.6% and SEPI +17.9% over the year to Nov 4, 2026.
Which is cheaper, SCLZ or SEPI?: SCLZ charges 0.79% a year and SEPI charges 0.54%, so SEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

SCLZ vs ACSP SCLZ vs ACKY SCLZ vs BIGY SCLZ vs JANJ SEPI vs APRH SEPI vs JANJ SEPI vs APRJ SEPI vs BIGY

Where to next

S&P 500 (SPY) →SCLZ on its own →SEPI on its own →SCLZ dividend history →SCLZ holdings →SEPI dividend history →SEPI holdings →Method →Standards and sources →

Sources and dates

SCLZ filings on SEC EDGAR ↗

SCLZ prospectus with the expense ratio (SEC) ↗

Swan website ↗

SEPI filings on SEC EDGAR ↗

SEPI prospectus with the expense ratio (SEC) ↗

SEPI 19a-1 distribution notice ↗

Shelton website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

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, SCLZ against SEPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/sclz-vs-sepi

Open data →

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