Which is cheaper, SCLZ or TMGN?

SCLZ charges 0.79% a year and TMGN charges 0.88%, so SCLZ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

SCLZ vs TMGN: Dividend Yield & Total Return

SCLZ and TMGN both write options for income.

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Net assets: $20m on Jun 30, 2026 for Swan Enhanced Dividend Income ETF, beside TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF.

SCLZ on its own →TMGN on its own →

At a glance

8.5%

SCLZ cash paid, 1 year

5.4%

TMGN cash paid, since launch, Jul 15, 2026

+10.6%

SCLZ total return, 1 year

+5.2%

TMGN total return, since launch, Jul 15, 2026

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%

8.5% cash

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.

TMGN · since launch to Nov 4, 2026 Not measured

TMGN

+5.2%

none

Not measured

TMGN since launch: paid 5.4%, price −0.1%, total +5.2%, not measured against a benchmark. Data to Nov 4, 2026.

TMGN

+5.2%

5.4% of it arrived as cash

Total return, distributions reinvested

Not measured

TMGN since launch: paid 5.4%, price −0.1%, total +5.2%, not measured against a benchmark. Data to Nov 4, 2026.

TMGN

+5.2%

5.4% of it arrived as cash. Both charts share one scale, with zero at the line. TMGN since launch: paid 5.4%, price −0.1%, total +5.2%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

SCLZ costs 0.09 points a year less.

Points (pts) are percentage points.

SCLZ vs TMGN: Dividend Yield & Total Return
Measure	SCLZ	TMGN
Paid and earned
Measure	SCLZ	TMGN
Total return, 1 year	+10.6%	not published
Price change	rose 1.6% (1 year)	fell 0.1% (since Jul 15, 2026)
Return of capital, issuer estimate		100% of the Oct 28, 2026 payment
Against its benchmark
Measure	SCLZ	TMGN
Benchmark	S&P 500, measured through SPY	not published
Cost and size
Measure	SCLZ	TMGN
Expense ratio	0.79%	0.88%
Net assets	$20m	not read by ETFIQ
Holdings
Measure	SCLZ	TMGN
Holdings in common	not published

Method

Side by side

SCLZ Swan Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly TMGN TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF · Option income, paying monthly

Issuer Swan TappAlpha

Strategy dividend stocks with call overlay option income

Benchmark S&P 500 (SPY) none

Pays monthly monthly

Payout rate, annualized 8.7% 21.7%

Expense ratio 0.79% 0.88%

Cash paid, 1 year 8.5% 5.4% (since launch, Jul 15, 2026)

Price change, 1 year +1.6% −0.1% (since launch, Jul 15, 2026)

Total return, 1 year +10.6% +5.2% (since launch, Jul 15, 2026)

Benchmark return, 1 year +14.8% not published

Ahead or behind −4.2 pts not available

Return of capital, latest estimate not published 100%

Age 2.7 years 112 days

Net assets $20m not read by ETFIQ

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 TMGN: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	SCLZ	TMGN	SCLZ	TMGN	SCLZ	TMGN
3 months	0.0%	+3.6%	2.1%	5.3%	+0.2 pts	not measured
6 months	+4.4%	–	4.3%	–	−0.6 pts	–
1 year	+10.6%	–	8.5%	–	−4.2 pts	–
Since launchNot the same days: SCLZ Feb 2024 · TMGN Jul 2026	+35.4%	+5.2%	21.2%	5.4%	−20.8 pts	not measured

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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.

TMGN

Over the period from its first trade on Jul 15, 2026 to Nov 4, 2026, TMGN paid 5.4% of its starting value in cash distributions while its price fell 0.1%. With every distribution reinvested, the fund returned +5.2%. At its price on Nov 4, 2026 the latest distribution annualizes to 21.7%, paid monthly. TappAlpha estimates that 100% of the distribution paid Oct 28, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, SCLZ or TMGN?: SCLZ charges 0.79% a year and TMGN charges 0.88%, so SCLZ is cheaper. Fees come from each fund's prospectus.

Other comparisons

SCLZ vs CDPI SCLZ vs SDVD SCLZ vs SIOO SCLZ vs VOOY TMGN vs DRKY TMGN vs APRH TMGN vs APRJ TMGN vs BIGY

Where to next

S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →SCLZ on its own →TMGN on its own →SCLZ dividend history →SCLZ holdings →TMGN dividend history →Method →Standards and sources →

Sources and dates

SCLZ filings on SEC EDGAR ↗

SCLZ prospectus with the expense ratio (SEC) ↗

Swan website ↗

TMGN filings on SEC EDGAR ↗

TMGN prospectus with the expense ratio (SEC) ↗

TMGN 19a-1 distribution notice ↗

TappAlpha website ↗

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

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

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

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