Data as of .
SCLZ vs TPAY: which paid, and which earned it?
SCLZ and TPAY both write options for income.
What they hold in common
By the books each fund has filed, SCLZ and TPAY hold 0% of their money in the same securities at the same weight.
| Only in SCLZ | Only in TPAY |
|---|---|
| MICRON TECHNOLOGY INC 7.89% | SPY 03/12/2027 33.67 C 61.75% |
| APPLE INC 6.15% | SPY 04/16/2027 33.18 C 33.20% |
| NVIDIA CORP 5.99% | SPYM 03/12/2027 3.33 C 5.05% |
| ALPHABET INC 5.18% | |
| ADVANCED MICRO DEVICES INC 5.14% | |
| BROADCOM INC 4.71% | |
| ELI LILLY & COMPANY 3.86% | |
| AMAZON.COM INC 3.75% |
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 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| SCLZ | TPAY | SCLZ | TPAY | SCLZ | TPAY | |
| 3 months | +2.9% | +1.5% | 2.1% | 2.4% | −3.6 pts | −0.8 pts |
| 6 months | +14.2% | +17.3% | 3.8% | 5.3% | +1.6 pts | −0.7 pts |
| 1 year | +13.2% | not published | 8.4% | not published | −14.0 pts | not published |
| Since launch | +36.5% | +11.0% | 19.6% | 5.8% | −6.3 pts | −0.8 pts |
| SCLZ Swan Enhanced Dividend Income ETF Dividend stocks with call overlay on SCHD, paying monthly | TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Swan | Roundhill |
| Strategy | dividend stocks with call overlay | option income |
| Benchmark | US dividend stocks (SCHD), used as the dividend proxy | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 8.5% | 9.5% |
| Expense ratio | 0.79% | 0.49% |
| Cash paid, 1 year | 8.4% | 5.8% (since launch on Feb 18, 2026) |
| Price change, 1 year | +4.1% | +4.9% |
| Total return, 1 year | +13.2% | +11.0% (since launch on Feb 18, 2026) |
| Benchmark return, 1 year | +27.2% | +11.8% |
| Ahead or behind | −14.0 pts | −0.8 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 934 days | 212 days |
| Net assets | $20m | $2m |
SCLZ in plain words
Over the year to Sep 18, 2026, SCLZ paid 8.4% of its starting value in cash distributions while its price rose 4.1%. With every distribution reinvested, the fund returned +13.2%. US dividend stocks (SCHD), used as the dividend proxy returned +27.2% over the same days, so a holder was behind by 14.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.5%, paid monthly.
TPAY in plain words
Over the period since launch on Feb 18, 2026 to Sep 18, 2026, TPAY paid 5.8% of its starting value in cash distributions while its price rose 4.9%. With every distribution reinvested, the fund returned +11.0%. S&P 500 (SPY) returned +11.8% over the same days, so a holder was behind by 0.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.5%, paid monthly.
Questions people ask
- Which is cheaper, SCLZ or TPAY?
- SCLZ charges 0.79% a year and TPAY charges 0.49%, so TPAY 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, SCLZ against TPAY, data as of Sep 18, 2026. https://etfiq.com/compare/income/sclz-vs-tpay Free to use with attribution; the underlying files are at Open data.