Data as of .
SCLZ vs XSPI: which paid, and which earned it?
SCLZ and XSPI both write options for income.
What they hold in common
By the books each fund has filed, SCLZ and XSPI hold 54% of their money in the same securities at the same weight.
| Holding | SCLZ | XSPI |
|---|---|---|
| APPLE INC | 6.15% | 7.02% |
| NVIDIA CORP | 5.99% | 8.01% |
| AMAZON.COM INC | 3.75% | 3.87% |
| MICROSOFT CORP | 3.71% | 4.59% |
| ALPHABET INC | 5.18% | 3.43% |
| BROADCOM INC | 4.71% | 2.91% |
| MICRON TECHNOLOGY INC | 7.89% | 2.10% |
| META PLATFORMS INC | 3.34% | 1.84% |
| TESLA INC | 1.80% | 1.94% |
| ELI LILLY & COMPANY | 3.86% | 1.58% |
| ADVANCED MICRO DEVICES INC | 5.14% | 1.55% |
| BERKSHIRE HATHAWAY INC | 3.10% | 1.47% |
| Only in SCLZ | Only in XSPI |
|---|---|
| SOLSTICE ADVANCED MATERIALS INC 0.04% | Alphabet Inc 2.72% |
| Intel Corp 1.05% | |
| Applied Materials Inc 0.95% | |
| Lam Research Corp 0.88% | |
| KLA Corp 0.66% | |
| Bank of America Corp 0.63% | |
| UnitedHealth Group Inc 0.58% | |
| Procter & Gamble Co/The 0.53% |
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.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| SCLZ | XSPI | SCLZ | XSPI | SCLZ | XSPI | |
| 3 months | +2.9% | +3.7% | 2.1% | 4.2% | −3.6 pts | +1.4 pts |
| 6 months | +14.2% | +20.0% | 3.8% | 9.2% | +1.6 pts | +1.9 pts |
| 1 year | +13.2% | not published | 8.4% | not published | −14.0 pts | not published |
| Since launch | +36.5% | +11.6% | 19.6% | 11.1% | −6.3 pts | +0.2 pts |
| SCLZ Swan Enhanced Dividend Income ETF Dividend stocks with call overlay on SCHD, paying monthly | XSPI NEOS Boosted S&P 500(R) High Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Swan | NEOS |
| 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% | 17.1% |
| Expense ratio | 0.79% | 0.98% |
| Cash paid, 1 year | 8.4% | 11.1% (since launch on Feb 3, 2026) |
| Price change, 1 year | +4.1% | −0.3% |
| Total return, 1 year | +13.2% | +11.6% (since launch on Feb 3, 2026) |
| Benchmark return, 1 year | +27.2% | +11.3% |
| Ahead or behind | −14.0 pts | +0.2 pts |
| Return of capital, latest estimate | not published | 99% |
| Age | 934 days | 227 days |
| Net assets | $20m | $113m |
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.
XSPI in plain words
Over the period since launch on Feb 3, 2026 to Sep 18, 2026, XSPI paid 11.1% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned +11.6%. S&P 500 (SPY) returned +11.3% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 17.1%, paid monthly. NEOS estimates that 99% of the distribution paid Jul 10, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, SCLZ or XSPI?
- SCLZ charges 0.79% a year and XSPI charges 0.98%, so SCLZ 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 XSPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/sclz-vs-xspi Free to use with attribution; the underlying files are at Open data.