Data as of .
SEPI vs SPUT: which paid, and which earned it?
Over the year SEPI paid 7.5% of its price in cash against SPUT’s 5.2%, and returned more with it reinvested.
ETFIQ Return Stability Score: SEPI scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, SEPI and SPUT hold 23% of their money in the same securities at the same weight.
| Holding | SEPI | SPUT |
|---|---|---|
| NVIDIA CORP | 4.04% | 3.85% |
| APPLE INC | 5.24% | 3.22% |
| MICROSOFT CORP | 3.42% | 2.47% |
| AMAZON.COM INC | 3.36% | 2.09% |
| ALPHABET INC | 4.68% | 1.84% |
| BROADCOM INC | 3.08% | 1.60% |
| META PLATFORMS INC | 2.79% | 1.10% |
| JP MORGAN CHASE & COMPANY | 1.77% | 0.70% |
| EXXON MOBIL CORP | 3.08% | 0.54% |
| BERKSHIRE HATHAWAY INC | 1.87% | 0.54% |
| MICRON TECHNOLOGY INC | 6.53% | 0.48% |
| ADVANCED MICRO DEVICES INC | 7.54% | 0.47% |
| Only in SEPI | Only in SPUT |
|---|---|
| GOLDMAN SACHS GROUP INC (THE) 3.91% | TREASURY BILL 49.24% |
| AKAMAI TECHNOLOGIES INC 1.80% | Alphabet Inc 1.59% |
| Tesla Inc 0.91% | |
| Eli Lilly & Co 0.65% | |
| Visa Inc 0.46% | |
| Costco Wholesale Corp 0.37% | |
| Intel Corp 0.34% | |
| Mastercard Inc 0.33% |
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 Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| SEPI | SPUT | SEPI | SPUT | SEPI | SPUT | |
| 3 months | +5.4% | +2.4% | 2.1% | 1.1% | +3.2 pts | +0.1 pts |
| 6 months | +20.5% | +11.5% | 4.7% | 2.5% | +2.5 pts | −6.5 pts |
| 1 year | +21.8% | +11.5% | 7.5% | 5.2% | +5.2 pts | −5.1 pts |
| Since launch | +24.4% | +22.4% | 7.7% | 8.5% | +5.4 pts | −15.6 pts |
| SEPI Shelton Equity Premium Income ETF Covered call on SPY, paying monthly | SPUT Innovator Equity Premium Income - Daily PutWrite ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Shelton | Innovator |
| Strategy | covered call | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 8.3% | 4.7% |
| Expense ratio | 0.54% | 0.79% |
| Cash paid, 1 year | 7.5% | 5.2% |
| Price change, 1 year | +13.4% | +6.0% |
| Total return, 1 year | +21.8% | +11.5% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | +5.2 pts | −5.1 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 375 days | 553 days |
| Net assets | $152m | $17m |
SEPI in plain words
Over the year to Sep 18, 2026, SEPI paid 7.5% of its starting value in cash distributions while its price rose 13.4%. With every distribution reinvested, the fund returned +21.8%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 5.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.3%, paid monthly.
SPUT in plain words
Over the year to Sep 18, 2026, SPUT paid 5.2% of its starting value in cash distributions while its price rose 6.0%. With every distribution reinvested, the fund returned +11.5%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 5.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 4.7%, paid monthly.
Questions people ask
- Which paid more, SEPI or SPUT?
- Over the year to Sep 18, 2026, SEPI paid 7.5% of its starting price in cash and SPUT paid 5.2%, 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, SEPI or SPUT?
- With every distribution reinvested, SEPI returned +21.8% and SPUT returned +11.5% over the year to Sep 18, 2026, so SEPI returned more.
- Which is cheaper, SEPI or SPUT?
- SEPI charges 0.54% a year and SPUT charges 0.79%, so SEPI 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, SEPI against SPUT, data as of Sep 18, 2026. https://etfiq.com/compare/income/sepi-vs-sput Free to use with attribution; the underlying files are at Open data.