Data as of Nov 4, 2026.
SEPI vs SPUT: Dividend Yield & Total Return
Over the year to Nov 4, 2026, SEPI paid 8.9% of its price in cash against SPUT’s 4.8%, and returned more with it reinvested.
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Net assets: $152m on Jun 30, 2026 for Shelton Equity Premium Income ETF, and $17m on Nov 4, 2026 for Innovator Equity Premium Income - Daily PutWrite ETF.
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. Total return, distributions reinvested. SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.4.1 pts behind SPY
SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SPUT
+10.7%
4.8% as cash
4.1 pts behind SPY
Total return, distributions reinvested
4.1 pts behind SPY
SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SPUT
+10.7%
4.1 pts behind SPY
4.8% of it arrived as cash. Both charts share one scale, 0 to +17.9%. SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 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 7.2 points.
Points (pts) are percentage points.
| Measure | SEPI | SPUT |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +17.9% | +10.7% |
| Price change, 1 year | rose 8.3% | rose 5.7% |
| Return of capital, issuer estimate | 99% of the Sep 30, 2026 payment | 58% of the Nov 2, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.54% | 0.79% |
| Net assets, SEPI as of Jun 30, 2026 and SPUT as of Nov 4, 2026 | $152m | $17m |
| Holdings | ||
| Holdings in common | 23% | |
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
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 →
What they share
By the books each fund has filed, SEPI and SPUT hold 23% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
23% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | SEPI | SPUT | SEPI | SPUT | SEPI | SPUT |
| 3 months | −0.1% | +0.9% | 2.1% | 1.0% | 0.0 pts | +1.0 pts |
| 6 months | +6.8% | +3.4% | 4.4% | 1.9% | +1.8 pts | −1.6 pts |
| 1 year | +17.9% | +10.7% | 8.9% | 4.8% | +3.1 pts | −4.0 pts |
| Since launchNot the same days: SEPI Sep 2025 · SPUT Mar 2025 | +23.5% | +23.3% | 10.0% | 9.1% | +3.7 pts | −15.6 pts |
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.
SPUT
Over the year to Nov 4, 2026, SPUT paid 4.8% of its starting value in cash distributions while its price rose 5.7%. With every distribution reinvested, the fund returned +10.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 3.6%, paid monthly. Innovator estimates that 58% of the distribution paid Nov 2, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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.
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ETFIQ, SEPI against SPUT, data as of Nov 4, 2026. https://etfiq.com/compare/income/sepi-vs-sput
ETFIQ. (Nov 4, 2026). SEPI against SPUT. Retrieved from https://etfiq.com/compare/income/sepi-vs-sput
[SEPI against SPUT (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/sepi-vs-sput)
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