Data as of .
SPUT vs TCAL: which paid, and which earned it?
Over the year TCAL paid 11.4% of its price in cash against SPUT’s 5.2%, though SPUT returned more with it reinvested.
ETFIQ Return Stability Score: SPUT 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, SPUT and TCAL hold 16% of their money in the same securities at the same weight.
| Holding | SPUT | TCAL |
|---|---|---|
| Amazon.com Inc | 2.09% | 1.53% |
| Microsoft Corp | 2.47% | 1.50% |
| Meta Platforms Inc | 1.10% | 1.01% |
| Broadcom Inc | 1.60% | 0.95% |
| JPMorgan Chase & Co | 0.70% | 0.66% |
| Exxon Mobil Corp | 0.54% | 1.16% |
| Advanced Micro Devices Inc | 0.47% | 1.04% |
| Walmart Inc | 0.47% | 0.77% |
| Visa Inc | 0.46% | 1.69% |
| Johnson & Johnson | 0.46% | 0.86% |
| Costco Wholesale Corp | 0.37% | 1.20% |
| Netflix Inc | 0.35% | 0.95% |
| Only in SPUT | Only in TCAL |
|---|---|
| TREASURY BILL 49.24% | WASTE CONNECTIONS INC 1.80% |
| NVIDIA Corp 3.85% | SERVICE CORP INTERNATIONAL 1.43% |
| Apple Inc 3.22% | US FOODS HOLDING CORP 1.20% |
| Alphabet Inc 1.84% | AON PLC-CLASS A 1.16% |
| Alphabet Inc 1.59% | IDEX CORP 1.14% |
| Tesla Inc 0.91% | SPX TECHNOLOGIES INC 0.99% |
| Eli Lilly & Co 0.65% | CYTOKINETICS INC 0.89% |
| Berkshire Hathaway Inc 0.54% | ASCENDIS PHARMA A/S 0.56% |
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 | |||
|---|---|---|---|---|---|---|
| SPUT | TCAL | SPUT | TCAL | SPUT | TCAL | |
| 3 months | +2.4% | +4.2% | 1.1% | 3.5% | +0.1 pts | +1.9 pts |
| 6 months | +11.5% | +5.3% | 2.5% | 6.3% | −6.5 pts | −12.7 pts |
| 1 year | +11.5% | +3.0% | 5.2% | 11.4% | −5.1 pts | −13.5 pts |
| Since launch | +22.4% | +3.9% | 8.5% | 15.2% | −15.6 pts | −32.7 pts |
| SPUT Innovator Equity Premium Income - Daily PutWrite ETF Covered call on SPY, paying monthly | TCAL T. Rowe Price Capital Appreciation Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Innovator | T. Rowe Price |
| Strategy | covered call | covered call |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 4.7% | 9.4% |
| Expense ratio | 0.79% | 0.34% |
| Cash paid, 1 year | 5.2% | 11.4% |
| Price change, 1 year | +6.0% | −8.6% |
| Total return, 1 year | +11.5% | +3.0% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | −5.1 pts | −13.5 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 553 days | 540 days |
| Net assets | $17m | $276m |
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.
TCAL in plain words
Over the year to Sep 18, 2026, TCAL paid 11.4% of its starting value in cash distributions while its price fell 8.6%. With every distribution reinvested, the fund returned +3.0%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 13.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.4%, paid monthly.
Questions people ask
- Which paid more, SPUT or TCAL?
- Over the year to Sep 18, 2026, SPUT paid 5.2% of its starting price in cash and TCAL paid 11.4%, so TCAL paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, SPUT or TCAL?
- With every distribution reinvested, SPUT returned +11.5% and TCAL returned +3.0% over the year to Sep 18, 2026, so SPUT returned more.
- Which is cheaper, SPUT or TCAL?
- SPUT charges 0.79% a year and TCAL charges 0.34%, so TCAL 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, SPUT against TCAL, data as of Sep 18, 2026. https://etfiq.com/compare/income/sput-vs-tcal Free to use with attribution; the underlying files are at Open data.