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ETCO Grayscale Ethereum Covered Call ETF

Covered call on ETHA, paying monthly

Over the year to Sep 18, 2026, ETCO paid 35.2% in cash and still finished 4.8 points behind ETHA.

Grayscale · Income ETFs · data as of

Key facts

35.2%Cash paid, 1 year, on its starting price
−47.4%Total return, 1 year
−4.8 ptsAgainst ETHA
19.8%Latest payout, annualized

Method

ETFIQ Return Stability Score

23.1150th of 173

ETCO paid 35.2% in cash. Its price fell 75.5%, so 100% of what you were paid came back out of your own capital.

Was the payout funded by returns, or by your own capital?

Against its benchmark
MLPD −35.8 ptsMDST −28.6 ptsEIPI −26.8 ptsBLOX −26.6 ptsYQQQ −25.3 ptsULTY −24.3 ptsSLTY −22.7 ptsGDXY −21.4 ptsTDVI −20.9 ptsTOPW −19.8 ptsHIGH −18.8 ptsACKY −17.9 ptsYMAX −16.8 ptsHISF −16.4 ptsNDIV −16.4 ptsSDVD −16.4 ptsWEEI −15.8 ptsOARK −15.2 ptsFDND −14.1 ptsSCLZ −14.0 ptsLFGY −13.6 ptsXLRI −13.6 ptsTCAL −13.5 ptsQRMI −13.3 ptsSLJY −13.2 ptsYYY −13.2 ptsYFYA −13.1 ptsHIPS −12.8 ptsJULH −12.1 ptsRNTY −12.0 ptsXLKI −12.0 ptsXBTY −11.8 ptsQUSA −11.7 ptsJULJ −11.5 ptsLJUL −11.5 ptsJANJ −11.4 ptsLJAN −11.4 ptsFGSI −11.3 ptsLOCT −11.2 ptsQLDY −11.2 ptsOCTJ −11.1 ptsCVRD −11.0 ptsIWMY −10.9 ptsJUCY −10.9 ptsAPRJ −10.5 ptsLAPR −10.5 ptsXISE −10.5 ptsXIJN −10.3 ptsAPRH −10.1 ptsJANH −10.1 ptsXIDE −10.1 ptsXLEI −10.0 ptsOCTH −9.9 ptsJEPI −9.5 ptsAIPI −9.4 ptsMAGY −9.4 ptsBAGY −9.2 ptsXIMR −9.1 ptsSRHR −8.8 ptsBUYW −8.1 ptsRDVI −8.0 ptsIAUI −7.7 ptsOVLH −7.5 ptsVEGA −7.2 ptsXV −7.1 ptsYBTC −7.1 ptsFTHI −6.9 ptsBITY −6.7 ptsXLVI −6.7 ptsXRMI −6.3 ptsIGLD −6.2 ptsFEPI −6.1 ptsYLDE −6.0 ptsGPTY −5.7 ptsKHPI −5.5 ptsQQQI −5.3 ptsSPIN −5.2 ptsTYLG −5.2 ptsSPUT −5.1 ptsWTPI −4.6 ptsCAIE −4.1 ptsIQQQ −4.1 ptsPAPI −3.8 ptsBIGY −3.6 ptsJEPQ −3.2 ptsXLBI −3.2 ptsISPY −3.1 ptsIWMW −3.0 ptsWEEL −2.3 ptsGIAX −2.1 ptsDIVO −2.0 ptsKNG −1.6 ptsQDTY −1.6 ptsDFII −1.5 ptsRDTY −1.5 ptsTSPY −1.5 ptsYMAG −1.5 ptsBTCC −1.4 ptsNBOS −1.4 ptsNIHI −1.4 ptsEGGY −1.2 ptsSPYI −1.2 ptsRYLD −1.1 ptsRYLG −1.0 ptsXDTE −1.0 ptsXPAY −0.9 ptsSDTY −0.8 ptsWDTE −0.8 ptsJOYT −0.7 ptsQDTE −0.7 ptsKGLD −0.6 ptsQQQY −0.6 ptsRDTE −0.6 ptsTHTA −0.6 ptsXLII −0.6 ptsFTKI −0.5 ptsGPIQ −0.4 ptsFTQI −0.3 ptsSIXH −0.3 ptsDJIA +0.2 ptsLTTI +0.2 ptsDYLG +0.3 ptsGPIX +0.4 ptsXLFI +0.4 ptsQYLG +0.5 ptsHYBI +0.6 ptsHYTI +0.6 ptsIVVW +0.6 ptsLQTI +0.6 ptsXYLG +0.7 ptsTDAQ +1.0 ptsIWMI +1.1 ptsQYLD +1.2 ptsCSHI +1.3 ptsTLTX +1.3 ptsXYLD +1.4 ptsHYGW +1.5 ptsHYBL +1.6 ptsBNDI +1.7 ptsOVS +1.7 ptsPBP +1.9 ptsTLTI +1.9 ptsXLUI +1.9 ptsBALI +2.0 ptsBTCI +2.0 ptsCHPY +2.3 ptsOVB +2.3 ptsOVT +2.3 ptsYBIT +2.3 ptsITWO +2.4 ptsOVL +2.6 ptsYETH +2.8 ptsOVM +2.9 ptsTLTP +3.0 ptsSOXY +3.5 ptsDUBS +3.7 ptsLQDW +3.8 ptsXLYI +4.1 ptsTLTW +4.2 ptsOVF +4.5 ptsDOGG +4.6 ptsOMAH +4.9 ptsIDVO +5.2 ptsSEPI +5.2 ptsBCCC +5.9 ptsCEPI +6.0 ptsIDUB +7.2 ptsXLCI +7.9 ptsBUCK +9.6 ptsUSOY +11.6 ptsXLSI +12.5 ptsKLIP +22.5 ptsETCO −4.8 ptsETCO −4.8 pts−35.8 pts+22.5 pts

46% of the 173 sit at or below ETCO on this measure.

What happened to the principal
XBTY −74.1%YETH −66.4%YBTC −60.1%BTCC −59.1%YBIT −58.9%BAGY −57.9%ULTY −54.1%BITY −51.5%SLTY −51.5%BCCC −48.5%BTCI −47.0%LFGY −44.7%DFII −43.7%BLOX −40.9%YMAX −40.7%TOPW −37.7%OARK −34.0%GDXY −33.1%KLIP −32.5%YMAG −28.1%YQQQ −25.7%MAGY −25.3%IWMY −24.9%CEPI −22.5%RDTY −21.8%RDTE −21.4%QLDY −20.3%QDTE −19.2%TLTX −18.5%EGGY −16.2%XLYI −15.5%ACKY −15.1%WDTE −14.8%QDTY −14.0%AIPI −13.8%TLTP −13.4%XDTE −13.4%QQQY −13.2%LTTI −12.6%XLUI −11.3%QUSA −11.0%SDTY −10.8%GIAX −10.5%FEPI −10.0%TLTW −9.9%LQTI −9.7%XLRI −9.4%TLTI −9.1%LQDW −8.8%XLCI −8.8%XV −8.8%YYY −8.8%TCAL −8.6%HIGH −8.3%FDND −8.2%GPTY −8.1%IGLD −7.9%RNTY −7.3%HIPS −7.0%HYTI −6.8%XLSI −6.5%OMAH −6.3%XLBI −6.3%IWMW −6.2%XLFI −6.2%HYGW −6.0%XPAY −5.8%HYBI −5.5%OVB −5.0%BNDI −4.9%USOY −4.8%HISF −4.7%OVT −4.3%QRMI −3.8%OVM −3.6%FGSI −3.2%HYBL −2.8%CAIE −2.5%JUCY −2.5%XRMI −2.4%BUCK −2.2%CVRD −2.2%MLPD −2.1%IAUI −2.0%IVVW −2.0%YFYA −1.7%JEPI −1.2%XLII −1.2%XIJN −0.9%WTPI −0.8%JULJ −0.6%XISE −0.6%CSHI −0.4%JULH −0.4%KNG −0.4%BIGY −0.3%LJUL −0.3%QQQI −0.1%TSPY −0.1%JANH 0.0%JANJ 0.0%LAPR 0.0%OCTH 0.0%XIDE 0.0%APRJ +0.1%LJAN +0.1%LOCT +0.1%OCTJ +0.1%APRH +0.3%FTHI +0.3%XIMR +0.5%WEEL +0.7%SRHR +1.0%SDVD +1.2%SPYI +1.2%IWMI +1.3%KHPI +1.5%BUYW +2.1%DJIA +2.4%QYLG +2.4%XYLG +2.6%YLDE +2.6%NIHI +2.8%RYLD +2.9%KGLD +3.4%TDAQ +3.4%DYLG +3.5%FTKI +3.8%XLVI +4.0%SCLZ +4.1%THTA +4.1%RYLG +4.2%PAPI +4.5%XLKI +4.6%PBP +5.5%JEPQ +5.7%SPIN +5.8%XYLD +5.9%NBOS +6.0%SPUT +6.0%DIVO +7.3%GPIX +7.4%ISPY +7.6%DOGG +8.0%FTQI +8.0%MDST +8.2%TDVI +8.2%OVF +8.3%OVS +8.5%OVLH +8.8%VEGA +8.9%QYLD +9.1%BALI +9.2%GPIQ +9.3%OVL +9.4%RDVI +9.6%ITWO +10.5%IQQQ +10.8%SLJY +12.3%EIPI +12.8%XLEI +12.8%SEPI +13.4%SIXH +14.1%IDVO +14.4%JOYT +15.2%WEEI +17.3%IDUB +17.4%DUBS +17.6%NDIV +20.4%CHPY +20.6%TYLG +20.6%SOXY +64.1%ETCO −75.5%ETCO −75.5%−75.5%+64.1%

0.3% of the 173 sit at or below ETCO on this measure.

Weighted evenly, those two positions are what the score combines, across the 173 income ETFs writing on an index or proxy. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark−4.8 pts4650%
what happened to the principal−75.5%0.350%

All income ETFs ranked by this score · How it is computed

292nd of 369 income ETFs by net assets

What a holder got

ETCO against ETHAETCO returned −47.4% with distributions reinvested against −42.6% for Ether (ETHA), a gap of −4.8 pts. Of that, 35.2% arrived as cash rather than price.−47.4%ETCO total return−42.6%Ether (ETHA)

Over the year to Sep 18, 2026, ETCO returned −47.4% with distributions reinvested and Ether (ETHA) returned −42.6%, so a holder came out behind it by 4.8 points. The lighter segment is the 35.2% that arrived as cash rather than as price.

Method

Period by period

ETCO over each window to Sep 18, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnETHAAhead or behind
3 months11.7%+5.2%+18.4%+54.7%−36.3 pts
6 months22.6%−25.1%−1.3%+23.7%−25.1 pts
1 year35.2%−75.5%−47.4%−42.6%−4.8 pts
Since launch38.1%−73.5%−43.1%−38.3%−4.7 pts

Method

When ETCO pays

ETCO pays monthly. The last distribution was $0.1497 a share, which went ex on Sep 14, 2026, with payment about 2 days later. The next has not been declared. On its own cadence of about 15 days the ex-date falls near Sep 29, 2026; that date is an ETFIQ projection, not the issuer’s.

Expected distributions for ETCO. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Sep 29, 2026Oct 1, 2026$0.1497ETFIQ projection
Oct 14, 2026Oct 16, 2026$0.1497ETFIQ projection
Oct 29, 2026Nov 2, 2026$0.1497ETFIQ projection
Every distribution ETFIQ holds for ETCO (13, most recent first)
Cash distributions per share for ETCO. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Sep 14, 2026$0.1497
Aug 28, 2026$0.1466
Aug 13, 2026$0.11
Jul 30, 2026$0.2058
Jul 14, 2026$0.1911
Jun 29, 2026$0.2031
Jun 12, 2026$0.2238
May 28, 2026$0.2599
May 14, 2026$0.275
Apr 29, 2026$0.2878
Apr 14, 2026$0.3125
Mar 30, 2026$0.3795
Mar 12, 2026$0.4251

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on Sep 4, 2025, ETCO has returned −43.1% with distributions reinvested, against −38.3% for Ether (ETHA), and has paid out 38.1% of its starting value in cash along the way. It pays monthly, and at its current price the latest distribution annualizes to 19.8%. No Rule 19a-1 notice has been published for this fund, so there is no issuer estimate of how much of its distributions was a return of capital.

ETCO (Grayscale Ethereum Covered Call ETF), income ETFs fields as of Sep 18, 2026. Source: ETFIQ.
Strategycovered call
BenchmarkEther (ETHA) (proxy)
Paysmonthly
Net assets (the issuer’s own daily fund list, as of Sep 18, 2026)$4m
Latest payout, annualized (ETFIQ)19.8%
Expense ratio (485BPOS XBRL, Apr 30, 2026)0.65%
Cash paid, last 12 months, over today’s price (ETFIQ)143.7%
LaunchedSep 4, 2025
Paysmonthly
Typical gap between ex-dates15 days
Typical wait from ex-date to payment2 days
Last paid, per share$0.1497 ex Sep 14, 2026
Sum of the last 12 distributions$2.7447

Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed

Questions people ask

How much has ETCO paid over the last year?
Over the year to Sep 18, 2026, ETCO paid 35.2% of its starting price in cash distributions, while the price fell 75.5%.
Is ETCO ahead of ETHA?
Over the year to Sep 18, 2026, with every distribution reinvested, ETCO returned −47.4% against −42.6% for Ether (ETHA), so a holder was behind it by 4.8 points.
How often does ETCO pay, and how much?
ETCO pays monthly. The latest distribution annualizes to 19.8% at its price on Sep 18, 2026, which is not a promise; the next one can differ.
When does ETCO next pay a distribution?
ETCO pays monthly. The last distribution went ex on Sep 14, 2026 at $0.1497 a share. The next is not declared; on a cadence of about 15 days the ex-date falls near Sep 29, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
What does ETCO cost?
The prospectus expense ratio is 0.65% a year.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

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.

Compare ETCO

Also against BLOX, BPI, BTCC, BTCI, CEPI, DFII, EHCC, EHY, ETTY, LFGY, NEHI, SOLM, XBCI, XBTY, XEY, XRPM, YBIT, YBTC, YETH.

Funds near this one

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ETCO payout bar, ETFIQ

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Where ETCO is written about

ETCO, Income ETFs, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
Use this data, or open the live card

Open ETCO live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, ETCO, income ETFs, data as of Sep 18, 2026. https://etfiq.com/funds/etco Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources