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Launched · SEC filings

Graniteshares Autocallable Smci ETF

SCANasdaqGraniteSharesDThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.

$23.10−0.09 (−0.40%)

As of Nov 10, 2026, 11:25 AM ET

D33/ 100

Rank 61 of 72 in Single-Stock Option Income

D33/100Rank 61 of 72inSingle-Stock Option Income
Intraday session: down, 24 prints from 23.19 to 23.10. Range 22.87 to 23.37. Use the arrow keys to read each point.22.9023.0023.3023.4010 AM12 PM2 PM4 PM
Expense ratio
1.18%*
Fund size
$4M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
3.55K sh
52W range
low $18.08high $26.81
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Dec 31, 2027. Without it: 15.77%.

The ETF.net SCA Grade

Based on 4 of 6 pillars

D

Score 33 out of 100

Category
Single-Stock Option Income⁠
Rank
61 of 72
Six-pillar profile for SCA. Scores out of 100: Cost 19, Risk 65, Mission not scored, Tradability 27, Holdings not scored, Durability 41. Strongest: Risk (65). Weakest: Cost (19). Based on 4 of 6 pillars.

Score 33 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
33
This cap took
0
Published Score
33 Grade D

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F19 out of 100
    Rank 49 of 72

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B65 out of 100
    Rank 21 of 70

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D27 out of 100
    Rank 65 of 72

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C41 out of 100
    Rank 50 of 72

Our read on SCA

ETF.net Research

In short

DAutocallables have mostly lived inside bank-issued structured notes. SCA puts that payoff on Super Micro Computer in an ETF wrapper: a laddered book of contracts with coupon barriers, early-call triggers and limited downside protection, priced and traded daily.

Stated mandate

The Fund seeks to generate income through a portfolio of autocallable instruments linked to Super Micro Computer, Inc., with limited downside protection.

Why people hold it

  • Autocallable income used to arrive as a bank-issued note. GraniteShares brought the structure to US-listed ETFs in 2026, with daily pricing and exchange trading.graniteshares.comgraniteshares.com 2
  • Holds a ladder of autocallables on one stock at staggered barriers and observation dates, so one bad observation doesn't switch off the entire coupon stream.graniteshares.comgraniteshares.com 2
  • Fee of 1.07% sits right at the middle of its single-stock options-income peer group, and the fund handles barrier monitoring, rolling and reinvestment internally.graniteshares.com
  • Targets monthly distributions, with a maturity barrier that defines a band of downside protection before stock losses pass through.graniteshares.com

Worth knowing

  • Coupons are contingent, not fixed: if the stock sits below the coupon barrier on an observation date, no coupon is paid for that period.graniteshares.com
  • Below the maturity barrier, the stock's full downside passes through, while early calls end future coupons. Income first, not equity upside.graniteshares.com
  • Launched in 2026 and thinly traded since, so short history and bid-ask spreads matter. The covered-call route on the same stock (SMCY) charges 1.01%.

SCA Holdings

Asset class
Stocks
Holdings
1
Top-10 weight
112%
Largest holding
US Dollars111.8%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataUS Dollars111.83%4,150,454$4.15M85

Showing 1–1 of 1 holdings

SCA Performance

Launched May 27, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
SCA$11,391
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$9,758
Aug 7, 2026 to Nov 9, 2026. SCA $11,391. SPY $9,758. Use the arrow keys to read each point.$10,000$11,000$12,000Aug 2026Sep 2026Nov 2026

Aug 7, 2026 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SCA. Periods over one year show the average yearly return.
PeriodSCA
Year to dateFund launched this yearNo data
1 month−9.5%
3 months+13.9%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SCA
YearReturn barSCA
2026 YTD+8.2%

Since listing, May 27, 2026

SCA in the news

SCA Dividends

Last payment
$0.78 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 5 payments in 2026 YTD. Jun 3, 2026 $0.80; Jul 1, 2026 $0.83; Aug 12, 2026 $0.81; Sep 9, 2026 $0.79; Oct 7, 2026 $0.78. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 7, 2026Oct 9, 2026$0.78
Sep 9, 2026Sep 11, 2026$0.79
Aug 12, 2026Aug 14, 2026$0.81
Jul 1, 2026Jul 6, 2026$0.83
Jun 3, 2026Jun 5, 2026$0.80

SCA Risk

Risk pillarB65 out of 100Rank 21 of 70 in Single-Stock Option Income
How much the fund’s monthly returns vary, scaled to a year.
Launched May 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched May 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched May 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.57
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

SCA Cost

Compare SCA and KWIN

Overpaying vs KWIN, cheapest in Single-Stock Option Income

$11,378

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SCA 1.18%

    $21,543

  • KWIN 0.51% Cheapest

    $10,165

$10,000
30 years

Cost over time

  • SCA 1.18%
  • KWIN 0.51%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530SCA $21,543KWIN $10,165

Year by year

YearSCAKWINOverpaying
10$2,065$918$1,147
20$7,697$3,527$4,170
30$21,543$10,165$11,378
How the 1.18% is worked out

Full fee 15.77%− waiver 14.59%= you pay 1.18%

The waiver ends Dec 31, 2027. After that the fee is 15.77% unless GraniteShares renews it. Source: prospectus, Oct 2026.

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