AIPI vs SIOO

AIPIBREX AI Equity Premium Income ETF

SIOOAVistaShares Target 15 S&P 100 Distribution ETF

In short

AIPI Most option-income ETFs sell calls on the S&P 500 or the Nasdaq 100. AIPI runs that same premium-harvesting playbook on a basket of AI-linked US stocks, trading away some of the theme's upside in exchange for option income.

SIOO Most equity-income ETFs pay out whatever the options market hands them. SIOO starts from the answer: a 15% annual income target, paid monthly, bolted onto an S&P 100 core using index options that carry 60/40 tax treatment.

Stated mandate

AIPI The Fund seeks capital appreciation and current income. It invests at least 80% of net assets in securities in the BITA AI Leaders Select Index and writes covered calls on portfolio securities to generate option-premium income.

SIOO The actively managed ETF seeks income and, secondarily, long-term capital appreciation. It combines equity exposure based on the S&P 100 Index (OEX) with an options portfolio intended to generate income.

Why people hold it

• AIPI A pure-theme twist on covered calls: at least 80% of assets in BITA AI Leaders Select Index names, with calls written on those holdings to generate premium.rexshares.com
• 0.65% expense ratio, on the cheaper side of an option-income group where fees typically run higher.
• Sits in the upper tier of its option-overlay peer group and is easy enough to get in and out of for a fund built on a niche theme.

• SIOO 0.59% expense ratio, below the 0.75% typical for options-income funds. Modest toll for an actively managed overlay.
• The overlay uses S&P 100 (OEX) index options, section 1256 contracts taxed at blended 60/40 rates, and the manager also hunts tax-loss harvesting in the equity sleeve.vistashares.com
• You keep the stocks. The equity sleeve generally mirrors the S&P 100's mega-cap roster, with the income machinery layered on top rather than replacing it.vistashares.com
• The payout target is stated up front: 15% a year, distributed monthly. A published yardstick you can hold the fund to, rather than a mystery yield.vistashares.com

Worth knowing

• AIPI Covered calls swap upside for income. When the AI names run hard, gains above the strike prices belong to the option buyer, not the fund.rexshares.com
• One theme, about 80 US tech names. That is concentrated exposure whose fortunes rise and fall with the AI trade.
• Launched in 2024, so the history behind it is short and covers only a slice of a full market cycle.

• SIOO 15% is a target, not a coupon. Distributions can include return of capital, which sends part of your own principal back and trims net asset value.vistashares.com
• Income comes from an actively managed options book, so the outcome rides on manager decisions and options pricing instead of a fixed dividend stream.
• Launched in December 2025 and still a small, lightly traded fund. Short history and wider bid-ask spreads come with that territory.

Full AIPI profile⁠

Full SIOO profile⁠