RECI vs SCEP: Grades, Fees and Holdings Compared

Columbia Research Enhanced Core Premium Income ET

RECIANYSE Arca

Sterling Capital Hedged Equity Premium Income ETF

SCEPACboe

Overlap

22.8%by weight

Expense ratio

RECI −0.35pt a year

RECI0.30%SCEP0.65%

Avg volume · 30D

SCEP 1.1×the volume

RECI28KSCEP29.9K

RECI vs SCEP Performance

Aug 7, 2026 – Nov 9, 2026

+1.9%RECI−2.4%SCEP

Expense ratio: RECI 0.30%, better; SCEP 0.65%
Fund size: RECI $10M; SCEP $237M
Holdings: RECI 355; SCEP 60
Avg volume (30D): RECI 28K sh; SCEP 29.9K sh, better
NAV per share: RECI $19.98; SCEP $23.96
52W range

ETF.net Grade

Pillar letters and Scores for RECI, SCEP, with each pillar’s weight
Pillar	RECI	SCEP
Cost30% weight	A100Higher	A81
Mission25% weight	Not scored	Not scored
Risk15% weight	A75Higher	B60
Tradability15% weight	A74Higher	A71
Holdings10% weight	B59	B67Higher
Durability5% weight	C45	B67Higher

Rank among Active Option Income funds

How we build Categories ›

Same Category. RECI and SCEP are both graded against the same 50 Active Option Income funds, so their Grades compare head to head.

Active Option Income⁠

Category · 50 funds

See all 50 ›

RECI ranks 3rd and SCEP 9th of 50 funds in the Active Option Income Category.

Rank 1ATCALT. Rowe Price Capital Appreciation Premium Income ETFScore 81
Rank 1AYLDEFranklin ClearBridge Enhanced Income ETFScore 81
Rank 3ARECIColumbia Research Enhanced Core Premium Income ETScore 80
Rank 4ARDVIFT Vest Rising Dividend Achievers Target Income ETFScore 77
Rank 7AIINCAlki Consolidated Income ETFScore 73
Rank 9ASCEPSterling Capital Hedged Equity Premium Income ETFScore 72
Rank 9ASTOXHorizon Core Equity ETFScore 72

Our read on each fund

ETF.net Research

RECIAColumbia Research Enhanced Core Premium Income ET

SCEPASterling Capital Hedged Equity Premium Income ETF

In short

RECI No data

SCEP Most premium-income ETFs sell calls and leave the downside wide open. Sterling's active take pairs those covered calls with protective puts, so the hedge is written into the strategy instead of bolted on later.

Stated mandate

RECI No data

SCEP The Fund seeks long-term capital growth, income, and preservation of capital. It invests primarily in U.S. large- and mid-cap equity and equity-related securities and uses a dynamic covered-call and protective-put overlay to add income and mitigate downside risk.

Why people hold it

RECI No data

SCEP Two-sided overlay: covered calls generate income, protective puts are there to cushion drawdowns. That is a collar, not a call-only income sleeve.
A 0.65% expense ratio undercuts the roughly 0.95% median fee across active options-income funds.
The overlay is dynamic and actively managed, sitting on a portfolio of US large- and mid-cap stocks rather than a fixed index and a set strike calendar.
Stands as one of the stronger overall builds in a crowded options-income field, where most rivals sell upside without buying any protection.

Worth knowing

RECI No data

SCEP It launched in December 2025, so the overlay has not yet run through a full market cycle.
Cheaper than the typical peer, pricier than the category's low-fee names: PAPI charges 0.29% and TCAL 0.34%.
Payouts arrive on an irregular schedule rather than the fixed monthly cadence many premium-income funds advertise, and the fund trades thinly, so spreads matter.

Full RECI profile⁠

Full SCEP profile⁠

RECI vs SCEP Holdings

How RECI and SCEP differ

Overlap by weight

22.8%

Shared holdings make up 34.6% of SCEP and 33.1% of RECI.

About this figure: RECI earns income from options, which aren’t counted.

SCEP earns income from options, which aren’t counted.

Level by level

Holdings18 in both22.8%
Sector11 Sectors91.7%
Countryby domicile98.3%
Asset classStocks100%

Sector

Sector weights in RECI and SCEP, widest gap first
Sector	Gap	RECI	SCEP
Technology	RECI +3.2 points	37.1%	33.9%
Communication	RECI +2.8 points	10.1%	7.3%
Industrials	SCEP +2.3 points	8.0%	10.3%
Consumer Discretionary	SCEP +2.2 points	8.8%	11.0%
Financials	SCEP +1.7 points	11.7%	13.4%
Energy	RECI +1.7 points	4.1%	2.4%
Materials	SCEP +1.6 points	1.7%	3.3%
Health Care	RECI +0.5 points	9.8%	9.3%
Consumer Staples	SCEP +0.5 points	4.6%	5.1%
Utilities	Same weight	2.0%	1.9%
Real Estate	RECI +0.1 points	2.1%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in RECI and SCEP, widest gap first
Country	Gap	RECI	SCEP
Switzerland	SCEP +1.7 points	0.0%	1.7%
United States	RECI +1.4 points	99.7%	98.3%
Other countries (3)	RECI +0.3 points	0.3%	0.0%

Concentration

Weight in the 10 largest Holdings

RECI51.1%
SCEP42.7%

Securities held

RECI353
SCEP59

Asset class

RECI: Stocks
SCEP: Stocks

Holdings

Only in RECI335
In both18
Only in SCEP41

Only in RECI

335 securities, 46.5% of RECI by weight

State Street Communication Services Select Sector Spdr Etf2.24%
Bank of America Corp1.31%
Altria Group Inc1.12%
Vanguard Communication Services Etf0.96%
Bristol-Myers Squibb Co0.88%
Starbucks Corp0.86%
Citigroup Inc0.80%
Automatic Data Processing Inc0.75%
Cisco Systems Inc0.73%
Cvs Health Corp0.70%
Colgate-Palmolive Co0.67%
Elevance Health Inc0.66%
Hilton Worldwide Holdings Inc0.63%
Charles Schwab Corp/The0.62%
Fidelity Msci Communication Services Index Etf0.60%
General Motors Co0.59%
Target Corp0.57%
Progressive Corp/The0.57%
Conocophillips0.56%
Newmont Corp0.55%
Ross Stores Inc0.54%
Nextera Energy Inc0.54%
General Dynamics Corp0.52%
Cigna Group/The0.52%
Comcast Corp0.42%
Bank of New York Mellon Corp/The0.42%
Becton Dickinson & Co0.42%
Crowdstrike Holdings Inc0.42%
Applied Materials Inc0.41%
Cardinal Health Inc0.41%
Fedex Corp0.39%
Ford Motor Co0.38%
Us Bancorp0.37%
American Tower Corp0.37%
Cummins Inc0.37%
Phillips 660.33%
Valero Energy Corp0.33%
Arista Networks Inc0.33%
Accenture PLC0.33%
Kroger Co/The0.32%
Paccar Inc0.31%
Iqvia Holdings Inc0.31%
Delta Air Lines Inc0.31%
Dr Horton Inc0.28%
Allstate Corp/The0.28%
Crh PLC0.27%
Kla Corp0.27%
Ferguson Enterprises Inc0.27%
Gilead Sciences Inc0.25%
Rockwell Automation Inc0.24%

Only in SCEP

41 securities, 66.4% of SCEP by weight

Amazon.com Inc5.09%
Microsoft Corp4.96%
Alphabet Inc-A4.76%
Broadcom Inc4.36%
JPMorgan Chase3.63%
Costco Wholesale2.70%
Visa Inc-Class A2.43%
Eli Lilly & Co2.42%
JOHNSON&JOHNSON2.12%
Air Prods & Chem1.94%
Williams Cos Inc1.85%
Aflac Inc1.81%
Analog Devices1.71%
Adv Micro Device1.69%
Chubb Ltd1.67%
Hartford Insuran1.52%
Home Depot Inc1.48%
Sherwin-Williams1.26%
Darden Restauran1.23%
Republic Svcs1.18%
American Water W1.17%
Procter & Gamble1.16%
Walmart Inc1.16%
Waste Management1.09%
Mcdonalds Corp1.08%
Booking Holdings1.05%
Federated Hermes Mm Treas0.95%
Spy Us 09/17/27 P6900.95%
Cadence Design0.92%
Ww Grainger Inc0.88%
Monolithic Power0.86%
Emerson Elec Co0.83%
Intuitive Surgic0.79%
Vistra Corp0.74%
Spy Us 06/17/27 P6800.72%
Ametek Inc0.70%
Vertiv Holding-A0.64%
Arthur J Gallagh0.57%
Spy Us 03/19/27 P6150.25%
Spy Us 12/18/26 P6200.10%
Us Dollar Broker0.03%

Weight gaps

All 18 Holdings in both funds, largest gap first.

Holding weights in RECI and SCEP, widest gap first
Holding	Gap	RECI	SCEP
Apple IncAAPL	RECI +3.46 points	10.21%	6.75%
NVIDIA CorpNVDA	RECI +3.18 points	8.50%	5.32%
Parker-Hannifin CorpPH	SCEP +2.02 points	0.68%	2.70%
AbbVie IncABBV	SCEP +1.79 points	0.59%	2.38%
Illinois Tool Works IncITW	SCEP +1.67 points	0.48%	2.15%
Equinix IncEQIX	SCEP +1.56 points	0.42%	1.98%
Amphenol CorpAPH	SCEP +1.32 points	0.32%	1.64%
Mastercard IncMA	RECI +1.27 points	2.25%	0.98%
Amgen IncAMGN	SCEP +1.11 points	0.28%	1.39%
Lam Research CorpLRCX	SCEP +0.98 points	0.40%	1.38%
Meta Platforms IncMETA	RECI +0.94 points	3.35%	2.41%
Chevron CorpCVX	RECI +0.83 points	1.32%	0.49%
Servicenow IncNOW	SCEP +0.45 points	0.22%	0.67%
Palo Alto Networks IncPANW	SCEP +0.43 points	0.48%	0.91%
Micron Technology IncMU	RECI +0.39 points	1.34%	0.95%
Palantir Technologies IncPLTR	SCEP +0.32 points	0.74%	1.06%
Tjx Cos Inc/TheTJX	RECI +0.24 points	1.10%	0.86%
Marsh & Mclennan Cos IncMRSH	SCEP +0.15 points	0.41%	0.56%

All RECI holdings⁠All SCEP holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

RECI vs SCEP Cost

Overpaying SCEP vs RECI

$6,568

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

RECI 0.30%
$6,149
SCEP 0.65%
$12,717

Amount$10,000

Years30 years

Cost over time

RECI 0.30%
SCEP 0.65%
Overpaying

Year by year

Year	RECI	SCEP	Overpaying
10	$545	$1,163	$618
20	$2,113	$4,440	$2,327
30	$6,149	$12,717	$6,568

Expense ratio

0.30%RECI, cheaper
0.65%SCEP

RECI0.30%SCEP0.65%

0.30%1.64%

Middle half of Active Option Income funds
Median 0.95%

RECI cheapest of 50 funds

SCEP 10th cheapest of 50 funds

RECI vs SCEP Dividends

Last 12 months to Nov 9, 2026

Last payment: RECI $0.14; SCEP $0.15
Ex-dividend: RECI Nov 2, 2026; SCEP Nov 2, 2026
Paid on: RECI Nov 4, 2026; SCEP Nov 4, 2026
Frequency: RECI Monthly; SCEP Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

RECIMonthly · 3 paymentsAll RECI payments⁠

SCEPMonthly · 11 paymentsAll SCEP payments⁠

RECI vs SCEP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years: RECI 0.83SCEP 0.57; Market = 1

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