ETF Comparison

ATC vs ATCL: Which Is the Better Pick in 2026?

A head-to-head comparison of GraniteShares Autocallable COIN ETF and REX Autocallable Income ETF covering yield, cost, risk, and income potential.

Data updated September 18, 2026

Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings.

ATC has outpaced ATCL over the shared window since May 2026, posting a 14.93% total return against 2.05%. ATCL has been the steadier holding, though — annualized volatility of 4.2% against 48.4% for ATC. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Symbol	Since May 2026	Volatility	Sharpe	Sortino	Max drawdown
ATC	14.93%	48.4%	0.72	1.15	-17.9%
ATCL	2.05%	4.2%	0.30	0.42	-1.3%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 18, 2026. YTD and 1Y are cumulative; windows of one year or longer are annualized. “Since May 2026” measures every fund from May 12, 2026 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since May 2026. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the shared window since May 2026) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
Metric	ATC	ATCL
Full name	GraniteShares Autocallable COIN ETF	REX Autocallable Income ETF
Issuer	GraniteShares	REX Shares
Underlying index	Autocallables on Coinbase Global Inc (COIN)	U.S. Large Cap Equities
Last Close	$24.91 as of September 18, 2026	$24.34 as of September 18, 2026
Distribution rate	36.08%	13.71%
Distribution Safety Score™	50	50
Expense ratio	1.07%	0.65%
AUM	$958,877	$47.4M
Distribution frequency	Monthly	Monthly
Objective	Seeks to provide exposure to a laddered portfolio of autocallables on Coinbase Global Inc (COIN), offering contingent income and partial downside protection through structured note replication.	Actively managed fund seeking to generate high monthly income with reduced downside risk through exposure to a U.S. large-cap autocallable strategy.
Asset class	Equity	Equity
Inception date	05/11/2026	02/17/2026
Beta	—	0.3959
Last dividend	$0.749	$0.2781 declared, pays 12/16/2026
Ex-dividend date	09/09/2026	12/15/2026 upcoming

Bottom lineWe won't call this one: ATC launched May 2026, so there is not yet a track record to compare. Compare the strategy, cost and holdings in the sections above and treat any performance figures for the newer ETF as provisional. What is already clear from the numbers above: the two do not cost the same — ATCL charges 0.65% against 1.07% for ATC, and on funds tracking the same thing that gap compounds every year you hold.

How the risk works

Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.

Crypto volatility. ATC sits on top of crypto-asset prices, which routinely swing far more than equities. A single drawdown can exceed a year of distributions, so income projections deserve extra skepticism here.
Capped upside and premium dependence. ATCL generates income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.

Learn the mechanics: Return of capital, explained · NAV erosion, explained

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Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

GraniteShares

ETFs93

Total AUM$11.1B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

GraniteShares is known for offering specialized ETF strategies that extend beyond traditional equity and bond investing, particularly through structured products and income-focused solutions. The firm manages 48 ETFs organized around distinct fund families including Autocallable products, Commodities, Income strategies, Leveraged exposures, and their YieldBOOST line designed to enhance distributions. GraniteShares targets investors seeking alternative income generation methods and commodity access, with popular tickers like AHD, CRY, and FBL representing their diverse approach to yield enhancement and alternative asset classes.

See our curated list of related YouTube videos on ATC.

See all GraniteShares ETFs

REX Shares

ETFs72

Total AUM$16.3B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

REX Shares is known for specializing in options-based and thematic ETF strategies, offering 23 funds organized across distinct families including Covered Call, IncomeMax Option Strategy, and MicroSectors products. The fund lineup emphasizes income generation through option strategies and sector-specific exposure, with holdings spanning technology, commodities, and alternative assets. REX Shares targets investors seeking non-traditional income approaches and concentrated sector bets, positioning itself in a niche segment focused on structured strategies rather than broad market indexing.

See our curated list of related YouTube videos on ATCL.

See all REX Shares ETFs

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Quick verdict

ATC (GraniteShares Autocallable COIN ETF) and ATCL (REX Autocallable Income ETF) are both monthly-pay dividend ETFs, but they take different approaches.

ATC offers the higher yield at 36.08% vs 13.71% for ATCL. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

ATCL is cheaper with an expense ratio of 0.65% compared to 1.07%.

They have different reference exposures: ATC is linked to Autocallables on Coinbase Global Inc (COIN) while ATCL is linked to U.S. Large Cap Equities, which means their performance drivers differ.

ATCL has $47.4M in assets vs $958,877 for ATC, but ATC only launched May 2026 — AUM comparisons will become more meaningful as it builds a track record.

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Deep dive

Yield & income

On a $10,000 investment, ATC would generate roughly $300.67/month, while ATCL would produce $114.25/month, at current distribution rates. Both pay monthly distributions.

ATC yield36.08%

ATCL yield13.71%

Monthly diff on $10K$186.42

Cost & efficiency

Over 10 years on $10,000, ATC would cost approximately $1,070 in fees vs $650 for ATCL (simplified, not compounded). The $420.00 difference may be offset by yield or performance.

ATC ER1.07%

ATCL ER0.65%

Strategy & risk

ATC tracks Autocallables on Coinbase Global Inc (COIN) with a crypto approach, while ATCL is actively managed around U.S. Large Cap Equities exposure with an active approach.

ATC beta—

ATCL beta0.3959

Fund details

ATC is managed by GraniteShares (launched 05/11/2026) with $958,877 in assets. ATCL is managed by REX Shares (launched 02/17/2026) with $47.4M in assets.

ATC AUM$958,877

ATCL AUM$47.4M

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Frequently asked questions

What is the current distribution rate for ATC and ATCL?

ATC currently distributes 36.08% and ATCL 13.71%, based on fund data updated September 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.

Is ATC or ATCL better for dividend income?

It depends on your goals. ATC currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.

What is the difference between ATC and ATCL?

ATC (GraniteShares Autocallable COIN ETF) tracks Autocallables on Coinbase Global Inc (COIN) with a crypto approach, while ATCL (REX Autocallable Income ETF) is actively managed around U.S. Large Cap Equities exposure with an active approach. They are issued by GraniteShares and REX Shares respectively.

Can I hold both ATC and ATCL?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Is ATC or ATCL safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — they are effectively tied: ATC scores 50, ATCL scores 50. Neither has a clear safety edge on that measure. No score makes an investment risk-free — treat this as a screening signal, not a guarantee, and the leverage, options-income, or crypto caveats flagged on this page apply regardless of score.

Which has lower fees, ATC or ATCL?

ATC has an expense ratio of 1.07% while ATCL charges 0.65%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in ATC vs ATCL generate?

At current rates, $10,000 in ATC would generate roughly $300.67 per month ($3,608.00 annually). The same in ATCL would produce about $114.25 per month ($1,371.00 annually).

Which has performed better historically, ATC or ATCL?

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ATC vs ATCL — at a glance

Generated September 20, 2026.

Overview

ATC and ATCL are both autocallable-focused ETFs that seek to generate elevated monthly income through structured strategies, but they differ sharply in underlying exposure and payout magnitude. ATC wraps a laddered portfolio of autocallables written on a single asset—Coinbase Global Inc (COIN)—while ATCL uses an actively managed autocallable strategy on a broad U.S. large-cap equity base. The distinction matters: one bets on a single crypto-linked stock; the other diversifies across the broad market.

How they differ

The biggest difference is underlying concentration. ATC's autocallables are all struck on COIN, a single volatile equity; ATCL's are built on a diversified U.S. large-cap universe. That concentration choice drives the second key difference: yield. The third difference is fund maturity and scale: ATC launched 05/11/2026 with $958,877 in assets; ATCL started 02/17/2026 and holds $47.4M, so both are nascent, though ATC has attracted more capital despite its narrower bet.

Who each is best for

ATC: Fits investors seeking maximum current income from a single, well-known crypto stock and willing to accept that all portfolio risk derives from COIN's price and volatility swings.

ATCL: Fits investors who want autocallable-structured income with explicit downside dampening (0.3959 beta suggests reduced equity sensitivity) and prefer diversified large-cap exposure over single-stock concentration.

Key risks to know

NAV erosion at extreme yields. ATC's 36.08% yield is more than 2.6 times ATCL's 13.71%. Yields this high typically rely partly on return-of-capital treatment or NAV decay; the gap warrants close scrutiny of distribution composition and the fund's ability to sustain payouts if autocallable rolls fail to reset.

Single-stock concentration risk. ATC's entire exposure hinges on COIN performance and volatility. A sustained decline or regulatory pressure on Coinbase directly imperils both the underlying and the structured payoff stream, with no hedge to other equity sectors or asset classes.

Autocallable knockout and reset risk. Both funds depend on structured notes that "knock out" (terminate early) if the underlying hits a predetermined barrier, or reset with new strikes if barriers are not breached. Frequent knockouts may force reinvestment at worse terms; failed resets leave investors exposed to unhedged equity risk temporarily. Trading volume and pricing efficiency are unproven; wider spreads or order-execution friction may apply, particularly in ATC given its single-stock focus.

Structural complexity and leverage. Autocallable strategies embed embedded options and often use derivative overlays. ATC's higher yield hints at more aggressive option positioning; both funds carry structural leverage risk that may amplify losses in tail events.

Bottom line

If you prioritize maximum current income and can tolerate concentration risk tied to a single volatile equity, ATC's 36.08% yield stands out, though that payout rate carries material NAV-erosion and sustainability questions. Past performance does not guarantee future results.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

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The metrics behind this comparison, explained in the Academy.

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