CAGE vs JANH: which paid, and which earned it?

CAGE and JANH both write options for income. Calamos Autocallable Growth ETF and Innovator Premium Income 20 Barrier ETF - January.

0.0%
CAGE cash paid, since launch
6.3%
JANH cash paid, 1 year
+14.4%
CAGE total return, since launch
+6.5%
JANH total return, 1 year
CAGE · since launch to Sep 30, 20265.2 pts ahead of SPY
CAGE
+14.4%
SPY
+9.2%

5.2 pts ahead of SPY

CAGE since launch: paid 0.0%, price +14.4%, total +14.4%, SPY +9.2%, +5.2 pts.

SPY

+9.2%

CAGE

+14.4%

5.2 pts ahead of SPY

Total return, distributions reinvested

5.2 pts ahead of SPY

CAGE since launch: paid 0.0%, price +14.4%, total +14.4%, SPY +9.2%, +5.2 pts.

SPY

+9.2%

CAGE

+14.4%

5.2 pts ahead of SPY

0.0% of it arrived as cash. Total return, distributions reinvested. CAGE since launch: paid 0.0%, price +14.4%, total +14.4%, SPY +9.2%, +5.2 pts.

JANH · 1 year to Sep 30, 20269.2 pts behind SPY
JANH
+6.5%
SPY
+15.7%

9.2 pts behind SPY

JANH over 1 year: paid 6.3%, price +0.1%, total +6.5%, SPY +15.7%, −9.2 pts.

SPY

+15.7%

JANH

+6.5%

6.3% of it arrived as cash

9.2 pts behind SPY

Total return, distributions reinvested

9.2 pts behind SPY

JANH over 1 year: paid 6.3%, price +0.1%, total +6.5%, SPY +15.7%, −9.2 pts.

SPY

+15.7%

JANH

+6.5%

9.2 pts behind SPY

6.3% of it arrived as cash. Both charts share one scale, 0 to +15.7%. JANH over 1 year: paid 6.3%, price +0.1%, total +6.5%, SPY +15.7%, −9.2 pts.

What they hold in common

By the books each fund has filed, CAGE and JANH hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding CAGE JANH
Only in CAGE
Calamos Tax-Aware Collateral ETF 100.00%
Only in JANH
TREASURY BILL 96.95%
TREASURY BILL 1.53%
TREASURY BILL 1.52%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowCAGEJANHCAGEJANHCAGEJANH
3 months+3.7%+1.6%0.0%1.6%+1.1 pts−0.9 pts
6 monthsnot published+6.1%not published3.2%not published−10.9 pts
1 yearnot published+6.5%not published6.3%not published−9.2 pts
Since launch
CAGE Apr 2026 · JANH Jan 2024
+14.4%+20.0%0.0%17.7%+5.2 pts−46.6 pts

CAGE and JANH over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

CAGE
Calamos Autocallable Growth ETF · Autocallable on SPY
JANH
Innovator Premium Income 20 Barrier ETF - January · Defined income on SPY, paying quarterly
Issuer Calamos Innovator
Strategy autocallable defined income
Benchmark S&P 500 (SPY), used as a default proxy S&P 500 (SPY)
Pays not established quarterly
Payout rate, annualized not published 6.3%
Expense ratio 0.74% 0.79%
Cash paid, 1 year 0.0% (since launch on Apr 16, 2026) 6.3%
Price change, 1 year +14.4% +0.1%
Total return, 1 year +14.4% (since launch on Apr 16, 2026) +6.5%
Benchmark return, 1 year +9.2% +15.7%
Ahead or behind +5.2 pts −9.2 pts
Return of capital, latest estimate not published not published
Age 167 days 1002 days
Net assets $14m $12m

CAGE and JANH on the same fields, as of Sep 30, 2026. Source: ETFIQ.

CAGE in plain words

Over the period since launch on Apr 16, 2026 to Sep 30, 2026, CAGE paid 0.0% of its starting value in cash distributions while its price rose 14.4%. With every distribution reinvested, the fund returned +14.4%. S&P 500 (SPY), used as a default proxy returned +9.2% over the same days, so a holder was ahead by 5.2 pts.

JANH in plain words

Over the year to Sep 30, 2026, JANH paid 6.3% of its starting value in cash distributions while its price rose 0.1%. With every distribution reinvested, the fund returned +6.5%. S&P 500 (SPY) returned +15.7% over the same days, so a holder was behind by 9.2 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 6.3%, paid quarterly.

Questions people ask

Which is cheaper, CAGE or JANH?
CAGE charges 0.74% a year and JANH charges 0.79%, so CAGE is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, CAGE against JANH, data as of Sep 30, 2026. https://etfiq.com/compare/income/cage-vs-janh

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.