Which is cheaper, CAGE or JANQ?

CAGE charges 0.74% a year and JANQ charges 0.79%, so CAGE is cheaper. Fees come from each fund's prospectus.

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

CAGE and JANQ both write options for income. Calamos Autocallable Growth ETF and Innovator Premium Income 40 Barrier ETF - January.

0.0%

CAGE cash paid, since launch

0.0%

JANQ cash paid, since launch

+14.4%

CAGE total return, since launch

0.0%

JANQ total return, since launch

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.

JANQ · since launch to Sep 30, 20260.9 pts behind SPY

JANQ

0.0%

SPY

+0.9%

0.9 pts behind SPY

JANQ since launch: paid 0.0%, price 0.0%, total 0.0%, SPY +0.9%, −0.9 pts.

SPY

+0.9%

JANQ

0.0%

0.9 pts behind SPY

Total return, distributions reinvested

0.9 pts behind SPY

JANQ since launch: paid 0.0%, price 0.0%, total 0.0%, SPY +0.9%, −0.9 pts.

SPY

+0.9%

JANQ

0.0%

0.9 pts behind SPY

0.0% of it arrived as cash. Both charts share one scale, 0 to +14.4%. JANQ since launch: paid 0.0%, price 0.0%, total 0.0%, SPY +0.9%, −0.9 pts.

Performance, window by window

	Total return		Cash paid		Against the benchmark
Window	CAGE	JANQ	CAGE	JANQ	CAGE	JANQ
3 months	+3.7%	not published	0.0%	not published	+1.1 pts	not published
Since launch CAGE Apr 2026 · JANQ Sep 2026	+14.4%	0.0%	0.0%	0.0%	+5.2 pts	−0.9 pts

CAGE and JANQ 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

JANQ

Innovator Premium Income 40 Barrier ETF - January · Defined income on SPY

Issuer Calamos Innovator

Strategy autocallable defined income

Benchmark S&P 500 (SPY), used as a default proxy S&P 500 (SPY)

Pays not established not established

Payout rate, annualized not published not published

Expense ratio 0.74% 0.79%

Cash paid, 1 year 0.0% (since launch on Apr 16, 2026) 0.0% (since launch on Sep 10, 2026)

Price change, 1 year +14.4% 0.0%

Total return, 1 year +14.4% (since launch on Apr 16, 2026) 0.0% (since launch on Sep 10, 2026)

Benchmark return, 1 year +9.2% +0.9%

Ahead or behind +5.2 pts −0.9 pts

Return of capital, latest estimate not published not published

Age 167 days 20 days

Net assets $14m not published

CAGE and JANQ 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.

JANQ in plain words

Over the period since launch on Sep 10, 2026 to Sep 30, 2026, JANQ paid 0.0% of its starting value in cash distributions while its price rose 0.0%. With every distribution reinvested, the fund returned 0.0%. S&P 500 (SPY) returned +0.9% over the same days, so a holder was behind by 0.9 pts.

Questions people ask

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

Other comparisons

CAGE vs JANJ CAGE vs MSR CAGE vs OCTH CAGE vs OCTJ JANQ vs SEPI JANQ vs SIOO JANQ vs SIXH JANQ vs SPIN

S&P 500 (SPY) →CAGE on its own →JANQ on its own →How every figure is computed →Standards and sources →

Where these figures came from

CAGE filings on SEC EDGAR ↗CAGE prospectus with the expense ratio (SEC) ↗Calamos website ↗JANQ filings on SEC EDGAR ↗JANQ prospectus with the expense ratio (SEC) ↗Innovator website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

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

Open data

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