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Data as of .

HJAN vs TCAL: which paid, and which earned it?

HJAN and TCAL both write options for income.

Innovator Premium Income 9 Buffer ETF - January and T. Rowe Price Capital Appreciation Premium Income ETF.

0.0%HJAN cash paid, 1 year
11.4%TCAL cash paid, 1 year
0.0%HJAN total return, 1 year
+3.0%TCAL total return, 1 year
HJAN0.8 pts behind SPY · since launch to Sep 18, 2026
SPY+0.8%HJAN0.0%0.8 pts behind SPYTotal return, distributions reinvestedSPY+0.8%HJAN0.0%0.8 pts behind SPY
TCAL13.5 pts behind SPY · 1 year to Sep 18, 2026
SPY+16.6%TCAL+3.0%11.4% as cash13.5 pts behind SPYTotal return, distributions reinvestedSPY+16.6%TCAL+3.0%13.5 pts behind SPY

Performance, window by window

HJAN and TCAL over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
HJANTCALHJANTCALHJANTCAL
3 monthsnot published+4.2%not published3.5%not published+1.9 pts
6 monthsnot published+5.3%not published6.3%not published−12.7 pts
1 yearnot published+3.0%not published11.4%not published−13.5 pts
Since launch0.0%+3.9%0.0%15.2%−0.8 pts−32.7 pts
Open the live comparison on ETFIQ
HJAN and TCAL on the same fields, as of Sep 18, 2026. Source: ETFIQ.
HJAN
Innovator Premium Income 9 Buffer ETF - January
Buffer with income on SPY
TCAL
T. Rowe Price Capital Appreciation Premium Income ETF
Covered call on SPY, paying monthly
IssuerInnovatorT. Rowe Price
Strategybuffer with incomecovered call
BenchmarkS&P 500 (SPY)S&P 500 (SPY), used as a default proxy
Paysnot establishedmonthly
Payout rate, annualizednot published9.4%
Expense ratio0.79%0.34%
Cash paid, 1 year0.0% (since launch on Sep 10, 2026)11.4%
Price change, 1 year0.0%−8.6%
Total return, 1 year0.0% (since launch on Sep 10, 2026)+3.0%
Benchmark return, 1 year+0.8%+16.6%
Ahead or behind−0.8 pts−13.5 pts
Return of capital, latest estimatenot publishednot published
Age8 days540 days
Net assetsnot published$276m

HJAN in plain words

Over the period since launch on Sep 10, 2026 to Sep 18, 2026, HJAN 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 +0.8% over the same days, so a holder was behind by 0.8 pts.

TCAL in plain words

Over the year to Sep 18, 2026, TCAL paid 11.4% of its starting value in cash distributions while its price fell 8.6%. With every distribution reinvested, the fund returned +3.0%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 13.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.4%, paid monthly.

Questions people ask

Which is cheaper, HJAN or TCAL?
HJAN charges 0.79% a year and TCAL charges 0.34%, so TCAL is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

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

HJAN against TCAL, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, HJAN against TCAL, data as of Sep 18, 2026. https://etfiq.com/compare/income/hjan-vs-tcal Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources