Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

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

HJAN and TSPY both write options for income.

Innovator Premium Income 9 Buffer ETF - January and TappAlpha S&P 500 Growth & Daily Income ETF.

0.0%HJAN cash paid, 1 year
14.1%TSPY cash paid, 1 year
0.0%HJAN total return, 1 year
+15.1%TSPY 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
TSPY1.5 pts behind SPY · 1 year to Sep 18, 2026
SPY+16.6%TSPY+15.1%14.1% of it arrived as cash1.5 pts behind SPYTotal return, distributions reinvestedSPY+16.6%TSPY+15.1%14.1% as cash1.5 pts behind SPY

Performance, window by window

HJAN and TSPY over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
HJANTSPYHJANTSPYHJANTSPY
3 monthsnot published+2.3%not published3.5%not published0.0 pts
6 monthsnot published+16.4%not published7.6%not published−1.6 pts
1 yearnot published+15.1%not published14.1%not published−1.5 pts
Since launch0.0%+37.3%0.0%28.7%−0.8 pts−4.0 pts
Open the live comparison on ETFIQ
HJAN and TSPY on the same fields, as of Sep 18, 2026. Source: ETFIQ.
HJAN
Innovator Premium Income 9 Buffer ETF - January
Buffer with income on SPY
TSPY
TappAlpha S&P 500 Growth & Daily Income ETF
Option income on SPY, paying monthly
IssuerInnovatorTappAlpha
Strategybuffer with incomeoption income
BenchmarkS&P 500 (SPY)S&P 500 (SPY)
Paysnot establishedmonthly
Payout rate, annualizednot published14.0%
Expense ratio0.79%0.77%
Cash paid, 1 year0.0% (since launch on Sep 10, 2026)14.1%
Price change, 1 year0.0%−0.1%
Total return, 1 year0.0% (since launch on Sep 10, 2026)+15.1%
Benchmark return, 1 year+0.8%+16.6%
Ahead or behind−0.8 pts−1.5 pts
Return of capital, latest estimatenot publishednot published
Age8 days764 days
Net assetsnot published$311m

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.

TSPY in plain words

Over the year to Sep 18, 2026, TSPY paid 14.1% of its starting value in cash distributions while its price fell 0.1%. With every distribution reinvested, the fund returned +15.1%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 1.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 14.0%, paid monthly.

Questions people ask

Which is cheaper, HJAN or TSPY?
HJAN charges 0.79% a year and TSPY charges 0.77%, so TSPY 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 TSPY, 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 TSPY, data as of Sep 18, 2026. https://etfiq.com/compare/income/hjan-vs-tspy Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources