Which is cheaper, IACL or JANQ?

IACL charges 0.55% a year and JANQ charges 0.79%, so IACL is cheaper. Fees come from each fund's prospectus.

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

IACL and JANQ both write options for income. GraniteShares US 100 Autocallable Income ETF and Innovator Premium Income 40 Barrier ETF - January.

0.4%

IACL cash paid, since launch

0.0%

JANQ cash paid, since launch

+1.1%

IACL total return, since launch

0.0%

JANQ total return, since launch

IACL · since launch to Sep 30, 20261.4 pts ahead of SPY

IACL

+1.1%

SPY

−0.4%

1.4 pts ahead of SPY

IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 pts.

SPY

−0.4%

IACL

+1.1%

0.4% as cash

1.4 pts ahead of SPY

Total return, distributions reinvested

1.4 pts ahead of SPY

IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 pts.

SPY

−0.4%

IACL

+1.1%

1.4 pts ahead of SPY

0.4% of it arrived as cash. Total return, distributions reinvested. IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 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 +1.1%. 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	IACL	JANQ	IACL	JANQ	IACL	JANQ
Since launch IACL Aug 2026 · JANQ Sep 2026	+1.1%	0.0%	0.4%	0.0%	+1.4 pts	−0.9 pts

IACL 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

IACL

GraniteShares US 100 Autocallable Income ETF · Autocallable on SPY

JANQ

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

Issuer GraniteShares 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 5.0% not published

Expense ratio 0.55% 0.79%

Cash paid, 1 year 0.4% (since launch on Aug 18, 2026) 0.0% (since launch on Sep 10, 2026)

Price change, 1 year +0.7% 0.0%

Total return, 1 year +1.1% (since launch on Aug 18, 2026) 0.0% (since launch on Sep 10, 2026)

Benchmark return, 1 year −0.4% +0.9%

Ahead or behind +1.4 pts −0.9 pts

Return of capital, latest estimate 99% not published

Age 43 days 20 days

Net assets $3m not published

IACL and JANQ on the same fields, as of Sep 30, 2026. Source: ETFIQ.

IACL in plain words

Over the period since launch on Aug 18, 2026 to Sep 30, 2026, IACL paid 0.4% of its starting value in cash distributions while its price rose 0.7%. With every distribution reinvested, the fund returned +1.1%. S&P 500 (SPY), used as a default proxy returned −0.4% over the same days, so a holder was ahead by 1.4 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 5.0%, paid periodically. GraniteShares estimates that 99% of the distribution paid Sep 11, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

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, IACL or JANQ?: IACL charges 0.55% a year and JANQ charges 0.79%, so IACL is cheaper. Fees come from each fund's prospectus.

Other comparisons

IACL vs ACII IACL vs ACQQ IACL vs ACRT IACL vs ACSP JANQ vs OARK JANQ vs OCTH JANQ vs OCTJ JANQ vs ODTE

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

Where these figures came from

IACL filings on SEC EDGAR ↗IACL prospectus with the expense ratio (SEC) ↗IACL 19a-1 distribution notice ↗GraniteShares page for IACL ↗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, IACL against JANQ, data as of Sep 30, 2026. https://etfiq.com/compare/income/iacl-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.