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

IACL and OCTJ both write options for income. GraniteShares US 100 Autocallable Income ETF and Innovator Premium Income 30 Barrier ETF - October.

0.4%
IACL cash paid, since launch
5.3%
OCTJ cash paid, 1 year
+1.1%
IACL total return, since launch
+5.5%
OCTJ total return, 1 year
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%

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.

OCTJ · 1 year to Sep 30, 202610.3 pts behind SPY
OCTJ
+5.5%
SPY
+15.7%

10.3 pts behind SPY

OCTJ over 1 year: paid 5.3%, price 0.0%, total +5.5%, SPY +15.7%, −10.3 pts.

SPY

+15.7%

OCTJ

+5.5%

5.3% of it arrived as cash

10.3 pts behind SPY

Total return, distributions reinvested

10.3 pts behind SPY

OCTJ over 1 year: paid 5.3%, price 0.0%, total +5.5%, SPY +15.7%, −10.3 pts.

SPY

+15.7%

OCTJ

+5.5%

10.3 pts behind SPY

5.3% of it arrived as cash. Both charts share one scale, 0 to +15.7%. OCTJ over 1 year: paid 5.3%, price 0.0%, total +5.5%, SPY +15.7%, −10.3 pts.

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowIACLOCTJIACLOCTJIACLOCTJ
3 monthsnot published+1.0%not published1.3%not published−1.5 pts
6 monthsnot published+3.4%not published2.7%not published−13.6 pts
1 yearnot published+5.5%not published5.3%not published−10.3 pts
Since launch
IACL Aug 2026 · OCTJ Oct 2023
+1.1%+18.9%0.4%17.2%+1.4 pts−66.1 pts

IACL and OCTJ 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
OCTJ
Innovator Premium Income 30 Barrier ETF - October · Defined income on SPY, paying quarterly
Issuer GraniteShares 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 5.0% 5.3%
Expense ratio 0.55% 0.79%
Cash paid, 1 year 0.4% (since launch on Aug 18, 2026) 5.3%
Price change, 1 year +0.7% 0.0%
Total return, 1 year +1.1% (since launch on Aug 18, 2026) +5.5%
Benchmark return, 1 year −0.4% +15.7%
Ahead or behind +1.4 pts −10.3 pts
Return of capital, latest estimate 99% not published
Age 43 days 1094 days
Net assets $3m $15m

IACL and OCTJ 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).

OCTJ in plain words

Over the year to Sep 30, 2026, OCTJ paid 5.3% of its starting value in cash distributions while its price rose 0.0%. With every distribution reinvested, the fund returned +5.5%. S&P 500 (SPY) returned +15.7% over the same days, so a holder was behind by 10.3 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 5.3%, paid quarterly.

Questions people ask

Which is cheaper, IACL or OCTJ?
IACL charges 0.55% a year and OCTJ charges 0.79%, so IACL is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, IACL against OCTJ, data as of Sep 30, 2026. https://etfiq.com/compare/income/iacl-vs-octj

Open data

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