Which paid more, JANH or OVLH?

Over the year to Nov 4, 2026, JANH paid 6.2% of its starting price in cash and OVLH paid 0.3%, so JANH paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, JANH or OVLH?

With every distribution reinvested, JANH returned +6.5% and OVLH +7.0% over the year to Nov 4, 2026.

Which is cheaper, JANH or OVLH?

JANH charges 0.79% a year and OVLH charges 0.80%, so JANH is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JANH vs OVLH: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, JANH paid 6.2% of its price in cash against OVLH’s 0.3% and the two finished level on total return.

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Net assets: $12m on Nov 4, 2026 for Innovator Premium Income 20 Barrier ETF - January, and $109m on Aug 31, 2026 for Overlay Shares Hedged Large Cap Equity ETF.

JANH on its own →OVLH on its own →

At a glance

6.2%

JANH cash paid, 1 year

0.3%

OVLH cash paid, 1 year

+6.5%

JANH total return, 1 year

+7.0%

OVLH total return, 1 year

JANH · 1 year to Nov 4, 2026 8.3 pts behind SPY

JANH

+6.5%

SPY

+14.8%

8.3 pts behind SPY

JANH over 1 year: paid 6.2%, price +0.1%, total +6.5%, SPY +14.8%, −8.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

JANH

+6.5%

6.2% of it arrived as cash

8.3 pts behind SPY

Total return, distributions reinvested

8.3 pts behind SPY

JANH over 1 year: paid 6.2%, price +0.1%, total +6.5%, SPY +14.8%, −8.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

JANH

+6.5%

8.3 pts behind SPY

6.2% of it arrived as cash. Total return, distributions reinvested. JANH over 1 year: paid 6.2%, price +0.1%, total +6.5%, SPY +14.8%, −8.3 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

OVLH · 1 year to Nov 4, 2026 7.8 pts behind VOO

OVLH

+7.0%

VOO

+14.8%

7.8 pts behind VOO

OVLH over 1 year: paid 0.3%, price +6.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.

VOO

+14.8%

OVLH

+7.0%

7.8 pts behind VOO

Total return, distributions reinvested

7.8 pts behind VOO

OVLH over 1 year: paid 0.3%, price +6.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.

VOO

+14.8%

OVLH

+7.0%

7.8 pts behind VOO

0.3% of it arrived as cash. Both charts share one scale, 0 to +14.8%. OVLH over 1 year: paid 0.3%, price +6.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.

Pair scorecard

JANH costs 0.01 points a year less; their one-year returns differ by 0.5 points.

Points (pts) are percentage points.

JANH vs OVLH: Dividend Yield & Total Return
Measure	JANH	OVLH
Paid and earned
Measure	JANH	OVLH
Total return, 1 year	+6.5%	+7.0%
Price change, 1 year	rose 0.1%	rose 6.7%
Return of capital, issuer estimate	50% of the Oct 2, 2026 payment	38% of the Dec 29, 2023 payment
Against its benchmark
Measure	JANH	OVLH
Benchmark	S&P 500, measured through SPY	Vanguard S&P 500 ETF, measured through VOO
Cost and size
Measure	JANH	OVLH
Expense ratio	0.79%	0.80%
Net assets, JANH as of Nov 4, 2026 and OVLH as of Aug 31, 2026	$12m	$109m
Holdings
Measure	JANH	OVLH
Holdings in common	0%

ETFIQ Distribution Coverage Score · OVLH scores higher How much of what it paid out did its total return cover?

IQ Income Score61.1JANH99.7OVLH

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

JANH 61.1

OVLH 99.7

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

By the books each fund has filed, JANH and OVLH hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first JANH OVLH

Only in one fund ↓

Only in JANH

Only in OVLH

Vanguard S&P 500 ETF 97.79%

Check overlap with more funds →

Side by side

JANH Innovator Premium Income 20 Barrier ETF - January · Defined income on SPY, paying quarterly OVLH Overlay Shares Hedged Large Cap Equity ETF · Put-selling overlay, hedged on VOO, paying annually

Issuer Innovator Overlay Shares

Strategy defined income put-selling overlay, hedged

Benchmark S&P 500 (SPY) Vanguard S&P 500 ETF (VOO)

Pays quarterly annual

Payout rate, annualized 6.2% 0.3%

Expense ratio 0.79% 0.80%

Cash paid, 1 year 6.2% 0.3%

Price change, 1 year +0.1% +6.7%

Total return, 1 year +6.5% +7.0%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −8.3 pts −7.8 pts

Return of capital, latest estimate 50% 38%

Age 2.8 years 5.8 years

Net assets, JANH as of Nov 4, 2026 and OVLH as of Aug 31, 2026 $12m $109m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: JANH vs OVLH: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JANH	OVLH	JANH	OVLH	JANH	OVLH
3 months	+1.3%	−1.4%	1.6%	0.0%	+1.4 pts	−1.3 pts
6 months	+3.3%	+1.6%	3.1%	0.0%	−1.7 pts	−3.5 pts
1 year	+6.5%	+7.0%	6.2%	0.3%	−8.3 pts	−7.8 pts
3 years	–	+58.6%	–	1.7%	–	−24.8 pts
Since launchNot the same days: JANH Jan 2024 · OVLH Jan 2021	+20.6%	+73.9%	17.7%	3.2%	−47.0 pts	−47.2 pts

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Alert

About each fund

JANH

Over the year to Nov 4, 2026, JANH paid 6.2% of its starting value in cash distributions while its price rose 0.1%. With every distribution reinvested, the fund returned +6.5%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 8.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.2%, paid quarterly. Innovator estimates that 50% of the distribution paid Oct 2, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

OVLH

Over the year to Nov 4, 2026, OVLH paid 0.3% of its starting value in cash distributions while its price rose 6.7%. With every distribution reinvested, the fund returned +7.0%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 7.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 0.3%, paid annually. Overlay Shares estimates that 38% of the distribution paid Dec 29, 2023 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, JANH or OVLH?: Over the year to Nov 4, 2026, JANH paid 6.2% of its starting price in cash and OVLH paid 0.3%, so JANH paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, JANH or OVLH?: With every distribution reinvested, JANH returned +6.5% and OVLH +7.0% over the year to Nov 4, 2026.
Which is cheaper, JANH or OVLH?: JANH charges 0.79% a year and OVLH charges 0.80%, so JANH is cheaper. Fees come from each fund's prospectus.

Other comparisons

JANH vs OVL JANH vs LOCT JANH vs LJUL JANH vs TPAY OVLH vs JULJ OVLH vs JANJ OVLH vs NLSI OVLH vs TPRY

Where to next

S&P 500 (SPY) →Vanguard S&P 500 ETF (VOO) →JANH on its own →OVLH on its own →JANH dividend history →OVLH dividend history →OVLH holdings →Method →Standards and sources →

Sources and dates

JANH filings on SEC EDGAR ↗

JANH prospectus with the expense ratio (SEC) ↗

JANH 19a-1 distribution notice ↗

Innovator page for JANH ↗

OVLH filings on SEC EDGAR ↗

OVLH prospectus with the expense ratio (SEC) ↗

OVLH 19a-1 distribution notice ↗

Overlay Shares website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, JANH against OVLH, data as of Nov 4, 2026. https://etfiq.com/compare/income/janh-vs-ovlh

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