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Data as of Nov 4, 2026.

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Income ETFs

JANH vs TCAL: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, TCAL paid 11.4% of its price in cash against JANH’s 6.2%, and returned more with it reinvested.

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Net assets: $12m on Nov 4, 2026 for Innovator Premium Income 20 Barrier ETF - January, and $324m on Nov 3, 2026 for T. Rowe Price Capital Appreciation Premium Income ETF.

JANH on its own →TCAL on its own →
At a glance
6.2%
JANH cash paid, 1 year
11.4%
TCAL cash paid, 1 year
+6.5%
JANH total return, 1 year
+11.2%
TCAL 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.
TCAL · 1 year to Nov 4, 2026 3.4 pts behind its own stocks
TCAL
+11.2%
Own
+14.6%

3.4 pts behind its own stocks

TCAL over 1 year: paid 11.4%, price −1.2%, total +11.2%, its own stocks +14.6%, −3.4 pts. Data to Nov 4, 2026.

its own stocks

+14.6%

TCAL

+11.2%

11.4% of it arrived as cash

3.4 pts behind its own stocks

Total return, distributions reinvested

3.4 pts behind its own stocks

TCAL over 1 year: paid 11.4%, price −1.2%, total +11.2%, its own stocks +14.6%, −3.4 pts. Data to Nov 4, 2026.

its own stocks

+14.6%

TCAL

+11.2%

11.4% as cash

11.4% of it arrived as cash. Both charts share one scale, with zero at the line. TCAL over 1 year: paid 11.4%, price −1.2%, total +11.2%, its own stocks +14.6%, −3.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

TCAL costs 0.45 points a year less; their one-year returns differ by 4.7 points; TCAL is far larger, $324m against $12m.

Points (pts) are percentage points.

JANH vs TCAL: Dividend Yield & Total Return
MeasureJANHTCAL
Paid and earned
Total return, 1 year+6.5%+11.2%
Price change, 1 yearrose 0.1%fell 1.2%
Return of capital, issuer estimate50% of the Oct 2, 2026 payment
Against its benchmark
BenchmarkS&P 500, measured through SPYits own stocks
Cost and size
Expense ratio0.79%0.34%
Net assets, as of Nov 3, 2026$12m$324m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · JANH scores higher How much of what it paid out did its total return cover?
IQ Income Score61.1JANH54.8TCAL

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

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

0%

By the books each fund has filed, JANH and TCAL hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first JANH TCAL
Only in one fund ↓
Only in JANH
Only in TCAL
DANAHER CORP 2.02%
WATERS CORP 1.99%
VERALTO CORP 1.89%
WASTE CONNECTIONS INC 1.82%
YUM BRANDS INC 1.73%
MCDONALD S CORP 1.71%
VISA INC-CLASS A SHARES 1.71%
LINDE PLC 1.65%
Check overlap with more funds →

Side by side

JANH Innovator Premium Income 20 Barrier ETF - January · Defined income on SPY, paying quarterly TCAL T. Rowe Price Capital Appreciation Premium Income ETF · Covered call on its own stocks, paying monthly
Issuer Innovator T. Rowe Price
Strategy defined income covered call
Benchmark S&P 500 (SPY) TCAL's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026)
Pays quarterly monthly
Payout rate, annualized 6.2% 13.0%
Expense ratio 0.79% 0.34%
Cash paid, 1 year 6.2% 11.4%
Price change, 1 year +0.1% −1.2%
Total return, 1 year +6.5% +11.2%
Benchmark return, 1 year +14.8% +14.6%
Ahead or behind −8.3 pts −3.4 pts
Return of capital, latest estimate 50% not published
Age 2.8 years 1.6 years
Net assets, JANH as of Nov 4, 2026 and TCAL as of Nov 3, 2026 $12m $324m

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 TCAL: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowJANHTCALJANHTCALJANHTCAL
3 months+1.3%+5.3%1.6%2.6%+1.4 pts−1.8 pts
6 months+3.3%+12.3%3.1%6.3%−1.7 pts−0.9 pts
1 year+6.5%+11.2%6.2%11.4%−8.3 pts−3.5 pts
Since launchNot the same days: JANH Jan 2024 · TCAL Mar 2025+20.6%+12.0%17.7%16.9%−47.0 ptsnot measured

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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.

TCAL

Over the year to Nov 4, 2026, TCAL paid 11.4% of its starting value in cash distributions while its price fell 1.2%. With every distribution reinvested, the fund returned +11.2%. TCAL's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned +14.6% over the same days, so a holder was behind by 3.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 13.0%, paid monthly.

Questions people ask

Which paid more, JANH or TCAL?
Over the year to Nov 4, 2026, JANH paid 6.2% of its starting price in cash and TCAL paid 11.4%, so TCAL 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 TCAL?
With every distribution reinvested, JANH returned +6.5% and TCAL +11.2% over the year to Nov 4, 2026.
Which is cheaper, JANH or TCAL?
JANH charges 0.79% a year and TCAL charges 0.34%, so TCAL is cheaper. Fees come from each fund's prospectus.
Other comparisons
JANH vs SCEPJANH vs RNTYJANH vs JUDOJANH vs GRNITCAL vs NLSITCAL vs TPRYTCAL vs JULJTCAL vs JANJ
Where to next
S&P 500 (SPY) →JANH on its own →TCAL on its own →JANH dividend history →TCAL dividend history →TCAL 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 ↗
TCAL filings on SEC EDGAR ↗
TCAL prospectus with the expense ratio (SEC) ↗
T. Rowe Price 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 TCAL, data as of Nov 4, 2026. https://etfiq.com/compare/income/janh-vs-tcal

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