Which paid more, JANJ or KHPI?

Over the year to Nov 4, 2026, JANJ paid 5.0% of its starting price in cash and KHPI paid 9.0%, so KHPI paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, JANJ or KHPI?

With every distribution reinvested, JANJ returned +5.2% and KHPI +9.5% over the year to Nov 4, 2026.

Which is cheaper, JANJ or KHPI?

JANJ charges 0.79% a year and KHPI charges 0.98%, so JANJ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JANJ vs KHPI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, KHPI paid 9.0% of its price in cash against JANJ’s 5.0%, and returned more with it reinvested.

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Net assets: $14m on Nov 4, 2026 for Innovator Premium Income 30 Barrier ETF - January, and $401m on Jun 30, 2026 for Kensington Hedged Premium Income ETF.

JANJ on its own →KHPI on its own →

At a glance

5.0%

JANJ cash paid, 1 year

9.0%

KHPI cash paid, 1 year

+5.2%

JANJ total return, 1 year

+9.5%

KHPI total return, 1 year

JANJ · 1 year to Nov 4, 2026 9.6 pts behind SPY

JANJ

+5.2%

SPY

+14.8%

9.6 pts behind SPY

JANJ over 1 year: paid 5.0%, price +0.1%, total +5.2%, SPY +14.8%, −9.6 pts. Data to Nov 4, 2026.

SPY

+14.8%

JANJ

+5.2%

5.0% of it arrived as cash

9.6 pts behind SPY

Total return, distributions reinvested

9.6 pts behind SPY

JANJ over 1 year: paid 5.0%, price +0.1%, total +5.2%, SPY +14.8%, −9.6 pts. Data to Nov 4, 2026.

SPY

+14.8%

JANJ

+5.2%

9.6 pts behind SPY

5.0% of it arrived as cash. Total return, distributions reinvested. JANJ over 1 year: paid 5.0%, price +0.1%, total +5.2%, SPY +14.8%, −9.6 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

KHPI · 1 year to Nov 4, 2026 5.3 pts behind SPY

KHPI

+9.5%

SPY

+14.8%

5.3 pts behind SPY

KHPI over 1 year: paid 9.0%, price +0.1%, total +9.5%, SPY +14.8%, −5.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

KHPI

+9.5%

9.0% of it arrived as cash

5.3 pts behind SPY

Total return, distributions reinvested

5.3 pts behind SPY

KHPI over 1 year: paid 9.0%, price +0.1%, total +9.5%, SPY +14.8%, −5.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

KHPI

+9.5%

9.0% cash

5.3 pts behind SPY

9.0% of it arrived as cash. Both charts share one scale, 0 to +14.8%. KHPI over 1 year: paid 9.0%, price +0.1%, total +9.5%, SPY +14.8%, −5.3 pts. Data to Nov 4, 2026.

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

Pair scorecard

JANJ costs 0.19 points a year less; their one-year returns differ by 4.3 points.

Points (pts) are percentage points.

JANJ vs KHPI: Dividend Yield & Total Return
Measure	JANJ	KHPI
Paid and earned
Measure	JANJ	KHPI
Total return, 1 year	+5.2%	+9.5%
Price change, 1 year	rose 0.1%	rose 0.1%
Return of capital, issuer estimate	46% of the Oct 2, 2026 payment	100% of the Nov 2, 2026 payment
Against its benchmark
Measure	JANJ	KHPI
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	JANJ	KHPI
Expense ratio	0.79%	0.98%
Net assets, JANJ as of Nov 4, 2026 and KHPI as of Jun 30, 2026	$14m	$401m
Holdings
Measure	JANJ	KHPI
Holdings in common	0%

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

IQ Income Score59.6JANJ62KHPI

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

JANJ 59.6

KHPI 62

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, JANJ and KHPI hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first JANJ KHPI

Only in one fund ↓

Only in JANJ

Only in KHPI

Vanguard S&P 500 ETF 100.06%

Check overlap with more funds →

Side by side

JANJ Innovator Premium Income 30 Barrier ETF - January · Defined income on SPY, paying quarterly KHPI Kensington Hedged Premium Income ETF · Covered call on SPY, paying monthly

Issuer Innovator Kensington

Strategy defined income covered call

Benchmark S&P 500 (SPY) S&P 500 (SPY)

Pays quarterly monthly

Payout rate, annualized 5.0% 9.1%

Expense ratio 0.79% 0.98%

Cash paid, 1 year 5.0% 9.0%

Price change, 1 year +0.1% +0.1%

Total return, 1 year +5.2% +9.5%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −9.6 pts −5.3 pts

Return of capital, latest estimate 46% 100%

Age 2.8 years 2.2 years

Net assets, JANJ as of Nov 4, 2026 and KHPI as of Jun 30, 2026 $14m $401m

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: JANJ vs KHPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JANJ	KHPI	JANJ	KHPI	JANJ	KHPI
3 months	+1.1%	+0.8%	1.2%	2.2%	+1.3 pts	+0.9 pts
6 months	+2.6%	+4.6%	2.5%	4.5%	−2.4 pts	−0.5 pts
1 year	+5.2%	+9.5%	5.0%	9.0%	−9.5 pts	−5.3 pts
Since launchNot the same days: JANJ Jan 2024 · KHPI Sep 2024	+16.7%	+26.2%	14.5%	19.9%	−50.9 pts	−17.0 pts

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Alert

About each fund

JANJ

Over the year to Nov 4, 2026, JANJ paid 5.0% of its starting value in cash distributions while its price rose 0.1%. With every distribution reinvested, the fund returned +5.2%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 9.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.0%, paid quarterly. Innovator estimates that 46% 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.

KHPI

Over the year to Nov 4, 2026, KHPI paid 9.0% of its starting value in cash distributions while its price rose 0.1%. With every distribution reinvested, the fund returned +9.5%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 5.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.1%, paid monthly. Kensington estimates that 100% of the distribution paid Nov 2, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, JANJ or KHPI?: Over the year to Nov 4, 2026, JANJ paid 5.0% of its starting price in cash and KHPI paid 9.0%, so KHPI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, JANJ or KHPI?: With every distribution reinvested, JANJ returned +5.2% and KHPI +9.5% over the year to Nov 4, 2026.
Which is cheaper, JANJ or KHPI?: JANJ charges 0.79% a year and KHPI charges 0.98%, so JANJ is cheaper. Fees come from each fund's prospectus.

Other comparisons

JANJ vs PBP JANJ vs XDTE JANJ vs ROCY JANJ vs SEPI KHPI vs OCTJ KHPI vs OCTH KHPI vs SPUT KHPI vs JULH

Where to next

S&P 500 (SPY) →JANJ on its own →KHPI on its own →JANJ dividend history →KHPI dividend history →KHPI holdings →Method →Standards and sources →

Sources and dates

JANJ filings on SEC EDGAR ↗

JANJ prospectus with the expense ratio (SEC) ↗

JANJ 19a-1 distribution notice ↗

Innovator page for JANJ ↗

KHPI filings on SEC EDGAR ↗

KHPI prospectus with the expense ratio (SEC) ↗

KHPI 19a-1 distribution notice ↗

Kensington 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, JANJ against KHPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/janj-vs-khpi

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