Which paid more, JANJ or OEI?

Over the year to Nov 4, 2026, JANJ paid 5.0% of its starting price in cash and OEI paid 9.2%, so OEI 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 OEI?

With every distribution reinvested, JANJ returned +5.2% and OEI +12.9% over the year to Nov 4, 2026.

Which is cheaper, JANJ or OEI?

JANJ charges 0.79% a year and OEI charges 1.02%, so JANJ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JANJ vs OEI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, OEI paid 9.2% 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 $46m on Jul 31, 2026 for Optimized Equity Income ETF.

JANJ on its own →OEI on its own →

At a glance

5.0%

JANJ cash paid, 1 year

9.2%

OEI cash paid, 1 year

+5.2%

JANJ total return, 1 year

+12.9%

OEI 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.

OEI · 1 year to Nov 4, 2026 1.9 pts behind SPY

OEI

+12.9%

SPY

+14.8%

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% of it arrived as cash

1.9 pts behind SPY

Total return, distributions reinvested

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% cash

1.9 pts behind SPY

9.2% of it arrived as cash. Both charts share one scale, 0 to +14.8%. OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

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

Pair scorecard

JANJ costs 0.23 points a year less; their one-year returns differ by 7.7 points.

Points (pts) are percentage points.

JANJ vs OEI: Dividend Yield & Total Return
Measure	JANJ	OEI
Paid and earned
Measure	JANJ	OEI
Total return, 1 year	+5.2%	+12.9%
Price change, 1 year	rose 0.1%	rose 3.0%
Return of capital, issuer estimate	46% of the Oct 2, 2026 payment
Against its benchmark
Measure	JANJ	OEI
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	JANJ	OEI
Expense ratio	0.79%	1.02%
Net assets, JANJ as of Nov 4, 2026 and OEI as of Jul 31, 2026	$14m	$46m
Holdings
Measure	JANJ	OEI
Holdings in common	0%

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

IQ Income Score59.6JANJ75.7OEI

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

OEI 75.7

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first JANJ OEI

Only in one fund ↓

Only in JANJ

Only in OEI

NVIDIA Corp 8.22%

Microsoft Corp 5.93%

Amazon.com Inc 4.51%

Apple Inc 4.23%

Alphabet Inc 3.44%

Broadcom Inc 3.01%

Alphabet Inc 2.76%

Micron Technology Inc 2.54%

Check overlap with more funds →

Side by side

JANJ Innovator Premium Income 30 Barrier ETF - January · Defined income on SPY, paying quarterly OEI Optimized Equity Income ETF · Option income on SPY, paying monthly

Issuer Innovator Core Alternative

Strategy defined income option income

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

Pays quarterly monthly

Payout rate, annualized 5.0% 9.6%

Expense ratio 0.79% 1.02%

Cash paid, 1 year 5.0% 9.2%

Price change, 1 year +0.1% +3.0%

Total return, 1 year +5.2% +12.9%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −9.6 pts −1.9 pts

Return of capital, latest estimate 46% not published

Age 2.8 years 1.0 years

Net assets, JANJ as of Nov 4, 2026 and OEI as of Jul 31, 2026 $14m $46m

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 OEI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JANJ	OEI	JANJ	OEI	JANJ	OEI
3 months	+1.1%	+3.3%	1.2%	2.4%	+1.3 pts	+3.4 pts
6 months	+2.6%	+6.3%	2.5%	4.7%	−2.4 pts	+1.3 pts
1 year	+5.2%	+12.9%	5.0%	9.2%	−9.5 pts	−1.9 pts
Since launchNot the same days: JANJ Jan 2024 · OEI Oct 2025	+16.7%	+15.0%	14.5%	9.4%	−50.9 pts	−1.1 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.

OEI

Over the year to Nov 4, 2026, OEI paid 9.2% of its starting value in cash distributions while its price rose 3.0%. With every distribution reinvested, the fund returned +12.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 1.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.6%, paid monthly.

Questions people ask

Which paid more, JANJ or OEI?: Over the year to Nov 4, 2026, JANJ paid 5.0% of its starting price in cash and OEI paid 9.2%, so OEI 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 OEI?: With every distribution reinvested, JANJ returned +5.2% and OEI +12.9% over the year to Nov 4, 2026.
Which is cheaper, JANJ or OEI?: JANJ charges 0.79% a year and OEI charges 1.02%, so JANJ is cheaper. Fees come from each fund's prospectus.

Other comparisons

JANJ vs XRMI JANJ vs WDTE JANJ vs XYLG JANJ vs JOYT OEI vs SPUT OEI vs JULH OEI vs SCLZ OEI vs QUSA

Where to next

S&P 500 (SPY) →JANJ on its own →OEI on its own →JANJ dividend history →OEI dividend history →OEI 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 ↗

OEI filings on SEC EDGAR ↗

OEI prospectus with the expense ratio (SEC) ↗

Core Alternative 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.

Cite this pageCitation, APA and Markdown

ETFIQ, JANJ against OEI, data as of Nov 4, 2026. https://etfiq.com/compare/income/janj-vs-oei

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.