Data as of .
JANJ vs OEI: which paid, and which earned it?
JANJ and OEI both write options for income.
What they hold in common
By the books each fund has filed, JANJ and OEI hold 0% of their money in the same securities at the same weight.
| Only in JANJ | Only in OEI |
|---|---|
| TREASURY BILL 97.55% | NVIDIA Corp 8.32% |
| TREASURY BILL 1.23% | Microsoft Corp 5.99% |
| TREASURY BILL 1.22% | Amazon.com Inc 4.56% |
| Apple Inc 4.28% | |
| Alphabet Inc 3.48% | |
| Broadcom Inc 3.04% | |
| Alphabet Inc 2.79% | |
| Micron Technology Inc 2.57% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jul 31, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| JANJ | OEI | JANJ | OEI | JANJ | OEI | |
| 3 months | +1.3% | +4.8% | 1.2% | 2.3% | −0.9 pts | +2.5 pts |
| 6 months | +5.0% | +12.5% | 2.5% | 4.9% | −13.0 pts | −5.6 pts |
| 1 year | +5.1% | not published | 5.0% | not published | −11.4 pts | not published |
| Since launch | +15.9% | +14.4% | 13.2% | 8.6% | −50.5 pts | −0.9 pts |
| 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), used as a default proxy |
| Pays | quarterly | monthly |
| Payout rate, annualized | 5.0% | 9.2% |
| Expense ratio | 0.79% | 1.02% |
| Cash paid, 1 year | 5.0% | 8.6% (since launch on Oct 22, 2025) |
| Price change, 1 year | 0.0% | +5.2% |
| Total return, 1 year | +5.1% | +14.4% (since launch on Oct 22, 2025) |
| Benchmark return, 1 year | +16.6% | +15.3% |
| Ahead or behind | −11.4 pts | −0.9 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 990 days | 331 days |
| Net assets | $14m | $46m |
JANJ in plain words
Over the year to Sep 18, 2026, JANJ paid 5.0% of its starting value in cash distributions while its price fell 0.0%. With every distribution reinvested, the fund returned +5.1%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 11.4 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 5.0%, paid quarterly.
OEI in plain words
Over the period since launch on Oct 22, 2025 to Sep 18, 2026, OEI paid 8.6% of its starting value in cash distributions while its price rose 5.2%. With every distribution reinvested, the fund returned +14.4%. S&P 500 (SPY), used as a default proxy returned +15.3% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.2%, paid monthly.
Questions people ask
- 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
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, JANJ against OEI, data as of Sep 18, 2026. https://etfiq.com/compare/income/janj-vs-oei Free to use with attribution; the underlying files are at Open data.