Which paid more, JANJ or QDTE?

Over the year to Nov 4, 2026, JANJ paid 5.0% of its starting price in cash and QDTE paid 34.7%, so QDTE 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 QDTE?

With every distribution reinvested, JANJ returned +5.2% and QDTE +13.7% over the year to Nov 4, 2026.

Which is cheaper, JANJ or QDTE?

JANJ charges 0.79% a year and QDTE charges 0.96%, so JANJ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JANJ vs QDTE: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, QDTE paid 34.7% of its price in cash against JANJ’s 5.0%, and returned more with it reinvested.

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Net assets on Nov 4, 2026: $14m for Innovator Premium Income 30 Barrier ETF - January and $881m for Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF.

JANJ on its own →QDTE on its own →

At a glance

5.0%

JANJ cash paid, 1 year

34.7%

QDTE cash paid, 1 year

+5.2%

JANJ total return, 1 year

+13.7%

QDTE 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.

QDTE · 1 year to Nov 4, 2026 1.4 pts ahead of QQQ

QDTE

+13.7%

QQQ

+12.3%

1.4 pts ahead of QQQ

QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QDTE

+13.7%

34.7% of it arrived as cash

1.4 pts ahead of QQQ

Total return, distributions reinvested

1.4 pts ahead of QQQ

QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QDTE

+13.7%

34.7% as cash

1.4 pts ahead of QQQ

34.7% of it arrived as cash. Both charts share one scale, with zero at the line. QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

JANJ costs 0.17 points a year less; their one-year returns differ by 8.5 points; QDTE is far larger, $881m against $14m.

Points (pts) are percentage points.

JANJ vs QDTE: Dividend Yield & Total Return
Measure	JANJ	QDTE
Paid and earned
Measure	JANJ	QDTE
Total return, 1 year	+5.2%	+13.7%
Price change, 1 year	rose 0.1%	fell 23.4%
Return of capital, issuer estimate	46% of the Oct 2, 2026 payment	100% of the Oct 30, 2026 payment
Against its benchmark
Measure	JANJ	QDTE
Benchmark	S&P 500, measured through SPY	Nasdaq-100, measured through QQQ
Cost and size
Measure	JANJ	QDTE
Expense ratio	0.79%	0.96%
Net assets	$14m	$881m
Holdings
Measure	JANJ	QDTE
Holdings in common	0%

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

IQ Income Score59.6JANJ32.6QDTE

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

QDTE 32.6

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 QDTE hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first JANJ QDTE

Only in one fund ↓

Only in JANJ

Only in QDTE

QQQ 11/19/2027 70.11 C 73.55%

QQQ 09/17/2027 70.69 C 17.69%

Check overlap with more funds →

Side by side

JANJ Innovator Premium Income 30 Barrier ETF - January · Defined income on SPY, paying quarterly QDTE Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF · 0DTE covered call on QQQ, paying weekly

Issuer Innovator Roundhill

Strategy defined income 0DTE covered call

Benchmark S&P 500 (SPY) Nasdaq-100 (QQQ)

Pays quarterly weekly

Payout rate, annualized 5.0% 27.9%

Expense ratio 0.79% 0.96%

Cash paid, 1 year 5.0% 34.7%

Price change, 1 year +0.1% −23.4%

Total return, 1 year +5.2% +13.7%

Benchmark return, 1 year +14.8% +12.3%

Ahead or behind −9.6 pts +1.4 pts

Return of capital, latest estimate 46% 100%

Age 2.8 years 2.7 years

Net assets $14m $881m

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 QDTE: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JANJ	QDTE	JANJ	QDTE	JANJ	QDTE
3 months	+1.1%	−1.6%	1.2%	6.3%	+1.3 pts	+1.8 pts
6 months	+2.6%	+1.6%	2.5%	14.3%	−2.4 pts	+2.0 pts
1 year	+5.2%	+13.7%	5.0%	34.7%	−9.5 pts	+1.5 pts
Since launchNot the same days: JANJ Jan 2024 · QDTE Mar 2024	+16.7%	+55.2%	14.5%	75.6%	−50.9 pts	−2.3 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.

QDTE

Over the year to Nov 4, 2026, QDTE paid 34.7% of its starting value in cash distributions while its price fell 23.4%. With every distribution reinvested, the fund returned +13.7%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 27.9%, paid weekly. Roundhill estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, JANJ or QDTE?: Over the year to Nov 4, 2026, JANJ paid 5.0% of its starting price in cash and QDTE paid 34.7%, so QDTE 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 QDTE?: With every distribution reinvested, JANJ returned +5.2% and QDTE +13.7% over the year to Nov 4, 2026.
Which is cheaper, JANJ or QDTE?: JANJ charges 0.79% a year and QDTE charges 0.96%, so JANJ is cheaper. Fees come from each fund's prospectus.

Other comparisons

JANJ vs ROCQ JANJ vs XQQI JANJ vs TDAQ JANJ vs QYLG QDTE vs OCTJ QDTE vs OCTH QDTE vs SPUT QDTE vs JULH

Where to next

S&P 500 (SPY) →Nasdaq-100 (QQQ) →JANJ on its own →QDTE on its own →JANJ dividend history →QDTE dividend history →QDTE 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 ↗

QDTE filings on SEC EDGAR ↗

QDTE prospectus with the expense ratio (SEC) ↗

QDTE 19a-1 distribution notice ↗

Roundhill page for QDTE ↗

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 QDTE, data as of Nov 4, 2026. https://etfiq.com/compare/income/janj-vs-qdte

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