JANJ vs TLA: which paid, and which earned it?

JANJ and TLA both write options for income. Innovator Premium Income 30 Barrier ETF - January and GraniteShares Autocallable TSLA ETF.

5.0%
JANJ cash paid, 1 year
11.1%
TLA cash paid, since launch
+5.2%
JANJ total return, 1 year
+10.4%
TLA total return, since launch
JANJ · 1 year to Sep 30, 202610.5 pts behind SPY
JANJ
+5.2%
SPY
+15.7%

10.5 pts behind SPY

JANJ over 1 year: paid 5.0%, price 0.0%, total +5.2%, SPY +15.7%, −10.5 pts.

SPY

+15.7%

JANJ

+5.2%

5.0% as cash

10.5 pts behind SPY

Total return, distributions reinvested

10.5 pts behind SPY

JANJ over 1 year: paid 5.0%, price 0.0%, total +5.2%, SPY +15.7%, −10.5 pts.

SPY

+15.7%

JANJ

+5.2%

10.5 pts behind SPY

5.0% of it arrived as cash. Total return, distributions reinvested. JANJ over 1 year: paid 5.0%, price 0.0%, total +5.2%, SPY +15.7%, −10.5 pts.

TLA · since launch to Sep 30, 202626.3 pts ahead of TSLA
TLA
+10.4%
TSLA
−15.9%

26.3 pts ahead of TSLA

TLA since launch: paid 11.1%, price −1.4%, total +10.4%, TSLA −15.9%, +26.3 pts.

TSLA

−15.9%

TLA

+10.4%

11.1% of it arrived as cash

26.3 pts ahead of TSLA

Total return, distributions reinvested

26.3 pts ahead of TSLA

TLA since launch: paid 11.1%, price −1.4%, total +10.4%, TSLA −15.9%, +26.3 pts.

TSLA

−15.9%

TLA

+10.4%

26.3 pts ahead of TSLA

11.1% of it arrived as cash. Both charts share one scale, 0 to +15.7%. TLA since launch: paid 11.1%, price −1.4%, total +10.4%, TSLA −15.9%, +26.3 pts.

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowJANJTLAJANJTLAJANJTLA
3 months+1.5%+3.3%1.3%3.1%−1.1 pts+19.9 pts
6 months+4.3%+11.2%2.5%8.2%−12.7 pts+18.1 pts
1 year+5.2%not published5.0%not published−10.5 ptsnot published
Since launch
JANJ Jan 2024 · TLA Feb 2026
+16.2%+10.4%14.5%11.1%−50.5 pts+26.3 pts

JANJ and TLA over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

JANJ
Innovator Premium Income 30 Barrier ETF - January · Defined income on SPY, paying quarterly
TLA
GraniteShares Autocallable TSLA ETF · Autocallable on TSLA, paying monthly
Issuer Innovator GraniteShares
Strategy defined income autocallable
Benchmark S&P 500 (SPY) Tesla (TSLA)
Pays quarterly monthly
Payout rate, annualized 5.0% 18.4%
Expense ratio 0.79% 1.07%
Cash paid, 1 year 5.0% 11.1% (since launch on Feb 3, 2026)
Price change, 1 year 0.0% −1.4%
Total return, 1 year +5.2% +10.4% (since launch on Feb 3, 2026)
Benchmark return, 1 year +15.7% −15.9%
Ahead or behind −10.5 pts +26.3 pts
Return of capital, latest estimate not published 4%
Age 1002 days 239 days
Net assets $14m $5m

JANJ and TLA on the same fields, as of Sep 30, 2026. Source: ETFIQ.

JANJ in plain words

Over the year to Sep 30, 2026, JANJ paid 5.0% of its starting value in cash distributions while its price rose 0.0%. With every distribution reinvested, the fund returned +5.2%. S&P 500 (SPY) returned +15.7% over the same days, so a holder was behind by 10.5 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 5.0%, paid quarterly.

TLA in plain words

Over the period since launch on Feb 3, 2026 to Sep 30, 2026, TLA paid 11.1% of its starting value in cash distributions while its price fell 1.4%. With every distribution reinvested, the fund returned +10.4%. Tesla (TSLA) returned −15.9% over the same days, so a holder was ahead by 26.3 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 18.4%, paid monthly. GraniteShares estimates that 4% of the distribution paid Jun 5, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

Questions people ask

Which is cheaper, JANJ or TLA?
JANJ charges 0.79% a year and TLA charges 1.07%, so JANJ is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, JANJ against TLA, data as of Sep 30, 2026. https://etfiq.com/compare/income/janj-vs-tla

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.