Which is cheaper, JUDO or OEI?

JUDO charges 0.55% a year and OEI charges 1.02%, so JUDO is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JUDO vs OEI: Dividend Yield & Total Return

JUDO and OEI both write options for income.

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Net assets on Jul 31, 2026: $7.0m for Janus Henderson U.S. Equity Enhanced Income ETF and $46m for Optimized Equity Income ETF.

JUDO on its own →OEI on its own →

At a glance

3.8%

JUDO cash paid, since launch, Mar 25, 2026

9.2%

OEI cash paid, 1 year

+16.1%

JUDO total return, since launch, Mar 25, 2026

+12.9%

OEI total return, 1 year

JUDO · since launch to Nov 4, 2026 Not measured

JUDO

+16.1%

none

Not measured

JUDO since launch: paid 3.8%, price +12.2%, total +16.1%, not measured against a benchmark. Data to Nov 4, 2026.

JUDO

+16.1%

3.8% as cash

Total return, distributions reinvested

Not measured

JUDO since launch: paid 3.8%, price +12.2%, total +16.1%, not measured against a benchmark. Data to Nov 4, 2026.

JUDO

+16.1%

3.8% of it arrived as cash. Total return, distributions reinvested. JUDO since launch: paid 3.8%, price +12.2%, total +16.1%, not measured against a benchmark. 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 +16.1%. 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 +16.1%. Data to Nov 4, 2026.

Pair scorecard

JUDO costs 0.47 points a year less; OEI is 6.6 times larger.

Points (pts) are percentage points.

JUDO vs OEI: Dividend Yield & Total Return
Measure	JUDO	OEI
Paid and earned
Measure	JUDO	OEI
Total return, 1 year	not published	+12.9%
Price change	rose 2.7% (6 months)	rose 3.0% (1 year)
Against its benchmark
Measure	JUDO	OEI
Benchmark	its own stocks	S&P 500, measured through SPY
Against its benchmark, same days	ahead by 0.6 pts	behind by 1.9 pts
Cost and size
Measure	JUDO	OEI
Expense ratio	0.55%	1.02%
Net assets, as of Jul 31, 2026	$7.0m	$46m
Holdings
Measure	JUDO	OEI
Holdings in common	60%

Method

What they share

60%

By the books each fund has filed, JUDO and OEI hold 60% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

60% in common

Positions both hold · largest shared weight first JUDO OEI

NVIDIA Corp. 7.84% 8.22%

Microsoft Corp. 6.64% 5.93%

Amazon.com, Inc. 5.17% 4.51%

Apple, Inc. 4.38% 4.23%

Broadcom, Inc. 3.56% 3.01%

Alphabet, Inc. 6.79% 2.76%

Micron Technology, Inc. 1.99% 2.54%

Eli Lilly & Co. 2.07% 1.78%

JPMorgan Chase & Co. 2.31% 1.63%

Mastercard, Inc. 1.72% 1.55%

Johnson & Johnson 1.41% 2.08%

Cisco Systems, Inc. 1.39% 1.52%

Only in one fund ↓

Only in JUDO

Target Corp. 1.51%

Seagate Technology Holdings plc 1.24%

Dell Technologies, Inc. 1.12%

Stryker Corp. 1.05%

EOG Resources, Inc. 1.04%

Cummins, Inc. 1.03%

Motorola Solutions, Inc. 1.00%

Royal Caribbean Cruises Ltd. 0.98%

Only in OEI

Alphabet Inc 3.44%

ExxonMobil Holdings Corp 2.04%

Berkshire Hathaway Inc 1.58%

Advanced Micro Devices Inc 1.54%

Tesla Inc 1.44%

Bank of America Corp 1.36%

Intel Corp 1.32%

Walmart Inc 1.12%

Check overlap with more funds →

Side by side

JUDO Janus Henderson U.S. Equity Enhanced Income ETF · Covered call on its own stocks, paying monthly OEI Optimized Equity Income ETF · Option income on SPY, paying monthly

Issuer Janus Henderson Core Alternative

Strategy covered call option income

Benchmark JUDO's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 6.4% 9.6%

Expense ratio 0.55% 1.02%

Cash paid, 1 year 3.8% (since launch, Mar 25, 2026) 9.2%

Price change, 1 year +12.2% (since launch, Mar 25, 2026) +3.0%

Total return, 1 year +16.1% (since launch, Mar 25, 2026) +12.9%

Benchmark return, 1 year not published +14.8%

Ahead or behind not available −1.9 pts

Return of capital, latest estimate not published not published

Age 224 days 1.0 years

Net assets, as of Jul 31, 2026 $7.0m $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: JUDO vs OEI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JUDO	OEI	JUDO	OEI	JUDO	OEI
3 months	−1.2%	+3.3%	1.6%	2.4%	+0.5 pts	+3.4 pts
6 months	+5.8%	+6.3%	3.1%	4.7%	+0.6 pts	+1.3 pts
1 year	–	+12.9%	–	9.2%	–	−1.9 pts
Since launchNot the same days: JUDO Mar 2026 · OEI Oct 2025	+16.1%	+15.0%	3.8%	9.4%	not measured	−1.1 pts

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Alert

About each fund

JUDO

JUDO's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) returned +5.2% over the same days, so a holder was ahead by 0.6 pts.

Over the 6 months to Nov 4, 2026, JUDO paid 3.1% of its starting value in cash distributions while its price rose 2.7%. With every distribution reinvested, the fund returned +5.8%. At its price on Nov 4, 2026 the latest distribution annualizes to 6.4%, paid monthly.

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 is cheaper, JUDO or OEI?: JUDO charges 0.55% a year and OEI charges 1.02%, so JUDO is cheaper. Fees come from each fund's prospectus.

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Where to next

S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →JUDO on its own →OEI on its own →JUDO dividend history →JUDO holdings →OEI dividend history →OEI holdings →Method →Standards and sources →

Sources and dates

JUDO filings on SEC EDGAR ↗

JUDO prospectus with the expense ratio (SEC) ↗

Janus Henderson website ↗

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

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

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