Which is cheaper, JUDO or SEPI?

JUDO charges 0.55% a year and SEPI charges 0.54%, so SEPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JUDO vs SEPI: Dividend Yield & Total Return

JUDO and SEPI both write options for income.

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Net assets: $7.0m on Jul 31, 2026 for Janus Henderson U.S. Equity Enhanced Income ETF, and $152m on Jun 30, 2026 for Shelton Equity Premium Income ETF.

JUDO on its own →SEPI on its own →

At a glance

3.8%

JUDO cash paid, since launch, Mar 25, 2026

8.9%

SEPI cash paid, 1 year

+16.1%

JUDO total return, since launch, Mar 25, 2026

+17.9%

SEPI 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.

SEPI · 1 year to Nov 4, 2026 3.1 pts ahead of SPY

SEPI

+17.9%

SPY

+14.8%

3.1 pts ahead of SPY

SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SEPI

+17.9%

8.9% of it arrived as cash

3.1 pts ahead of SPY

Total return, distributions reinvested

3.1 pts ahead of SPY

SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SEPI

+17.9%

8.9% cash

3.1 pts ahead of SPY

8.9% of it arrived as cash. Both charts share one scale, 0 to +17.9%. SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +17.9%. Data to Nov 4, 2026.

Pair scorecard

SEPI costs 0.01 points a year less.

Points (pts) are percentage points.

JUDO vs SEPI: Dividend Yield & Total Return
Measure	JUDO	SEPI
Paid and earned
Measure	JUDO	SEPI
Total return, 1 year	not published	+17.9%
Price change	rose 2.7% (6 months)	rose 8.3% (1 year)
Against its benchmark
Measure	JUDO	SEPI
Benchmark	its own stocks	S&P 500, measured through SPY
Against its benchmark, same days	ahead by 0.6 pts	ahead by 3.1 pts
Cost and size
Measure	JUDO	SEPI
Expense ratio	0.55%	0.54%
Net assets, JUDO as of Jul 31, 2026 and SEPI as of Jun 30, 2026	$7.0m	$152m
Holdings
Measure	JUDO	SEPI
Holdings in common	37%

Method

What they share

37%

By the books each fund has filed, JUDO and SEPI hold 37% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

37% in common

Positions both hold · largest shared weight first JUDO SEPI

Alphabet, Inc. 6.79% 4.86%

Apple, Inc. 4.38% 5.45%

NVIDIA Corp. 7.84% 4.20%

Microsoft Corp. 6.64% 3.55%

Amazon.com, Inc. 5.17% 3.50%

Broadcom, Inc. 3.56% 3.20%

Micron Technology, Inc. 1.99% 6.79%

JPMorgan Chase & Co. 2.31% 1.84%

American Express Co. 1.49% 1.56%

Goldman Sachs Group, Inc. (The) 1.49% 4.07%

Johnson & Johnson 1.41% 3.44%

Verizon Communications, Inc. 1.38% 0.84%

Only in one fund ↓

Only in JUDO

Eli Lilly & Co. 2.07%

Mastercard, Inc. 1.72%

Visa, Inc. 1.70%

General Electric Co. 1.69%

Applied Materials, Inc. 1.56%

Target Corp. 1.51%

Home Depot, Inc. (The) 1.49%

GE Vernova, Inc. 1.44%

Only in SEPI

ADVANCED MICRO DEVICES INC 7.84%

CATERPILLAR INC 7.49%

EXXON MOBIL CORP 3.21%

MERCK & COMPANY INC 2.78%

EBAY INC 2.57%

GENERAL MOTORS COMPANY 2.03%

CARDINAL HEALTH INC 1.98%

BERKSHIRE HATHAWAY INC 1.94%

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 SEPI Shelton Equity Premium Income ETF · Covered call on SPY, paying monthly

Issuer Janus Henderson Shelton

Strategy covered call covered call

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% 8.5%

Expense ratio 0.55% 0.54%

Cash paid, 1 year 3.8% (since launch, Mar 25, 2026) 8.9%

Price change, 1 year +12.2% (since launch, Mar 25, 2026) +8.3%

Total return, 1 year +16.1% (since launch, Mar 25, 2026) +17.9%

Benchmark return, 1 year not published +14.8%

Ahead or behind not available +3.1 pts

Return of capital, latest estimate not published 99%

Age 224 days 1.2 years

Net assets, JUDO as of Jul 31, 2026 and SEPI as of Jun 30, 2026 $7.0m $152m

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 SEPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JUDO	SEPI	JUDO	SEPI	JUDO	SEPI
3 months	−1.2%	−0.1%	1.6%	2.1%	+0.5 pts	0.0 pts
6 months	+5.8%	+6.8%	3.1%	4.4%	+0.6 pts	+1.8 pts
1 year	–	+17.9%	–	8.9%	–	+3.1 pts
Since launchNot the same days: JUDO Mar 2026 · SEPI Sep 2025	+16.1%	+23.5%	3.8%	10.0%	not measured	+3.7 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.

SEPI

Over the year to Nov 4, 2026, SEPI paid 8.9% of its starting value in cash distributions while its price rose 8.3%. With every distribution reinvested, the fund returned +17.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 3.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.5%, paid monthly. Shelton estimates that 99% of the distribution paid Sep 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, JUDO or SEPI?: JUDO charges 0.55% a year and SEPI charges 0.54%, so SEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

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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 →SEPI on its own →JUDO dividend history →JUDO holdings →SEPI dividend history →SEPI holdings →Method →Standards and sources →

Sources and dates

JUDO filings on SEC EDGAR ↗

JUDO prospectus with the expense ratio (SEC) ↗

Janus Henderson website ↗

SEPI filings on SEC EDGAR ↗

SEPI prospectus with the expense ratio (SEC) ↗

SEPI 19a-1 distribution notice ↗

Shelton 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 SEPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/judo-vs-sepi

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