Which is cheaper, JUDO or SPUT?

JUDO charges 0.55% a year and SPUT charges 0.79%, so JUDO is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JUDO vs SPUT: Dividend Yield & Total Return

JUDO and SPUT 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 $17m on Nov 4, 2026 for Innovator Equity Premium Income - Daily PutWrite ETF.

JUDO on its own →SPUT on its own →

At a glance

3.8%

JUDO cash paid, since launch, Mar 25, 2026

4.8%

SPUT cash paid, 1 year

+16.1%

JUDO total return, since launch, Mar 25, 2026

+10.7%

SPUT 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.

SPUT · 1 year to Nov 4, 2026 4.1 pts behind SPY

SPUT

+10.7%

SPY

+14.8%

4.1 pts behind SPY

SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPUT

+10.7%

4.8% of it arrived as cash

4.1 pts behind SPY

Total return, distributions reinvested

4.1 pts behind SPY

SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPUT

+10.7%

4.1 pts behind SPY

4.8% of it arrived as cash. Both charts share one scale, 0 to +16.1%. SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +16.1%. Data to Nov 4, 2026.

Pair scorecard

JUDO costs 0.24 points a year less.

Points (pts) are percentage points.

JUDO vs SPUT: Dividend Yield & Total Return
Measure	JUDO	SPUT
Paid and earned
Measure	JUDO	SPUT
Total return, 1 year	not published	+10.7%
Price change	rose 2.7% (6 months)	rose 5.7% (1 year)
Return of capital, issuer estimate		58% of the Nov 2, 2026 payment
Against its benchmark
Measure	JUDO	SPUT
Benchmark	its own stocks	S&P 500, measured through SPY
Against its benchmark, same days	ahead by 0.6 pts	behind by 4.1 pts
Cost and size
Measure	JUDO	SPUT
Expense ratio	0.55%	0.79%
Net assets, JUDO as of Jul 31, 2026 and SPUT as of Nov 4, 2026	$7.0m	$17m
Holdings
Measure	JUDO	SPUT
Holdings in common	27%

Method

What they share

27%

By the books each fund has filed, JUDO and SPUT hold 27% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

27% in common

Positions both hold · largest shared weight first JUDO SPUT

NVIDIA Corp. 7.84% 3.71%

Apple, Inc. 4.38% 3.50%

Microsoft Corp. 6.64% 2.70%

Amazon.com, Inc. 5.17% 2.06%

Broadcom, Inc. 3.56% 1.43%

Alphabet, Inc. 6.79% 1.43%

Meta Platforms, Inc. 0.79% 0.97%

Eli Lilly & Co. 2.07% 0.77%

JPMorgan Chase & Co. 2.31% 0.75%

Micron Technology, Inc. 1.99% 0.74%

Johnson & Johnson 1.41% 0.49%

Visa, Inc. 1.70% 0.49%

Only in one fund ↓

Only in JUDO

Goldman Sachs Group, Inc. (The) 1.49%

Only in SPUT

Alphabet Inc 1.64%

Tesla Inc 0.82%

Advanced Micro Devices Inc 0.61%

Berkshire Hathaway Inc 0.56%

ExxonMobil Holdings Corp 0.51%

Walmart Inc 0.38%

Costco Wholesale Corp 0.33%

Intel Corp 0.32%

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 SPUT Innovator Equity Premium Income - Daily PutWrite ETF · Sells puts on the S&P 500, paying monthly

Issuer Janus Henderson Innovator

Strategy covered call put-selling overlay

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% 3.6%

Expense ratio 0.55% 0.79%

Cash paid, 1 year 3.8% (since launch, Mar 25, 2026) 4.8%

Price change, 1 year +12.2% (since launch, Mar 25, 2026) +5.7%

Total return, 1 year +16.1% (since launch, Mar 25, 2026) +10.7%

Benchmark return, 1 year not published +14.8%

Ahead or behind not available −4.1 pts

Return of capital, latest estimate not published 58%

Age 224 days 1.6 years

Net assets, JUDO as of Jul 31, 2026 and SPUT as of Nov 4, 2026 $7.0m $17m

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 SPUT: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JUDO	SPUT	JUDO	SPUT	JUDO	SPUT
3 months	−1.2%	+0.9%	1.6%	1.0%	+0.5 pts	+1.0 pts
6 months	+5.8%	+3.4%	3.1%	1.9%	+0.6 pts	−1.6 pts
1 year	–	+10.7%	–	4.8%	–	−4.0 pts
Since launchNot the same days: JUDO Mar 2026 · SPUT Mar 2025	+16.1%	+23.3%	3.8%	9.1%	not measured	−15.6 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.

SPUT

Over the year to Nov 4, 2026, SPUT paid 4.8% of its starting value in cash distributions while its price rose 5.7%. With every distribution reinvested, the fund returned +10.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 3.6%, paid monthly. Innovator estimates that 58% of the distribution paid Nov 2, 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 SPUT?: JUDO charges 0.55% a year and SPUT charges 0.79%, so JUDO 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 →SPUT on its own →JUDO dividend history →JUDO holdings →SPUT dividend history →SPUT holdings →Method →Standards and sources →

Sources and dates

JUDO filings on SEC EDGAR ↗

JUDO prospectus with the expense ratio (SEC) ↗

Janus Henderson website ↗

SPUT filings on SEC EDGAR ↗

SPUT prospectus with the expense ratio (SEC) ↗

SPUT 19a-1 distribution notice ↗

Innovator page for SPUT ↗

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 SPUT, data as of Nov 4, 2026. https://etfiq.com/compare/income/judo-vs-sput

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