Data as of Nov 4, 2026.
JULH vs TPAY: Dividend Yield & Total Return
JULH and TPAY both write options for income.
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Net assets on Nov 4, 2026: $18m for Innovator Premium Income 20 Barrier ETF - July and $2.1m for Roundhill S&P 500 Target 10 Managed Distribution ETF.
9.9 pts behind SPY
JULH over 1 year: paid 4.8%, price 0.0%, total +4.9%, SPY +14.8%, −9.9 pts. Data to Nov 4, 2026.
SPY
+14.8%
JULH
+4.9%
4.8% of it arrived as cash
9.9 pts behind SPY
Total return, distributions reinvested
9.9 pts behind SPY
JULH over 1 year: paid 4.8%, price 0.0%, total +4.9%, SPY +14.8%, −9.9 pts. Data to Nov 4, 2026.
SPY
+14.8%
JULH
+4.9%
9.9 pts behind SPY
4.8% of it arrived as cash. Total return, distributions reinvested. JULH over 1 year: paid 4.8%, price 0.0%, total +4.9%, SPY +14.8%, −9.9 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.1 pt behind VOO
TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.
VOO
+12.6%
TPAY
+11.6%
6.6% of it arrived as cash
1 pt behind VOO
Total return, distributions reinvested
1 pt behind VOO
TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.
VOO
+12.6%
TPAY
+11.6%
1 pt behind VOO
6.6% of it arrived as cash. Both charts share one scale, 0 to +14.8%. TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.Pair scorecard
TPAY costs 0.30 points a year less; JULH is 8.6 times larger.
Points (pts) are percentage points.
| Measure | JULH | TPAY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +4.9% | not published |
| Price change | fell 0.0% (1 year) | rose 4.6% (since Feb 18, 2026) |
| Return of capital, issuer estimate | 51% of the Oct 2, 2026 payment | 100% of the Oct 15, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | Vanguard S&P 500 ETF, measured through VOO |
| Against its benchmark, same days | behind by 9.9 pts | behind by 1.0 pts |
| Cost and size | ||
| Expense ratio | 0.79% | 0.49% |
| Net assets | $18m | $2.1m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, JULH and TPAY hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | JULH | TPAY | JULH | TPAY | JULH | TPAY |
| 3 months | +1.4% | −0.8% | 1.6% | 2.3% | +1.5 pts | −0.7 pts |
| 6 months | +3.2% | +4.2% | 2.7% | 4.7% | −1.8 pts | −0.8 pts |
| 1 year | +4.9% | – | 4.8% | – | −9.9 pts | – |
| 3 years | +20.9% | – | 18.4% | – | −62.0 pts | – |
| Since launchNot the same days: JULH Jul 2023 · TPAY Feb 2026 | +23.7% | +11.6% | 20.3% | 6.6% | −56.1 pts | −1.1 pts |
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JULH
Over the year to Nov 4, 2026, JULH paid 4.8% of its starting value in cash distributions while its price fell 0.0%. With every distribution reinvested, the fund returned +4.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 9.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.5%, paid quarterly. Innovator estimates that 51% 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.
TPAY
Over the period from its first trade on Feb 18, 2026 to Nov 4, 2026, TPAY paid 6.6% of its starting value in cash distributions while its price rose 4.6%. With every distribution reinvested, the fund returned +11.6%. Vanguard S&P 500 ETF (VOO) returned +12.6% over the same days, so a holder was behind by 1.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.5%, paid monthly. Roundhill estimates that 100% of the distribution paid Oct 15, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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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.
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ETFIQ, JULH against TPAY, data as of Nov 4, 2026. https://etfiq.com/compare/income/julh-vs-tpay
ETFIQ. (Nov 4, 2026). JULH against TPAY. Retrieved from https://etfiq.com/compare/income/julh-vs-tpay
[JULH against TPAY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/julh-vs-tpay)
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