Which is cheaper, LJUL or NLSI?

LJUL charges 0.79% a year and NLSI charges 2.89%, so LJUL is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

LJUL vs NLSI: Dividend Yield & Total Return

LJUL and NLSI both write options for income.

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Net assets: $9.0m on Nov 4, 2026 for Innovator Premium Income 15 Buffer ETF - July, and $5.3m on Oct 28, 2026 for NEOS Long/Short Equity Income ETF.

LJUL on its own →NLSI on its own →

At a glance

5.2%

LJUL cash paid, 1 year

5.0%

NLSI cash paid, since launch, Dec 10, 2025

+5.3%

LJUL total return, 1 year

+17.7%

NLSI total return, since launch, Dec 10, 2025

LJUL · 1 year to Nov 4, 2026 9.5 pts behind VOO

LJUL

+5.3%

VOO

+14.8%

9.5 pts behind VOO

LJUL over 1 year: paid 5.2%, price 0.0%, total +5.3%, VOO +14.8%, −9.5 pts. Data to Nov 4, 2026.

VOO

+14.8%

LJUL

+5.3%

5.2% as cash

9.5 pts behind VOO

Total return, distributions reinvested

9.5 pts behind VOO

LJUL over 1 year: paid 5.2%, price 0.0%, total +5.3%, VOO +14.8%, −9.5 pts. Data to Nov 4, 2026.

VOO

+14.8%

LJUL

+5.3%

9.5 pts behind VOO

5.2% of it arrived as cash. Total return, distributions reinvested. LJUL over 1 year: paid 5.2%, price 0.0%, total +5.3%, VOO +14.8%, −9.5 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

NLSI · since launch to Nov 4, 2026 5 pts ahead of SPY

NLSI

+17.7%

SPY

+12.7%

5 pts ahead of SPY

NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.

SPY

+12.7%

NLSI

+17.7%

5.0% as cash

5 pts ahead of SPY

Total return, distributions reinvested

5 pts ahead of SPY

NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.

SPY

+12.7%

NLSI

+17.7%

5 pts ahead of SPY

5.0% of it arrived as cash. Both charts share one scale, 0 to +17.7%. NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +17.7%. Data to Nov 4, 2026.

Pair scorecard

LJUL costs 2.10 points a year less; LJUL is 1.7 times larger.

Points (pts) are percentage points.

LJUL vs NLSI: Dividend Yield & Total Return
Measure	LJUL	NLSI
Paid and earned
Measure	LJUL	NLSI
Total return, 1 year	+5.3%	not published
Price change	fell 0.0% (1 year)	rose 12.0% (since Dec 10, 2025)
Return of capital, issuer estimate	40% of the Nov 2, 2026 payment	100% of the Oct 30, 2026 payment
Against its benchmark
Measure	LJUL	NLSI
Benchmark	Vanguard S&P 500 ETF, measured through VOO	S&P 500, measured through SPY
Against its benchmark, same days	behind by 9.5 pts	ahead by 5.0 pts
Cost and size
Measure	LJUL	NLSI
Expense ratio	0.79%	2.89%
Net assets, as of Oct 28, 2026	$9.0m	$5.3m
Holdings
Measure	LJUL	NLSI
Holdings in common	0%

Method

What they share

By the books each fund has filed, LJUL and NLSI hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first LJUL NLSI

Only in one fund ↓

Only in LJUL

Only in NLSI

Micron Technology Inc 12.00%

Marathon Petroleum Corp 5.94%

Valero Energy Corp 5.14%

Chevron Corp 4.51%

Intuit Inc 4.45%

Walt Disney Co 4.42%

Phillips 66 4.39%

Comfort Systems USA Inc 4.30%

Check overlap with more funds →

Side by side

LJUL Innovator Premium Income 15 Buffer ETF - July · Buffer with income on VOO, paying monthly NLSI NEOS Long/Short Equity Income ETF · Option income on SPY, paying monthly

Issuer Innovator NEOS

Strategy buffer with income option income

Benchmark Vanguard S&P 500 ETF (VOO) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 5.3% 5.6%

Expense ratio 0.79% 2.89%

Cash paid, 1 year 5.2% 5.0% (since launch, Dec 10, 2025)

Price change, 1 year 0.0% +12.0% (since launch, Dec 10, 2025)

Total return, 1 year +5.3% +17.7% (since launch, Dec 10, 2025)

Benchmark return, 1 year +14.8% +12.7% (since launch, Dec 10, 2025)

Ahead or behind −9.5 pts +5.0 pts (since launch, Dec 10, 2025)

Return of capital, latest estimate 40% 100%

Age 2.3 years 329 days

Net assets, LJUL as of Nov 4, 2026 and NLSI as of Oct 28, 2026 $9.0m $5.3m

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: LJUL vs NLSI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	LJUL	NLSI	LJUL	NLSI	LJUL	NLSI
3 months	+1.1%	+6.7%	1.3%	1.4%	+1.3 pts	+6.9 pts
6 months	+2.8%	+21.4%	2.6%	3.0%	−2.3 pts	+16.4 pts
1 year	+5.3%	–	5.2%	–	−9.5 pts	–
Since launchNot the same days: LJUL Jul 2024 · NLSI Dec 2025	+14.0%	+17.7%	12.6%	5.0%	−30.5 pts	+4.9 pts

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Alert

About each fund

LJUL

Over the year to Nov 4, 2026, LJUL paid 5.2% of its starting value in cash distributions while its price fell 0.0%. With every distribution reinvested, the fund returned +5.3%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 9.5 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.3%, paid monthly. Innovator estimates that 40% 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.

NLSI

Over the period from its first trade on Dec 10, 2025 to Nov 4, 2026, NLSI paid 5.0% of its starting value in cash distributions while its price rose 12.0%. With every distribution reinvested, the fund returned +17.7%. S&P 500 (SPY) returned +12.7% over the same days, so a holder was ahead by 5.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.6%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, LJUL or NLSI?: LJUL charges 0.79% a year and NLSI charges 2.89%, so LJUL is cheaper. Fees come from each fund's prospectus.

Other comparisons

LJUL vs TPRY LJUL vs OCTJ LJUL vs OCTH LJUL vs SPUT NLSI vs XPAY NLSI vs TSPY NLSI vs OVL NLSI vs LOCT

Where to next

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

Sources and dates

LJUL filings on SEC EDGAR ↗

LJUL prospectus with the expense ratio (SEC) ↗

LJUL 19a-1 distribution notice ↗

Innovator page for LJUL ↗

NLSI filings on SEC EDGAR ↗

NLSI prospectus with the expense ratio (SEC) ↗

NLSI 19a-1 distribution notice ↗

NEOS page for NLSI ↗

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, LJUL against NLSI, data as of Nov 4, 2026. https://etfiq.com/compare/income/ljul-vs-nlsi

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