Which is cheaper, LJUL or PCOV?

LJUL charges 0.79% a year and PCOV charges 0.34%, so PCOV is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

LJUL vs PCOV: Dividend Yield & Total Return

LJUL and PCOV 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 $10m on Nov 2, 2026 for Principal Equity Premium Income ETF.

LJUL on its own →PCOV on its own →

At a glance

5.2%

LJUL cash paid, 1 year

1.9%

PCOV cash paid, since launch, Aug 19, 2026

+5.3%

LJUL total return, 1 year

−0.1%

PCOV total return, since launch, Aug 19, 2026

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% of it arrived 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.

PCOV · since launch to Nov 4, 2026 Not measured

PCOV

−0.1%

none

Not measured

PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

PCOV

−0.1%

Total return, distributions reinvested

Not measured

PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

PCOV

−0.1%

1.9% of it arrived as cash. Both charts share one scale, with zero at the line. PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PCOV costs 0.45 points a year less; PCOV is 1.1 times larger.

Points (pts) are percentage points.

LJUL vs PCOV: Dividend Yield & Total Return
Measure	LJUL	PCOV
Paid and earned
Measure	LJUL	PCOV
Total return, 1 year	+5.3%	not published
Price change	fell 0.0% (1 year)	fell 2.0% (since Aug 19, 2026)
Against its benchmark
Measure	LJUL	PCOV
Benchmark	Vanguard S&P 500 ETF, measured through VOO	not published
Cost and size
Measure	LJUL	PCOV
Expense ratio	0.79%	0.34%
Net assets, as of Nov 3, 2026	$8.9m	$10m
Holdings
Measure	LJUL	PCOV
Holdings in common	not published

Method

Side by side

LJUL Innovator Premium Income 15 Buffer ETF - July · Buffer with income on VOO, paying monthly PCOV Principal Equity Premium Income ETF · Covered call

Issuer Innovator Principal

Strategy buffer with income covered call

Benchmark Vanguard S&P 500 ETF (VOO) none

Pays monthly not established

Payout rate, annualized 5.3% 7.2%

Expense ratio 0.79% 0.34%

Cash paid, 1 year 5.2% 1.9% (since launch, Aug 19, 2026)

Price change, 1 year 0.0% −2.0% (since launch, Aug 19, 2026)

Total return, 1 year +5.3% −0.1% (since launch, Aug 19, 2026)

Benchmark return, 1 year +14.8% not published

Ahead or behind −9.5 pts not available

Return of capital, latest estimate 40% not published

Age 2.3 years 77 days

Net assets, LJUL as of Nov 4, 2026 and PCOV as of Nov 2, 2026 $9.0m $10m

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 PCOV: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	LJUL	PCOV	LJUL	PCOV	LJUL	PCOV
3 months	+1.1%	–	1.3%	–	+1.3 pts	–
6 months	+2.8%	–	2.6%	–	−2.3 pts	–
1 year	+5.3%	–	5.2%	–	−9.5 pts	–
Since launchNot the same days: LJUL Jul 2024 · PCOV Aug 2026	+14.0%	−0.1%	12.6%	1.9%	−30.5 pts	not measured

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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.

PCOV

Over the period from its first trade on Aug 19, 2026 to Nov 4, 2026, PCOV paid 1.9% of its starting value in cash distributions while its price fell 2.0%. With every distribution reinvested, the fund returned −0.1%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.2%, paid periodically.

Questions people ask

Which is cheaper, LJUL or PCOV?: LJUL charges 0.79% a year and PCOV charges 0.34%, so PCOV is cheaper. Fees come from each fund's prospectus.

Other comparisons

LJUL vs XSHP LJUL vs YQQQ LJUL vs XVSP LJUL vs SIOO PCOV vs TPAY PCOV vs SDTY PCOV vs XIJN PCOV vs OVLH

Where to next

Vanguard S&P 500 ETF (VOO) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →LJUL on its own →PCOV on its own →LJUL dividend history →PCOV dividend history →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 ↗

PCOV filings on SEC EDGAR ↗

PCOV prospectus with the expense ratio (SEC) ↗

Principal website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

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

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