Which is cheaper, MPDY or OCTJ?

MPDY charges 0.70% a year and OCTJ charges 0.79%, so MPDY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 12, 2026.

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MPDY vs OCTJ: Dividend Yield & Total Return

Return, fees and overlap, side by side.

Return gap

+11.0 pts

3 months to Nov 12, 2026: OCTJ ahead, total return

Fee gap

0.09 pts

A year: MPDY 0.70%, OCTJ 0.79%, per filings dated Aug 7, 2026 and Oct 1, 2026

Overlap

–

No book read for both funds

Net flow

–

Needs daily flows for both funds

Pair scorecard

MPDY costs 0.09 points a year less.

Points (pts) are percentage points.

MPDY vs OCTJ: Dividend Yield & Total Return
Measure	MPDY	OCTJ
Paid and earned
Measure	MPDY	OCTJ
Total return, 1 year	not published	+5.2%
Price change	fell 11.2% (since Aug 12, 2026)	fell 0.2% (1 year)
Return of capital, issuer estimate		36% of the Oct 2, 2026 payment
Against its benchmark
Measure	MPDY	OCTJ
Benchmark	not published	S&P 500, measured through SPY
Cost and size
Measure	MPDY	OCTJ
Expense ratio	0.70%	0.79%
Net assets	not read by ETFIQ	$15m
Holdings
Measure	MPDY	OCTJ
Holdings in common	not published

Method

Key numbers

2.3%

MPDY cash paid, since launch, Aug 12, 2026

5.3%

OCTJ cash paid, 1 year

−9.1%

MPDY total return, since launch, Aug 12, 2026

+5.2%

OCTJ total return, 1 year

MPDY · since launch to Nov 12, 2026 Not measured

MPDY

−9.1%

none

Not measured

MPDY since launch: paid 2.3%, price −11.2%, total −9.1%, not measured against a benchmark. Data to Nov 12, 2026.

MPDY

−9.1%

Total return, distributions reinvested

Not measured

MPDY since launch: paid 2.3%, price −11.2%, total −9.1%, not measured against a benchmark. Data to Nov 12, 2026.

MPDY

−9.1%

2.3% of it arrived as cash. Total return, distributions reinvested. MPDY since launch: paid 2.3%, price −11.2%, total −9.1%, not measured against a benchmark. Data to Nov 12, 2026.

Data to Nov 12, 2026.

OCTJ · 1 year to Nov 12, 2026 6.8 pts behind SPY

OCTJ

+5.2%

SPY

+12.0%

6.8 pts behind SPY

OCTJ over 1 year: paid 5.3%, price −0.2%, total +5.2%, SPY +12.0%, −6.8 pts. Data to Nov 12, 2026.

SPY

+12.0%

OCTJ

+5.2%

5.3% as cash

6.8 pts behind SPY

Total return, distributions reinvested

6.8 pts behind SPY

OCTJ over 1 year: paid 5.3%, price −0.2%, total +5.2%, SPY +12.0%, −6.8 pts. Data to Nov 12, 2026.

SPY

+12.0%

OCTJ

+5.2%

6.8 pts behind SPY

5.3% of it arrived as cash. Both charts share one scale, with zero at the line. OCTJ over 1 year: paid 5.3%, price −0.2%, total +5.2%, SPY +12.0%, −6.8 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

Side by side

MPDY m+ DualYield Autocall ETF · Autocallable OCTJ Innovator Premium Income 30 Barrier ETF - October · Defined income on SPY, paying quarterly

Issuer m+ Innovator

Strategy autocallable defined income

Benchmark not set S&P 500 (SPY)

Pays not established quarterly

Payout rate, annualized 13.3% 5.3%

Expense ratio 0.70% 0.79%

Cash paid, 1 year 2.3% (since launch, Aug 12, 2026) 5.3%

Price change, 1 year −11.2% (since launch, Aug 12, 2026) −0.2%

Total return, 1 year −9.1% (since launch, Aug 12, 2026) +5.2%

Benchmark return, 1 year not published +12.0%

Ahead or behind not available −6.8 pts

Return of capital, latest estimate not published 36%

Age 92 days 3.1 years

Net assets not read by ETFIQ $15m

As of Nov 12, 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: MPDY vs OCTJ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	MPDY	OCTJ	MPDY	OCTJ	MPDY	OCTJ
3 months	−10.3%	+0.7%	2.3%	1.3%	not measured	+3.1 pts
6 months	–	+1.8%	–	2.6%	–	+0.1 pts
1 year	–	+5.2%	–	5.3%	–	−6.8 pts
3 years	–	+17.5%	–	17.0%	–	−60.8 pts
Since launchNot the same days: MPDY Aug 2026 · OCTJ Oct 2023	−9.1%	+19.3%	2.3%	17.2%	not measured	−64.4 pts

– means no data for this window. Open this comparison in the app →

Alert

About each fund

MPDY

Over the period from its first trade on Aug 12, 2026 to Nov 12, 2026, MPDY paid 2.3% of its starting value in cash distributions while its price fell 11.2%. With every distribution reinvested, the fund returned −9.1%. At its price on Nov 12, 2026 the latest distribution annualizes to 13.3%, paid periodically.

OCTJ

Over the year to Nov 12, 2026, OCTJ paid 5.3% of its starting value in cash distributions while its price fell 0.2%. With every distribution reinvested, the fund returned +5.2%. S&P 500 (SPY) returned +12.0% over the same days, so a holder was behind by 6.8 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 5.3%, paid quarterly. Innovator estimates that 36% 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.

Questions people ask

Which is cheaper, MPDY or OCTJ?: MPDY charges 0.70% a year and OCTJ charges 0.79%, so MPDY is cheaper. Fees come from each fund's prospectus.

Other comparisons

MPDY vs OCTH MPDY vs JULH MPDY vs JANH MPDY vs APRH OCTJ vs RECI OCTJ vs TMGN OCTJ vs VOOY OCTJ vs MPIM

Where to next

S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →MPDY on its own →OCTJ on its own →MPDY dividend history →OCTJ dividend history →Method →Standards and sources →

Sources and dates

MPDY filings on SEC EDGAR ↗

MPDY prospectus with the expense ratio (SEC) ↗

OCTJ filings on SEC EDGAR ↗

OCTJ prospectus with the expense ratio (SEC) ↗

OCTJ 19a-1 distribution notice ↗

Innovator page for OCTJ ↗

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, MPDY against OCTJ, data as of Nov 12, 2026. https://etfiq.com/compare/income/mpdy-vs-octj

Open data →

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

MPDY and OCTJ both write options for income.

MPDY on its own →OCTJ on its own →

Growth of 100

MPDY and OCTJ

Total return, distributions reinvested, 3 months.

MPDY −10.3%OCTJ +0.7%

Aug 13, 2026Nov 12, 2026

MPDY −10.3%, OCTJ +0.7%: OCTJ +11.0 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.