Data as of Nov 12, 2026.

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MPIM vs SPUT: Dividend Yield & Total Return

Return, fees and overlap, side by side.

Return gap
+7.5 pts
3 months to Nov 12, 2026: SPUT ahead, total return
Fee gap
0.09 pts
A year: MPIM 0.70%, SPUT 0.79%, per filings dated Feb 27, 2026 and Aug 7, 2026
Overlap
–
No book read for both funds
Net flow
–
Needs daily flows for both funds

Pair scorecard

MPIM costs 0.09 points a year less.

Points (pts) are percentage points.

MPIM vs SPUT: Dividend Yield & Total Return
MeasureMPIMSPUT
Paid and earned
Total return, 1 yearnot published+6.2%
Price changefell 12.8% (since Aug 12, 2026)rose 1.3% (1 year)
Return of capital, issuer estimate58% of the Nov 2, 2026 payment
Against its benchmark
Benchmarknot publishedS&P 500, measured through SPY
Cost and size
Expense ratio0.70%0.79%
Net assetsnot read by ETFIQ$17m
Holdings
Holdings in commonnot published

Method

Key numbers
3.0%
MPIM cash paid, since launch, Aug 12, 2026
4.8%
SPUT cash paid, 1 year
−10.0%
MPIM total return, since launch, Aug 12, 2026
+6.2%
SPUT total return, 1 year
MPIM · since launch to Nov 12, 2026 Not measured
MPIM
−10.0%
none

Not measured

MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.

MPIM

−10.0%

Total return, distributions reinvested

Not measured

MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.

MPIM

−10.0%

3.0% of it arrived as cash. Total return, distributions reinvested. MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.

Data to Nov 12, 2026.
SPUT · 1 year to Nov 12, 2026 5.8 pts behind SPY
SPUT
+6.2%
SPY
+12.0%

5.8 pts behind SPY

SPUT over 1 year: paid 4.8%, price +1.3%, total +6.2%, SPY +12.0%, −5.8 pts. Data to Nov 12, 2026.

SPY

+12.0%

SPUT

+6.2%

4.8% as cash

5.8 pts behind SPY

Total return, distributions reinvested

5.8 pts behind SPY

SPUT over 1 year: paid 4.8%, price +1.3%, total +6.2%, SPY +12.0%, −5.8 pts. Data to Nov 12, 2026.

SPY

+12.0%

SPUT

+6.2%

5.8 pts behind SPY

4.8% of it arrived as cash. Both charts share one scale, with zero at the line. SPUT over 1 year: paid 4.8%, price +1.3%, total +6.2%, SPY +12.0%, −5.8 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

Side by side

MPIM m+ Income Momentum Autocall ETF · Autocallable SPUT Innovator Equity Premium Income - Daily PutWrite ETF · Sells puts on the S&P 500, paying monthly
Issuer m+ Innovator
Strategy autocallable put-selling overlay
Benchmark not set S&P 500 (SPY)
Pays not established monthly
Payout rate, annualized 17.0% 3.8%
Expense ratio 0.70% 0.79%
Cash paid, 1 year 3.0% (since launch, Aug 12, 2026) 4.8%
Price change, 1 year −12.8% (since launch, Aug 12, 2026) +1.3%
Total return, 1 year −10.0% (since launch, Aug 12, 2026) +6.2%
Benchmark return, 1 year not published +12.0%
Ahead or behind not available −5.8 pts
Return of capital, latest estimate not published 58%
Age 92 days 1.7 years
Net assets not read by ETFIQ $17m

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: MPIM vs SPUT: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowMPIMSPUTMPIMSPUTMPIMSPUT
3 months−10.6%−3.1%3.0%1.0%not measured−0.6 pts
6 months–−1.0%–1.9%–−2.7 pts
1 year–+6.2%–4.8%–−5.8 pts
Since launchNot the same days: MPIM Aug 2026 · SPUT Mar 2025−10.0%+19.2%3.0%9.1%not measured−18.0 pts

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About each fund
MPIM

Over the period from its first trade on Aug 12, 2026 to Nov 12, 2026, MPIM paid 3.0% of its starting value in cash distributions while its price fell 12.8%. With every distribution reinvested, the fund returned −10.0%. At its price on Nov 12, 2026 the latest distribution annualizes to 17.0%, paid periodically.

SPUT

Over the year to Nov 12, 2026, SPUT paid 4.8% of its starting value in cash distributions while its price rose 1.3%. With every distribution reinvested, the fund returned +6.2%. S&P 500 (SPY) returned +12.0% over the same days, so a holder was behind by 5.8 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 3.8%, 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, MPIM or SPUT?
MPIM charges 0.70% a year and SPUT charges 0.79%, so MPIM is cheaper. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, MPIM against SPUT, data as of Nov 12, 2026. https://etfiq.com/compare/income/mpim-vs-sput

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MPIM and SPUT both write options for income.

Growth of 100

MPIM and SPUT

Total return, distributions reinvested, 3 months.

MPIM −10.6%SPUT −3.1%
Aug 13, 2026Nov 12, 2026

MPIM −10.6%, SPUT −3.1%: SPUT +7.5 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.