Data as of .
OEI vs SPUT: which paid, and which earned it?
OEI and SPUT both write options for income.
What they hold in common
By the books each fund has filed, OEI and SPUT hold 35% of their money in the same securities at the same weight.
| Holding | OEI | SPUT |
|---|---|---|
| NVIDIA Corp | 8.32% | 3.85% |
| Apple Inc | 4.28% | 3.22% |
| Microsoft Corp | 5.99% | 2.47% |
| Amazon.com Inc | 4.56% | 2.09% |
| Alphabet Inc | 3.48% | 1.84% |
| Broadcom Inc | 3.04% | 1.60% |
| Alphabet Inc | 2.79% | 1.59% |
| Meta Platforms Inc | 2.18% | 1.10% |
| Tesla Inc | 1.46% | 0.91% |
| JPMorgan Chase & Co | 1.65% | 0.70% |
| Eli Lilly & Co | 1.80% | 0.65% |
| ExxonMobil Holdings Corp | 2.07% | 0.54% |
| Only in OEI | Only in SPUT |
|---|---|
| Goldman Sachs Group Inc/The 0.66% | TREASURY BILL 49.24% |
| Mobility Global Inc 0.02% | Linde PLC 0.19% |
| KLA Corp 0.19% | |
| Analog Devices Inc 0.16% | |
| Union Pacific Corp 0.13% | |
| ConocoPhillips 0.13% | |
| Sandisk Corp/DE 0.13% | |
| Welltower Inc 0.12% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jul 31, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| OEI | SPUT | OEI | SPUT | OEI | SPUT | |
| 3 months | +4.8% | +2.4% | 2.3% | 1.1% | +2.5 pts | +0.1 pts |
| 6 months | +12.5% | +11.5% | 4.9% | 2.5% | −5.6 pts | −6.5 pts |
| 1 year | not published | +11.5% | not published | 5.2% | not published | −5.1 pts |
| Since launch | +14.4% | +22.4% | 8.6% | 8.5% | −0.9 pts | −15.6 pts |
| OEI Optimized Equity Income ETF Option income on SPY, paying monthly | SPUT Innovator Equity Premium Income - Daily PutWrite ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Core Alternative | Innovator |
| Strategy | option income | covered call |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 9.2% | 4.7% |
| Expense ratio | 1.02% | 0.79% |
| Cash paid, 1 year | 8.6% (since launch on Oct 22, 2025) | 5.2% |
| Price change, 1 year | +5.2% | +6.0% |
| Total return, 1 year | +14.4% (since launch on Oct 22, 2025) | +11.5% |
| Benchmark return, 1 year | +15.3% | +16.6% |
| Ahead or behind | −0.9 pts | −5.1 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 331 days | 553 days |
| Net assets | $46m | $17m |
OEI in plain words
Over the period since launch on Oct 22, 2025 to Sep 18, 2026, OEI paid 8.6% of its starting value in cash distributions while its price rose 5.2%. With every distribution reinvested, the fund returned +14.4%. S&P 500 (SPY), used as a default proxy returned +15.3% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.2%, paid monthly.
SPUT in plain words
Over the year to Sep 18, 2026, SPUT paid 5.2% of its starting value in cash distributions while its price rose 6.0%. With every distribution reinvested, the fund returned +11.5%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 5.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 4.7%, paid monthly.
Questions people ask
- Which is cheaper, OEI or SPUT?
- OEI charges 1.02% a year and SPUT charges 0.79%, so SPUT is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, OEI against SPUT, data as of Sep 18, 2026. https://etfiq.com/compare/income/oei-vs-sput Free to use with attribution; the underlying files are at Open data.