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BENJ vs LQDM

Horizon Landmark ETF

BENJANYSE Arca

Amplify LQD Investment Grade 12% Target Income ETF

LQDMCCboe

Overlap

0.0%by weight

Expense ratio

BENJ −0.14pt a year

BENJ0.40%LQDM0.54%

Avg volume · 30D

BENJ 6.6×the volume

BENJ38.5KLQDM5.81K

BENJ vs LQDM Performance

Jul 31, 2026 – Oct 30, 2026

+0.9%BENJ−0.3%LQDM

Jul 31, 2026 to Oct 30, 2026. BENJ +0.9%. LQDM −0.3%. Use the arrow keys to read each point.−2%−1%Jul 2026Sep 2026Oct 2026
Expense ratio
BENJ 0.40%, better
LQDM 0.54%
Fund size
BENJ $359M
LQDM $4M
1Y total return
BENJ +3.8%
LQDM No data
Holdings
BENJ 3
LQDM 3
Avg volume (30D)
BENJ 38.5K sh, better
LQDM 5.81K sh
NAV per share
BENJ $53.46
LQDM $23.04
52W range

ETF.net Grade

BENJ: Cost 77, Risk 87, Mission not scored, Tradability 86, Holdings 59, Durability 57. LQDM: Cost 69, Risk 34, Mission not scored, Tradability 49, Holdings 50, Durability 26.
Pillar letters and Scores for BENJ, LQDM, with each pillar’s weight
PillarBENJLQDM
Cost30% weightA77HigherB69
Mission25% weightNot scoredNot scored
Risk15% weightA87HigherD34
Tradability15% weightA86HigherC49
Holdings10% weightB59HigherC50
Durability5% weightB57HigherD26

Rank among Treasury Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BENJ and LQDM are both graded against the same 13 Treasury Option Income funds, so their Grades compare head to head.

Treasury Option Income⁠

Category · 13 funds
See all 13 ›

BENJ ranks 1st and LQDM 8th of 13 funds in the Treasury Option Income Category.

  1. Rank 1ABENJHorizon Landmark ETFScore 76
  2. Rank 2ATLTWiShares 20+ Year Treasury Bond BuyWrite Strategy ETFScore 75
  3. Rank 8CDEFRAptus Deferred Income ETFScore 40
  4. Rank 8CLQDMAmplify LQD Investment Grade 12% Target Income ETFScore 40
  5. Rank 10DFIAXNicholas Fixed Income Alternative ETFScore 37

Our read on each fund

ETF.net Research

BENJAHorizon Landmark ETF

LQDMCAmplify LQD Investment Grade 12% Target Income ETF

In short

BENJ Most option-income Treasury funds sell calls against long bonds. BENJ flips it: hold one- to three-month T-bills as ballast, then run an actively managed options book on US stocks, ETFs and indexes.

LQDM No data

Stated mandate

BENJ The Fund seeks total return through active management, investing primarily in one- to three-month U.S. Treasury bills and related ETFs while using options strategies on a broad range of domestic equity securities, ETFs, and equity indices.

LQDM No data

Why people hold it

  • BENJ Costs 0.40%, under the 0.58% median for its option-income Treasury cohort and well below OVT at 0.80%.
  • The bond sleeve is one- to three-month T-bills, so there is no 20+ year duration bet built in the way there is with long-bond buy-write peers like TLTW and TLTI.
  • Fully active, not rule-locked: the manager can write options across single stocks, ETFs and equity indexes rather than one fixed index overlay.
  • Sits in the upper half of a small, crowded peer group of Treasury-plus-options funds.

LQDM No data

Worth knowing

  • BENJ Launched in 2025, so the track record is short and there is not much history yet to judge how the options book behaves across different markets.
  • Thinly traded, which can mean wider bid-ask spreads than the expense ratio alone suggests.
  • Built for total return, not a set payout calendar. It has not run on the monthly-distribution cadence common elsewhere in option-income land.

LQDM No data

Full BENJ profile⁠

Full LQDM profile⁠

BENJ vs LQDM Holdings

How BENJ and LQDM differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of BENJ and 0.0% of LQDM.

Level by level

  • Asset classFixed Income, Equity0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for BENJ.

Country, concentration and asset class

Country by domicile

No country split for BENJ.

Concentration

Weight in the 10 largest Holdings

  • BENJ100.0%
  • LQDM100.1%

Securities held

  • BENJ3
  • LQDM2

Asset class

BENJ
Fixed Income
LQDM
Equity

Holdings

  • Only in BENJ3
  • In both0
  • Only in LQDM2

Only in BENJ

3 securities, 100% of BENJ by weight

  • Spy 12/18/2026 3003 P74.71%
  • Spy 12/18/2026 3 C25.22%
  • First American Government Obligations Fund 12/01/20310.10%

Only in LQDM

2 securities, 99.7% of LQDM by weight

  • iShares iBoxx USD Investment Grade Corporate Bond ETF99.74%
  • Invesco Government & Agency Portfolio 12/31/2031<0.01%

Weight gaps

BENJ and LQDM share no securities.

All 3 BENJ holdings⁠All 2 LQDM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BENJ vs LQDM Cost

Overpaying LQDM vs BENJ

$2,630

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BENJ 0.40%

    $8,090

  • LQDM 0.54%

    $10,720

$10,000
30 years

Cost over time

  • BENJ 0.40%
  • LQDM 0.54%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530LQDM $10,720BENJ $8,090

Year by year

YearBENJLQDMOverpaying
10$723$971$248
20$2,793$3,724$931
30$8,090$10,720$2,630

Expense ratio

  • 0.40%BENJ, cheaper
  • 0.54%LQDM
  • Middle half of Treasury Option Income funds
  • Median 0.65%

BENJ 3rd cheapest of 13 funds

LQDM 4th cheapest of 13 funds

BENJ vs LQDM Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
BENJ None
LQDM No data
Last payment
BENJ No data
LQDM $0.23
Ex-dividend
BENJ No data
LQDM Oct 29, 2026
Paid on
BENJ No data
LQDM Oct 30, 2026
Frequency
BENJ No data
LQDM Monthly

Distribution history

Per share, 2026, same scale for both

BENJAll BENJ payments⁠

No distribution history available.

LQDMMonthly · 6 paymentsAll LQDM payments⁠
One bar per payment. 6 payments in 2026 YTD. May 28, 2026 $0.25; Jun 29, 2026 $0.25; Jul 30, 2026 $0.24; Aug 28, 2026 $0.24; Sep 29, 2026 $0.23; Oct 29, 2026 $0.23. Use the arrow keys to read each point.$0$0.252026YTD

BENJ vs LQDM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BENJ 0.5%since Feb 2025LQDM No data
Return per unit of riskSharpe ratio, 3 years
BENJ −0.43since Feb 2025LQDM No data
Worst fallMax drawdown, 5 years
BENJ −0.4%since Jan 2025LQDM No data
Market sensitivityBeta, 5 years
BENJ 0.0004LQDM 0.23

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