JOYT vs JUDO: Grades, Fees and Holdings Compared

JPMorgan Equity and Options Total Return ETF

JOYTANasdaq

Janus Henderson U.S. Equity Enhanced Income ETF

JUDOCCboe

Overlap

50.7%by weight

Expense ratio

JOYT −0.20pt a year

JOYT0.35%JUDO0.55%

Avg volume · 30D

JOYT 8.4×the volume

JOYT7.23KJUDO863

JOYT vs JUDO Performance

Jul 31, 2026 – Oct 30, 2026

+2.1%JOYT0.0%JUDO

Expense ratio: JOYT 0.35%, better; JUDO 0.55%
Fund size: JOYT $117M; JUDO $8M
1Y total return: JOYT +13.0%; JUDO No data
Yield (12M): JOYT 0.76%; JUDO No data
Holdings: JOYT 112; JUDO 70
Avg volume (30D): JOYT 7.23K sh, better; JUDO 863 sh
NAV per share: JOYT $59.32; JUDO $28.42
52W range

ETF.net Grade

Pillar letters and Scores for JOYT, JUDO, with each pillar’s weight
Pillar	JOYT	JUDO
Cost30% weight	A87Higher	C53
Mission25% weight	A100	Not scored
Risk15% weight	B67	A75Higher
Tradability15% weight	D39Higher	D28
Holdings10% weight	B69	A74Higher
Durability5% weight	B60Higher	D34

Rank among S&P 500 Active Option Income funds

How we build Categories ›

Same Category. JOYT and JUDO are both graded against the same 15 S&P 500 Active Option Income funds, so their Grades compare head to head.

S&P 500 Active Option Income⁠

Category · 15 funds

See all 15 ›

JOYT ranks 2nd and JUDO 8th of 15 funds in the S&P 500 Active Option Income Category.

Rank 1AJEPIJPMorgan Equity Premium Income ETFScore 83
Rank 2AJOYTJPMorgan Equity and Options Total Return ETFScore 76
Rank 3AROCYJPMorgan Equity Premium Yield ETFScore 75
Rank 7ADUBSAptus Large Cap Enhanced Yield ETFScore 70
Rank 8CJUDOJanus Henderson U.S. Equity Enhanced Income ETFScore 53
Rank 9CHIGHSimplify Enhanced Income ETFScore 47

Our read on each fund

ETF.net Research

JOYTAJPMorgan Equity and Options Total Return ETF

JUDOCJanus Henderson U.S. Equity Enhanced Income ETF

In short

JOYT JOYT sells options against a concentrated book of large-cap U.S. stocks, but the premium is aimed at total return and lower volatility rather than a monthly paycheck. Distributions land once or twice a year.

JUDO No data

Stated mandate

JOYT JOYT seeks total return with lower volatility than the overall U.S. large-cap market through dividends, options premium, and capital appreciation. It uses an actively managed portfolio of primarily established large-cap U.S. equities and an options overlay intended to diversify returns and reduce volatility.

JUDO No data

Why people hold it

JOYT 0.35% a year, roughly a third of the median for its active options-overlay peers. Unusual pricing for a fund where a manager is both picking the stocks and writing the options.
About 110 large-cap U.S. names, actively chosen, with an options overlay layered on top to diversify returns and damp volatility versus the broad U.S. large-cap market.
Sits among the stronger implementations in a crowded field of active options-overlay funds, and the portfolio it actually holds matches the mandate in its documents.

JUDO No data

Worth knowing

JOYT Launched in 2025, so there is no record through a full market cycle yet.
Thinly traded with modest assets, so spreads can run wider than at the category's largest funds.
Payouts arrive annually or semiannually, not monthly, so the premium is largely working inside the fund rather than landing in your account.

JUDO No data

Full JOYT profile⁠

Full JUDO profile⁠

JOYT vs JUDO Holdings

How JOYT and JUDO differ

Overlap by weight

50.7%

Shared holdings make up 64.3% of JUDO and 55.2% of JOYT.

Level by level

Holdings36 in both50.7%
Countryby domicile99.2%
Asset classEquity100%

Sector

No Sector split for JUDO.

Country, concentration and asset class

Country by domicile

Country weights in JOYT and JUDO, widest gap first
Country	More in JOYTMore in JUDO	JOYT	JUDO
Switzerland	JUDO +0.8 points	0.0%	0.8%
Other countries (2)	JOYT +0.8 points	100.0%	99.2%

Concentration

Weight in the 10 largest Holdings

JOYT42.2%
JUDO41.2%

Securities held

JOYT111
JUDO69

Asset class

JOYT: Equity
JUDO: Equity

Holdings

Only in JOYT75
In both36
Only in JUDO33

Only in JOYT

75 securities, 44.9% of JOYT by weight

Alphabet Inc-Cl A -4.13%
JPMorgan Prime Money2.86%
Exxonmobil Holdings Corp2.12%
Wells Fargo & Co Common2.06%
Tesla Inc Common Stock1.39%
Advanced Micro Devices1.39%
Csx Corp Common Stock USD1.24%
Bank of America Corp1.09%
Rtx Corp1.06%
Thermo Fisher Scientific0.93%
Bristol-Myers Squibb Co0.81%
Lowe's Cos Inc Common0.78%
Berkshire Hathaway Inc0.75%
Regeneron Pharmaceuticals0.75%
Hewlett Packard0.72%
Mondelez International0.70%
Deere & Co Common Stock0.69%
Trane Technologies PLC0.67%
Analog Devices Inc0.65%
Crowdstrike Holdings Inc0.63%
Hilton Worldwide Holdings0.63%
Northrop Grumman Corp0.61%
Charles Schwab Corp/The0.61%
Nextera Energy Inc0.61%
Nxp Semiconductors NV0.60%
Mcdonald's Corp Common0.59%
Dover Corp Common Stock0.56%
Entergy Corp Common Stock0.53%
Digital Realty Trust Inc0.52%
Prologis Inc Reit USD0.52%
Cms Energy Corp Common0.46%
Metlife Inc Common Stock0.45%
Walmart Inc Common Stock0.44%
Pepsico Inc Common Stock0.44%
State Street Corp Common0.44%
American Tower Corp Reit0.44%
Ameriprise Financial Inc0.43%
Asml Holding NV Ny Reg0.42%
Performance Food Group Co0.42%
AT&T Inc Common Stock USD0.42%
Autozone Inc Common Stock0.42%
Ventas Inc Reit USD 0.250.41%
Vertex Pharmaceuticals0.41%
Cigna Group/The Common0.39%
Palantir Technologies Inc0.36%
Edwards Lifesciences0.36%
Bj's Wholesale Club0.34%
First Citizens0.33%
Vulcan Materials Co0.33%
Axalta Coating Systems0.32%

Only in JUDO

33 securities, 35.7% of JUDO by weight

Alphabet Inc. Class C4.76%
JPMorgan Chase & Co.2.22%
Visa Inc. Class A1.75%
Chevron Corporation1.69%
Texas Instruments Incorporated1.39%
Goldman Sachs Group, Inc.1.28%
Home Depot, Inc.1.23%
Target Corporation1.21%
Accenture Plc Class A1.17%
Cisco Systems, Inc.1.16%
Applied Materials, Inc.1.15%
Verizon Communications Inc.1.02%
Danaher Corporation0.96%
Royal Caribbean Group0.95%
Union Pacific Corporation0.95%
PNC Financial Services Group, Inc.0.84%
Ferguson Enterprises Inc.0.83%
Duke Energy Corporation0.83%
Cummins Inc.0.81%
Gilead Sciences, Inc.0.81%
GE Aerospace0.79%
Delta Air Lines, Inc.0.79%
Abbott Laboratories0.78%
Dell Technologies, Inc. Class C0.77%
Garmin Ltd.0.77%
Trane Technologies plc0.70%
Booking Holdings Inc.0.70%
Monster Beverage Corporation0.62%
American Electric Power Company, Inc.0.61%
Intercontinental Exchange, Inc.0.61%
Marriott International, Inc. Class A0.59%
Freeport-McMoRan, Inc.0.52%
Ecolab Inc.0.42%

Weight gaps

All 36 Holdings in both funds, largest gap first.

Holding weights in JOYT and JUDO, widest gap first
Holding	More in JOYTMore in JUDO	JOYT	JUDO
Apple Inc Common StockAAPL	JOYT +2.33 points	7.57%	5.24%
Meta Platforms Inc CommonMETA	JOYT +1.63 points	2.51%	0.88%
Johnson & Johnson CommonJNJ	JUDO +1.14 points	0.40%	1.54%
Eli Lilly and CompanyLLY	JUDO +0.94 points	1.64%	2.58%
Broadcom Inc CommonAVGO	JUDO +0.94 points	2.13%	3.07%
The Coca-Cola CompanyKO	JUDO +0.90 points	0.37%	1.27%
The Walt Disney CompanyDIS	JUDO +0.83 points	0.64%	1.47%
Salesforce.com Inc.CRM	JUDO +0.80 points	0.48%	1.28%
Ge Vernova Inc CommonGEV	JUDO +0.76 points	0.49%	1.25%
Motorola Solutions IncMSI	JUDO +0.66 points	0.17%	0.83%
Microsoft Corp CommonMSFT	JUDO +0.56 points	6.58%	7.14%
Arista Networks IncANET	JUDO +0.54 points	0.22%	0.76%
Corning Inc Common StockGLW	JUDO +0.52 points	0.17%	0.69%
Progressive Corp/ThePGR	JUDO +0.50 points	0.70%	1.20%
Tjx Cos Inc/The CommonTJX	JUDO +0.50 points	0.47%	0.97%
Stryker Corp Common StockSYK	JUDO +0.47 points	0.61%	1.08%
UnitedHealth Group IncUNH	JUDO +0.41 points	0.94%	1.35%
Eog Resources Inc CommonEOG	JUDO +0.41 points	0.96%	1.37%
Amphenol Corp CommonAPH	JUDO +0.39 points	0.68%	1.07%
Cme Group Inc CommonCME	JUDO +0.37 points	0.61%	0.98%
American Express CoAXP	JUDO +0.35 points	0.96%	1.31%
Eaton Corp PLC CommonETN	JUDO +0.30 points	0.55%	0.85%
Morgan Stanley DeanMS	JUDO +0.28 points	0.72%	1.00%
Philip MorrisPM	JUDO +0.25 points	1.34%	1.58%
Conocophillips CommonCOP	JOYT +0.24 points	1.05%	0.81%
Seagate TechnologySTX	JUDO +0.20 points	0.87%	1.07%
AbbVie Inc Common StockABBV	JOYT +0.19 points	1.62%	1.43%
Lam Research Corp CommonLRCX	JUDO +0.19 points	0.92%	1.11%
NVIDIA Corp Common StockNVDA	JUDO +0.12 points	8.10%	8.22%
Mastercard Inc CommonMA	JOYT +0.10 points	1.85%	1.75%
3M Co Common Stock USDMMM	JUDO +0.10 points	0.68%	0.78%
Medtronic PLC CommonMDT	JUDO +0.09 points	0.61%	0.70%
Amazon.com Inc CommonAMZN	JUDO +0.08 points	3.99%	4.07%
Howmet Aerospace IncHWM	JUDO +0.06 points	0.73%	0.79%
The Southern CompanySO	JOYT +0.03 points	0.70%	0.67%
Micron Technology IncMU	JOYT +0.02 points	2.17%	2.15%

All 111 JOYT holdings⁠All 69 JUDO 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.

JOYT vs JUDO Cost

Overpaying JUDO vs JOYT

$3,778

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

JOYT 0.35%
$7,126
JUDO 0.55%
$10,904

Amount$10,000

Years30 years

Cost over time

JOYT 0.35%
JUDO 0.55%
Overpaying

Year by year

Year	JOYT	JUDO	Overpaying
10	$634	$988	$354
20	$2,454	$3,790	$1,336
30	$7,126	$10,904	$3,778

Expense ratio

0.35%JOYT, cheaper
0.55%JUDO

JOYT0.35%JUDO0.55%

0.25%0.92%

Middle half of S&P 500 Active Option Income funds
Median 0.56%

JOYT 2nd cheapest of 15 funds

JUDO 7th cheapest of 15 funds

JOYT vs JUDO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): JOYT 0.76%; JUDO No data
Payout (12M): JOYT $0.45; JUDO No data
Last payment: JOYT $0.11; JUDO $0.15
Ex-dividend: JOYT Sep 22, 2026; JUDO Oct 30, 2026
Paid on: JOYT Sep 24, 2026; JUDO Pays Nov 5, 2026
Frequency: JOYT Quarterly; JUDO Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

JOYTQuarterly · 5 paymentsAll JOYT payments⁠

JUDOMonthly · 7 paymentsAll JUDO payments⁠

JOYT vs JUDO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: JOYT 7.0%since Sep 2025JUDO No data
Return per unit of riskSharpe ratio, 3 years: JOYT 1.64since Sep 2025JUDO No data
Worst fallMax drawdown, 5 years: JOYT −7.0%since Aug 2025JUDO No data
Market sensitivityBeta, 5 years: JOYT 0.49JUDO 0.81; Market = 1

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