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JOYT vs LCTO

JPMorgan Equity and Options Total Return ETF

JOYTANasdaq

Kurv U.S. Large Cap TaxOptimized ETF

LCTODCboe

Overlap

0.0%by weight

Expense ratio

JOYT −0.35pt a year

JOYT0.35%LCTO0.70%

Avg volume · 30D

JOYT 18.2×the volume

JOYT7.23KLCTO398

JOYT vs LCTO Performance

Jul 31, 2026 – Oct 30, 2026

+2.1%JOYT+0.1%LCTO

Jul 31, 2026 to Oct 30, 2026. JOYT +2.1%. LCTO +0.1%. Use the arrow keys to read each point.1%3%4%Jul 2026Sep 2026Oct 2026
Expense ratio
JOYT 0.35%, better
LCTO 0.70%
Fund size
JOYT $117M
LCTO $0
1Y total return
JOYT +13.0%
LCTO No data
Yield (12M)
JOYT 0.76%
LCTO No data
Holdings
JOYT 112
LCTO 13
Avg volume (30D)
JOYT 7.23K sh, better
LCTO 398 sh
NAV per share
JOYT $59.32
LCTO $24.55
52W range

ETF.net Grade

JOYT: Cost 87, Risk 67, Mission 100, Tradability 39, Holdings 69, Durability 60. LCTO: Cost 30, Risk 50, Mission not scored, Tradability 35, Holdings 42, Durability 8.
Pillar letters and Scores for JOYT, LCTO, with each pillar’s weight
PillarJOYTLCTO
Cost30% weightA87HigherD30
Mission25% weightA100Not scored
Risk15% weightB67HigherC50
Tradability15% weightD39HigherD35
Holdings10% weightB69HigherC42
Durability5% weightB60HigherF8

Rank among S&P 500 Active 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. JOYT and LCTO 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 LCTO 11th of 15 funds in the S&P 500 Active Option Income Category.

  1. Rank 1AJEPIJPMorgan Equity Premium Income ETFScore 83
  2. Rank 2AJOYTJPMorgan Equity and Options Total Return ETFScore 76
  3. Rank 3AROCYJPMorgan Equity Premium Yield ETFScore 75
  4. Rank 10DUPSDAptus Large Cap Upside ETFScore 39
  5. Rank 11DLCTOKurv U.S. Large Cap TaxOptimized ETFScore 35
  6. Rank 12FACEIInnovator Equity Autocallable Income Strategy ETFScore 23

Our read on each fund

ETF.net Research

JOYTAJPMorgan Equity and Options Total Return ETF

LCTODKurv U.S. Large Cap TaxOptimized 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.

LCTO 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.

LCTO 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.

LCTO 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.

LCTO No data

Full JOYT profile⁠

Full LCTO profile⁠

JOYT vs LCTO Holdings

How JOYT and LCTO differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of JOYT and 0.0% of LCTO.

Level by level

  • Holdings0 in both0.0%
  • Sector11 Sectors98.5%
  • Asset classEquity100%
  • Countryby domicile99.5%

Sector

Sector weights in JOYT and LCTO, widest gap first
SectorMore in JOYTMore in LCTO
MaterialsLCTO +0.6 points
TechnologyJOYT +0.6 points
UtilitiesJOYT +0.3 points
Real EstateLCTO +0.2 points
IndustrialsJOYT +0.3 points
Health CareLCTO +0.3 points
Consumer DiscretionaryLCTO +0.2 points
FinancialsJOYT +0.2 points
Consumer StaplesLCTO +0.2 points
EnergyJOYT +0.2 points
CommunicationSame weight

Country, concentration and asset class

Country by domicile

Country weights in JOYT and LCTO, widest gap first
CountryMore in JOYTMore in LCTO
United StatesSame weight
NetherlandsJOYT +0.5 points
SwitzerlandLCTO +0.3 points
ChinaLCTO +0.1 points
MexicoSame weight
IrelandSame weight
United KingdomSame weight
CanadaSame weight

Concentration

Weight in the 10 largest Holdings

  • JOYT42.2%
  • LCTO100.4%

Securities held

  • JOYT111
  • LCTO12

Asset class

JOYT
Equity
LCTO
Equity

Holdings

  • Only in JOYT111
  • In both0
  • Only in LCTO12

Only in JOYT

111 securities, 100% of JOYT by weight

  • NVIDIA Corp Common Stock8.10%
  • Apple Inc Common Stock7.57%
  • Microsoft Corp Common6.58%

Only in LCTO

12 securities, 100% of LCTO by weight

  • iShares Core S&P 500 ETF37.72%
  • PIMCO Short Term Municipal Bond Active Exchange-Traded Fund23.69%
  • State Street SPDR Nuveen ICE High Yield Municipal Bond ETF17.07%

Weight gaps

JOYT and LCTO share no securities.

All 111 JOYT holdings⁠All LCTO 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 LCTO Cost

Overpaying LCTO vs JOYT

$6,480

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

  • JOYT 0.35%

    $7,126

  • LCTO 0.70%

    $13,606

$10,000
30 years

Cost over time

  • JOYT 0.35%
  • LCTO 0.70%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530LCTO $13,606JOYT $7,126

Year by year

YearJOYTLCTOOverpaying
10$634$1,250$616
20$2,454$4,760$2,306
30$7,126$13,606$6,480

Expense ratio

  • 0.35%JOYT, cheaper
  • 0.70%LCTO
  • Middle half of S&P 500 Active Option Income funds
  • Median 0.56%

JOYT 2nd cheapest of 15 funds

LCTO 10th cheapest of 15 funds

JOYT vs LCTO Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
JOYT 0.76%
LCTO No data
Payout (12M)
JOYT $0.45
LCTO No data
Last payment
JOYT $0.11
LCTO $0.05
Ex-dividend
JOYT Sep 22, 2026
LCTO Oct 28, 2026
Paid on
JOYT Sep 24, 2026
LCTO Oct 29, 2026
Frequency
JOYT Quarterly
LCTO Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

JOYTQuarterly · 5 paymentsAll JOYT payments⁠
One bar per payment. 5 payments from 2025 to 2026 YTD. Sep 23, 2025 $0.01; Dec 16, 2025 $0.14; Mar 24, 2026 $0.10; Jun 23, 2026 $0.10; Sep 22, 2026 $0.11. Use the arrow keys to read each point.$0$0.102026YTD
LCTOMonthly · 3 paymentsAll LCTO payments⁠
One bar per payment. 3 payments from 2025 to 2026 YTD. Aug 26, 2026 $0.05; Sep 23, 2026 $0.05; Oct 28, 2026 $0.05. Use the arrow keys to read each point.$0$0.102026YTD

JOYT vs LCTO 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 2025LCTO No data
Return per unit of riskSharpe ratio, 3 years
JOYT 1.64since Sep 2025LCTO No data
Worst fallMax drawdown, 5 years
JOYT −7.0%since Aug 2025LCTO No data
Market sensitivityBeta, 5 years
JOYT 0.49LCTO 0.00

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