Data as of Sep 4, 2026. Both funds on the fields they both publish, from the same sources.
JEPI vs QQQ
JPMorgan Equity Premium Income ETF and Invesco QQQ Trust.
What they hold in common
By the books each fund has filed, JEPI and QQQ hold 21% of their money in the same securities at the same weight.
| Holding | JEPI | QQQ |
|---|---|---|
| Lam Research Corp. | 1.57% | 1.75% |
| Apple, Inc. | 1.53% | 7.29% |
| NVIDIA Corp. | 1.53% | 8.16% |
| Alphabet, Inc. | 1.52% | 3.52% |
| Amazon.com, Inc. | 1.48% | 4.62% |
| Broadcom, Inc. | 1.33% | 3.37% |
| Microsoft Corp. | 1.30% | 5.32% |
| Meta Platforms, Inc. | 1.22% | 2.97% |
| Costco Wholesale Corp. | 1.12% | 1.86% |
| Walmart, Inc. | 0.92% | 2.48% |
| Analog Devices, Inc. | 1.11% | 0.89% |
| PepsiCo, Inc. | 1.21% | 0.87% |
| Only in JEPI | Only in QQQ |
|---|---|
| AbbVie, Inc. 1.74% | Micron Technology, Inc. 4.80% |
| Howmet Aerospace, Inc. 1.70% | Tesla, Inc. 3.46% |
| Johnson & Johnson 1.68% | Alphabet Inc. 3.26% |
| Eaton Corp. plc 1.64% | Intel Corp. 2.52% |
| Trane Technologies plc 1.62% | Cisco Systems, Inc. 2.09% |
| NextEra Energy, Inc. 1.50% | Palantir Technologies Inc. 1.58% |
| EOG Resources, Inc. 1.46% | Applied Materials, Inc. 1.57% |
| 3M Co. 1.43% | QUALCOMM Inc. 1.18% |
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 as filed for Jun 30, 2026 and May 31, 2026.
| JEPI JPMorgan Equity Premium Income ETF | QQQ Invesco QQQ Trust | |
|---|---|---|
| Where it sits | Income desk | Core fund |
| Issuer | JPMorgan | Invesco |
| What it is | covered call, vs SPY | Nasdaq-100, book from QQQM |
| Total return, 1 year | +9.2% | +25.6% |
| S&P 500 over the same days | +20.0% | +20.0% |
| Gap to the S&P 500 | −10.7 pts | +5.6 pts |
| Cash paid, 1 year | 8.1% | not an income fund |
| Expense ratio | 0.35% | 0.18% |
| Holdings | n/a | 101 |
JEPI in plain words
Over the year to Sep 4, 2026, JEPI paid 8.1% of its starting value in cash distributions while its price rose 0.8%. With every distribution reinvested, the fund returned +9.2%. S&P 500 (SPY) returned +20.0% over the same days, so a holder was behind by 10.7 pts. At its price on Sep 4, 2026 the latest distribution annualises to 7.8%, paid monthly.
QQQ in plain words
QQQ is a index equity fund tracking Nasdaq-100, book from QQQM. Over the year to Sep 4, 2026 it returned +25.6% with distributions reinvested, against +20.0% for the S&P 500 and +25.6% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for May 31, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 47.5%. It sat 3.5% below its high of Jun 2, 2026 on Sep 4, 2026.
Questions people ask
- Which returned more over the last year, JEPI or QQQ?
- In the year to Sep 4, 2026, with distributions reinvested, JEPI returned +9.2% and QQQ returned +25.6%, so QQQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, JEPI or QQQ?
- JEPI charges 0.35% a year and QQQ charges 0.18%, so QQQ is cheaper. Fees come from each fund's prospectus.
- Are JEPI and QQQ the same kind of fund?
- No. JEPI is an option-income ETF and QQQ is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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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, JEPI against QQQ, data as of Sep 4, 2026. https://etfiq.com/compare/any/JEPI-QQQ.html Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources