Data as of Sep 4, 2026. Both funds on the fields they both publish, from the same sources.
JEPQ vs QQQ
JPMorgan Nasdaq Equity Premium Income ETF and Invesco QQQ Trust.
What they hold in common
By the books each fund has filed, JEPQ and QQQ hold 67% of their money in the same securities at the same weight.
| Holding | JEPQ | QQQ |
|---|---|---|
| NVIDIA Corp. | 6.68% | 8.16% |
| Apple, Inc. | 5.83% | 7.29% |
| Micron Technology, Inc. | 5.58% | 4.80% |
| Microsoft Corp. | 3.90% | 5.32% |
| Advanced Micro Devices, Inc. | 3.87% | 3.70% |
| Amazon.com, Inc. | 3.67% | 4.62% |
| Alphabet, Inc. | 5.05% | 3.26% |
| Tesla, Inc. | 2.39% | 3.46% |
| Meta Platforms, Inc. | 2.38% | 2.97% |
| Broadcom, Inc. | 2.16% | 3.37% |
| Walmart, Inc. | 1.79% | 2.48% |
| Lam Research Corp. | 2.89% | 1.75% |
| Only in JEPQ | Only in QQQ |
|---|---|
| Seagate Technology Holdings plc 1.93% | Alphabet Inc. 3.52% |
| Citigroup Global Markets Holdings, Inc. 1.14% | Linde PLC 1.01% |
| Toronto-Dominion Bank (The) 1.14% | Seagate Technology Holdings PLC 0.84% |
| BNP Paribas Issuance BV 1.14% | Honeywell International Inc. 0.66% |
| Royal Bank of Canada 1.13% | ASML Holding N.V. 0.62% |
| ASML Holding NV 1.13% | Cadence Design Systems, Inc. 0.46% |
| BNP Paribas Issuance BV 1.13% | Fortinet, Inc. 0.45% |
| Royal Bank of Canada 1.13% | Automatic Data Processing, Inc. 0.39% |
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.
| JEPQ JPMorgan Nasdaq Equity Premium Income ETF | QQQ Invesco QQQ Trust | |
|---|---|---|
| Where it sits | Income desk | Core fund |
| Issuer | JPMorgan | Invesco |
| What it is | covered call, vs QQQ | Nasdaq-100, book from QQQM |
| Total return, 1 year | +20.7% | +25.6% |
| S&P 500 over the same days | +25.6% | +20.0% |
| Gap to the S&P 500 | −4.9 pts | +5.6 pts |
| Cash paid, 1 year | 12.2% | not an income fund |
| Expense ratio | 0.35% | 0.18% |
| Holdings | n/a | 101 |
JEPQ in plain words
Over the year to Sep 4, 2026, JEPQ paid 12.2% of its starting value in cash distributions while its price rose 7.6%. With every distribution reinvested, the fund returned +20.7%. Nasdaq-100 (QQQ) returned +25.6% over the same days, so a holder was behind by 4.9 pts. At its price on Sep 4, 2026 the latest distribution annualises to 13.7%, 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, JEPQ or QQQ?
- In the year to Sep 4, 2026, with distributions reinvested, JEPQ returned +20.7% and QQQ returned +25.6%, so QQQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, JEPQ or QQQ?
- JEPQ charges 0.35% a year and QQQ charges 0.18%, so QQQ is cheaper. Fees come from each fund's prospectus.
- Are JEPQ and QQQ the same kind of fund?
- No. JEPQ 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, JEPQ against QQQ, data as of Sep 4, 2026. https://etfiq.com/compare/any/JEPQ-QQQ.html Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources