Data as of Oct 28, 2026.
IVV vs JEPI: Differences, Returns & Fees
Over the year to Oct 28, 2026, IVV returned +13.7% to JEPI's +8.7%, and IVV charges 0.03% to JEPI's 0.35%.
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Net assets: $885.1bn on Oct 27, 2026 for iShares Core S&P 500 ETF, and $46.1bn on Oct 28, 2026 for JPMorgan Equity Premium Income ETF.
Pair scorecard
IVV costs 0.32 points a year less; their one-year returns differ by 5.0 points; IVV is 19.3 times larger.
| Measure | IVV | JEPI |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +8.7% |
| Price change, 1 year | rose 12.4% | rose 0.4% |
| Latest payout, annualized | 7.1% | |
| Against its benchmark | ||
| What it tracks | S&P 500 | Benchmark: S&P 500, measured through SPY |
| Against its benchmark, same days | behind by 4.9 pts | |
| Cost and size | ||
| Expense ratio | 0.03% | 0.35% |
| Net assets, as of Oct 27, 2026 | $885.1bn | $45.9bn |
| Holdings | ||
| Holdings in common | 39% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method
Risk and return
May 29, 2020 to Oct 23, 2026 · 334 weekly returns · each against SPYIVV returned more: +174.4% to +91.1%. JEPI swung less: 10.5% to 16.1%. JEPI fell less at its worst: −13.1% to −23.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IVV | JEPI | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +174.4% | +91.1% | IVV | Price change plus distributions, reinvested. | |
| Annualized | +17.0% | +10.6% | IVV | Total return as a yearly rate. | |
| Price return | +150.1% | +11.0% | IVV | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 16.1% | 10.5% | JEPI | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 10.5% | 7.1% | JEPI | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −23.9% | −13.1% | JEPI | Deepest fall from a high to the low after it. | |
| Upside capture | 100.5% | 42.2% | 100.0% | IVV | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 100.1% | 59.6% | 100.0% | JEPI | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.00 | 0.57 | 1.00 | JEPI lower | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.75 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.87 | 0.72 | IVV | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.33 | 1.06 | IVV | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.139 | 0.133 | 0.139 | IVV (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.71 | 0.81 | JEPI | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | −0.3% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.43 | −0.15 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −0.2% to +0.3% | −4.4% to +3.8% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.29 | −0.73 | IVV | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.3% | 8.7% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 334 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IVV and JEPI hold 39% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.
half
39% in common
Only in one fund ↓
Side by side
IVV and JEPI on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
IVV and JEPI do different jobs. What does each one do in a portfolio?
- What each follows. IVV follows S&P 500 and JEPI is measured against S&P 500 through SPY.
- Holdings in common. 39% of the weight is in the same securities (holdings dated Oct 27, 2026 and Oct 28, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 IVV returned +13.7% and JEPI +8.7% with distributions reinvested, a gap of 5.0 points.
Data as of Oct 28, 2026.
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IVV
IVV tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.6% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.1%.
JEPI
Over the year to Oct 28, 2026, JEPI paid 8.0% of its starting value in cash distributions while its price rose 0.4%. With every distribution reinvested, the fund returned +8.7%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was behind by 4.9 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 7.1%, paid monthly.
Questions people ask
- Are IVV and JEPI in the same category?
- IVV is a stock ETF and JEPI is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, IVV or JEPI?
- In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and JEPI +8.7%.
- Which is cheaper, IVV or JEPI?
- IVV is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, IVV against JEPI, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-jepi
ETFIQ. (Oct 28, 2026). IVV against JEPI. Retrieved from https://etfiq.com/compare/any/ivv-vs-jepi
[IVV against JEPI (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ivv-vs-jepi)
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