Data as of Oct 27, 2026.
JEPI vs SGOV: Differences, Returns & Fees
Over the year to Oct 27, 2026, JEPI returned +7.6% to SGOV's +3.7%, and SGOV charges 0.09% to JEPI's 0.35%.
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Net assets on Oct 26, 2026: $45.8bn for JPMorgan Equity Premium Income ETF and $116.9bn for iShares 0-3 Month Treasury Bond ETF.
Pair scorecard
SGOV costs 0.26 points a year less; their one-year returns differ by 3.9 points; SGOV is 2.6 times larger.
| Measure | JEPI | SGOV |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.6% | +3.7% |
| Price change, 1 year | fell 0.6% | rose 0.0% |
| Latest payout, annualized | 7.2% | |
| Against its benchmark | ||
| What it tracks | Benchmark: S&P 500, measured through SPY | ICE 0-3 Month US Treasury Securities Index |
| Against its benchmark, same days | behind by 5.9 pts | |
| Cost and size | ||
| Expense ratio | 0.35% | 0.09% |
| Net assets, as of Oct 26, 2026 | $45.8bn | $116.9bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Oct 26, 2026. Method
Risk and return
Jun 5, 2020 to Oct 23, 2026 · 333 weekly returnsJEPI returned more: +90.3% to +20.8%. SGOV swung less: 0.3% to 10.5%. SGOV fell less at its worst: 0.0% to −13.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | JEPI | SGOV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +90.3% | +20.8% | JEPI | Price change plus distributions, reinvested. |
| Annualized | +10.6% | +3.0% | JEPI | Total return as a yearly rate. |
| Price return | +10.6% | +0.6% | JEPI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 10.5% | 0.3% | SGOV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 7.1% | 0.2% | SGOV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −13.1% | 0.0% | SGOV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.71 | −0.46 | JEPI | Return above Treasury bills per unit of volatility. |
| Sortino | 1.06 | −0.57 | JEPI | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.81 | Not measured | Annualized return divided by the max drawdown. | |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 333 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, JEPI and SGOV hold 0% of their money in the same securities at the same weight. Holdings dated Oct 26, 2026.
half
0% in common
Only in one fund ↓
Side by side
JEPI and SGOV on the fields both publish, as of Oct 27, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
JEPI and SGOV do different jobs. What does each one do in a portfolio?
- What each follows. JEPI is measured against S&P 500 through SPY and SGOV follows ICE 0-3 Month US Treasury Securities Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 26, 2026).
- One-year total return. Over 1 year to Oct 27, 2026 JEPI returned +7.6% and SGOV +3.7% with distributions reinvested, a gap of 3.9 points.
Data as of Oct 27, 2026.
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JEPI
Over the year to Oct 27, 2026, JEPI paid 7.9% of its starting value in cash distributions while its price fell 0.6%. With every distribution reinvested, the fund returned +7.6%. S&P 500 (SPY) returned +13.5% over the same days, so a holder was behind by 5.9 pts. At its price on Oct 27, 2026 the latest distribution annualizes to 7.2%, paid monthly.
SGOV
SGOV tracks an index of 0-3 month T-bills. Over the year to Oct 27, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.09% a year.
Questions people ask
- Are JEPI and SGOV in the same category?
- JEPI is an option-income ETF and SGOV is a bond ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, JEPI or SGOV?
- In the year to Oct 27, 2026, with distributions reinvested, JEPI returned +7.6% and SGOV +3.7%.
- Which is cheaper, JEPI or SGOV?
- SGOV is cheaper, by 0.26 percentage points a year. That is about $26 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, JEPI against SGOV, data as of Oct 27, 2026. https://etfiq.com/compare/any/jepi-vs-sgov
ETFIQ. (Oct 27, 2026). JEPI against SGOV. Retrieved from https://etfiq.com/compare/any/jepi-vs-sgov
[JEPI against SGOV (ETFIQ, Oct 27, 2026)](https://etfiq.com/compare/any/jepi-vs-sgov)
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