Are JEPQ and SGOV in the same category?

JEPQ 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, JEPQ or SGOV?

In the year to Oct 28, 2026, with distributions reinvested, JEPQ returned +14.2% and SGOV +3.7%.

Which is cheaper, JEPQ 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.

Data as of Oct 28, 2026.

Across categories

JEPQ vs SGOV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, JEPQ returned +14.2% to SGOV's +3.7%, and SGOV charges 0.09% to JEPQ's 0.35%.

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Net assets: $44.2bn on Oct 28, 2026 for JPMorgan Nasdaq Equity Premium Income ETF, and $117.0bn on Oct 27, 2026 for iShares 0-3 Month Treasury Bond ETF.

JEPQ on its own →SGOV on its own →

At a glance

+14.2%

JEPQ total return, 1 year

+3.7%

SGOV total return, 1 year

0.35%

JEPQ expense ratio

0.09%

SGOV expense ratio

Pair scorecard

SGOV costs 0.26 points a year less; their one-year returns differ by 10.5 points; SGOV is 2.7 times larger.

JEPQ vs SGOV: Differences, Returns & Fees
Measure	JEPQ	SGOV
Return
Measure	JEPQ	SGOV
Total return, 1 year	+14.2%	+3.7%
Price change, 1 year	rose 1.6%	rose 0.0%
Latest payout, annualized	11.3%
Against its benchmark
Measure	JEPQ	SGOV
What it tracks	Benchmark: Nasdaq-100, measured through QQQ	ICE 0-3 Month US Treasury Securities Index
Against its benchmark, same days	behind by 1.0 pts
Cost and size
Measure	JEPQ	SGOV
Expense ratio	0.35%	0.09%
Net assets, as of Oct 27, 2026	$43.8bn	$117.0bn
Holdings
Measure	JEPQ	SGOV
Holdings in common	0%

Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method

Risk and return

May 13, 2022 to Oct 23, 2026 · 232 weekly returns

JEPQ SGOV

Return

Total return edge JEPQ +98.5% +20.6%

Annualized edge JEPQ +16.6% +4.3%

Price return edge JEPQ +21.0% +0.6%

Risk

Volatility edge SGOV 15.6% 0.2%

Max drawdown edge SGOV −18.5% 0.0%

Risk-adjusted

Sharpe edge JEPQ 0.78 −1.01

Sortino edge JEPQ 1.15 −1.18

Calmar 0.90 Not measured

Reading

JEPQ returned more: +98.5% to +20.6%. SGOV swung less: 0.2% to 15.6%. SGOV fell less at its worst: 0.0% to −18.5%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: JEPQ vs SGOV: Differences, Returns & Fees
Measure	JEPQ	SGOV	Edge	How it is measured
Return
Total return	+98.5%	+20.6%	JEPQ	Price change plus distributions, reinvested.
Annualized	+16.6%	+4.3%	JEPQ	Total return as a yearly rate.
Price return	+21.0%	+0.6%	JEPQ	Price change alone, distributions left out.
Risk
Volatility	15.6%	0.2%	SGOV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	10.6%	0.1%	SGOV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−18.5%	0.0%	SGOV	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.78	−1.01	JEPQ	Return above Treasury bills per unit of volatility.
Sortino	1.15	−1.18	JEPQ	Return above Treasury bills per unit of downside deviation.
Calmar	0.90	Not measured		Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 232 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, JEPQ and SGOV hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first JEPQ SGOV

Only in one fund ↓

Only in JEPQ

NVIDIA CORP COMMON STOCK 7.02%

APPLE INC COMMON STOCK 6.66%

MICROSOFT CORP COMMON 5.44%

MICRON TECHNOLOGY INC 4.58%

ALPHABET INC-CL C 4.51%

AMAZON.COM INC COMMON 3.85%

ADVANCED MICRO DEVICES 3.77%

META PLATFORMS INC COMMON 2.53%

Only in SGOV

TREASURY BILL 8.53%

TREASURY BILL 8.19%

TREASURY BILL 7.63%

TREASURY BILL 6.87%

TREASURY BILL 6.80%

TREASURY BILL 6.00%

TREASURY BILL 5.22%

Check overlap with more funds →

Side by side

JEPQ JPMorgan Nasdaq Equity Premium Income ETF SGOV iShares 0-3 Month Treasury Bond ETF

Where it sits Income ETF Bond ETF

Issuer JPMorgan iShares

What it is covered call, vs QQQ Tracks an index of 0-3 month T-bills

Total return, 1 year +14.2% +3.7%

Its benchmark over the same days +15.2% (QQQ) not measured

Gap to its benchmark −1.0 pts vs QQQ not measured

Cash paid, 1 year 11.6% not an income fund

Expense ratio 0.35% 0.09%

Holdings not read by ETFIQ 22

Net assets, JEPQ as of Oct 28, 2026 and SGOV as of Oct 27, 2026 $44.2bn $117.0bn

JEPQ and SGOV 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.

Client brief · page 1 of 2 Report BR-744B9D507E

JEPQ and SGOV do different jobs. What does each one do in a portfolio?

What each follows. JEPQ is measured against Nasdaq-100 through QQQ 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 28, 2026 and Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 JEPQ returned +14.2% and SGOV +3.7% with distributions reinvested, a gap of 10.5 points.

Data as of Oct 28, 2026.

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About each fund

JEPQ

Over the year to Oct 28, 2026, JEPQ paid 11.6% of its starting value in cash distributions while its price rose 1.6%. With every distribution reinvested, the fund returned +14.2%. Nasdaq-100 (QQQ) returned +15.2% over the same days, so a holder was behind by 1.0 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 11.3%, paid monthly.

SGOV

SGOV tracks an index of 0-3 month T-bills. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.09% a year.

Questions people ask

Are JEPQ and SGOV in the same category?: JEPQ 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, JEPQ or SGOV?: In the year to Oct 28, 2026, with distributions reinvested, JEPQ returned +14.2% and SGOV +3.7%.
Which is cheaper, JEPQ 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.

Other comparisons

JEPQ vs SCHG JEPQ vs VTI JEPQ vs SPY JEPQ vs VOO QQQI vs SGOV JEPI vs SGOV HIGH vs SGOV CSHI vs SGOV

Where to next

Nasdaq-100 (QQQ) →JEPQ on its own →SGOV on its own →Hold both: look the portfolio through →Rankings →JEPQ dividend history →JEPQ holdings →SGOV dividend history →SGOV holdings →Standards and sources →

Sources and dates

JEPQ filings on SEC EDGAR ↗

JEPQ prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

SGOV filings on SEC EDGAR ↗

SGOV prospectus with the expense ratio (SEC) ↗

iShares page for SGOV ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, JEPQ against SGOV, data as of Oct 28, 2026. https://etfiq.com/compare/any/jepq-vs-sgov

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.