Data as of . Every figure is the income desk's own, on published data.
JEPI vs MSFO
What they hold in common
By the books each fund has filed, JEPI and MSFO hold 0% of their money in the same securities at the same weight.
| Only in JEPI | Only in MSFO |
|---|---|
| AbbVie, Inc. 1.74% | TREASURY BILL 32.44% |
| Howmet Aerospace, Inc. 1.70% | TREASURY BILL 31.42% |
| Johnson & Johnson 1.68% | TREASURY BILL 14.95% |
| Eaton Corp. plc 1.64% | TREASURY BILL 12.47% |
| Trane Technologies plc 1.62% | TREASURY BILL 8.72% |
| Lam Research Corp. 1.57% | |
| NVIDIA Corp. 1.53% | |
| Apple, Inc. 1.53% |
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 Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| JEPI | MSFO | JEPI | MSFO | JEPI | MSFO | |
| 3 months | +5.1% | +16.0% | 2.0% | 11.2% | +0.4 pts | −4.2 pts |
| 6 months | +2.7% | +18.9% | 4.1% | 20.6% | −12.4 pts | −3.8 pts |
| 1 year | +9.2% | +0.3% | 8.1% | 27.9% | −10.7 pts | +1.1 pts |
| 3 years | +31.9% | +51.3% | 24.6% | 78.8% | −46.0 pts | −2.1 pts |
| Since launch | +96.0% | +55.5% | 60.9% | 81.0% | −89.0 pts | −2.8 pts |
| JEPI JPMorgan Equity Premium Income ETF | MSFO YieldMax(R) MSFT Option Income Strategy ETF | |
|---|---|---|
| Issuer | JPMorgan | YieldMax |
| Strategy | covered call | synthetic covered call |
| Benchmark | S&P 500 (SPY) | Microsoft (MSFT) |
| Pays | monthly | weekly |
| Payout rate, annualised | 7.8% | 41.2% |
| Expense ratio | 0.35% | 1.03% |
| Cash paid, 1 year | 8.1% | 27.9% |
| Price change, 1 year | +0.8% | −30.3% |
| Total return, 1 year | +9.2% | +0.3% |
| Benchmark return, 1 year | +20.0% | −0.8% |
| Ahead or behind | −10.7 pts | +1.1 pts |
| Return of capital, latest estimate | not published | 95% |
| Age | 2297 days | 1106 days |
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.
MSFO in plain words
Over the year to Sep 4, 2026, MSFO paid 27.9% of its starting value in cash distributions while its price fell 30.3%. With every distribution reinvested, the fund returned +0.3%. Microsoft (MSFT) returned −0.8% over the same days, so a holder was ahead by 1.1 pts. At its price on Sep 4, 2026 the latest distribution annualises to 41.2%, paid weekly. YieldMax estimates that 95% of the distribution paid Sep 4, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
Questions people ask
- Which paid more, JEPI or MSFO?
- Over the year to Sep 4, 2026, JEPI paid 8.1% of its starting price in cash and MSFO paid 27.9%, so MSFO paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, JEPI or MSFO?
- With every distribution reinvested, JEPI returned +9.2% and MSFO returned +0.3% over the year to Sep 4, 2026, so JEPI returned more.
- Which is cheaper, JEPI or MSFO?
- JEPI charges 0.35% a year and MSFO charges 1.03%, so JEPI is cheaper. Fees come from each fund's prospectus.
Other comparisons
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 MSFO, data as of Sep 4, 2026. https://etfiq.com/compare/income/JEPI-MSFO.html Free to use with attribution; the underlying files are at Open data.