Data as of . Every figure is the income desk's own, on published data.
JEPI vs QQQI
What they hold in common
By the books each fund has filed, JEPI and QQQI hold 21% of their money in the same securities at the same weight.
| Holding | JEPI | QQQI |
|---|---|---|
| Lam Research Corp. | 1.57% | 2.37% |
| Apple, Inc. | 1.53% | 6.63% |
| NVIDIA Corp. | 1.53% | 7.66% |
| Alphabet, Inc. | 1.52% | 3.32% |
| Amazon.com, Inc. | 1.48% | 4.05% |
| Broadcom, Inc. | 1.33% | 2.82% |
| Microsoft Corp. | 1.30% | 4.38% |
| Meta Platforms, Inc. | 1.22% | 2.65% |
| Costco Wholesale Corp. | 1.12% | 1.77% |
| Walmart, Inc. | 0.92% | 2.36% |
| Analog Devices, Inc. | 1.11% | 0.85% |
| PepsiCo, Inc. | 1.21% | 0.81% |
| Only in JEPI | Only in QQQI |
|---|---|
| AbbVie, Inc. 1.74% | Micron Technology Inc 5.61% |
| Howmet Aerospace, Inc. 1.70% | Tesla Inc 3.35% |
| Johnson & Johnson 1.68% | Alphabet Inc 3.07% |
| Eaton Corp. plc 1.64% | Intel Corp 2.99% |
| Trane Technologies plc 1.62% | Applied Materials Inc 2.51% |
| NextEra Energy, Inc. 1.50% | Cisco Systems Inc 1.97% |
| EOG Resources, Inc. 1.46% | KLA Corp 1.69% |
| 3M Co. 1.43% | Sandisk Corp 1.43% |
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.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| JEPI | QQQI | JEPI | QQQI | JEPI | QQQI | |
| 3 months | +5.1% | +2.9% | 2.0% | 3.5% | +0.4 pts | +0.8 pts |
| 6 months | +2.7% | +13.4% | 4.1% | 7.4% | −12.4 pts | −6.8 pts |
| 1 year | +9.2% | +18.7% | 8.1% | 14.4% | −10.7 pts | −6.9 pts |
| 3 years | +31.9% | n/a | 24.6% | n/a | −46.0 pts | n/a |
| Since launch | +96.0% | +58.8% | 60.9% | 38.6% | −89.0 pts | −12.6 pts |
| JEPI JPMorgan Equity Premium Income ETF | QQQI NEOS Nasdaq-100(R) High Income ETF | |
|---|---|---|
| Issuer | JPMorgan | NEOS |
| Strategy | covered call | covered call |
| Benchmark | S&P 500 (SPY) | Nasdaq-100 (QQQ) |
| Pays | monthly | monthly |
| Payout rate, annualised | 7.8% | 14.3% |
| Expense ratio | 0.35% | 0.68% |
| Cash paid, 1 year | 8.1% | 14.4% |
| Price change, 1 year | +0.8% | +3.1% |
| Total return, 1 year | +9.2% | +18.7% |
| Benchmark return, 1 year | +20.0% | +25.6% |
| Ahead or behind | −10.7 pts | −6.9 pts |
| Return of capital, latest estimate | not published | 98% |
| Age | 2297 days | 948 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.
QQQI in plain words
Over the year to Sep 4, 2026, QQQI paid 14.4% of its starting value in cash distributions while its price rose 3.1%. With every distribution reinvested, the fund returned +18.7%. Nasdaq-100 (QQQ) returned +25.6% over the same days, so a holder was behind by 6.9 pts. At its price on Sep 4, 2026 the latest distribution annualises to 14.3%, paid monthly. NEOS estimates that 98% of the distribution paid Jun 18, 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 QQQI?
- Over the year to Sep 4, 2026, JEPI paid 8.1% of its starting price in cash and QQQI paid 14.4%, so QQQI 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 QQQI?
- With every distribution reinvested, JEPI returned +9.2% and QQQI returned +18.7% over the year to Sep 4, 2026, so QQQI returned more.
- Which is cheaper, JEPI or QQQI?
- JEPI charges 0.35% a year and QQQI charges 0.68%, 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 QQQI, data as of Sep 4, 2026. https://etfiq.com/compare/income/JEPI-QQQI.html Free to use with attribution; the underlying files are at Open data.