Data as of . Every figure is the income desk's own, on published data.
JEPQ vs QQQI
What they hold in common
By the books each fund has filed, JEPQ and QQQI hold 70% of their money in the same securities at the same weight.
| Holding | JEPQ | QQQI |
|---|---|---|
| NVIDIA Corp. | 6.68% | 7.66% |
| Apple, Inc. | 5.83% | 6.63% |
| Micron Technology, Inc. | 5.58% | 5.61% |
| Microsoft Corp. | 3.90% | 4.38% |
| Advanced Micro Devices, Inc. | 3.87% | 4.12% |
| Amazon.com, Inc. | 3.67% | 4.05% |
| Alphabet, Inc. | 5.05% | 3.07% |
| Tesla, Inc. | 2.39% | 3.35% |
| Meta Platforms, Inc. | 2.38% | 2.65% |
| Lam Research Corp. | 2.89% | 2.37% |
| Broadcom, Inc. | 2.16% | 2.82% |
| Walmart, Inc. | 1.79% | 2.36% |
| Only in JEPQ | Only in QQQI |
|---|---|
| Seagate Technology Holdings plc 1.93% | Alphabet Inc 3.32% |
| Citigroup Global Markets Holdings, Inc. 1.14% | Linde PLC 1.05% |
| Toronto-Dominion Bank (The) 1.14% | Seagate Technology Holdings PL 0.92% |
| BNP Paribas Issuance BV 1.14% | ASML Holding NV 0.76% |
| Royal Bank of Canada 1.13% | Fortinet Inc 0.50% |
| ASML Holding NV 1.13% | Cadence Design Systems Inc 0.45% |
| BNP Paribas Issuance BV 1.13% | Automatic Data Processing Inc 0.40% |
| Royal Bank of Canada 1.13% | American Electric Power Co Inc 0.33% |
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 | |||
|---|---|---|---|---|---|---|
| JEPQ | QQQI | JEPQ | QQQI | JEPQ | QQQI | |
| 3 months | +5.2% | +2.9% | 3.4% | 3.5% | +3.1 pts | +0.8 pts |
| 6 months | +12.2% | +13.4% | 6.6% | 7.4% | −8.0 pts | −6.8 pts |
| 1 year | +20.7% | +18.7% | 12.2% | 14.4% | −4.9 pts | −6.9 pts |
| 3 years | +70.7% | n/a | 36.9% | n/a | −22.8 pts | n/a |
| Since launch | +90.5% | +58.8% | 49.2% | 38.6% | −33.5 pts | −12.6 pts |
| JEPQ JPMorgan Nasdaq Equity Premium Income ETF | QQQI NEOS Nasdaq-100(R) High Income ETF | |
|---|---|---|
| Issuer | JPMorgan | NEOS |
| Strategy | covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ) | Nasdaq-100 (QQQ) |
| Pays | monthly | monthly |
| Payout rate, annualised | 13.7% | 14.3% |
| Expense ratio | 0.35% | 0.68% |
| Cash paid, 1 year | 12.2% | 14.4% |
| Price change, 1 year | +7.6% | +3.1% |
| Total return, 1 year | +20.7% | +18.7% |
| Benchmark return, 1 year | +25.6% | +25.6% |
| Ahead or behind | −4.9 pts | −6.9 pts |
| Return of capital, latest estimate | not published | 98% |
| Age | 1584 days | 948 days |
JEPQ in plain words
Over the year to Sep 4, 2026, JEPQ paid 12.2% of its starting value in cash distributions while its price rose 7.6%. With every distribution reinvested, the fund returned +20.7%. Nasdaq-100 (QQQ) returned +25.6% over the same days, so a holder was behind by 4.9 pts. At its price on Sep 4, 2026 the latest distribution annualises to 13.7%, 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, JEPQ or QQQI?
- Over the year to Sep 4, 2026, JEPQ paid 12.2% 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, JEPQ or QQQI?
- With every distribution reinvested, JEPQ returned +20.7% and QQQI returned +18.7% over the year to Sep 4, 2026, so JEPQ returned more.
- Which is cheaper, JEPQ or QQQI?
- JEPQ charges 0.35% a year and QQQI charges 0.68%, so JEPQ 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, JEPQ against QQQI, data as of Sep 4, 2026. https://etfiq.com/compare/income/JEPQ-QQQI.html Free to use with attribution; the underlying files are at Open data.