Data as of . Every figure is the income desk's own, on published data.
JEPQ vs YMAX
What they hold in common
By the books each fund has filed, JEPQ and YMAX hold 0% of their money in the same securities at the same weight.
| Only in JEPQ | Only in YMAX |
|---|---|
| NVIDIA Corp. 6.68% | YieldMax AMD Option Income Strategy ETF 6.95% |
| Apple, Inc. 5.83% | Yieldmax Amzn Option Income ETF 5.36% |
| Micron Technology, Inc. 5.58% | Yieldmax Tsm Option Income Strategy ETF 5.01% |
| Alphabet, Inc. 5.05% | YieldMax Crypto Industry & Tec 4.99% |
| Microsoft Corp. 3.90% | YieldMax GOOGL Option Income S 4.88% |
| Advanced Micro Devices, Inc. 3.87% | YieldMax MARA Option Income Strategy ETF 4.80% |
| Amazon.com, Inc. 3.67% | YieldMax AI & Tech Portfolio Option Inco 4.72% |
| Lam Research Corp. 2.89% | YieldMax Semiconductor Portfolio Option 4.66% |
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 | |||
|---|---|---|---|---|---|---|
| JEPQ | YMAX | JEPQ | YMAX | JEPQ | YMAX | |
| 3 months | +5.2% | +7.1% | 3.4% | 10.9% | +3.1 pts | +2.4 pts |
| 6 months | +12.2% | +18.0% | 6.6% | 24.4% | −8.0 pts | +2.8 pts |
| 1 year | +20.7% | +3.5% | 12.2% | 40.0% | −4.9 pts | −16.5 pts |
| 3 years | +70.7% | n/a | 36.9% | n/a | −22.8 pts | n/a |
| Since launch | +90.5% | +44.0% | 49.2% | 91.0% | −33.5 pts | −24.0 pts |
| JEPQ JPMorgan Nasdaq Equity Premium Income ETF | YMAX YieldMax(R) Universe Fund of Option Income ETFs | |
|---|---|---|
| Issuer | JPMorgan | YieldMax |
| Strategy | covered call | synthetic covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | weekly |
| Payout rate, annualised | 13.7% | 40.6% |
| Expense ratio | 0.35% | 1.33% |
| Cash paid, 1 year | 12.2% | 40.0% |
| Price change, 1 year | +7.6% | −38.7% |
| Total return, 1 year | +20.7% | +3.5% |
| Benchmark return, 1 year | +25.6% | +20.0% |
| Ahead or behind | −4.9 pts | −16.5 pts |
| Return of capital, latest estimate | not published | 43% |
| Age | 1584 days | 961 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.
YMAX in plain words
Over the year to Sep 4, 2026, YMAX paid 40.0% of its starting value in cash distributions while its price fell 38.7%. With every distribution reinvested, the fund returned +3.5%. S&P 500 (SPY), used as a default proxy returned +20.0% over the same days, so a holder was behind by 16.5 pts. At its price on Sep 4, 2026 the latest distribution annualises to 40.6%, paid weekly. YieldMax estimates that 43% of the distribution paid Sep 3, 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 YMAX?
- Over the year to Sep 4, 2026, JEPQ paid 12.2% of its starting price in cash and YMAX paid 40.0%, so YMAX 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 YMAX?
- With every distribution reinvested, JEPQ returned +20.7% and YMAX returned +3.5% over the year to Sep 4, 2026, so JEPQ returned more.
- Which is cheaper, JEPQ or YMAX?
- JEPQ charges 0.35% a year and YMAX charges 1.33%, 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 YMAX, data as of Sep 4, 2026. https://etfiq.com/compare/income/JEPQ-YMAX.html Free to use with attribution; the underlying files are at Open data.