Which paid more, AIPI or JEPQ?

Over the year to Nov 4, 2026, AIPI paid 29.2% of its starting price in cash and JEPQ paid 11.9%, so AIPI paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, AIPI or JEPQ?

With every distribution reinvested, AIPI returned +5.3% and JEPQ +10.4% over the year to Nov 4, 2026.

Which is cheaper, AIPI or JEPQ?

AIPI charges 0.65% a year and JEPQ charges 0.35%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

AIPI vs JEPQ: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, AIPI paid 29.2% of its price in cash against JEPQ’s 11.9%, though JEPQ returned more with it reinvested.

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Net assets on Nov 3, 2026: $446m for REX AI EQUITY PREMIUM INCOME ETF and $42.1bn for JPMorgan Nasdaq Equity Premium Income ETF.

AIPI on its own →JEPQ on its own →

At a glance

29.2%

AIPI cash paid, 1 year

11.9%

JEPQ cash paid, 1 year

+5.3%

AIPI total return, 1 year

+10.4%

JEPQ total return, 1 year

AIPI · 1 year to Nov 4, 2026 Not measured

AIPI

+5.3%

none

Not measured

AIPI over 1 year: paid 29.2%, price −24.8%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.

AIPI

+5.3%

29.2% of it arrived as cash

Total return, distributions reinvested

Not measured

AIPI over 1 year: paid 29.2%, price −24.8%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.

AIPI

+5.3%

29.2% of it arrived as cash. Total return, distributions reinvested. AIPI over 1 year: paid 29.2%, price −24.8%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

JEPQ · 1 year to Nov 4, 2026 1.9 pts behind QQQ

JEPQ

+10.4%

QQQ

+12.3%

1.9 pts behind QQQ

JEPQ over 1 year: paid 11.9%, price −1.9%, total +10.4%, QQQ +12.3%, −1.9 pts. Data to Nov 4, 2026.

QQQ

+12.3%

JEPQ

+10.4%

11.9% of it arrived as cash

1.9 pts behind QQQ

Total return, distributions reinvested

1.9 pts behind QQQ

JEPQ over 1 year: paid 11.9%, price −1.9%, total +10.4%, QQQ +12.3%, −1.9 pts. Data to Nov 4, 2026.

QQQ

+12.3%

JEPQ

+10.4%

11.9% as cash

1.9 pts behind QQQ

11.9% of it arrived as cash. Both charts share one scale, with zero at the line. JEPQ over 1 year: paid 11.9%, price −1.9%, total +10.4%, QQQ +12.3%, −1.9 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

JEPQ costs 0.30 points a year less; their one-year returns differ by 5.1 points; JEPQ is far larger, $42.1bn against $446m.

Points (pts) are percentage points.

AIPI vs JEPQ: Dividend Yield & Total Return
Measure	AIPI	JEPQ
Paid and earned
Measure	AIPI	JEPQ
Total return, 1 year	+5.3%	+10.4%
Price change, 1 year	fell 24.8%	fell 1.9%
Return of capital, issuer estimate	100% of the Oct 22, 2026 payment
Against its benchmark
Measure	AIPI	JEPQ
Benchmark	not published	Nasdaq-100, measured through QQQ
Cost and size
Measure	AIPI	JEPQ
Expense ratio	0.65%	0.35%
Net assets, as of Nov 3, 2026	$446m	$42.1bn
Holdings
Measure	AIPI	JEPQ
Holdings in common	37%

Method

Risk and return

Jun 14, 2024 to Oct 30, 2026 · 124 weekly returns

AIPI JEPQ

Return

Total return edge AIPI (slight) +39.6% +35.7%

Annualized edge AIPI (slight) +15.0% +13.7%

Price return edge JEPQ −37.2% +4.3%

Risk

Volatility edge JEPQ 21.4% 14.8%

Max drawdown edge JEPQ −24.9% −18.5%

Risk-adjusted

Sharpe edge JEPQ 0.57 0.66

Sortino edge JEPQ 0.80 0.94

Calmar edge JEPQ 0.60 0.74

Reading

From Jun 2024 to Oct 2026, AIPI returned slightly more: +39.6% to +35.7%. JEPQ swung less: 14.8% to 21.4%. JEPQ fell less at its worst: −18.5% to −24.9%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: AIPI vs JEPQ: Dividend Yield & Total Return
Measure	AIPI	JEPQ	Edge	How it is measured
Return
Total return	+39.6%	+35.7%	AIPI (slight)	Price change plus distributions, reinvested.
Annualized	+15.0%	+13.7%	AIPI (slight)	Total return as a yearly rate.
Price return	−37.2%	+4.3%	JEPQ	Price change alone, distributions left out.
Risk
Volatility	21.4%	14.8%	JEPQ	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	15.1%	10.3%	JEPQ	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−24.9%	−18.5%	JEPQ	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.57	0.66	JEPQ	Return above Treasury bills per unit of volatility.
Sortino	0.80	0.94	JEPQ	Return above Treasury bills per unit of downside deviation.
Calmar	0.60	0.74	JEPQ	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 124 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

37%

By the books each fund has filed, AIPI and JEPQ hold 37% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

37% in common

Positions both hold · largest shared weight first AIPI JEPQ

NVIDIA CORPORATION 9.86% 7.09%

MICRON TECHNOLOGY, INC. 3.28% 4.19%

MICROSOFT CORPORATION 3.04% 5.61%

APPLE INC. 3.03% 6.76%

ADVANCED MICRO DEVICES, INC. 2.92% 3.31%

ALPHABET INC. 2.87% 4.10%

AMAZON.COM, INC. 2.84% 3.98%

META PLATFORMS, INC. 2.90% 2.70%

BROADCOM INC. 2.60% 1.95%

PALO ALTO NETWORKS, INC. 3.15% 1.28%

PALANTIR TECHNOLOGIES INC. 10.84% 1.25%

CISCO SYSTEMS, INC. 2.73% 1.17%

Only in one fund ↓

Only in AIPI

ARM Holdings PLC 5.82%

SALESFORCE, INC. 4.01%

SUPER MICRO COMPUTER, INC. 3.59%

ARISTA NETWORKS, INC. 3.11%

INTERNATIONAL BUSINESS MACHINES CORPORATION 2.96%

IonQ, Inc. 2.65%

Only in JEPQ

TESLA INC COMMON STOCK 2.40%

WALMART INC COMMON STOCK 2.03%

SPACE EXPLORATION TECHNOLOGIES CORP 1.61%

LAM RESEARCH CORP COMMON 1.58%

COSTCO WHOLESALE CORP 1.29%

ANALOG DEVICES INC 1.20%

SEAGATE TECHNOLOGY 1.20%

Nasdaq-100 equity-linked note 12 1.17%

Check overlap with more funds →

Side by side

AIPI REX AI EQUITY PREMIUM INCOME ETF · Covered call, paying weekly JEPQ JPMorgan Nasdaq Equity Premium Income ETF · Writes calls through equity-linked notes (ELNs) on the Nasdaq-100, paying monthly

Issuer REX JPMorgan

Strategy covered call covered call

Benchmark none Nasdaq-100 (QQQ)

Pays weekly monthly

Payout rate, annualized 35.0% 11.3%

Expense ratio 0.65% 0.35%

Cash paid, 1 year 29.2% 11.9%

Price change, 1 year −24.8% −1.9%

Total return, 1 year +5.3% +10.4%

Benchmark return, 1 year not published +12.3%

Ahead or behind not available −1.9 pts

Return of capital, latest estimate 100% not published

Age 2.4 years 4.5 years

Net assets, as of Nov 3, 2026 $446m $42.1bn

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: AIPI vs JEPQ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	AIPI	JEPQ	AIPI	JEPQ	AIPI	JEPQ
3 months	−3.8%	−0.9%	8.7%	3.0%	not measured	+2.6 pts
6 months	+4.5%	+2.3%	16.2%	6.2%	not measured	+2.6 pts
1 year	+5.3%	+10.4%	29.2%	11.9%	not measured	−1.8 pts
3 years	–	+66.7%	–	38.3%	–	−24.7 pts
Since launchNot the same days: AIPI Jun 2024 · JEPQ May 2022	+42.9%	+85.2%	67.5%	51.4%	not measured	−30.6 pts

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Alert

About each fund

AIPI

Over the year to Nov 4, 2026, AIPI paid 29.2% of its starting value in cash distributions while its price fell 24.8%. With every distribution reinvested, the fund returned +5.3%. At its price on Nov 4, 2026 the latest distribution annualizes to 35.0%, paid weekly. REX estimates that 100% of the distribution paid Oct 22, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

JEPQ

Over the year to Nov 4, 2026, JEPQ paid 11.9% of its starting value in cash distributions while its price fell 1.9%. With every distribution reinvested, the fund returned +10.4%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 1.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.3%, paid monthly.

Questions people ask

Which paid more, AIPI or JEPQ?: Over the year to Nov 4, 2026, AIPI paid 29.2% of its starting price in cash and JEPQ paid 11.9%, so AIPI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, AIPI or JEPQ?: With every distribution reinvested, AIPI returned +5.3% and JEPQ +10.4% over the year to Nov 4, 2026.
Which is cheaper, AIPI or JEPQ?: AIPI charges 0.65% a year and JEPQ charges 0.35%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

AIPI vs GPIQ AIPI vs QQQI AIPI vs QYLD AIPI vs QDTE JEPQ vs OVL JEPQ vs KHPI JEPQ vs PAPI JEPQ vs DUBS

Where to next

Nasdaq-100 (QQQ) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →AIPI on its own →JEPQ on its own →AIPI dividend history →AIPI holdings →JEPQ dividend history →JEPQ holdings →Method →Standards and sources →

Sources and dates

AIPI filings on SEC EDGAR ↗

AIPI prospectus with the expense ratio (SEC) ↗

AIPI 19a-1 distribution notice ↗

REX page for AIPI ↗

JEPQ filings on SEC EDGAR ↗

JEPQ prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

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.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, AIPI against JEPQ, data as of Nov 4, 2026. https://etfiq.com/compare/income/aipi-vs-jepq

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