Data as of Oct 27, 2026.
APLY vs JEPI: Dividend Yield & Total Return
Over the year to Oct 27, 2026, APLY paid 28.7% of its price in cash against JEPI’s 7.9%, and returned more with it reinvested.
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Net assets on Oct 26, 2026: $111m for YieldMax AAPL Option Income Strategy ETF and $45.8bn for JPMorgan Equity Premium Income ETF.
10.6 pts behind AAPL
APLY over 1 year: paid 28.7%, price −13.6%, total +19.0%, AAPL +29.6%, −10.6 pts. Data to Oct 27, 2026.
AAPL
+29.6%
APLY
+19.0%
28.7% of it arrived as cash
10.6 pts behind AAPL
Total return, distributions reinvested
10.6 pts behind AAPL
APLY over 1 year: paid 28.7%, price −13.6%, total +19.0%, AAPL +29.6%, −10.6 pts. Data to Oct 27, 2026.
AAPL
+29.6%
APLY
+19.0%
28.7% cash
10.6 pts behind AAPL
28.7% of it arrived as cash. Total return, distributions reinvested. APLY over 1 year: paid 28.7%, price −13.6%, total +19.0%, AAPL +29.6%, −10.6 pts. Data to Oct 27, 2026.
Data to Oct 27, 2026.5.9 pts behind SPY
JEPI over 1 year: paid 7.9%, price −0.6%, total +7.6%, SPY +13.5%, −5.9 pts. Data to Oct 27, 2026.
SPY
+13.5%
JEPI
+7.6%
7.9% as cash
5.9 pts behind SPY
Total return, distributions reinvested
5.9 pts behind SPY
JEPI over 1 year: paid 7.9%, price −0.6%, total +7.6%, SPY +13.5%, −5.9 pts. Data to Oct 27, 2026.
SPY
+13.5%
JEPI
+7.6%
5.9 pts behind SPY
7.9% of it arrived as cash. Both charts share one scale, with zero at the line. JEPI over 1 year: paid 7.9%, price −0.6%, total +7.6%, SPY +13.5%, −5.9 pts. Data to Oct 27, 2026.
Data to Oct 27, 2026.Pair scorecard
JEPI costs 0.69 points a year less; their one-year returns differ by 11.4 points; JEPI is far larger, $45.8bn against $111m.
Points (pts) are percentage points.
| Measure | APLY | JEPI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +19.0% | +7.6% |
| Price change, 1 year | fell 13.6% | fell 0.6% |
| Return of capital, issuer estimate | 87% of the Oct 23, 2026 payment | |
| Against its benchmark | ||
| Benchmark | Apple (AAPL) | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 1.04% | 0.35% |
| Net assets, as of Oct 26, 2026 | $111m | $45.8bn |
| Holdings | ||
| Holdings in common | 0% | |
APLY among the 74 income ETFs writing on a single company
How much of its payouts the fund's total return covered, ranked against 74 income ETFs writing on a single company and 165 income ETFs not writing on a single company. 100 is best. How it is computed
JEPI among the 165 income ETFs not writing on a single company
A percentile among the 74 income ETFs writing on a single company. JEPI is a percentile among the 165 income ETFs not writing on a single company, a different set, so the two marks are not on one scale. One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →
Holdings in common uses holdings dated Oct 26, 2026. Method
Risk and return
Apr 28, 2023 to Oct 23, 2026 · 182 weekly returnsEach against its own benchmark: APLY against AAPL, Apr 28, 2023 to Oct 23, 2026; JEPI against SPY, May 29, 2020 to Oct 23, 2026.
APLY returned more: +61.3% to +35.3%. JEPI swung less: 8.9% to 21.0%. JEPI fell less at its worst: −11.5% to −24.1%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | APLY | JEPI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +61.3% | +35.3% | APLY | Price change plus distributions, reinvested. |
| Annualized | +14.6% | +9.0% | APLY | Total return as a yearly rate. |
| Price return | −41.2% | +2.6% | JEPI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.0% | 8.9% | JEPI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.5% | 6.4% | JEPI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −24.1% | −11.5% | JEPI | Deepest fall from a high to the low after it. |
| Upside capture | 66.1% | 42.2% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 91.8% | 59.6% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.78 | 0.57 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.94 | 0.75 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.54 | 0.50 | APLY (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.73 | 0.70 | APLY (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.145 | 0.133 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.61 | 0.78 | JEPI | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | AAPL | SPY | The ETF each fund is measured against. | |
| Alpha | −4.1% a year | −0.3% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.45 | −0.15 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −9.7% to +1.5% | −4.4% to +3.8% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −1.09 | −0.73 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 7.8% | 8.7% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 182 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, APLY and JEPI hold 0% of their money in the same securities at the same weight. Holdings dated Oct 26, 2026.
half
0% in common
Only in one fund ↓
Side by side
As of Oct 27, 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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | APLY | JEPI | APLY | JEPI | APLY | JEPI |
| 3 months | 0.0% | +1.5% | 6.7% | 1.9% | −2.2 pts | −2.7 pts |
| 6 months | +18.7% | +4.3% | 17.4% | 4.0% | −9.7 pts | −4.4 pts |
| 1 year | +19.0% | +7.6% | 28.7% | 7.9% | −10.7 pts | −5.9 pts |
| 3 years | +63.8% | +40.9% | 73.1% | 26.3% | −45.4 pts | −53.4 pts |
| Since launchNot the same days: APLY Apr 2023 · JEPI May 2020 | +62.8% | +97.2% | 76.2% | 61.5% | −49.1 pts | −88.2 pts |
APLY and JEPI are built for the same job. How do they differ in cost, holdings and results?
- Income paid. APLY paid 28.7% and JEPI 7.9% (cash paid over 1 year, as a share of its price at the start), a gap of 20.8 points.
- What each is measured against. APLY is measured against Apple (AAPL) and JEPI against S&P 500 through SPY.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 26, 2026).
Data as of Oct 27, 2026.
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APLY
Over the year to Oct 27, 2026, APLY paid 28.7% of its starting value in cash distributions while its price fell 13.6%. With every distribution reinvested, the fund returned +19.0%. Apple (AAPL) returned +29.6% over the same days, so a holder was behind by 10.6 pts. At its price on Oct 27, 2026 the latest distribution annualizes to 20.8%, paid weekly. YieldMax estimates that 87% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
JEPI
Over the year to Oct 27, 2026, JEPI paid 7.9% of its starting value in cash distributions while its price fell 0.6%. With every distribution reinvested, the fund returned +7.6%. S&P 500 (SPY) returned +13.5% over the same days, so a holder was behind by 5.9 pts. At its price on Oct 27, 2026 the latest distribution annualizes to 7.2%, paid monthly.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, APLY against JEPI, data as of Oct 27, 2026. https://etfiq.com/compare/income/aply-vs-jepi
ETFIQ. (Oct 27, 2026). APLY against JEPI. Retrieved from https://etfiq.com/compare/income/aply-vs-jepi
[APLY against JEPI (ETFIQ, Oct 27, 2026)](https://etfiq.com/compare/income/aply-vs-jepi)
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