Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

DDDD vs JEPQ: which paid, and which earned it?

DDDD and JEPQ both write options for income.

YieldMax(R) U.S. Stocks Target Double Distribution ETF and JPMorgan Nasdaq Equity Premium Income ETF.

1.6%DDDD cash paid, 1 year
11.9%JEPQ cash paid, 1 year
+8.7%DDDD total return, 1 year
+18.5%JEPQ total return, 1 year
DDDD6.5 pts behind SPY · since launch to Sep 18, 2026
SPY+15.3%DDDD+8.7%6.5 pts behind SPYTotal return, distributions reinvestedSPY+15.3%DDDD+8.7%6.5 pts behind SPY
JEPQ3.2 pts behind QQQ · 1 year to Sep 18, 2026
QQQ+21.8%JEPQ+18.5%11.9% of it arrived as cash3.2 pts behind QQQTotal return, distributions reinvestedQQQ+21.8%JEPQ+18.5%11.9% cash3.2 pts behind QQQ

What they hold in common

By the books each fund has filed, DDDD and JEPQ hold 3% of their money in the same securities at the same weight.

Positions DDDD and JEPQ both hold, largest shared weight first
HoldingDDDDJEPQ
Texas Instruments Inc3.32%0.85%
PepsiCo Inc3.50%0.67%
QUALCOMM Inc2.73%0.59%
Comcast Corp2.05%0.39%
Amgen Inc4.38%0.35%
Bristol-Myers Squibb Co3.27%0.20%
Coca-Cola Co/The4.30%0.18%
UnitedHealth Group Inc3.84%0.16%
United Parcel Service Inc1.88%0.06%
Only in each
Only in DDDDOnly in JEPQ
Merck & Co Inc 4.93%NVIDIA Corp. 6.68%
Abbott Laboratories 4.53%Apple, Inc. 5.83%
Chevron Corp 4.25%Micron Technology, Inc. 5.58%
ConocoPhillips 4.07%Alphabet, Inc. 5.05%
Procter & Gamble Co/The 4.01%Microsoft Corp. 3.90%
Verizon Communications Inc 3.96%Advanced Micro Devices, Inc. 3.87%
Home Depot Inc/The 3.68%Amazon.com, Inc. 3.67%
Altria Group Inc 2.94%Lam Research Corp. 2.89%

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 dated Jun 30, 2026 and Sep 21, 2026.

Performance, window by window

DDDD and JEPQ over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
DDDDJEPQDDDDJEPQDDDDJEPQ
3 months+4.9%+1.6%1.6%3.3%+2.6 pts+4.1 pts
6 months+10.5%+15.1%1.7%6.7%−7.6 pts−9.2 pts
1 yearnot published+18.5%not published11.9%not published−3.2 pts
3 yearsnot published+73.0%not published37.2%not published−25.1 pts
Since launch+8.7%+91.7%1.6%49.2%−6.5 pts−33.0 pts
Open the live comparison on ETFIQ
DDDD and JEPQ on the same fields, as of Sep 18, 2026. Source: ETFIQ.
DDDD
YieldMax(R) U.S. Stocks Target Double Distribution ETF
Synthetic covered call on SPY
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF
Covered call on QQQ, paying monthly
IssuerYieldMaxJPMorgan
Strategysynthetic covered callcovered call
BenchmarkS&P 500 (SPY)Nasdaq-100 (QQQ)
Paysnot establishedmonthly
Payout rate, annualized18.4%13.6%
Expense ratio1.01%0.35%
Cash paid, 1 year1.6% (since launch on Mar 12, 2026)11.9%
Price change, 1 year+7.0%+5.7%
Total return, 1 year+8.7% (since launch on Mar 12, 2026)+18.5%
Benchmark return, 1 year+15.3%+21.8%
Ahead or behind−6.5 pts−3.2 pts
Return of capital, latest estimate67%not published
Age190 days1598 days
Net assets$7m$43.0bn

DDDD in plain words

Over the period since launch on Mar 12, 2026 to Sep 18, 2026, DDDD paid 1.6% of its starting value in cash distributions while its price rose 7.0%. With every distribution reinvested, the fund returned +8.7%. S&P 500 (SPY) returned +15.3% over the same days, so a holder was behind by 6.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 18.4%, paid periodically. YieldMax estimates that 67% of the distribution paid Jul 6, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

JEPQ in plain words

Over the year to Sep 18, 2026, JEPQ paid 11.9% of its starting value in cash distributions while its price rose 5.7%. With every distribution reinvested, the fund returned +18.5%. Nasdaq-100 (QQQ) returned +21.8% over the same days, so a holder was behind by 3.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 13.6%, paid monthly.

Questions people ask

Which is cheaper, DDDD or JEPQ?
DDDD charges 1.01% a year and JEPQ charges 0.35%, 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.

DDDD against JEPQ, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, DDDD against JEPQ, data as of Sep 18, 2026. https://etfiq.com/compare/income/dddd-vs-jepq Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources