Which paid more, FEPI or JEPI?

Over the year to Oct 27, 2026, FEPI paid 22.6% of its starting price in cash and JEPI paid 7.9%, so FEPI paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, FEPI or JEPI?

With every distribution reinvested, FEPI returned +7.6% and JEPI +7.6% over the year to Oct 27, 2026.

Which is cheaper, FEPI or JEPI?

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

Data as of Oct 27, 2026.

Income ETFs

FEPI vs JEPI: Dividend Yield & Total Return

Share on X Download as PDF

Over the year to Oct 27, 2026, FEPI paid 22.6% of its price in cash against JEPI’s 7.9% and the two finished level on total return.

askIQ about this page

askIQ about FEPI and JEPI

Net assets on Oct 26, 2026: $715m for REX FANG & Innovation Equity Premium Income ETF and $45.8bn for JPMorgan Equity Premium Income ETF.

FEPI on its own →JEPI on its own →

At a glance

22.6%

FEPI cash paid, 1 year

7.9%

JEPI cash paid, 1 year

+7.6%

FEPI total return, 1 year

+7.6%

JEPI total return, 1 year

FEPI · 1 year to Oct 27, 2026 Not measured

FEPI

+7.6%

none

Not measured

FEPI over 1 year: paid 22.6%, price −16.6%, total +7.6%, not measured against a benchmark. Data to Oct 27, 2026.

FEPI

+7.6%

22.6% of it arrived as cash

Total return, distributions reinvested

Not measured

FEPI over 1 year: paid 22.6%, price −16.6%, total +7.6%, not measured against a benchmark. Data to Oct 27, 2026.

FEPI

+7.6%

22.6% cash

22.6% of it arrived as cash. Total return, distributions reinvested. FEPI over 1 year: paid 22.6%, price −16.6%, total +7.6%, not measured against a benchmark. Data to Oct 27, 2026.

Data to Oct 27, 2026.

JEPI · 1 year to Oct 27, 2026 5.9 pts behind SPY

JEPI

+7.6%

SPY

+13.5%

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% of it arrived 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%

7.9% cash

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 0.30 points a year less; both returned +7.6% over a year; JEPI is far larger, $45.8bn against $715m.

Points (pts) are percentage points.

FEPI vs JEPI: Dividend Yield & Total Return
Measure	FEPI	JEPI
Paid and earned
Measure	FEPI	JEPI
Total return, 1 year	+7.6%	+7.6%
Price change, 1 year	fell 16.6%	fell 0.6%
Against its benchmark
Measure	FEPI	JEPI
Benchmark	not published	S&P 500, measured through SPY
Cost and size
Measure	FEPI	JEPI
Expense ratio	0.65%	0.35%
Net assets, as of Oct 26, 2026	$715m	$45.8bn
Holdings
Measure	FEPI	JEPI
Holdings in common	17%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 26, 2026. Method

Risk and return

Oct 20, 2023 to Oct 23, 2026 · 157 weekly returns

FEPI JEPI

Return

Total return edge FEPI +68.3% +36.9%

Annualized edge FEPI +18.8% +11.0%

Price return edge JEPI −19.7% +7.9%

Risk

Volatility edge JEPI 19.1% 9.2%

Max drawdown edge JEPI −22.7% −11.5%

Risk-adjusted

Sharpe edge FEPI (slight) 0.77 0.70

Sortino edge FEPI 1.09 0.98

Calmar edge JEPI 0.83 0.95

Reading

FEPI returned more: +68.3% to +36.9%. JEPI swung less: 9.2% to 19.1%. JEPI fell less at its worst: −11.5% to −22.7%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FEPI vs JEPI: Dividend Yield & Total Return
Measure	FEPI	JEPI	Edge	How it is measured
Return
Total return	+68.3%	+36.9%	FEPI	Price change plus distributions, reinvested.
Annualized	+18.8%	+11.0%	FEPI	Total return as a yearly rate.
Price return	−19.7%	+7.9%	JEPI	Price change alone, distributions left out.
Risk
Volatility	19.1%	9.2%	JEPI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	13.4%	6.5%	JEPI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−22.7%	−11.5%	JEPI	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.77	0.70	FEPI (slight)	Return above Treasury bills per unit of volatility.
Sortino	1.09	0.98	FEPI	Return above Treasury bills per unit of downside deviation.
Calmar	0.83	0.95	JEPI	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 157 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

17%

By the books each fund has filed, FEPI and JEPI hold 17% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 26, 2026.

50%

0 half 100%

half

17% in common

Positions both hold · largest shared weight first FEPI JEPI

MICROSOFT CORPORATION 4.23% 1.98%

APPLE INC. 6.90% 1.94%

AMAZON.COM, INC. 4.21% 1.81%

NVIDIA CORPORATION 6.68% 1.79%

BROADCOM INC. 6.95% 1.64%

ALPHABET INC. 7.00% 1.62%

META PLATFORMS, INC. 4.25% 1.60%

ADVANCED MICRO DEVICES, INC. 6.04% 0.99%

MICRON TECHNOLOGY, INC. 5.88% 0.98%

NETFLIX, INC. 4.21% 0.78%

TESLA, INC. 4.22% 0.57%

PALANTIR TECHNOLOGIES INC. 4.22% 0.39%

Only in one fund ↓

Only in FEPI

SANDISK CORPORATION 4.09%

Only in JEPI

MASTERCARD INC COMMON 1.90%

VISA INC COMMON STOCK 1.82%

TRANE TECHNOLOGIES PLC 1.78%

3M CO COMMON STOCK USD 1.77%

EOG RESOURCES INC COMMON 1.77%

NEXTERA ENERGY INC 1.77%

JOHNSON & JOHNSON 1.76%

ABBVIE INC COMMON STOCK 1.73%

Check overlap with more funds →

Side by side

FEPI REX FANG & Innovation Equity Premium Income ETF · Covered call, paying weekly JEPI JPMorgan Equity Premium Income ETF · Writes calls through equity-linked notes (ELNs) on the S&P 500, paying monthly

Issuer REX JPMorgan

Strategy covered call covered call

Benchmark none S&P 500 (SPY)

Pays weekly monthly

Payout rate, annualized 25.5% 7.2%

Expense ratio 0.65% 0.35%

Cash paid, 1 year 22.6% 7.9%

Price change, 1 year −16.6% −0.6%

Total return, 1 year +7.6% +7.6%

Benchmark return, 1 year not published +13.5%

Ahead or behind not available −5.9 pts

Return of capital, latest estimate not published not published

Age 3.0 years 6.4 years

Net assets, as of Oct 26, 2026 $715m $45.8bn

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

Window by window: FEPI vs JEPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FEPI	JEPI	FEPI	JEPI	FEPI	JEPI
3 months	+12.6%	+1.5%	6.8%	1.9%	not measured	−2.7 pts
6 months	+6.5%	+4.3%	10.6%	4.0%	not measured	−4.4 pts
1 year	+7.6%	+7.6%	22.6%	7.9%	not measured	−5.9 pts
3 years	+75.6%	+40.9%	72.5%	26.3%	not measured	−53.4 pts
Since launchNot the same days: FEPI Oct 2023 · JEPI May 2020	+66.7%	+97.2%	68.8%	61.5%	not measured	−88.2 pts

Open this comparison in the app →

Client brief · page 1 of 2 Report BR-7872990E60

FEPI and JEPI are built for the same job. How do they differ in cost, holdings and results?

Income paid. FEPI paid 22.6% and JEPI 7.9% (cash paid over 1 year, as a share of its price at the start), a gap of 14.7 points.
Holdings in common. 17% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 26, 2026).
Cost. FEPI charges 0.65% of assets a year and JEPI 0.35%, a gap of 0.30 points.

Data as of Oct 27, 2026.

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

FEPI

Over the year to Oct 27, 2026, FEPI paid 22.6% of its starting value in cash distributions while its price fell 16.6%. With every distribution reinvested, the fund returned +7.6%. At its price on Oct 27, 2026 the latest distribution annualizes to 25.5%, paid weekly.

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%. 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

Which paid more, FEPI or JEPI?: Over the year to Oct 27, 2026, FEPI paid 22.6% of its starting price in cash and JEPI paid 7.9%, so FEPI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, FEPI or JEPI?: With every distribution reinvested, FEPI returned +7.6% and JEPI +7.6% over the year to Oct 27, 2026.
Which is cheaper, FEPI or JEPI?: FEPI charges 0.65% a year and JEPI charges 0.35%, so JEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

FEPI vs SPYI FEPI vs GPIX FEPI vs XYLD FEPI vs FTHI JEPI vs TSLY JEPI vs YYY JEPI vs ULTY JEPI vs SDVD

Where to next

S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →FEPI on its own →JEPI on its own →FEPI dividend history →FEPI holdings →JEPI dividend history →JEPI holdings →Method →Standards and sources →

Sources and dates

FEPI filings on SEC EDGAR ↗

FEPI prospectus with the expense ratio (SEC) ↗

REX page for FEPI ↗

JEPI filings on SEC EDGAR ↗

JEPI 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, FEPI against JEPI, data as of Oct 27, 2026. https://etfiq.com/compare/income/fepi-vs-jepi

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.