Data as of Nov 4, 2026.
FTQI vs JEPI: Dividend Yield & Total Return
Over the year to Nov 4, 2026, FTQI paid 12.1% of its price in cash against JEPI’s 8.1%, and returned more with it reinvested.
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Net assets on Nov 3, 2026: $997m for First Trust Nasdaq BuyWrite Income ETF and $46.1bn for JPMorgan Equity Premium Income ETF.
4.2 pts ahead of QQQ
FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.
QQQ
+12.3%
FTQI
+16.5%
12.1% of it arrived as cash
4.2 pts ahead of QQQ
Total return, distributions reinvested
4.2 pts ahead of QQQ
FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.
QQQ
+12.3%
FTQI
+16.5%
12.1% as cash
4.2 pts ahead of QQQ
12.1% of it arrived as cash. Total return, distributions reinvested. FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.2.8 pts behind SPY
JEPI over 1 year: paid 8.1%, price +3.4%, total +12.0%, SPY +14.8%, −2.8 pts. Data to Nov 4, 2026.
SPY
+14.8%
JEPI
+12.0%
8.1% of it arrived as cash
2.8 pts behind SPY
Total return, distributions reinvested
2.8 pts behind SPY
JEPI over 1 year: paid 8.1%, price +3.4%, total +12.0%, SPY +14.8%, −2.8 pts. Data to Nov 4, 2026.
SPY
+14.8%
JEPI
+12.0%
2.8 pts behind SPY
8.1% of it arrived as cash. Both charts share one scale, 0 to +16.5%. JEPI over 1 year: paid 8.1%, price +3.4%, total +12.0%, SPY +14.8%, −2.8 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +16.5%. Data to Nov 4, 2026.Pair scorecard
JEPI costs 0.40 points a year less; their one-year returns differ by 4.5 points; JEPI is far larger, $46.1bn against $997m.
Points (pts) are percentage points.
| Measure | FTQI | JEPI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +16.5% | +12.0% |
| Price change, 1 year | rose 3.5% | rose 3.4% |
| Return of capital, issuer estimate | 99% of the Oct 30, 2026 payment | |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.75% | 0.35% |
| Net assets, as of Nov 3, 2026 | $997m | $46.1bn |
| Holdings | ||
| Holdings in common | 23% | |
How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed
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 →
Risk and return
May 29, 2020 to Oct 30, 2026 · 335 weekly returnsEach against its own benchmark: FTQI against QQQ, Jan 17, 2014 to Oct 30, 2026; JEPI against SPY, May 29, 2020 to Oct 30, 2026.
From May 2020 to Oct 2026, FTQI returned slightly more: +95.6% to +93.5%. JEPI swung less: 10.5% to 12.3%. JEPI fell less at its worst: −13.1% to −18.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FTQI | JEPI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +95.6% | +93.5% | FTQI (slight) | Price change plus distributions, reinvested. |
| Annualized | +11.0% | +10.8% | Tie | Total return as a yearly rate. |
| Price return | +8.0% | +12.4% | JEPI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 12.3% | 10.5% | JEPI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 8.5% | 7.1% | JEPI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −18.5% | −13.1% | JEPI | Deepest fall from a high to the low after it. |
| Upside capture | 31.2% | 42.2% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 58.3% | 58.9% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.45 | 0.57 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.55 | 0.75 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.66 | 0.74 | JEPI | Return above Treasury bills per unit of volatility. |
| Sortino | 0.95 | 1.09 | JEPI | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.123 | 0.136 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.59 | 0.82 | JEPI | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | QQQ | SPY | The ETF each fund is measured against. | |
| Alpha | −2.0% a year | −0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.90 | −0.03 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −6.4% to +2.4% | −4.2% to +4.0% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.84 | −0.69 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 13.4% | 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, 335 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FTQI and JEPI hold 23% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
23% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | FTQI | JEPI | FTQI | JEPI | FTQI | JEPI |
| 3 months | +0.4% | +3.3% | 3.0% | 1.8% | +3.8 pts | +3.4 pts |
| 6 months | +6.6% | +7.3% | 6.0% | 3.9% | +6.9 pts | +2.3 pts |
| 1 year | +16.5% | +12.0% | 12.1% | 8.1% | +4.3 pts | −2.8 pts |
| 3 years | +60.8% | +37.9% | 38.1% | 25.2% | −30.5 pts | −45.1 pts |
| Since launchNot the same days: FTQI Jan 2014 · JEPI May 2020 | +138.8% | +102.1% | 81.1% | 62.2% | −641.3 pts | −82.3 pts |
Client brief:
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FTQI
Over the year to Nov 4, 2026, FTQI paid 12.1% of its starting value in cash distributions while its price rose 3.5%. With every distribution reinvested, the fund returned +16.5%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.3%, paid monthly. First Trust estimates that 99% of the distribution paid Oct 30, 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 Nov 4, 2026, JEPI paid 8.1% of its starting value in cash distributions while its price rose 3.4%. With every distribution reinvested, the fund returned +12.0%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 2.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 7.1%, 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, FTQI against JEPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/ftqi-vs-jepi
ETFIQ. (Nov 4, 2026). FTQI against JEPI. Retrieved from https://etfiq.com/compare/income/ftqi-vs-jepi
[FTQI against JEPI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/ftqi-vs-jepi)
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