Which paid more, ISPY or JEPI?

Over the year to Oct 27, 2026, ISPY paid 5.7% of its starting price in cash and JEPI paid 7.9%, so JEPI paid more. Cash paid is not the same as money made: the price change matters too.

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

With every distribution reinvested, ISPY returned +9.9% and JEPI +7.6% over the year to Oct 27, 2026.

Which is cheaper, ISPY or JEPI?

ISPY charges 0.55% 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

ISPY vs JEPI: Dividend Yield & Total Return

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Over the year to Oct 27, 2026, JEPI paid 7.9% of its price in cash against ISPY’s 5.7%, though ISPY returned more with it reinvested.

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Net assets: $1.2bn on Oct 27, 2026 for ProShares S&P 500 High Income ETF, and $45.8bn on Oct 26, 2026 for JPMorgan Equity Premium Income ETF.

ISPY on its own →JEPI on its own →

At a glance

5.7%

ISPY cash paid, 1 year

7.9%

JEPI cash paid, 1 year

+9.9%

ISPY total return, 1 year

+7.6%

JEPI total return, 1 year

ISPY · 1 year to Oct 27, 2026 3.6 pts behind SPY

ISPY

+9.9%

SPY

+13.5%

3.6 pts behind SPY

ISPY over 1 year: paid 5.7%, price +3.9%, total +9.9%, SPY +13.5%, −3.6 pts. Data to Oct 27, 2026.

SPY

+13.5%

ISPY

+9.9%

5.7% of it arrived as cash

3.6 pts behind SPY

Total return, distributions reinvested

3.6 pts behind SPY

ISPY over 1 year: paid 5.7%, price +3.9%, total +9.9%, SPY +13.5%, −3.6 pts. Data to Oct 27, 2026.

SPY

+13.5%

ISPY

+9.9%

3.6 pts behind SPY

5.7% of it arrived as cash. Total return, distributions reinvested. ISPY over 1 year: paid 5.7%, price +3.9%, total +9.9%, SPY +13.5%, −3.6 pts. 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 0.20 points a year less; their one-year returns differ by 2.3 points; JEPI is far larger, $45.9bn against $1.2bn.

Points (pts) are percentage points.

ISPY vs JEPI: Dividend Yield & Total Return
Measure	ISPY	JEPI
Paid and earned
Measure	ISPY	JEPI
Total return, 1 year	+9.9%	+7.6%
Price change, 1 year	rose 3.9%	fell 0.6%
Return of capital, issuer estimate	81% of the Oct 7, 2026 payment
Against its benchmark
Measure	ISPY	JEPI
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	ISPY	JEPI
Expense ratio	0.55%	0.35%
Net assets	$1.2bn	$45.9bn
Holdings
Measure	ISPY	JEPI
Holdings in common	35%

ETFIQ Distribution Coverage Score · ISPY scores higher How much of what it paid out did its total return cover?

IQ Income Score85.2ISPY58.2JEPI

How much of its payouts the fund's total return covered, ranked against 165 income ETFs not writing on a single company. 100 is best. How it is computed

ISPY 85.2

JEPI 58.2

0.3, the lowest in this set 99.7, the highest

A percentile among the 165 income ETFs not writing on a single company. 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 May 31, 2026 and Oct 26, 2026. Method

What they share

35%

By the books each fund has filed, ISPY and JEPI hold 35% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 26, 2026.

50%

0 half 100%

half

35% in common

Positions both hold · largest shared weight first ISPY JEPI

Microsoft Corp. 4.38% 1.98%

Apple, Inc. 6.00% 1.94%

Amazon.com, Inc. 3.46% 1.81%

NVIDIA Corp. 6.72% 1.79%

Broadcom, Inc. 2.77% 1.64%

Alphabet, Inc. 2.90% 1.62%

Meta Platforms, Inc. 1.81% 1.60%

Eli Lilly & Co. 1.15% 1.07%

Advanced Micro Devices, Inc. 1.10% 0.99%

Micron Technology, Inc. 1.43% 0.98%

Visa, Inc. 0.72% 1.82%

Johnson & Johnson 0.71% 1.76%

Only in one fund ↓

Only in ISPY

Alphabet, Inc. 2.31%

JPMorgan Chase & Co. 1.06%

Exxon Mobil Corp. 0.80%

Cisco Systems, Inc. 0.62%

Caterpillar, Inc. 0.53%

Chevron Corp. 0.45%

General Electric Co. 0.45%

Home Depot, Inc. (The) 0.41%

Only in JEPI

S&P 500 equity-linked note 10 0.98%

S&P 500 equity-linked note 11 0.98%

S&P 500 equity-linked note 12 0.98%

S&P 500 equity-linked note 17 0.93%

S&P 500 equity-linked note 14 0.92%

S&P 500 equity-linked note 15 0.92%

S&P 500 equity-linked note 16 0.92%

S&P 500 equity-linked note 18 0.92%

Check overlap with more funds →

Side by side

ISPY ProShares S&P 500 High Income ETF · Option income on SPY, paying monthly JEPI JPMorgan Equity Premium Income ETF · Writes calls through equity-linked notes (ELNs) on the S&P 500, paying monthly

Issuer ProShares JPMorgan

Strategy option income covered call

Benchmark S&P 500 (SPY) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 6.3% 7.2%

Expense ratio 0.55% 0.35%

Cash paid, 1 year 5.7% 7.9%

Price change, 1 year +3.9% −0.6%

Total return, 1 year +9.9% +7.6%

Benchmark return, 1 year +13.5% +13.5%

Ahead or behind −3.6 pts −5.9 pts

Return of capital, latest estimate 81% not published

Age 2.9 years 6.4 years

Net assets, ISPY as of Oct 27, 2026 and JEPI as of Oct 26, 2026 $1.2bn $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: ISPY vs JEPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	ISPY	JEPI	ISPY	JEPI	ISPY	JEPI
3 months	+2.8%	+1.5%	1.5%	1.9%	−1.4 pts	−2.7 pts
6 months	+6.9%	+4.3%	3.3%	4.0%	−1.7 pts	−4.4 pts
1 year	+9.9%	+7.6%	5.7%	7.9%	−3.6 pts	−5.9 pts
3 years	–	+40.9%	–	26.3%	–	−53.4 pts
Since launchNot the same days: ISPY Dec 2023 · JEPI May 2020	+54.2%	+97.2%	26.5%	61.5%	−15.5 pts	−88.2 pts

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Alert

About each fund

ISPY

Over the year to Oct 27, 2026, ISPY paid 5.7% of its starting value in cash distributions while its price rose 3.9%. With every distribution reinvested, the fund returned +9.9%. S&P 500 (SPY) returned +13.5% over the same days, so a holder was behind by 3.6 pts. At its price on Oct 27, 2026 the latest distribution annualizes to 6.3%, paid monthly. ProShares estimates that 81% of the distribution paid Oct 7, 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

Which paid more, ISPY or JEPI?: Over the year to Oct 27, 2026, ISPY paid 5.7% of its starting price in cash and JEPI paid 7.9%, so JEPI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, ISPY or JEPI?: With every distribution reinvested, ISPY returned +9.9% and JEPI +7.6% over the year to Oct 27, 2026.
Which is cheaper, ISPY or JEPI?: ISPY charges 0.55% a year and JEPI charges 0.35%, so JEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

ISPY vs SPYI ISPY vs XYLD ISPY vs OMAH ISPY vs ROCY JEPI vs QUSA JEPI vs JULH JEPI vs OCTH JEPI vs OCTJ

Where to next

S&P 500 (SPY) →ISPY on its own →JEPI on its own →ISPY dividend history →ISPY holdings →JEPI dividend history →JEPI holdings →Method →Standards and sources →

Sources and dates

ISPY filings on SEC EDGAR ↗

ISPY prospectus with the expense ratio (SEC) ↗

ISPY 19a-1 distribution notice ↗

ProShares page for ISPY ↗

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

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.

Cite this pageCitation, APA and Markdown

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

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