Data as of Oct 27, 2026.
JEPI vs JEPQ: Dividend Yield & Total Return
Over the year to Oct 27, 2026, JEPQ paid 11.7% 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: $45.8bn for JPMorgan Equity Premium Income ETF and $43.3bn for JPMorgan Nasdaq Equity Premium Income ETF.
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. Total return, distributions reinvested. 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, 2026.1.6 pts behind QQQ
JEPQ over 1 year: paid 11.7%, price +1.3%, total +13.8%, QQQ +15.4%, −1.6 pts. Data to Oct 27, 2026.
QQQ
+15.4%
JEPQ
+13.8%
11.7% of it arrived as cash
1.6 pts behind QQQ
Total return, distributions reinvested
1.6 pts behind QQQ
JEPQ over 1 year: paid 11.7%, price +1.3%, total +13.8%, QQQ +15.4%, −1.6 pts. Data to Oct 27, 2026.
QQQ
+15.4%
JEPQ
+13.8%
11.7% as cash
1.6 pts behind QQQ
11.7% of it arrived as cash. Both charts share one scale, with zero at the line. JEPQ over 1 year: paid 11.7%, price +1.3%, total +13.8%, QQQ +15.4%, −1.6 pts. Data to Oct 27, 2026.
Data to Oct 27, 2026.Pair scorecard
Both cost 0.35% a year; their one-year returns differ by 6.2 points.
Points (pts) are percentage points.
| Measure | JEPI | JEPQ |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +7.6% | +13.8% |
| Price change, 1 year | fell 0.6% | rose 1.3% |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 0.35% | 0.35% |
| Net assets | $45.9bn | $43.8bn |
| Holdings | ||
| Holdings in common | 26% | |
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
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 Oct 26, 2026. Method
Risk and return
May 13, 2022 to Oct 23, 2026 · 232 weekly returnsEach against its own benchmark: JEPI against SPY, May 29, 2020 to Oct 23, 2026; JEPQ against QQQ, May 13, 2022 to Oct 23, 2026.
JEPQ returned more: +98.5% to +45.8%. JEPI swung less: 10.7% to 15.6%. JEPI fell less at its worst: −11.5% to −18.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | JEPI | JEPQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +45.8% | +98.5% | JEPQ | Price change plus distributions, reinvested. |
| Annualized | +8.8% | +16.6% | JEPQ | Total return as a yearly rate. |
| Price return | −0.4% | +21.0% | JEPQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 10.7% | 15.6% | JEPI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 7.5% | 10.6% | JEPI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −11.5% | −18.5% | JEPI | Deepest fall from a high to the low after it. |
| Upside capture | 42.2% | 56.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 59.6% | 79.0% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.57 | 0.71 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.75 | 0.92 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.44 | 0.78 | JEPQ | Return above Treasury bills per unit of volatility. |
| Sortino | 0.62 | 1.15 | JEPQ | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.133 | 0.173 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.77 | 0.90 | JEPQ | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | QQQ | The ETF each fund is measured against. | |
| Alpha | −0.3% a year | −0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.15 | −0.05 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −4.4% to +3.8% | −4.3% to +4.1% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.73 | −0.68 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 8.7% | 7.7% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 232 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, JEPI and JEPQ hold 26% of their money in the same securities at the same weight. Holdings dated Oct 26, 2026.
half
26% 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 | JEPI | JEPQ | JEPI | JEPQ | JEPI | JEPQ |
| 3 months | +1.5% | +7.8% | 1.9% | 3.4% | −2.7 pts | +1.0 pts |
| 6 months | +4.3% | +7.8% | 4.0% | 6.4% | −4.4 pts | −2.1 pts |
| 1 year | +7.6% | +13.8% | 7.9% | 11.7% | −5.9 pts | −1.6 pts |
| 3 years | +40.9% | +82.4% | 26.3% | 39.9% | −53.4 pts | −30.0 pts |
| Since launchNot the same days: JEPI May 2020 · JEPQ May 2022 | +97.2% | +91.7% | 61.5% | 50.3% | −88.2 pts | −33.1 pts |
JEPI and JEPQ are built for the same job. How do they differ in cost, holdings and results?
- Income paid. JEPI paid 7.9% and JEPQ 11.7% (cash paid over 1 year, as a share of its price at the start), a gap of 3.8 points.
- What each is measured against. JEPI is measured against S&P 500 through SPY and JEPQ against Nasdaq-100 through QQQ.
- Holdings in common. 26% of the weight is in the same securities (holdings dated Oct 26, 2026).
Data as of Oct 27, 2026.
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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.
JEPQ
Over the year to Oct 27, 2026, JEPQ paid 11.7% of its starting value in cash distributions while its price rose 1.3%. With every distribution reinvested, the fund returned +13.8%. Nasdaq-100 (QQQ) returned +15.4% over the same days, so a holder was behind by 1.6 pts. At its price on Oct 27, 2026 the latest distribution annualizes to 11.4%, 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, JEPI against JEPQ, data as of Oct 27, 2026. https://etfiq.com/compare/income/jepi-vs-jepq
ETFIQ. (Oct 27, 2026). JEPI against JEPQ. Retrieved from https://etfiq.com/compare/income/jepi-vs-jepq
[JEPI against JEPQ (ETFIQ, Oct 27, 2026)](https://etfiq.com/compare/income/jepi-vs-jepq)
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