Which paid more, JEPI or JULH?

Over the year to Nov 4, 2026, JEPI paid 8.1% of its starting price in cash and JULH paid 4.8%, 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, JEPI or JULH?

With every distribution reinvested, JEPI returned +12.0% and JULH +4.9% over the year to Nov 4, 2026.

Which is cheaper, JEPI or JULH?

JEPI charges 0.35% a year and JULH charges 0.79%, so JEPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JEPI vs JULH: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, JEPI paid 8.1% of its price in cash against JULH’s 4.8%, and returned more with it reinvested.

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Net assets: $46.1bn on Nov 3, 2026 for JPMorgan Equity Premium Income ETF, and $18m on Nov 4, 2026 for Innovator Premium Income 20 Barrier ETF - July.

JEPI on its own →JULH on its own →

At a glance

8.1%

JEPI cash paid, 1 year

4.8%

JULH cash paid, 1 year

+12.0%

JEPI total return, 1 year

+4.9%

JULH total return, 1 year

JEPI · 1 year to Nov 4, 2026 2.8 pts behind SPY

JEPI

+12.0%

SPY

+14.8%

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%

8.1% cash

2.8 pts behind SPY

8.1% of it arrived as cash. Total return, distributions reinvested. JEPI over 1 year: paid 8.1%, price +3.4%, total +12.0%, SPY +14.8%, −2.8 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

JULH · 1 year to Nov 4, 2026 9.9 pts behind SPY

JULH

+4.9%

SPY

+14.8%

9.9 pts behind SPY

JULH over 1 year: paid 4.8%, price 0.0%, total +4.9%, SPY +14.8%, −9.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

JULH

+4.9%

4.8% of it arrived as cash

9.9 pts behind SPY

Total return, distributions reinvested

9.9 pts behind SPY

JULH over 1 year: paid 4.8%, price 0.0%, total +4.9%, SPY +14.8%, −9.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

JULH

+4.9%

9.9 pts behind SPY

4.8% of it arrived as cash. Both charts share one scale, 0 to +14.8%. JULH over 1 year: paid 4.8%, price 0.0%, total +4.9%, SPY +14.8%, −9.9 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.

Pair scorecard

JEPI costs 0.44 points a year less; their one-year returns differ by 7.1 points; JEPI is far larger, $46.8bn against $18m.

Points (pts) are percentage points.

JEPI vs JULH: Dividend Yield & Total Return
Measure	JEPI	JULH
Paid and earned
Measure	JEPI	JULH
Total return, 1 year	+12.0%	+4.9%
Price change, 1 year	rose 3.4%	fell 0.0%
Return of capital, issuer estimate		51% of the Oct 2, 2026 payment
Against its benchmark
Measure	JEPI	JULH
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	JEPI	JULH
Expense ratio	0.35%	0.79%
Net assets	$46.8bn	$18m
Holdings
Measure	JEPI	JULH
Holdings in common	0%

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

IQ Income Score76.9JEPI58.4JULH

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

JEPI 76.9

JULH 58.4

0.3, the lowest in this set 99.7, the highest

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 →

Method

What they share

By the books each fund has filed, JEPI and JULH hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first JEPI JULH

Only in one fund ↓

Only in JEPI

MASTERCARD INC COMMON 1.99%

MICROSOFT CORP COMMON 1.93%

VISA INC COMMON STOCK USD 1.88%

APPLE INC COMMON STOCK 1.86%

AMAZON.COM INC COMMON 1.81%

NEXTERA ENERGY INC 1.81%

3M CO COMMON STOCK USD 1.80%

JOHNSON & JOHNSON COMMON 1.75%

Only in JULH

Check overlap with more funds →

Side by side

JEPI JPMorgan Equity Premium Income ETF · Writes calls through equity-linked notes (ELNs) on the S&P 500, paying monthly JULH Innovator Premium Income 20 Barrier ETF - July · Defined income on SPY, paying quarterly

Issuer JPMorgan Innovator

Strategy covered call defined income

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

Pays monthly quarterly

Payout rate, annualized 7.1% 6.5%

Expense ratio 0.35% 0.79%

Cash paid, 1 year 8.1% 4.8%

Price change, 1 year +3.4% 0.0%

Total return, 1 year +12.0% +4.9%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −2.8 pts −9.9 pts

Return of capital, latest estimate not published 51%

Age 6.5 years 3.3 years

Net assets, JEPI as of Nov 3, 2026 and JULH as of Nov 4, 2026 $46.1bn $18m

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

Window by window: JEPI vs JULH: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPI	JULH	JEPI	JULH	JEPI	JULH
3 months	+3.3%	+1.4%	1.8%	1.6%	+3.4 pts	+1.5 pts
6 months	+7.3%	+3.2%	3.9%	2.7%	+2.3 pts	−1.8 pts
1 year	+12.0%	+4.9%	8.1%	4.8%	−2.8 pts	−9.9 pts
3 years	+37.9%	+20.9%	25.2%	18.4%	−45.1 pts	−62.0 pts
Since launchNot the same days: JEPI May 2020 · JULH Jul 2023	+102.1%	+23.7%	62.2%	20.3%	−82.3 pts	−56.1 pts

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Alert

About each fund

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.

JULH

Over the year to Nov 4, 2026, JULH paid 4.8% of its starting value in cash distributions while its price fell 0.0%. With every distribution reinvested, the fund returned +4.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 9.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.5%, paid quarterly. Innovator estimates that 51% of the distribution paid Oct 2, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which paid more, JEPI or JULH?: Over the year to Nov 4, 2026, JEPI paid 8.1% of its starting price in cash and JULH paid 4.8%, 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, JEPI or JULH?: With every distribution reinvested, JEPI returned +12.0% and JULH +4.9% over the year to Nov 4, 2026.
Which is cheaper, JEPI or JULH?: JEPI charges 0.35% a year and JULH charges 0.79%, so JEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPI vs SCLZ JEPI vs QUSA JEPI vs NLSI JEPI vs TPRY JULH vs SPYI JULH vs XYLD JULH vs BALI JULH vs OMAH

Where to next

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

Sources and dates

JEPI filings on SEC EDGAR ↗

JEPI prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

JULH filings on SEC EDGAR ↗

JULH prospectus with the expense ratio (SEC) ↗

JULH 19a-1 distribution notice ↗

Innovator page for JULH ↗

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, JEPI against JULH, data as of Nov 4, 2026. https://etfiq.com/compare/income/jepi-vs-julh

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