Which paid more, JEPI or MSTY?

Over the year to Oct 27, 2026, JEPI paid 7.9% of its starting price in cash and MSTY paid 32.3%, so MSTY 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 MSTY?

With every distribution reinvested, JEPI returned +7.6% and MSTY −46.4% over the year to Oct 27, 2026.

Which is cheaper, JEPI or MSTY?

JEPI charges 0.35% a year and MSTY charges 0.99%, so JEPI is cheaper. Fees come from each fund's prospectus.

Data as of Oct 27, 2026.

Income ETFs

JEPI vs MSTY: Dividend Yield & Total Return

Share on X Download as PDF

Over the year to Oct 27, 2026, MSTY paid 32.3% of its price in cash against JEPI’s 7.9%, though JEPI returned more with it reinvested.

askIQ about this page

askIQ about JEPI and MSTY

Net assets on Oct 26, 2026: $45.8bn for JPMorgan Equity Premium Income ETF and $1.0bn for YieldMax MSTR Option Income Strategy ETF.

JEPI on its own →MSTY on its own →

At a glance

7.9%

JEPI cash paid, 1 year

32.3%

MSTY cash paid, 1 year

+7.6%

JEPI total return, 1 year

−46.4%

MSTY total return, 1 year

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%

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%

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.

MSTY · 1 year to Oct 27, 2026 5.8 pts ahead of MSTR

MSTY

−46.4%

MSTR

−52.2%

5.8 pts ahead of MSTR

MSTY over 1 year: paid 32.3%, price −76.6%, total −46.4%, MSTR −52.2%, +5.8 pts. Data to Oct 27, 2026.

MSTR

−52.2%

MSTY

−46.4%

5.8 pts ahead of MSTR

Total return, distributions reinvested

5.8 pts ahead of MSTR

MSTY over 1 year: paid 32.3%, price −76.6%, total −46.4%, MSTR −52.2%, +5.8 pts. Data to Oct 27, 2026.

MSTR

−52.2%

MSTY

−46.4%

5.8 pts ahead of MSTR

32.3% of it arrived as cash. Both charts share one scale, with zero at the line. MSTY over 1 year: paid 32.3%, price −76.6%, total −46.4%, MSTR −52.2%, +5.8 pts. Data to Oct 27, 2026.

Data to Oct 27, 2026.

Pair scorecard

JEPI costs 0.64 points a year less; their one-year returns differ by 54.0 points; JEPI is far larger, $45.8bn against $1.0bn.

Points (pts) are percentage points.

JEPI vs MSTY: Dividend Yield & Total Return
Measure	JEPI	MSTY
Paid and earned
Measure	JEPI	MSTY
Total return, 1 year	+7.6%	−46.4%
Price change, 1 year	fell 0.6%	fell 76.6%
Against its benchmark
Measure	JEPI	MSTY
Benchmark	S&P 500, measured through SPY	MicroStrategy (MSTR)
Cost and size
Measure	JEPI	MSTY
Expense ratio	0.35%	0.99%
Net assets, as of Oct 26, 2026	$45.8bn	$1.0bn
Holdings
Measure	JEPI	MSTY
Holdings in common	0%

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

JEPI among the 165 income ETFs not writing on a single company

IQ Income Score58.2JEPI16.9MSTY

How much of its payouts the fund's total return covered, ranked against 165 income ETFs not writing on a single company and 74 income ETFs writing on a single company. 100 is best. How it is computed

JEPI 58.2

0.3, the lowest in this set 99.7, the highest

MSTY among the 74 income ETFs writing on a single company

MSTY 16.9

0.7, the lowest in this set 99.3, the highest

A percentile among the 165 income ETFs not writing on a single company. MSTY is a percentile among the 74 income ETFs writing on a single company, a different set, so the two marks are not on one scale. 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

Mar 1, 2024 to Oct 23, 2026 · 138 weekly returns

JEPI MSTY

Return

Total return edge MSTY +22.9% +36.1%

Annualized edge MSTY +8.1% +12.3%

Price return edge JEPI +0.1% −89.1%

Risk

Volatility edge JEPI 9.1% 61.8%

Max drawdown edge JEPI −11.5% −76.2%

Downside capture 59.6% 97.2%

Beta 0.57 0.73

Risk-adjusted

Sharpe edge Tie 0.42 0.42

Sortino edge MSTY 0.57 0.65

Treynor 0.133 0.358

Calmar edge JEPI 0.70 0.16

Against the benchmark

Alpha −0.3% a year −2.3% a year

Alpha t-stat −0.15 −0.23

Information ratio −0.73 −0.47

Tracking error 8.7% 27.4%

Each against its own benchmark: JEPI against SPY, May 29, 2020 to Oct 23, 2026; MSTY against MSTR, Mar 1, 2024 to Oct 23, 2026.

Reading

MSTY returned more: +36.1% to +22.9%. JEPI swung less: 9.1% to 61.8%. JEPI fell less at its worst: −11.5% to −76.2%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: JEPI vs MSTY: Dividend Yield & Total Return
Measure	JEPI	MSTY	Edge	How it is measured
Return
Total return	+22.9%	+36.1%	MSTY	Price change plus distributions, reinvested.
Annualized	+8.1%	+12.3%	MSTY	Total return as a yearly rate.
Price return	+0.1%	−89.1%	JEPI	Price change alone, distributions left out.
Risk
Volatility	9.1%	61.8%	JEPI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	6.8%	40.0%	JEPI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−11.5%	−76.2%	JEPI	Deepest fall from a high to the low after it.
Upside capture	42.2%	35.5%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	59.6%	97.2%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.57	0.73	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.75	0.93	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.42	0.42	Tie	Return above Treasury bills per unit of volatility.
Sortino	0.57	0.65	MSTY	Return above Treasury bills per unit of downside deviation.
Treynor	0.133	0.358		Return above Treasury bills per unit of beta.
Calmar	0.70	0.16	JEPI	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	SPY	MSTR		The ETF each fund is measured against.
Alpha	−0.3% a year	−2.3% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.15	−0.23	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−4.4% to +3.8%	−21.9% to +17.3%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.73	−0.47		Return against its benchmark per unit of tracking error.
Tracking error	8.7%	27.4%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 138 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, JEPI and MSTY hold 0% of their money in the same securities at the same weight. Holdings dated Oct 26, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first JEPI MSTY

Only in one fund ↓

Only in JEPI

MICROSOFT CORP COMMON 1.98%

APPLE INC COMMON STOCK 1.94%

MASTERCARD INC COMMON 1.90%

VISA INC COMMON STOCK 1.82%

AMAZON.COM INC COMMON 1.81%

NVIDIA CORP COMMON STOCK 1.79%

TRANE TECHNOLOGIES PLC 1.78%

3M CO COMMON STOCK USD 1.77%

Only in MSTY

United States Treasury Note/Bond 2.375% 05/15/2027 19.23%

United States Treasury Note/Bond 3.375% 09/15/2027 6.09%

MSTR US 11/20/26 C135 5.44%

MSTR 12/18/2026 150.01 C 3.80%

MSTR US 10/30/26 C160 0.17%

MSTR US 10/30/26 C162.5 0.09%

MSTR US 10/30/26 C165 0.02%

MSTR US 10/30/26 C157.5 0.00%

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 MSTY YieldMax MSTR Option Income Strategy ETF · Synthetic covered call on MSTR, paying weekly

Issuer JPMorgan YieldMax

Strategy covered call synthetic covered call

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

Pays monthly weekly

Payout rate, annualized 7.2% 61.7%

Expense ratio 0.35% 0.99%

Cash paid, 1 year 7.9% 32.3%

Price change, 1 year −0.6% −76.6%

Total return, 1 year +7.6% −46.4%

Benchmark return, 1 year +13.5% −52.2%

Ahead or behind −5.9 pts +5.8 pts

Return of capital, latest estimate not published not published

Age 6.4 years 2.7 years

Net assets, as of Oct 26, 2026 $45.8bn $1.0bn

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: JEPI vs MSTY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPI	MSTY	JEPI	MSTY	JEPI	MSTY
3 months	+1.5%	+35.9%	1.9%	24.5%	−2.7 pts	−11.2 pts
6 months	+4.3%	−15.5%	4.0%	27.7%	−4.4 pts	−0.9 pts
1 year	+7.6%	−46.4%	7.9%	32.3%	−5.9 pts	+5.8 pts
3 years	+40.9%	–	26.3%	–	−53.4 pts	–
Since launchNot the same days: JEPI May 2020 · MSTY Feb 2024	+97.2%	+65.6%	61.5%	224.6%	−88.2 pts	−32.6 pts

– means no data for this window. Open this comparison in the app →

Client brief · page 1 of 2 Report BR-F25E1E2F54

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

Income paid. JEPI paid 7.9% and MSTY 32.3% (cash paid over 1 year, as a share of its price at the start), a gap of 24.4 points.
What each is measured against. JEPI is measured against S&P 500 through SPY and MSTY against MicroStrategy (MSTR).
Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 26, 2026).

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

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.

MSTY

Over the year to Oct 27, 2026, MSTY paid 32.3% of its starting value in cash distributions while its price fell 76.6%. With every distribution reinvested, the fund returned −46.4%. MicroStrategy (MSTR) returned −52.2% over the same days, so a holder was ahead by 5.8 pts. At its price on Oct 27, 2026 the latest distribution annualizes to 61.7%, paid weekly.

Questions people ask

Which paid more, JEPI or MSTY?: Over the year to Oct 27, 2026, JEPI paid 7.9% of its starting price in cash and MSTY paid 32.3%, so MSTY 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 MSTY?: With every distribution reinvested, JEPI returned +7.6% and MSTY −46.4% over the year to Oct 27, 2026.
Which is cheaper, JEPI or MSTY?: JEPI charges 0.35% a year and MSTY charges 0.99%, so JEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPI vs SDVD JEPI vs PAPI JEPI vs KNG JEPI vs RDVI MSTY vs SPYI MSTY vs XYLD MSTY vs XDTE MSTY vs DIVO

Where to next

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

Sources and dates

JEPI filings on SEC EDGAR ↗

JEPI prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

MSTY filings on SEC EDGAR ↗

MSTY prospectus with the expense ratio (SEC) ↗

MSTY 19a-1 distribution notice ↗

YieldMax page for MSTY ↗

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 MSTY, data as of Oct 27, 2026. https://etfiq.com/compare/income/jepi-vs-msty

Open data →

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