Data as of Nov 4, 2026.
JEPI vs NLSI: Dividend Yield & Total Return
JEPI and NLSI both write options for income.
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Net assets: $46.1bn on Nov 3, 2026 for JPMorgan Equity Premium Income ETF, and $5.3m on Oct 28, 2026 for NEOS Long/Short Equity Income ETF.
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. 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, 2026.5 pts ahead of SPY
NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.
SPY
+12.7%
NLSI
+17.7%
5.0% as cash
5 pts ahead of SPY
Total return, distributions reinvested
5 pts ahead of SPY
NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.
SPY
+12.7%
NLSI
+17.7%
5 pts ahead of SPY
5.0% of it arrived as cash. Both charts share one scale, 0 to +17.7%. NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +17.7%. Data to Nov 4, 2026.Pair scorecard
JEPI costs 2.54 points a year less; JEPI is far larger, $46.1bn against $5.3m.
Points (pts) are percentage points.
| Measure | JEPI | NLSI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +12.0% | not published |
| Price change | rose 3.4% (1 year) | rose 12.0% (since Dec 10, 2025) |
| Return of capital, issuer estimate | 100% of the Oct 30, 2026 payment | |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | S&P 500, measured through SPY |
| Against its benchmark, same days | behind by 2.8 pts | ahead by 5.0 pts |
| Cost and size | ||
| Expense ratio | 0.35% | 2.89% |
| Net assets, as of Oct 28, 2026 | $46.1bn | $5.3m |
| Holdings | ||
| Holdings in common | 4% | |
Risk and return
Dec 19, 2025 to Oct 30, 2026 · 45 weekly returnsFrom Dec 2025 to Oct 2026, NLSI returned more: +20.7% to +7.0%. JEPI fell less at its worst: −6.7% to −13.3%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | JEPI | NLSI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +7.0% | +20.7% | NLSI | Price change plus distributions, reinvested. |
| Price return | 0.0% | +15.0% | NLSI | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −6.7% | −13.3% | JEPI | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 45 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, JEPI and NLSI hold 4% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
4% 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 | JEPI | NLSI | JEPI | NLSI | JEPI | NLSI |
| 3 months | +3.3% | +6.7% | 1.8% | 1.4% | +3.4 pts | +6.9 pts |
| 6 months | +7.3% | +21.4% | 3.9% | 3.0% | +2.3 pts | +16.4 pts |
| 1 year | +12.0% | – | 8.1% | – | −2.8 pts | – |
| 3 years | +37.9% | – | 25.2% | – | −45.1 pts | – |
| Since launchNot the same days: JEPI May 2020 · NLSI Dec 2025 | +102.1% | +17.7% | 62.2% | 5.0% | −82.3 pts | +4.9 pts |
– means no data for this window. Open this comparison in the app →
No client brief for this pair: ETFIQ prints no one-year total return for NLSI.
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.
NLSI
Over the period from its first trade on Dec 10, 2025 to Nov 4, 2026, NLSI paid 5.0% of its starting value in cash distributions while its price rose 12.0%. With every distribution reinvested, the fund returned +17.7%. S&P 500 (SPY) returned +12.7% over the same days, so a holder was ahead by 5.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.6%, paid monthly. NEOS estimates that 100% 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.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
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 NLSI, data as of Nov 4, 2026. https://etfiq.com/compare/income/jepi-vs-nlsi
ETFIQ. (Nov 4, 2026). JEPI against NLSI. Retrieved from https://etfiq.com/compare/income/jepi-vs-nlsi
[JEPI against NLSI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/jepi-vs-nlsi)
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