Data as of .
JEPI vs OEI: which paid, and which earned it?
JEPI and OEI both write options for income.
What they hold in common
By the books each fund has filed, JEPI and OEI hold 33% of their money in the same securities at the same weight.
| Holding | JEPI | OEI |
|---|---|---|
| Johnson & Johnson | 1.68% | 2.10% |
| AbbVie, Inc. | 1.74% | 1.57% |
| Apple, Inc. | 1.53% | 4.28% |
| NVIDIA Corp. | 1.53% | 8.32% |
| Alphabet, Inc. | 1.52% | 3.48% |
| Amazon.com, Inc. | 1.48% | 4.56% |
| Mastercard, Inc. | 1.34% | 1.57% |
| Broadcom, Inc. | 1.33% | 3.04% |
| Microsoft Corp. | 1.30% | 5.99% |
| Meta Platforms, Inc. | 1.22% | 2.18% |
| Visa, Inc. | 1.42% | 1.15% |
| Costco Wholesale Corp. | 1.12% | 1.12% |
| Only in JEPI | Only in OEI |
|---|---|
| Howmet Aerospace, Inc. 1.70% | Alphabet Inc 2.79% |
| Trane Technologies plc 1.62% | Micron Technology Inc 2.57% |
| Ross Stores, Inc. 1.52% | ExxonMobil Holdings Corp 2.07% |
| Vertex Pharmaceuticals, Inc. 1.48% | Booking Holdings Inc 1.89% |
| EOG Resources, Inc. 1.46% | JPMorgan Chase & Co 1.65% |
| 3M Co. 1.43% | Cisco Systems Inc 1.54% |
| Yum! Brands, Inc. 1.40% | Tesla Inc 1.46% |
| Lowe's Cos., Inc. 1.35% | General Electric Co 1.41% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| JEPI | OEI | JEPI | OEI | JEPI | OEI | |
| 3 months | +2.3% | +4.8% | 2.0% | 2.3% | 0.0 pts | +2.5 pts |
| 6 months | +4.6% | +12.5% | 4.3% | 4.9% | −13.5 pts | −5.6 pts |
| 1 year | +7.0% | not published | 8.1% | not published | −9.5 pts | not published |
| 3 years | +29.4% | not published | 24.6% | not published | −49.0 pts | not published |
| Since launch | +92.6% | +14.4% | 60.9% | 8.6% | −89.9 pts | −0.9 pts |
| JEPI JPMorgan Equity Premium Income ETF Covered call on SPY, paying monthly | OEI Optimized Equity Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | JPMorgan | Core Alternative |
| Strategy | covered call | option income |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 7.9% | 9.2% |
| Expense ratio | 0.35% | 1.02% |
| Cash paid, 1 year | 8.1% | 8.6% (since launch on Oct 22, 2025) |
| Price change, 1 year | −1.2% | +5.2% |
| Total return, 1 year | +7.0% | +14.4% (since launch on Oct 22, 2025) |
| Benchmark return, 1 year | +16.6% | +15.3% |
| Ahead or behind | −9.5 pts | −0.9 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 2311 days | 331 days |
| Net assets | $45.3bn | $46m |
JEPI in plain words
Over the year to Sep 18, 2026, JEPI paid 8.1% of its starting value in cash distributions while its price fell 1.2%. With every distribution reinvested, the fund returned +7.0%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 9.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.9%, paid monthly.
OEI in plain words
Over the period since launch on Oct 22, 2025 to Sep 18, 2026, OEI paid 8.6% of its starting value in cash distributions while its price rose 5.2%. With every distribution reinvested, the fund returned +14.4%. S&P 500 (SPY), used as a default proxy returned +15.3% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.2%, paid monthly.
Questions people ask
- Which is cheaper, JEPI or OEI?
- JEPI charges 0.35% a year and OEI charges 1.02%, so JEPI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, JEPI against OEI, data as of Sep 18, 2026. https://etfiq.com/compare/income/jepi-vs-oei Free to use with attribution; the underlying files are at Open data.