Which paid more, JEPI or OEI?

Over the year to Nov 4, 2026, JEPI paid 8.1% of its starting price in cash and OEI paid 9.2%, so OEI 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 OEI?

With every distribution reinvested, JEPI returned +12.0% and OEI +12.9% over the year to Nov 4, 2026.

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.

Data as of Nov 4, 2026.

Income ETFs

JEPI vs OEI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, OEI paid 9.2% of its price in cash against JEPI’s 8.1%, 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 $46m on Jul 31, 2026 for Optimized Equity Income ETF.

JEPI on its own →OEI on its own →

At a glance

8.1%

JEPI cash paid, 1 year

9.2%

OEI cash paid, 1 year

+12.0%

JEPI total return, 1 year

+12.9%

OEI 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.

OEI · 1 year to Nov 4, 2026 1.9 pts behind SPY

OEI

+12.9%

SPY

+14.8%

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% of it arrived as cash

1.9 pts behind SPY

Total return, distributions reinvested

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% cash

1.9 pts behind SPY

9.2% of it arrived as cash. Both charts share one scale, 0 to +14.8%. OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

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

Pair scorecard

JEPI costs 0.67 points a year less; their one-year returns differ by 0.9 points.

Points (pts) are percentage points.

JEPI vs OEI: Dividend Yield & Total Return
Measure	JEPI	OEI
Paid and earned
Measure	JEPI	OEI
Total return, 1 year	+12.0%	+12.9%
Price change, 1 year	rose 3.4%	rose 3.0%
Against its benchmark
Measure	JEPI	OEI
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	JEPI	OEI
Expense ratio	0.35%	1.02%
Net assets, JEPI as of Nov 3, 2026 and OEI as of Jul 31, 2026	$46.1bn	$46m
Holdings
Measure	JEPI	OEI
Holdings in common	39%

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

IQ Income Score76.9JEPI75.7OEI

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

OEI 75.7

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

39%

By the books each fund has filed, JEPI and OEI hold 39% 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

39% in common

Positions both hold · largest shared weight first JEPI OEI

MICROSOFT CORP COMMON 1.93% 5.93%

APPLE INC COMMON STOCK 1.86% 4.23%

AMAZON.COM INC COMMON 1.81% 4.51%

JOHNSON & JOHNSON COMMON 1.75% 2.08%

NVIDIA CORP COMMON STOCK 1.73% 8.22%

BROADCOM INC COMMON 1.69% 3.01%

ALPHABET INC-CL A 1.67% 3.44%

META PLATFORMS INC COMMON 1.66% 2.15%

ABBVIE INC COMMON STOCK 1.70% 1.55%

MASTERCARD INC COMMON 1.99% 1.55%

ELI LILLY AND COMPANY 1.17% 1.78%

VISA INC COMMON STOCK USD 1.88% 1.13%

Only in one fund ↓

Only in JEPI

3M CO COMMON STOCK USD 1.80%

EOG RESOURCES INC COMMON 1.67%

TRANE TECHNOLOGIES PLC 1.63%

LOWE'S COS INC COMMON 1.59%

MONDELEZ INTERNATIONAL 1.34%

HOWMET AEROSPACE INC 1.30%

ROSS STORES INC COMMON 1.24%

ECOLAB INC COMMON STOCK 1.17%

Only in OEI

Alphabet Inc 2.76%

JPMorgan Chase & Co 1.63%

Cisco Systems Inc 1.52%

General Electric Co 1.39%

Bank of America Corp 1.36%

Chevron Corp 1.29%

Home Depot Inc 1.16%

GE Vernova Inc 1.15%

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 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)

Pays monthly monthly

Payout rate, annualized 7.1% 9.6%

Expense ratio 0.35% 1.02%

Cash paid, 1 year 8.1% 9.2%

Price change, 1 year +3.4% +3.0%

Total return, 1 year +12.0% +12.9%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −2.8 pts −1.9 pts

Return of capital, latest estimate not published not published

Age 6.5 years 1.0 years

Net assets, JEPI as of Nov 3, 2026 and OEI as of Jul 31, 2026 $46.1bn $46m

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 OEI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPI	OEI	JEPI	OEI	JEPI	OEI
3 months	+3.3%	+3.3%	1.8%	2.4%	+3.4 pts	+3.4 pts
6 months	+7.3%	+6.3%	3.9%	4.7%	+2.3 pts	+1.3 pts
1 year	+12.0%	+12.9%	8.1%	9.2%	−2.8 pts	−1.9 pts
3 years	+37.9%	–	25.2%	–	−45.1 pts	–
Since launchNot the same days: JEPI May 2020 · OEI Oct 2025	+102.1%	+15.0%	62.2%	9.4%	−82.3 pts	−1.1 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.

OEI

Over the year to Nov 4, 2026, OEI paid 9.2% of its starting value in cash distributions while its price rose 3.0%. With every distribution reinvested, the fund returned +12.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 1.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.6%, paid monthly.

Questions people ask

Which paid more, JEPI or OEI?: Over the year to Nov 4, 2026, JEPI paid 8.1% of its starting price in cash and OEI paid 9.2%, so OEI 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 OEI?: With every distribution reinvested, JEPI returned +12.0% and OEI +12.9% over the year to Nov 4, 2026.
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

JEPI vs SPIN JEPI vs ACKY JEPI vs ACSP JEPI vs XRMI OEI vs SPYI OEI vs OMAH OEI vs ROCY OEI vs KHPI

Where to next

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

Sources and dates

JEPI filings on SEC EDGAR ↗

JEPI prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

OEI filings on SEC EDGAR ↗

OEI prospectus with the expense ratio (SEC) ↗

Core Alternative website ↗

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 OEI, data as of Nov 4, 2026. https://etfiq.com/compare/income/jepi-vs-oei

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