Data as of .
JEPI vs PBP: which paid, and which earned it?
Over the year PBP paid 11.8% of its price in cash against JEPI’s 8.1%, and returned more with it reinvested.
ETFIQ Return Stability Score: PBP scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, JEPI and PBP hold 32% of their money in the same securities at the same weight.
| Holding | JEPI | PBP |
|---|---|---|
| Apple, Inc. | 1.53% | 7.50% |
| NVIDIA Corp. | 1.53% | 8.18% |
| Alphabet, Inc. | 1.52% | 3.11% |
| Amazon.com, Inc. | 1.48% | 3.77% |
| Broadcom, Inc. | 1.33% | 2.57% |
| Microsoft Corp. | 1.30% | 5.57% |
| Meta Platforms, Inc. | 1.22% | 2.22% |
| Eli Lilly & Co. | 1.05% | 1.38% |
| Johnson & Johnson | 1.68% | 0.99% |
| Visa, Inc. | 1.42% | 0.93% |
| Walmart, Inc. | 0.92% | 0.71% |
| AbbVie, Inc. | 1.74% | 0.71% |
| Only in JEPI | Only in PBP |
|---|---|
| BNP Paribas Issuance BV 0.97% | Alphabet Inc 2.47% |
| BNP Paribas Issuance BV 0.96% | Micron Technology Inc 1.74% |
| Barclays Bank plc 0.95% | Tesla Inc 1.56% |
| National Bank of Canada 0.95% | JPMorgan Chase & Co 1.42% |
| BNP Paribas Issuance BV 0.94% | ExxonMobil Holdings Corp 1.03% |
| Citigroup Global Markets Holdings, Inc. 0.94% | Intel Corp 0.81% |
| BofA Finance LLC 0.93% | Cisco Systems Inc 0.66% |
| Royal Bank of Canada 0.92% | Palantir Technologies Inc 0.62% |
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 Jun 30, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| JEPI | PBP | JEPI | PBP | JEPI | PBP | |
| 3 months | +2.3% | +5.0% | 2.0% | 2.8% | 0.0 pts | +2.7 pts |
| 6 months | +4.6% | +13.0% | 4.3% | 5.7% | −13.5 pts | −5.0 pts |
| 1 year | +7.0% | +18.5% | 8.1% | 11.8% | −9.5 pts | +1.9 pts |
| 3 years | +29.4% | +46.1% | 24.6% | 31.8% | −49.0 pts | −32.3 pts |
| Since launch | +92.6% | +199.0% | 60.9% | 101.2% | −89.9 pts | −604.5 pts |
| JEPI JPMorgan Equity Premium Income ETF Covered call on SPY, paying monthly | PBP Invesco S&P 500 BuyWrite ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | JPMorgan | Invesco |
| Strategy | covered call | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 7.9% | 11.3% |
| Expense ratio | 0.35% | 0.29% |
| Cash paid, 1 year | 8.1% | 11.8% |
| Price change, 1 year | −1.2% | +5.5% |
| Total return, 1 year | +7.0% | +18.5% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | −9.5 pts | +1.9 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 2311 days | 6101 days |
| Net assets | $45.3bn | $386m |
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.
PBP in plain words
Over the year to Sep 18, 2026, PBP paid 11.8% of its starting value in cash distributions while its price rose 5.5%. With every distribution reinvested, the fund returned +18.5%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 1.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 11.3%, paid monthly.
Questions people ask
- Which paid more, JEPI or PBP?
- Over the year to Sep 18, 2026, JEPI paid 8.1% of its starting price in cash and PBP paid 11.8%, so PBP 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 PBP?
- With every distribution reinvested, JEPI returned +7.0% and PBP returned +18.5% over the year to Sep 18, 2026, so PBP returned more.
- Which is cheaper, JEPI or PBP?
- JEPI charges 0.35% a year and PBP charges 0.29%, so PBP 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 PBP, data as of Sep 18, 2026. https://etfiq.com/compare/income/jepi-vs-pbp Free to use with attribution; the underlying files are at Open data.