Which paid more, JEPI or QRMI?

Over the year to Nov 4, 2026, JEPI paid 8.1% of its starting price in cash and QRMI paid 11.6%, so QRMI 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 QRMI?

With every distribution reinvested, JEPI returned +12.0% and QRMI +3.7% over the year to Nov 4, 2026.

Which is cheaper, JEPI or QRMI?

JEPI charges 0.35% a year and QRMI charges 0.60%, so JEPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JEPI vs QRMI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, QRMI paid 11.6% of its price in cash against JEPI’s 8.1%, though JEPI returned more with it reinvested.

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Net assets: $46.1bn on Nov 3, 2026 for JPMorgan Equity Premium Income ETF, and $15m on Oct 12, 2026 for Global X NASDAQ 100 Risk Managed Income ETF.

JEPI on its own →QRMI on its own →

At a glance

8.1%

JEPI cash paid, 1 year

11.6%

QRMI cash paid, 1 year

+12.0%

JEPI total return, 1 year

+3.7%

QRMI 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.

QRMI · 1 year to Nov 4, 2026 8.6 pts behind QQQ

QRMI

+3.7%

QQQ

+12.3%

8.6 pts behind QQQ

QRMI over 1 year: paid 11.6%, price −8.1%, total +3.7%, QQQ +12.3%, −8.6 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QRMI

+3.7%

11.6% as cash

8.6 pts behind QQQ

Total return, distributions reinvested

8.6 pts behind QQQ

QRMI over 1 year: paid 11.6%, price −8.1%, total +3.7%, QQQ +12.3%, −8.6 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QRMI

+3.7%

8.6 pts behind QQQ

11.6% of it arrived as cash. Both charts share one scale, with zero at the line. QRMI over 1 year: paid 11.6%, price −8.1%, total +3.7%, QQQ +12.3%, −8.6 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

JEPI costs 0.25 points a year less; their one-year returns differ by 8.3 points; JEPI is far larger, $45.8bn against $15m.

Points (pts) are percentage points.

JEPI vs QRMI: Dividend Yield & Total Return
Measure	JEPI	QRMI
Paid and earned
Measure	JEPI	QRMI
Total return, 1 year	+12.0%	+3.7%
Price change, 1 year	rose 3.4%	fell 8.1%
Return of capital, issuer estimate		100% of the Sep 24, 2026 payment
Against its benchmark
Measure	JEPI	QRMI
Benchmark	S&P 500, measured through SPY	Nasdaq-100, measured through QQQ
Cost and size
Measure	JEPI	QRMI
Expense ratio	0.35%	0.60%
Net assets, as of Oct 12, 2026	$45.8bn	$15m
Holdings
Measure	JEPI	QRMI
Holdings in common	27%

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

IQ Income Score76.9JEPI27.2QRMI

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

QRMI 27.2

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

27%

By the books each fund has filed, JEPI and QRMI hold 27% 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

27% in common

Positions both hold · largest shared weight first JEPI QRMI

MICROSOFT CORP COMMON 1.93% 5.78%

APPLE INC COMMON STOCK 1.86% 7.60%

AMAZON.COM INC COMMON 1.81% 4.90%

NVIDIA CORP COMMON STOCK 1.73% 8.14%

COSTCO WHOLESALE CORP 1.72% 1.96%

BROADCOM INC COMMON 1.69% 3.10%

ALPHABET INC-CL A 1.67% 3.48%

META PLATFORMS INC COMMON 1.66% 2.77%

LAM RESEARCH CORP COMMON 1.16% 1.70%

MICRON TECHNOLOGY INC 0.92% 4.29%

ADVANCED MICRO DEVICES 0.89% 3.60%

PEPSICO INC COMMON STOCK 1.05% 0.89%

Only in one fund ↓

Only in JEPI

MASTERCARD INC COMMON 1.99%

VISA INC COMMON STOCK USD 1.88%

NEXTERA ENERGY INC 1.81%

3M CO COMMON STOCK USD 1.80%

JOHNSON & JOHNSON COMMON 1.75%

PHILIP MORRIS INTERNATIONAL INC 1.72%

ABBVIE INC COMMON STOCK 1.70%

EOG RESOURCES INC COMMON 1.67%

Only in QRMI

ALPHABET INC. 3.26%

CISCO SYSTEMS, INC. 2.12%

PALO ALTO NETWORKS, INC. 1.25%

KLA CORPORATION 1.11%

LINDE PUBLIC LIMITED COMPANY 1.03%

SPACE EXPLORATION TECHNOLOGIES CORP. 0.97%

AMGEN INC. 0.96%

SANDISK CORPORATION 0.84%

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 QRMI Global X NASDAQ 100 Risk Managed Income ETF · Option income on QQQ, paying monthly

Issuer JPMorgan Global X

Strategy covered call option income

Benchmark S&P 500 (SPY) Nasdaq-100 (QQQ)

Pays monthly monthly

Payout rate, annualized 7.1% 12.2%

Expense ratio 0.35% 0.60%

Cash paid, 1 year 8.1% 11.6%

Price change, 1 year +3.4% −8.1%

Total return, 1 year +12.0% +3.7%

Benchmark return, 1 year +14.8% +12.3%

Ahead or behind −2.8 pts −8.6 pts

Return of capital, latest estimate not published 100%

Age 6.5 years 5.2 years

Net assets, JEPI as of Nov 3, 2026 and QRMI as of Oct 12, 2026 $46.1bn $15m

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 QRMI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPI	QRMI	JEPI	QRMI	JEPI	QRMI
3 months	+3.3%	−0.1%	1.8%	3.0%	+3.4 pts	+3.4 pts
6 months	+7.3%	+1.0%	3.9%	5.9%	+2.3 pts	+1.3 pts
1 year	+12.0%	+3.7%	8.1%	11.6%	−2.8 pts	−8.6 pts
3 years	+37.9%	+25.7%	25.2%	35.0%	−45.1 pts	−65.7 pts
Since launchNot the same days: JEPI May 2020 · QRMI Aug 2021	+102.1%	+8.5%	62.2%	42.0%	−82.3 pts	−83.2 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.

QRMI

Over the year to Nov 4, 2026, QRMI paid 11.6% of its starting value in cash distributions while its price fell 8.1%. With every distribution reinvested, the fund returned +3.7%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 8.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.2%, paid monthly. Global X estimates that 100% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which paid more, JEPI or QRMI?: Over the year to Nov 4, 2026, JEPI paid 8.1% of its starting price in cash and QRMI paid 11.6%, so QRMI 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 QRMI?: With every distribution reinvested, JEPI returned +12.0% and QRMI +3.7% over the year to Nov 4, 2026.
Which is cheaper, JEPI or QRMI?: JEPI charges 0.35% a year and QRMI charges 0.60%, so JEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPI vs QQQY JEPI vs QDTY JEPI vs ACQQ JEPI vs BALQ QRMI vs SPYI QRMI vs XYLD QRMI vs OMAH QRMI vs ROCY

Where to next

S&P 500 (SPY) →Nasdaq-100 (QQQ) →JEPI on its own →QRMI on its own →JEPI dividend history →JEPI holdings →QRMI dividend history →QRMI holdings →Method →Standards and sources →

Sources and dates

JEPI filings on SEC EDGAR ↗

JEPI prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

QRMI filings on SEC EDGAR ↗

QRMI prospectus with the expense ratio (SEC) ↗

QRMI 19a-1 distribution notice ↗

Global X page for QRMI ↗

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

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