Which paid more, JEPI or QYLD?

Over the year to Oct 27, 2026, JEPI paid 7.9% of its starting price in cash and QYLD paid 12.3%, so QYLD 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 QYLD?

With every distribution reinvested, JEPI returned +7.6% and QYLD +18.9% over the year to Oct 27, 2026.

Which is cheaper, JEPI or QYLD?

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

Data as of Oct 27, 2026.

Income ETFs

JEPI vs QYLD: Dividend Yield & Total Return

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Over the year to Oct 27, 2026, QYLD paid 12.3% of its price in cash against JEPI’s 7.9%, and returned more with it reinvested.

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Net assets: $45.8bn on Oct 26, 2026 for JPMorgan Equity Premium Income ETF, and $8.5bn on Oct 12, 2026 for Global X NASDAQ 100 Covered Call ETF.

JEPI on its own →QYLD on its own →

At a glance

7.9%

JEPI cash paid, 1 year

12.3%

QYLD cash paid, 1 year

+7.6%

JEPI total return, 1 year

+18.9%

QYLD total return, 1 year

JEPI · 1 year to Oct 27, 2026 5.9 pts behind SPY

JEPI

+7.6%

SPY

+13.5%

5.9 pts behind SPY

JEPI over 1 year: paid 7.9%, price −0.6%, total +7.6%, SPY +13.5%, −5.9 pts. Data to Oct 27, 2026.

SPY

+13.5%

JEPI

+7.6%

7.9% of it arrived as cash

5.9 pts behind SPY

Total return, distributions reinvested

5.9 pts behind SPY

JEPI over 1 year: paid 7.9%, price −0.6%, total +7.6%, SPY +13.5%, −5.9 pts. Data to Oct 27, 2026.

SPY

+13.5%

JEPI

+7.6%

5.9 pts behind SPY

7.9% of it arrived as cash. Total return, distributions reinvested. JEPI over 1 year: paid 7.9%, price −0.6%, total +7.6%, SPY +13.5%, −5.9 pts. Data to Oct 27, 2026.

Data to Oct 27, 2026.

QYLD · 1 year to Oct 27, 2026 3.5 pts ahead of QQQ

QYLD

+18.9%

QQQ

+15.4%

3.5 pts ahead of QQQ

QYLD over 1 year: paid 12.3%, price +5.5%, total +18.9%, QQQ +15.4%, +3.5 pts. Data to Oct 27, 2026.

QQQ

+15.4%

QYLD

+18.9%

12.3% of it arrived as cash

3.5 pts ahead of QQQ

Total return, distributions reinvested

3.5 pts ahead of QQQ

QYLD over 1 year: paid 12.3%, price +5.5%, total +18.9%, QQQ +15.4%, +3.5 pts. Data to Oct 27, 2026.

QQQ

+15.4%

QYLD

+18.9%

12.3% cash

3.5 pts ahead of QQQ

12.3% of it arrived as cash. Both charts share one scale, with zero at the line. QYLD over 1 year: paid 12.3%, price +5.5%, total +18.9%, QQQ +15.4%, +3.5 pts. Data to Oct 27, 2026.

Data to Oct 27, 2026.

Pair scorecard

JEPI costs 0.25 points a year less; their one-year returns differ by 11.3 points; JEPI is 5.4 times larger.

Points (pts) are percentage points.

JEPI vs QYLD: Dividend Yield & Total Return
Measure	JEPI	QYLD
Paid and earned
Measure	JEPI	QYLD
Total return, 1 year	+7.6%	+18.9%
Price change, 1 year	fell 0.6%	rose 5.5%
Return of capital, issuer estimate		99% of the Sep 24, 2026 payment
Against its benchmark
Measure	JEPI	QYLD
Benchmark	S&P 500, measured through SPY	Nasdaq-100, measured through QQQ
Cost and size
Measure	JEPI	QYLD
Expense ratio	0.35%	0.60%
Net assets, as of Oct 12, 2026	$45.8bn	$8.5bn
Holdings
Measure	JEPI	QYLD
Holdings in common	26%

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

IQ Income Score58.2JEPI82.7QYLD

How much of its payouts the fund's total return covered, ranked against 165 income ETFs not writing on a single company. 100 is best. How it is computed

JEPI 58.2

QYLD 82.7

0.3, the lowest in this set 99.7, the highest

A percentile among the 165 income ETFs not writing on a single company. 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 →

Holdings in common uses holdings dated Jul 31, 2026 and Oct 26, 2026. Method

Risk and return

May 29, 2020 to Oct 23, 2026 · 334 weekly returns

JEPI QYLD

Return

Total return edge Tie +91.1% +91.4%

Annualized edge Tie +10.6% +10.6%

Price return edge JEPI +11.0% −12.4%

Risk

Volatility edge JEPI 10.5% 12.7%

Max drawdown edge JEPI −13.1% −24.5%

Downside capture 59.6% 64.8%

Beta 0.57 0.55

Risk-adjusted

Sharpe edge JEPI 0.72 0.62

Sortino edge JEPI 1.06 0.89

Treynor 0.133 0.129

Calmar edge JEPI 0.81 0.43

Against the benchmark

Alpha −0.3% a year −2.3% a year

Alpha t-stat −0.15 −1.36

Information ratio −0.73 −0.94

Tracking error 8.7% 10.6%

Each against its own benchmark: JEPI against SPY, May 29, 2020 to Oct 23, 2026; QYLD against QQQ, Dec 20, 2013 to Oct 23, 2026.

Reading

JEPI and QYLD returned about the same: +91.1% and +91.4%. JEPI swung less: 10.5% to 12.7%. JEPI fell less at its worst: −13.1% to −24.5%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: JEPI vs QYLD: Dividend Yield & Total Return
Measure	JEPI	QYLD	Edge	How it is measured
Return
Total return	+91.1%	+91.4%	Tie	Price change plus distributions, reinvested.
Annualized	+10.6%	+10.6%	Tie	Total return as a yearly rate.
Price return	+11.0%	−12.4%	JEPI	Price change alone, distributions left out.
Risk
Volatility	10.5%	12.7%	JEPI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	7.1%	8.8%	JEPI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−13.1%	−24.5%	JEPI	Deepest fall from a high to the low after it.
Upside capture	42.2%	37.8%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	59.6%	64.8%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.57	0.55	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.75	0.77	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.72	0.62	JEPI	Return above Treasury bills per unit of volatility.
Sortino	1.06	0.89	JEPI	Return above Treasury bills per unit of downside deviation.
Treynor	0.133	0.129		Return above Treasury bills per unit of beta.
Calmar	0.81	0.43	JEPI	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	SPY	QQQ		The ETF each fund is measured against.
Alpha	−0.3% a year	−2.3% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.15	−1.36	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−4.4% to +3.8%	−5.5% to +1.0%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.73	−0.94		Return against its benchmark per unit of tracking error.
Tracking error	8.7%	10.6%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 334 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

26%

By the books each fund has filed, JEPI and QYLD hold 26% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 26, 2026.

50%

0 half 100%

half

26% in common

Positions both hold · largest shared weight first JEPI QYLD

MICROSOFT CORP COMMON 1.98% 5.82%

APPLE INC COMMON STOCK 1.94% 7.65%

AMAZON.COM INC COMMON 1.81% 4.93%

NVIDIA CORP COMMON STOCK 1.79% 8.20%

BROADCOM INC COMMON 1.64% 3.11%

ALPHABET INC-CL A 1.62% 3.50%

META PLATFORMS INC 1.60% 2.78%

COSTCO WHOLESALE CORP 1.56% 1.97%

LAM RESEARCH CORP COMMON 1.20% 1.71%

ADVANCED MICRO DEVICES 0.99% 3.62%

MICRON TECHNOLOGY INC 0.98% 4.32%

PEPSICO INC COMMON STOCK 1.04% 0.89%

Only in one fund ↓

Only in JEPI

MASTERCARD INC COMMON 1.90%

VISA INC COMMON STOCK 1.82%

TRANE TECHNOLOGIES PLC 1.78%

3M CO COMMON STOCK USD 1.77%

EOG RESOURCES INC COMMON 1.77%

NEXTERA ENERGY INC 1.77%

JOHNSON & JOHNSON 1.76%

ABBVIE INC COMMON STOCK 1.73%

Only in QYLD

ALPHABET INC. 3.28%

CISCO SYSTEMS, INC. 2.13%

PALO ALTO NETWORKS, INC. 1.26%

TEXAS INSTRUMENTS INCORPORATED 1.17%

KLA CORPORATION 1.11%

LINDE PUBLIC LIMITED COMPANY 1.03%

AMGEN INC. 0.97%

SPACE EXPLORATION TECHNOLOGIES CORP. 0.97%

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 QYLD Global X NASDAQ 100 Covered Call ETF · Covered call on QQQ, paying monthly

Issuer JPMorgan Global X

Strategy covered call covered call

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

Pays monthly monthly

Payout rate, annualized 7.2% 11.9%

Expense ratio 0.35% 0.60%

Cash paid, 1 year 7.9% 12.3%

Price change, 1 year −0.6% +5.5%

Total return, 1 year +7.6% +18.9%

Benchmark return, 1 year +13.5% +15.4%

Ahead or behind −5.9 pts +3.5 pts

Return of capital, latest estimate not published 99%

Age 6.4 years 12.9 years

Net assets, JEPI as of Oct 26, 2026 and QYLD as of Oct 12, 2026 $45.8bn $8.5bn

As of Oct 27, 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 QYLD: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPI	QYLD	JEPI	QYLD	JEPI	QYLD
3 months	+1.5%	+8.2%	1.9%	3.1%	−2.7 pts	+1.4 pts
6 months	+4.3%	+9.2%	4.0%	6.1%	−4.4 pts	−0.7 pts
1 year	+7.6%	+18.9%	7.9%	12.3%	−5.9 pts	+3.5 pts
3 years	+40.9%	+61.5%	26.3%	39.3%	−53.4 pts	−50.9 pts
Since launchNot the same days: JEPI May 2020 · QYLD Dec 2013	+97.2%	+201.2%	61.5%	117.5%	−88.2 pts	−642.4 pts

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Client brief · page 1 of 2 Report BR-D154753AFA

JEPI and QYLD are built for the same job. How do they differ in cost, holdings and results?

Income paid. JEPI paid 7.9% and QYLD 12.3% (cash paid over 1 year, as a share of its price at the start), a gap of 4.4 points.
What each is measured against. JEPI is measured against S&P 500 through SPY and QYLD against Nasdaq-100 through QQQ.
Holdings in common. 26% of the weight is in the same securities (holdings dated Oct 26, 2026 and Jul 31, 2026).

Data as of Oct 27, 2026.

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About each fund

JEPI

Over the year to Oct 27, 2026, JEPI paid 7.9% of its starting value in cash distributions while its price fell 0.6%. With every distribution reinvested, the fund returned +7.6%. S&P 500 (SPY) returned +13.5% over the same days, so a holder was behind by 5.9 pts. At its price on Oct 27, 2026 the latest distribution annualizes to 7.2%, paid monthly.

QYLD

Over the year to Oct 27, 2026, QYLD paid 12.3% of its starting value in cash distributions while its price rose 5.5%. With every distribution reinvested, the fund returned +18.9%. Nasdaq-100 (QQQ) returned +15.4% over the same days, so a holder was ahead by 3.5 pts. At its price on Oct 27, 2026 the latest distribution annualizes to 11.9%, paid monthly. Global X estimates that 99% 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 QYLD?: Over the year to Oct 27, 2026, JEPI paid 7.9% of its starting price in cash and QYLD paid 12.3%, so QYLD 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 QYLD?: With every distribution reinvested, JEPI returned +7.6% and QYLD +18.9% over the year to Oct 27, 2026.
Which is cheaper, JEPI or QYLD?: JEPI charges 0.35% a year and QYLD charges 0.60%, so JEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPI vs QQQI JEPI vs JEPQ JEPI vs QDTE JEPI vs QRMI QYLD vs SPYI QYLD vs XYLD QYLD vs OMAH QYLD vs ROCY

Where to next

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

Sources and dates

JEPI filings on SEC EDGAR ↗

JEPI prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

QYLD filings on SEC EDGAR ↗

QYLD prospectus with the expense ratio (SEC) ↗

QYLD 19a-1 distribution notice ↗

Global X page for QYLD ↗

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 QYLD, data as of Oct 27, 2026. https://etfiq.com/compare/income/jepi-vs-qyld

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