Which paid more, JEPI or QYLG?

Over the year to Nov 4, 2026, JEPI paid 8.1% of its starting price in cash and QYLG paid 16.7%, so QYLG 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 QYLG?

With every distribution reinvested, JEPI returned +12.0% and QYLG +14.4% over the year to Nov 4, 2026.

Which is cheaper, JEPI or QYLG?

JEPI and QYLG both charge 0.35% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JEPI vs QYLG: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, QYLG paid 16.7% 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 $183m on Oct 12, 2026 for Global X Nasdaq 100 Covered Call & Growth ETF.

JEPI on its own →QYLG on its own →

At a glance

8.1%

JEPI cash paid, 1 year

16.7%

QYLG cash paid, 1 year

+12.0%

JEPI total return, 1 year

+14.4%

QYLG 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.

QYLG · 1 year to Nov 4, 2026 2.1 pts ahead of QQQ

QYLG

+14.4%

QQQ

+12.3%

2.1 pts ahead of QQQ

QYLG over 1 year: paid 16.7%, price −3.9%, total +14.4%, QQQ +12.3%, +2.1 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QYLG

+14.4%

16.7% of it arrived as cash

2.1 pts ahead of QQQ

Total return, distributions reinvested

2.1 pts ahead of QQQ

QYLG over 1 year: paid 16.7%, price −3.9%, total +14.4%, QQQ +12.3%, +2.1 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QYLG

+14.4%

16.7% as cash

2.1 pts ahead of QQQ

16.7% of it arrived as cash. Both charts share one scale, with zero at the line. QYLG over 1 year: paid 16.7%, price −3.9%, total +14.4%, QQQ +12.3%, +2.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

Both cost 0.35% a year; their one-year returns differ by 2.4 points; JEPI is far larger, $45.8bn against $183m.

Points (pts) are percentage points.

JEPI vs QYLG: Dividend Yield & Total Return
Measure	JEPI	QYLG
Paid and earned
Measure	JEPI	QYLG
Total return, 1 year	+12.0%	+14.4%
Price change, 1 year	rose 3.4%	fell 3.9%
Return of capital, issuer estimate		93% of the Sep 24, 2026 payment
Against its benchmark
Measure	JEPI	QYLG
Benchmark	S&P 500, measured through SPY	Nasdaq-100, measured through QQQ
Cost and size
Measure	JEPI	QYLG
Expense ratio	0.35%	0.35%
Net assets, as of Oct 12, 2026	$45.8bn	$183m
Holdings
Measure	JEPI	QYLG
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 Score76.9JEPI49.4QYLG

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

QYLG 49.4

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

Risk and return

Oct 2, 2020 to Oct 30, 2026 · 317 weekly returns

JEPI QYLG

Return

Total return edge QYLG +81.8% +111.1%

Annualized edge QYLG +10.3% +13.0%

Price return edge JEPI +9.1% +4.8%

Risk

Volatility edge JEPI 10.5% 16.4%

Max drawdown edge JEPI −13.1% −29.9%

Downside capture 58.9% 84.8%

Beta 0.57 0.76

Risk-adjusted

Sharpe edge JEPI (slight) 0.68 0.63

Sortino edge JEPI (slight) 1.00 0.94

Treynor 0.136 0.136

Calmar edge JEPI 0.79 0.44

Against the benchmark

Alpha −0.1% a year −0.8% a year

Alpha t-stat −0.03 −0.60

Information ratio −0.69 −0.72

Tracking error 8.7% 6.1%

Each against its own benchmark: JEPI against SPY, May 29, 2020 to Oct 30, 2026; QYLG against QQQ, Oct 2, 2020 to Oct 30, 2026.

Reading

From Oct 2020 to Oct 2026, QYLG returned more: +111.1% to +81.8%. JEPI swung less: 10.5% to 16.4%. JEPI fell less at its worst: −13.1% to −29.9%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: JEPI vs QYLG: Dividend Yield & Total Return
Measure	JEPI	QYLG	Edge	How it is measured
Return
Total return	+81.8%	+111.1%	QYLG	Price change plus distributions, reinvested.
Annualized	+10.3%	+13.0%	QYLG	Total return as a yearly rate.
Price return	+9.1%	+4.8%	JEPI	Price change alone, distributions left out.
Risk
Volatility	10.5%	16.4%	JEPI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	7.1%	11.0%	JEPI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−13.1%	−29.9%	JEPI	Deepest fall from a high to the low after it.
Upside capture	42.2%	63.8%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	58.9%	84.8%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.57	0.76	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.75	0.96	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.68	0.63	JEPI (slight)	Return above Treasury bills per unit of volatility.
Sortino	1.00	0.94	JEPI (slight)	Return above Treasury bills per unit of downside deviation.
Treynor	0.136	0.136		Return above Treasury bills per unit of beta.
Calmar	0.79	0.44	JEPI	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	SPY	QQQ		The ETF each fund is measured against.
Alpha	−0.1% a year	−0.8% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.03	−0.60	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−4.2% to +4.0%	−3.6% to +1.9%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.69	−0.72		Return against its benchmark per unit of tracking error.
Tracking error	8.7%	6.1%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 317 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

27%

By the books each fund has filed, JEPI and QYLG 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 QYLG

MICROSOFT CORP COMMON 1.93% 5.78%

APPLE INC COMMON STOCK 1.86% 7.59%

AMAZON.COM INC COMMON 1.81% 4.89%

NVIDIA CORP COMMON STOCK 1.73% 8.13%

COSTCO WHOLESALE CORP 1.72% 1.95%

BROADCOM INC COMMON 1.69% 3.09%

ALPHABET INC-CL A 1.67% 3.47%

META PLATFORMS INC COMMON 1.66% 2.76%

LAM RESEARCH CORP COMMON 1.16% 1.69%

MICRON TECHNOLOGY INC 0.92% 4.29%

ADVANCED MICRO DEVICES 0.89% 3.59%

PEPSICO INC COMMON STOCK 1.05% 0.88%

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 QYLG

ALPHABET INC. 3.25%

CISCO SYSTEMS, INC. 2.11%

PALO ALTO NETWORKS, INC. 1.25%

KLA CORPORATION 1.10%

LINDE PUBLIC LIMITED COMPANY 1.02%

AMGEN INC. 0.96%

SPACE EXPLORATION TECHNOLOGIES CORP. 0.96%

SANDISK CORPORATION 0.83%

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 QYLG Global X Nasdaq 100 Covered Call & Growth 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 7.1% 7.1%

Expense ratio 0.35% 0.35%

Cash paid, 1 year 8.1% 16.7%

Price change, 1 year +3.4% −3.9%

Total return, 1 year +12.0% +14.4%

Benchmark return, 1 year +14.8% +12.3%

Ahead or behind −2.8 pts +2.1 pts

Return of capital, latest estimate not published 93%

Age 6.5 years 6.1 years

Net assets, JEPI as of Nov 3, 2026 and QYLG as of Oct 12, 2026 $46.1bn $183m

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 QYLG: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPI	QYLG	JEPI	QYLG	JEPI	QYLG
3 months	+3.3%	−0.8%	1.8%	1.6%	+3.4 pts	+2.6 pts
6 months	+7.3%	+2.5%	3.9%	4.0%	+2.3 pts	+2.8 pts
1 year	+12.0%	+14.4%	8.1%	16.7%	−2.8 pts	+2.1 pts
3 years	+37.9%	+72.0%	25.2%	52.1%	−45.1 pts	−19.4 pts
Since launchNot the same days: JEPI May 2020 · QYLG Sep 2020	+102.1%	+116.2%	62.2%	76.4%	−82.3 pts	−46.8 pts

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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.

QYLG

Over the year to Nov 4, 2026, QYLG paid 16.7% of its starting value in cash distributions while its price fell 3.9%. With every distribution reinvested, the fund returned +14.4%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 2.1 pts. Global X estimates that 93% 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 QYLG?: Over the year to Nov 4, 2026, JEPI paid 8.1% of its starting price in cash and QYLG paid 16.7%, so QYLG 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 QYLG?: With every distribution reinvested, JEPI returned +12.0% and QYLG +14.4% over the year to Nov 4, 2026.
Which is cheaper, JEPI or QYLG?: JEPI and QYLG both charge 0.35% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPI vs QYLD JEPI vs QQQY JEPI vs TDAQ JEPI vs CAIQ QYLG vs SPYI QYLG vs XYLD QYLG vs OMAH QYLG vs ROCY

Where to next

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

Sources and dates

JEPI filings on SEC EDGAR ↗

JEPI prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

QYLG filings on SEC EDGAR ↗

QYLG prospectus with the expense ratio (SEC) ↗

QYLG 19a-1 distribution notice ↗

Global X page for QYLG ↗

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

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