Which is cheaper, JEPI or SCEP?

JEPI charges 0.35% a year and SCEP charges 0.65%, so JEPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JEPI vs SCEP: Dividend Yield & Total Return

JEPI and SCEP both write options for income.

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Net assets: $46.1bn on Nov 3, 2026 for JPMorgan Equity Premium Income ETF, and $235m on Jun 30, 2026 for STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME ETF.

JEPI on its own →SCEP on its own →

At a glance

8.1%

JEPI cash paid, 1 year

6.1%

SCEP cash paid, since launch, Dec 11, 2025

+12.0%

JEPI total return, 1 year

+5.3%

SCEP total return, since launch, Dec 11, 2025

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.

SCEP · since launch to Nov 4, 2026 Not measured

SCEP

+5.3%

none

Not measured

SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.

SCEP

+5.3%

6.1% of it arrived as cash

Total return, distributions reinvested

Not measured

SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.

SCEP

+5.3%

6.1% of it arrived as cash. Both charts share one scale, with zero at the line. SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

JEPI costs 0.30 points a year less.

Points (pts) are percentage points.

JEPI vs SCEP: Dividend Yield & Total Return
Measure	JEPI	SCEP
Paid and earned
Measure	JEPI	SCEP
Total return, 1 year	+12.0%	not published
Price change	rose 3.4% (1 year)	fell 1.1% (6 months)
Return of capital, issuer estimate		100% of the Oct 5, 2026 payment
Against its benchmark
Measure	JEPI	SCEP
Benchmark	S&P 500, measured through SPY	its own stocks
Cost and size
Measure	JEPI	SCEP
Expense ratio	0.35%	0.65%
Net assets, JEPI as of Nov 3, 2026 and SCEP as of Jun 30, 2026	$46.1bn	$235m
Holdings
Measure	JEPI	SCEP
Holdings in common	26%

Method

What they share

26%

By the books each fund has filed, JEPI and SCEP hold 26% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

26% in common

Positions both hold · largest shared weight first JEPI SCEP

MICROSOFT CORP COMMON 1.93% 3.43%

APPLE INC COMMON STOCK 1.86% 5.61%

AMAZON.COM INC COMMON 1.81% 4.60%

NVIDIA CORP COMMON STOCK 1.73% 5.61%

COSTCO WHOLESALE CORP 1.72% 2.36%

BROADCOM INC COMMON 1.69% 5.51%

ALPHABET INC-CL A 1.67% 5.88%

META PLATFORMS INC COMMON 1.66% 2.19%

ABBVIE INC COMMON STOCK 1.70% 1.60%

JOHNSON & JOHNSON COMMON 1.75% 1.51%

LAM RESEARCH CORP COMMON 1.16% 2.60%

VERTIV HOLDINGS CO 1.07% 1.79%

Only in one fund ↓

Only in JEPI

VISA INC COMMON STOCK USD 1.88%

NEXTERA ENERGY INC 1.81%

3M CO COMMON STOCK USD 1.80%

PHILIP MORRIS INTERNATIONAL INC 1.72%

EOG RESOURCES INC COMMON 1.67%

TRANE TECHNOLOGIES PLC 1.63%

LOWE'S COS INC COMMON 1.59%

MONDELEZ INTERNATIONAL 1.34%

Only in SCEP

JP MORGAN CHASE & COMPANY 3.50%

PARKER-HANNIFIN CORP 2.59%

WILLIAMS COMPANIES INC (THE) 2.11%

ILLINOIS TOOL WORKS INC 2.04%

EQUINIX INC 2.02%

VISA INC 1.94%

MONOLITHIC POWER SYSTEMS INC 1.86%

ANALOG DEVICES INC 1.84%

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 SCEP STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME ETF · Covered call on its own stocks, paying monthly

Issuer JPMorgan Sterling Capital

Strategy covered call covered call

Benchmark S&P 500 (SPY) SCEP's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026)

Pays monthly monthly

Payout rate, annualized 7.1% 7.0%

Expense ratio 0.35% 0.65%

Cash paid, 1 year 8.1% 6.1% (since launch, Dec 11, 2025)

Price change, 1 year +3.4% −1.0% (since launch, Dec 11, 2025)

Total return, 1 year +12.0% +5.3% (since launch, Dec 11, 2025)

Benchmark return, 1 year +14.8% not published

Ahead or behind −2.8 pts not available

Return of capital, latest estimate not published 100%

Age 6.5 years 328 days

Net assets, JEPI as of Nov 3, 2026 and SCEP as of Jun 30, 2026 $46.1bn $235m

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 SCEP: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPI	SCEP	JEPI	SCEP	JEPI	SCEP
3 months	+3.3%	−1.2%	1.8%	1.7%	+3.4 pts	+0.8 pts
6 months	+7.3%	+2.4%	3.9%	3.5%	+2.3 pts	+0.4 pts
1 year	+12.0%	–	8.1%	–	−2.8 pts	–
3 years	+37.9%	–	25.2%	–	−45.1 pts	–
Since launchNot the same days: JEPI May 2020 · SCEP Dec 2025	+102.1%	+5.3%	62.2%	6.1%	−82.3 pts	not measured

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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.

SCEP

SCEP's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned +2.1% over the same days, so a holder was about even.

Over the 6 months to Nov 4, 2026, SCEP paid 3.5% of its starting value in cash distributions while its price fell 1.1%. With every distribution reinvested, the fund returned +2.4%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.0%, paid monthly. Sterling Capital estimates that 100% of the distribution paid Oct 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, JEPI or SCEP?: JEPI charges 0.35% a year and SCEP charges 0.65%, so JEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPI vs JUDO JEPI vs RNTY JEPI vs TCAL JEPI vs GRNI SCEP vs SPYI SCEP vs XYLD SCEP vs BALI SCEP vs OMAH

Where to next

S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →JEPI on its own →SCEP on its own →JEPI dividend history →JEPI holdings →SCEP dividend history →SCEP holdings →Method →Standards and sources →

Sources and dates

JEPI filings on SEC EDGAR ↗

JEPI prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

SCEP filings on SEC EDGAR ↗

SCEP prospectus with the expense ratio (SEC) ↗

SCEP 19a-1 distribution notice ↗

Sterling Capital website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

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

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