Which paid more, JEPI or SCLZ?

Over the year to Nov 4, 2026, JEPI paid 8.1% of its starting price in cash and SCLZ paid 8.5%, so SCLZ 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 SCLZ?

With every distribution reinvested, JEPI returned +12.0% and SCLZ +10.6% over the year to Nov 4, 2026.

Which is cheaper, JEPI or SCLZ?

JEPI charges 0.35% a year and SCLZ charges 0.79%, so JEPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JEPI vs SCLZ: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, SCLZ paid 8.5% 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 $20m on Jun 30, 2026 for Swan Enhanced Dividend Income ETF.

JEPI on its own →SCLZ on its own →

At a glance

8.1%

JEPI cash paid, 1 year

8.5%

SCLZ cash paid, 1 year

+12.0%

JEPI total return, 1 year

+10.6%

SCLZ 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.

SCLZ · 1 year to Nov 4, 2026 4.2 pts behind SPY

SCLZ

+10.6%

SPY

+14.8%

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% of it arrived as cash

4.2 pts behind SPY

Total return, distributions reinvested

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% cash

4.2 pts behind SPY

8.5% of it arrived as cash. Both charts share one scale, 0 to +14.8%. SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.

Pair scorecard

JEPI costs 0.44 points a year less; their one-year returns differ by 1.4 points.

Points (pts) are percentage points.

JEPI vs SCLZ: Dividend Yield & Total Return
Measure	JEPI	SCLZ
Paid and earned
Measure	JEPI	SCLZ
Total return, 1 year	+12.0%	+10.6%
Price change, 1 year	rose 3.4%	rose 1.6%
Against its benchmark
Measure	JEPI	SCLZ
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	JEPI	SCLZ
Expense ratio	0.35%	0.79%
Net assets, JEPI as of Nov 3, 2026 and SCLZ as of Jun 30, 2026	$46.1bn	$20m
Holdings
Measure	JEPI	SCLZ
Holdings in common	28%

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

IQ Income Score76.9JEPI71.6SCLZ

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

SCLZ 71.6

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

28%

By the books each fund has filed, JEPI and SCLZ hold 28% 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

28% in common

Positions both hold · largest shared weight first JEPI SCLZ

MICROSOFT CORP COMMON 1.93% 3.74%

APPLE INC COMMON STOCK 1.86% 6.20%

AMAZON.COM INC COMMON 1.81% 3.77%

MASTERCARD INC COMMON 1.99% 1.75%

JOHNSON & JOHNSON COMMON 1.75% 2.43%

NVIDIA CORP COMMON STOCK 1.73% 6.03%

ABBVIE INC COMMON STOCK 1.70% 1.84%

BROADCOM INC COMMON 1.69% 4.74%

ALPHABET INC-CL A 1.67% 5.22%

META PLATFORMS INC COMMON 1.66% 3.36%

RTX CORP 1.26% 1.36%

PHILIP MORRIS INTERNATIONAL INC 1.72% 0.94%

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%

EOG RESOURCES INC COMMON 1.67%

TRANE TECHNOLOGIES PLC 1.63%

LOWE'S COS INC COMMON 1.59%

MONDELEZ INTERNATIONAL 1.34%

HOWMET AEROSPACE INC 1.30%

Only in SCLZ

ELI LILLY & COMPANY 3.88%

JP MORGAN CHASE & COMPANY 3.53%

CISCO SYSTEMS INC 3.03%

GE AEROSPACE 2.76%

VISA INC 2.29%

EXXON MOBIL CORP 1.94%

CATERPILLAR INC 1.86%

HOME DEPOT INC (THE) 1.53%

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 SCLZ Swan Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly

Issuer JPMorgan Swan

Strategy covered call dividend stocks with call overlay

Benchmark S&P 500 (SPY) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 7.1% 8.7%

Expense ratio 0.35% 0.79%

Cash paid, 1 year 8.1% 8.5%

Price change, 1 year +3.4% +1.6%

Total return, 1 year +12.0% +10.6%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −2.8 pts −4.2 pts

Return of capital, latest estimate not published not published

Age 6.5 years 2.7 years

Net assets, JEPI as of Nov 3, 2026 and SCLZ as of Jun 30, 2026 $46.1bn $20m

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 SCLZ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPI	SCLZ	JEPI	SCLZ	JEPI	SCLZ
3 months	+3.3%	0.0%	1.8%	2.1%	+3.4 pts	+0.2 pts
6 months	+7.3%	+4.4%	3.9%	4.3%	+2.3 pts	−0.6 pts
1 year	+12.0%	+10.6%	8.1%	8.5%	−2.8 pts	−4.2 pts
3 years	+37.9%	–	25.2%	–	−45.1 pts	–
Since launchNot the same days: JEPI May 2020 · SCLZ Feb 2024	+102.1%	+35.4%	62.2%	21.2%	−82.3 pts	−20.8 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.

SCLZ

Over the year to Nov 4, 2026, SCLZ paid 8.5% of its starting value in cash distributions while its price rose 1.6%. With every distribution reinvested, the fund returned +10.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.7%, paid monthly.

Questions people ask

Which paid more, JEPI or SCLZ?: Over the year to Nov 4, 2026, JEPI paid 8.1% of its starting price in cash and SCLZ paid 8.5%, so SCLZ 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 SCLZ?: With every distribution reinvested, JEPI returned +12.0% and SCLZ +10.6% over the year to Nov 4, 2026.
Which is cheaper, JEPI or SCLZ?: JEPI charges 0.35% a year and SCLZ charges 0.79%, so JEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPI vs QUSA JEPI vs JULJ JEPI vs BIGY JEPI vs ACKY SCLZ vs SPYI SCLZ vs XYLD SCLZ vs OMAH SCLZ vs ROCY

Where to next

S&P 500 (SPY) →JEPI on its own →SCLZ on its own →JEPI dividend history →JEPI holdings →SCLZ dividend history →SCLZ holdings →Method →Standards and sources →

Sources and dates

JEPI filings on SEC EDGAR ↗

JEPI prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

SCLZ filings on SEC EDGAR ↗

SCLZ prospectus with the expense ratio (SEC) ↗

Swan website ↗

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

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