Which paid more, JEPI or SEPI?

Over the year to Nov 4, 2026, JEPI paid 8.1% of its starting price in cash and SEPI paid 8.9%, so SEPI 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 SEPI?

With every distribution reinvested, JEPI returned +12.0% and SEPI +17.9% over the year to Nov 4, 2026.

Which is cheaper, JEPI or SEPI?

JEPI charges 0.35% a year and SEPI charges 0.54%, so JEPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JEPI vs SEPI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, SEPI paid 8.9% 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 $152m on Jun 30, 2026 for Shelton Equity Premium Income ETF.

JEPI on its own →SEPI on its own →

At a glance

8.1%

JEPI cash paid, 1 year

8.9%

SEPI cash paid, 1 year

+12.0%

JEPI total return, 1 year

+17.9%

SEPI 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%

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.

SEPI · 1 year to Nov 4, 2026 3.1 pts ahead of SPY

SEPI

+17.9%

SPY

+14.8%

3.1 pts ahead of SPY

SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SEPI

+17.9%

8.9% of it arrived as cash

3.1 pts ahead of SPY

Total return, distributions reinvested

3.1 pts ahead of SPY

SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SEPI

+17.9%

8.9% cash

3.1 pts ahead of SPY

8.9% of it arrived as cash. Both charts share one scale, 0 to +17.9%. SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +17.9%. Data to Nov 4, 2026.

Pair scorecard

JEPI costs 0.19 points a year less; their one-year returns differ by 5.9 points.

Points (pts) are percentage points.

JEPI vs SEPI: Dividend Yield & Total Return
Measure	JEPI	SEPI
Paid and earned
Measure	JEPI	SEPI
Total return, 1 year	+12.0%	+17.9%
Price change, 1 year	rose 3.4%	rose 8.3%
Against its benchmark
Measure	JEPI	SEPI
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	JEPI	SEPI
Expense ratio	0.35%	0.54%
Net assets, JEPI as of Nov 3, 2026 and SEPI as of Jun 30, 2026	$46.1bn	$152m
Holdings
Measure	JEPI	SEPI
Holdings in common	22%

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

IQ Income Score76.9JEPI85.9SEPI

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

SEPI 85.9

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

22%

By the books each fund has filed, JEPI and SEPI hold 22% 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

22% in common

Positions both hold · largest shared weight first JEPI SEPI

MICROSOFT CORP COMMON 1.93% 3.55%

APPLE INC COMMON STOCK 1.86% 5.45%

AMAZON.COM INC COMMON 1.81% 3.50%

JOHNSON & JOHNSON COMMON 1.75% 3.44%

NVIDIA CORP COMMON STOCK 1.73% 4.20%

BROADCOM INC COMMON 1.69% 3.20%

ALPHABET INC-CL A 1.67% 4.86%

META PLATFORMS INC COMMON 1.66% 2.90%

RTX CORP 1.26% 1.31%

CITIGROUP INC COMMON 0.98% 1.71%

MICRON TECHNOLOGY INC 0.92% 6.79%

ADVANCED MICRO DEVICES 0.89% 7.84%

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%

COSTCO WHOLESALE CORP 1.72%

PHILIP MORRIS INTERNATIONAL INC 1.72%

ABBVIE INC COMMON STOCK 1.70%

EOG RESOURCES INC COMMON 1.67%

Only in SEPI

CATERPILLAR INC 7.49%

GOLDMAN SACHS GROUP INC (THE) 4.07%

EBAY INC 2.57%

ARISTA NETWORKS INC 2.27%

DUKE ENERGY CORP 2.17%

GENERAL MOTORS COMPANY 2.03%

CARDINAL HEALTH INC 1.98%

AKAMAI TECHNOLOGIES INC 1.87%

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 SEPI Shelton Equity Premium Income ETF · Covered call on SPY, paying monthly

Issuer JPMorgan Shelton

Strategy covered call covered call

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

Pays monthly monthly

Payout rate, annualized 7.1% 8.5%

Expense ratio 0.35% 0.54%

Cash paid, 1 year 8.1% 8.9%

Price change, 1 year +3.4% +8.3%

Total return, 1 year +12.0% +17.9%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −2.8 pts +3.1 pts

Return of capital, latest estimate not published 99%

Age 6.5 years 1.2 years

Net assets, JEPI as of Nov 3, 2026 and SEPI as of Jun 30, 2026 $46.1bn $152m

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 SEPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPI	SEPI	JEPI	SEPI	JEPI	SEPI
3 months	+3.3%	−0.1%	1.8%	2.1%	+3.4 pts	0.0 pts
6 months	+7.3%	+6.8%	3.9%	4.4%	+2.3 pts	+1.8 pts
1 year	+12.0%	+17.9%	8.1%	8.9%	−2.8 pts	+3.1 pts
3 years	+37.9%	–	25.2%	–	−45.1 pts	–
Since launchNot the same days: JEPI May 2020 · SEPI Sep 2025	+102.1%	+23.5%	62.2%	10.0%	−82.3 pts	+3.7 pts

– means no data for this window. Open this comparison in the app →

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.

SEPI

Over the year to Nov 4, 2026, SEPI paid 8.9% of its starting value in cash distributions while its price rose 8.3%. With every distribution reinvested, the fund returned +17.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 3.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.5%, paid monthly. Shelton estimates that 99% of the distribution paid Sep 30, 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 SEPI?: Over the year to Nov 4, 2026, JEPI paid 8.1% of its starting price in cash and SEPI paid 8.9%, so SEPI 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 SEPI?: With every distribution reinvested, JEPI returned +12.0% and SEPI +17.9% over the year to Nov 4, 2026.
Which is cheaper, JEPI or SEPI?: JEPI charges 0.35% a year and SEPI charges 0.54%, so JEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

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Where to next

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

Sources and dates

JEPI filings on SEC EDGAR ↗

JEPI prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

SEPI filings on SEC EDGAR ↗

SEPI prospectus with the expense ratio (SEC) ↗

SEPI 19a-1 distribution notice ↗

Shelton 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 SEPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/jepi-vs-sepi

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