Which paid more, JEPI or XRMI?

Over the year to Nov 4, 2026, JEPI paid 8.1% of its starting price in cash and XRMI paid 11.9%, so XRMI 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 XRMI?

With every distribution reinvested, JEPI returned +12.0% and XRMI +8.7% over the year to Nov 4, 2026.

Which is cheaper, JEPI or XRMI?

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

Data as of Nov 4, 2026.

Income ETFs

JEPI vs XRMI: Dividend Yield & Total Return

Share on X Download as PDF

Over the year to Nov 4, 2026, XRMI paid 11.9% of its price in cash against JEPI’s 8.1%, though JEPI returned more with it reinvested.

askIQ about this page

askIQ about JEPI and XRMI

Net assets: $46.1bn on Nov 3, 2026 for JPMorgan Equity Premium Income ETF, and $62m on Oct 12, 2026 for Global X S&P 500 Risk Managed Income ETF.

JEPI on its own →XRMI on its own →

At a glance

8.1%

JEPI cash paid, 1 year

11.9%

XRMI cash paid, 1 year

+12.0%

JEPI total return, 1 year

+8.7%

XRMI 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.

XRMI · 1 year to Nov 4, 2026 6.1 pts behind SPY

XRMI

+8.7%

SPY

+14.8%

6.1 pts behind SPY

XRMI over 1 year: paid 11.9%, price −3.8%, total +8.7%, SPY +14.8%, −6.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

XRMI

+8.7%

11.9% of it arrived as cash

6.1 pts behind SPY

Total return, distributions reinvested

6.1 pts behind SPY

XRMI over 1 year: paid 11.9%, price −3.8%, total +8.7%, SPY +14.8%, −6.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

XRMI

+8.7%

11.9% cash

6.1 pts behind SPY

11.9% of it arrived as cash. Both charts share one scale, with zero at the line. XRMI over 1 year: paid 11.9%, price −3.8%, total +8.7%, SPY +14.8%, −6.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

JEPI costs 0.25 points a year less; their one-year returns differ by 3.3 points; JEPI is far larger, $45.8bn against $62m.

Points (pts) are percentage points.

JEPI vs XRMI: Dividend Yield & Total Return
Measure	JEPI	XRMI
Paid and earned
Measure	JEPI	XRMI
Total return, 1 year	+12.0%	+8.7%
Price change, 1 year	rose 3.4%	fell 3.8%
Return of capital, issuer estimate		95% of the Sep 24, 2026 payment
Against its benchmark
Measure	JEPI	XRMI
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	JEPI	XRMI
Expense ratio	0.35%	0.60%
Net assets, as of Oct 12, 2026	$45.8bn	$62m
Holdings
Measure	JEPI	XRMI
Holdings in common	39%

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

IQ Income Score76.9JEPI45.2XRMI

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

XRMI 45.2

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

39%

By the books each fund has filed, JEPI and XRMI hold 39% 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

39% in common

Positions both hold · largest shared weight first JEPI XRMI

MICROSOFT CORP COMMON 1.93% 5.42%

APPLE INC COMMON STOCK 1.86% 7.12%

AMAZON.COM INC COMMON 1.81% 4.17%

NVIDIA CORP COMMON STOCK 1.73% 7.63%

BROADCOM INC COMMON 1.69% 2.89%

ALPHABET INC-CL A 1.67% 3.28%

META PLATFORMS INC COMMON 1.66% 1.92%

ELI LILLY AND COMPANY 1.17% 1.42%

JOHNSON & JOHNSON COMMON 1.75% 0.97%

VISA INC COMMON STOCK USD 1.88% 0.95%

MICRON TECHNOLOGY INC 0.92% 1.46%

ADVANCED MICRO DEVICES 0.89% 1.22%

Only in one fund ↓

Only in JEPI

S&P 500 equity-linked note 10 0.96%

S&P 500 equity-linked note 11 0.96%

S&P 500 equity-linked note 12 0.96%

S&P 500 equity-linked note 22 0.96%

S&P 500 equity-linked note 18 0.92%

S&P 500 equity-linked note 14 0.91%

S&P 500 equity-linked note 15 0.91%

S&P 500 equity-linked note 16 0.91%

Only in XRMI

ALPHABET INC. 2.64%

JPMORGAN CHASE & CO. 1.48%

CISCO SYSTEMS, INC. 0.72%

BANK OF AMERICA CORPORATION 0.63%

GENERAL ELECTRIC COMPANY 0.59%

CATERPILLAR INC. 0.59%

CHEVRON CORPORATION 0.58%

THE HOME DEPOT, INC. 0.52%

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 XRMI Global X S&P 500 Risk Managed Income ETF · Option income on SPY, paying monthly

Issuer JPMorgan Global X

Strategy covered call option income

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

Pays monthly monthly

Payout rate, annualized 7.1% 10.6%

Expense ratio 0.35% 0.60%

Cash paid, 1 year 8.1% 11.9%

Price change, 1 year +3.4% −3.8%

Total return, 1 year +12.0% +8.7%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −2.8 pts −6.1 pts

Return of capital, latest estimate not published 95%

Age 6.5 years 5.2 years

Net assets, JEPI as of Nov 3, 2026 and XRMI as of Oct 12, 2026 $46.1bn $62m

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 XRMI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPI	XRMI	JEPI	XRMI	JEPI	XRMI
3 months	+3.3%	+1.6%	1.8%	2.9%	+3.4 pts	+1.8 pts
6 months	+7.3%	+5.4%	3.9%	6.0%	+2.3 pts	+0.4 pts
1 year	+12.0%	+8.7%	8.1%	11.9%	−2.8 pts	−6.1 pts
3 years	+37.9%	+30.8%	25.2%	35.1%	−45.1 pts	−52.2 pts
Since launchNot the same days: JEPI May 2020 · XRMI Aug 2021	+102.1%	+17.6%	62.2%	45.0%	−82.3 pts	−66.7 pts

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.

XRMI

Over the year to Nov 4, 2026, XRMI paid 11.9% of its starting value in cash distributions while its price fell 3.8%. With every distribution reinvested, the fund returned +8.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 6.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 10.6%, paid monthly. Global X estimates that 95% 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 XRMI?: Over the year to Nov 4, 2026, JEPI paid 8.1% of its starting price in cash and XRMI paid 11.9%, so XRMI 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 XRMI?: With every distribution reinvested, JEPI returned +12.0% and XRMI +8.7% over the year to Nov 4, 2026.
Which is cheaper, JEPI or XRMI?: JEPI charges 0.35% a year and XRMI charges 0.60%, so JEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPI vs WDTE JEPI vs SPIN JEPI vs ACKY JEPI vs BIGY XRMI vs XYLD XRMI vs OMAH XRMI vs SPYI XRMI vs ROCY

Where to next

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

Sources and dates

JEPI filings on SEC EDGAR ↗

JEPI prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

XRMI filings on SEC EDGAR ↗

XRMI prospectus with the expense ratio (SEC) ↗

XRMI 19a-1 distribution notice ↗

Global X page for XRMI ↗

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

Open data →

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