Which paid more, JEPI or XYLD?

Over the year to Oct 27, 2026, JEPI paid 7.9% of its starting price in cash and XYLD paid 10.6%, so XYLD 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 XYLD?

With every distribution reinvested, JEPI returned +7.6% and XYLD +15.5% over the year to Oct 27, 2026.

Which is cheaper, JEPI or XYLD?

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

Data as of Oct 27, 2026.

Income ETFs

JEPI vs XYLD: Dividend Yield & Total Return

Share on X Download as PDF

Over the year to Oct 27, 2026, XYLD paid 10.6% of its price in cash against JEPI’s 7.9%, and returned more with it reinvested.

askIQ about this page

askIQ about JEPI and XYLD

Net assets: $45.8bn on Oct 26, 2026 for JPMorgan Equity Premium Income ETF, and $3.4bn on Oct 12, 2026 for Global X S&P 500 Covered Call ETF.

JEPI on its own →XYLD on its own →

At a glance

7.9%

JEPI cash paid, 1 year

10.6%

XYLD cash paid, 1 year

+7.6%

JEPI total return, 1 year

+15.5%

XYLD total return, 1 year

JEPI · 1 year to Oct 27, 2026 5.9 pts behind SPY

JEPI

+7.6%

SPY

+13.5%

5.9 pts behind SPY

JEPI over 1 year: paid 7.9%, price −0.6%, total +7.6%, SPY +13.5%, −5.9 pts. Data to Oct 27, 2026.

SPY

+13.5%

JEPI

+7.6%

7.9% of it arrived as cash

5.9 pts behind SPY

Total return, distributions reinvested

5.9 pts behind SPY

JEPI over 1 year: paid 7.9%, price −0.6%, total +7.6%, SPY +13.5%, −5.9 pts. Data to Oct 27, 2026.

SPY

+13.5%

JEPI

+7.6%

5.9 pts behind SPY

7.9% of it arrived as cash. Total return, distributions reinvested. JEPI over 1 year: paid 7.9%, price −0.6%, total +7.6%, SPY +13.5%, −5.9 pts. Data to Oct 27, 2026.

Data to Oct 27, 2026.

XYLD · 1 year to Oct 27, 2026 2 pts ahead of SPY

XYLD

+15.5%

SPY

+13.5%

2 pts ahead of SPY

XYLD over 1 year: paid 10.6%, price +4.1%, total +15.5%, SPY +13.5%, +2.0 pts. Data to Oct 27, 2026.

SPY

+13.5%

XYLD

+15.5%

10.6% of it arrived as cash

2 pts ahead of SPY

Total return, distributions reinvested

2 pts ahead of SPY

XYLD over 1 year: paid 10.6%, price +4.1%, total +15.5%, SPY +13.5%, +2.0 pts. Data to Oct 27, 2026.

SPY

+13.5%

XYLD

+15.5%

10.6% as cash

2 pts ahead of SPY

10.6% of it arrived as cash. Both charts share one scale, with zero at the line. XYLD over 1 year: paid 10.6%, price +4.1%, total +15.5%, SPY +13.5%, +2.0 pts. Data to Oct 27, 2026.

Data to Oct 27, 2026.

Pair scorecard

JEPI costs 0.25 points a year less; their one-year returns differ by 7.9 points; JEPI is 13.5 times larger.

Points (pts) are percentage points.

JEPI vs XYLD: Dividend Yield & Total Return
Measure	JEPI	XYLD
Paid and earned
Measure	JEPI	XYLD
Total return, 1 year	+7.6%	+15.5%
Price change, 1 year	fell 0.6%	rose 4.1%
Return of capital, issuer estimate		93% of the Sep 24, 2026 payment
Against its benchmark
Measure	JEPI	XYLD
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Against its benchmark, same days	behind by 5.9 pts	ahead by 2.0 pts
Cost and size
Measure	JEPI	XYLD
Expense ratio	0.35%	0.60%
Net assets, as of Oct 12, 2026	$45.8bn	$3.4bn
Holdings
Measure	JEPI	XYLD
Holdings in common	39%

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

IQ Income Score58.2JEPI79.1XYLD

How much of its payouts the fund's total return covered, ranked against 165 income ETFs not writing on a single company. 100 is best. How it is computed

JEPI 58.2

XYLD 79.1

0.3, the lowest in this set 99.7, the highest

A percentile among the 165 income ETFs not writing on a single company. 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 →

Holdings in common uses holdings dated Jul 31, 2026 and Oct 26, 2026. Method

Risk and return

May 29, 2020 to Oct 23, 2026 · 334 weekly returns · each against SPY

JEPI XYLD

Return

Total return edge XYLD (slight) +91.1% +94.1%

Annualized edge XYLD (slight) +10.6% +10.9%

Price return edge JEPI +11.0% −2.4%

Risk

Volatility edge XYLD (slight) 10.5% 9.9%

Max drawdown edge JEPI −13.1% −18.5%

Downside capture 59.6% 53.9%

Beta 0.57 0.52

Risk-adjusted

Sharpe edge XYLD (slight) 0.72 0.78

Sortino edge XYLD (slight) 1.06 1.11

Treynor 0.133 0.148

Calmar edge JEPI 0.81 0.59

Against the benchmark

Alpha −0.3% a year +0.5% a year

Alpha t-stat −0.15 0.24

Information ratio −0.73 −0.66

Tracking error 8.7% 9.3%

Reading

XYLD returned slightly more: +94.1% to +91.1%. XYLD swung slightly less: 9.9% to 10.5%. JEPI fell less at its worst: −13.1% to −18.5%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: JEPI vs XYLD: Dividend Yield & Total Return
Measure	JEPI	XYLD	SPY	Edge	How it is measured
Return
Total return	+91.1%	+94.1%		XYLD (slight)	Price change plus distributions, reinvested.
Annualized	+10.6%	+10.9%		XYLD (slight)	Total return as a yearly rate.
Price return	+11.0%	−2.4%		JEPI	Price change alone, distributions left out.
Risk
Volatility	10.5%	9.9%		XYLD (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	7.1%	7.0%		Tie	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−13.1%	−18.5%		JEPI	Deepest fall from a high to the low after it.
Upside capture	42.2%	38.8%	100.0%	JEPI (slight)	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	59.6%	53.9%	100.0%	XYLD (slight)	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.57	0.52	1.00	XYLD lower	How far it moves for each 1% its benchmark moves.
R squared	0.75	0.72	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.72	0.78		XYLD (slight)	Return above Treasury bills per unit of volatility.
Sortino	1.06	1.11		XYLD (slight)	Return above Treasury bills per unit of downside deviation.
Treynor	0.133	0.148	0.139	XYLD	Return above Treasury bills per unit of beta.
Calmar	0.81	0.59		JEPI	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	SPY	SPY	SPY		The ETF each fund is measured against.
Alpha	−0.3% a year	+0.5% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.15	0.24		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−4.4% to +3.8%	−3.6% to +4.6%		Both include zero	The 95% range for the yearly alpha.
Information ratio	−0.73	−0.66		XYLD (slight)	Return against its benchmark per unit of tracking error.
Tracking error	8.7%	9.3%	0.0%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 334 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

39%

By the books each fund has filed, JEPI and XYLD hold 39% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 26, 2026.

50%

0 half 100%

half

39% in common

Positions both hold · largest shared weight first JEPI XYLD

MICROSOFT CORP COMMON 1.98% 5.42%

APPLE INC COMMON STOCK 1.94% 7.13%

AMAZON.COM INC COMMON 1.81% 4.18%

NVIDIA CORP COMMON STOCK 1.79% 7.64%

BROADCOM INC COMMON 1.64% 2.90%

ALPHABET INC-CL A 1.62% 3.28%

META PLATFORMS INC 1.60% 1.92%

ELI LILLY AND COMPANY 1.07% 1.43%

ADVANCED MICRO DEVICES 0.99% 1.22%

MICRON TECHNOLOGY INC 0.98% 1.46%

JOHNSON & JOHNSON 1.76% 0.97%

VISA INC COMMON STOCK 1.82% 0.95%

Only in one fund ↓

Only in JEPI

S&P 500 equity-linked note 10 0.98%

S&P 500 equity-linked note 11 0.98%

S&P 500 equity-linked note 12 0.98%

S&P 500 equity-linked note 17 0.93%

S&P 500 equity-linked note 14 0.92%

S&P 500 equity-linked note 15 0.92%

S&P 500 equity-linked note 16 0.92%

S&P 500 equity-linked note 18 0.92%

Only in XYLD

ALPHABET INC. 2.65%

JPMORGAN CHASE & CO. 1.48%

CISCO SYSTEMS, INC. 0.72%

GENERAL ELECTRIC COMPANY 0.59%

CATERPILLAR INC. 0.59%

CHEVRON CORPORATION 0.58%

THE HOME DEPOT, INC. 0.52%

THE GOLDMAN SACHS GROUP, INC. 0.47%

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 XYLD Global X S&P 500 Covered Call ETF · Covered call on SPY, paying monthly

Issuer JPMorgan Global X

Strategy covered call covered call

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

Pays monthly monthly

Payout rate, annualized 7.2% 9.1%

Expense ratio 0.35% 0.60%

Cash paid, 1 year 7.9% 10.6%

Price change, 1 year −0.6% +4.1%

Total return, 1 year +7.6% +15.5%

Benchmark return, 1 year +13.5% +13.5%

Ahead or behind −5.9 pts +2.0 pts

Return of capital, latest estimate not published 93%

Age 6.4 years 13.3 years

Net assets, JEPI as of Oct 26, 2026 and XYLD as of Oct 12, 2026 $45.8bn $3.4bn

As of Oct 27, 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 XYLD: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPI	XYLD	JEPI	XYLD	JEPI	XYLD
3 months	+1.5%	+3.9%	1.9%	2.3%	−2.7 pts	−0.3 pts
6 months	+4.3%	+9.0%	4.0%	5.2%	−4.4 pts	+0.3 pts
1 year	+7.6%	+15.5%	7.9%	10.6%	−5.9 pts	+2.0 pts
3 years	+40.9%	+53.0%	26.3%	35.1%	−53.4 pts	−41.3 pts
Since launchNot the same days: JEPI May 2020 · XYLD Jun 2013	+97.2%	+194.4%	61.5%	114.5%	−88.2 pts	−318.7 pts

Open this comparison in the app →

Client brief · page 1 of 2 Report BR-7CC565B302

JEPI and XYLD are built for the same job. How do they differ in cost, holdings and results?

Income paid. JEPI paid 7.9% and XYLD 10.6% (cash paid over 1 year, as a share of its price at the start), a gap of 2.7 points.
Holdings in common. 39% of the weight is in the same securities (holdings dated Oct 26, 2026 and Jul 31, 2026).
One-year total return. Over 1 year to Oct 27, 2026 JEPI returned +7.6% and XYLD +15.5% with distributions reinvested, a gap of 7.9 points.

Data as of Oct 27, 2026.

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

JEPI

Over the year to Oct 27, 2026, JEPI paid 7.9% of its starting value in cash distributions while its price fell 0.6%. With every distribution reinvested, the fund returned +7.6%. S&P 500 (SPY) returned +13.5% over the same days, so a holder was behind by 5.9 pts. At its price on Oct 27, 2026 the latest distribution annualizes to 7.2%, paid monthly.

XYLD

Over the year to Oct 27, 2026, XYLD paid 10.6% of its starting value in cash distributions while its price rose 4.1%. With every distribution reinvested, the fund returned +15.5%. S&P 500 (SPY) returned +13.5% over the same days, so a holder was ahead by 2.0 pts. At its price on Oct 27, 2026 the latest distribution annualizes to 9.1%, paid monthly. 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 XYLD?: Over the year to Oct 27, 2026, JEPI paid 7.9% of its starting price in cash and XYLD paid 10.6%, so XYLD 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 XYLD?: With every distribution reinvested, JEPI returned +7.6% and XYLD +15.5% over the year to Oct 27, 2026.
Which is cheaper, JEPI or XYLD?: JEPI charges 0.35% a year and XYLD charges 0.60%, so JEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPI vs FTHI JEPI vs GPIX JEPI vs BALI JEPI vs DIVO XYLD vs AIPI XYLD vs XYLG XYLD vs BALI XYLD vs OMAH

Where to next

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

Sources and dates

JEPI filings on SEC EDGAR ↗

JEPI prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

XYLD filings on SEC EDGAR ↗

XYLD prospectus with the expense ratio (SEC) ↗

XYLD 19a-1 distribution notice ↗

Global X page for XYLD ↗

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 XYLD, data as of Oct 27, 2026. https://etfiq.com/compare/income/jepi-vs-xyld

Open data →

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