Data as of Oct 27, 2026.
JEPI vs YMAX: Dividend Yield & Total Return
Over the year to Oct 27, 2026, YMAX paid 35.6% of its price in cash against JEPI’s 7.9%, though JEPI returned more with it reinvested.
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Net assets on Oct 26, 2026: $45.8bn for JPMorgan Equity Premium Income ETF and $349m for YieldMax Universe Fund of Option Income ETFs.
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, 2026.14.4 pts behind its own holdings
YMAX over 1 year: paid 35.6%, price −42.5%, total −4.9%, its own holdings +9.5%, −14.4 pts. Data to Oct 27, 2026.
its own holdings
+9.5%
YMAX
−4.9%
14.4 pts behind its own holdings
Total return, distributions reinvested
14.4 pts behind its own holdings
YMAX over 1 year: paid 35.6%, price −42.5%, total −4.9%, its own holdings +9.5%, −14.4 pts. Data to Oct 27, 2026.
its own holdings
+9.5%
YMAX
−4.9%
14.4 pts behind its own holdings
35.6% of it arrived as cash. Both charts share one scale, with zero at the line. YMAX over 1 year: paid 35.6%, price −42.5%, total −4.9%, its own holdings +9.5%, −14.4 pts. Data to Oct 27, 2026.
Data to Oct 27, 2026.Pair scorecard
JEPI costs 0.98 points a year less; their one-year returns differ by 12.5 points; JEPI is far larger, $45.8bn against $349m.
Points (pts) are percentage points.
| Measure | JEPI | YMAX |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +7.6% | −4.9% |
| Price change, 1 year | fell 0.6% | fell 42.5% |
| Return of capital, issuer estimate | 35% of the Oct 29, 2026 payment | |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | its own holdings |
| Cost and size | ||
| Expense ratio | 0.35% | 1.33% |
| Net assets, as of Oct 26, 2026 | $45.8bn | $349m |
| Holdings | ||
| Holdings in common | 0% | |
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
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 Oct 26, 2026. Method
Risk and return
Jan 26, 2024 to Oct 23, 2026 · 143 weekly returnsYMAX returned more: +38.1% to +26.1%. JEPI swung less: 9.0% to 21.8%. JEPI fell less at its worst: −11.5% to −24.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | JEPI | YMAX | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +26.1% | +38.1% | YMAX | Price change plus distributions, reinvested. |
| Annualized | +8.8% | +12.5% | YMAX | Total return as a yearly rate. |
| Price return | +1.6% | −64.9% | JEPI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 9.0% | 21.8% | JEPI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 6.6% | 15.1% | JEPI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −11.5% | −24.1% | JEPI | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.50 | 0.45 | JEPI | Return above Treasury bills per unit of volatility. |
| Sortino | 0.68 | 0.65 | JEPI (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.76 | 0.52 | JEPI | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 143 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, JEPI and YMAX hold 0% of their money in the same securities at the same weight. Holdings dated Oct 26, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | JEPI | YMAX | JEPI | YMAX | JEPI | YMAX |
| 3 months | +1.5% | +7.3% | 1.9% | 10.3% | −2.7 pts | −15.0 pts |
| 6 months | +4.3% | +8.8% | 4.0% | 22.5% | −4.4 pts | −13.9 pts |
| 1 year | +7.6% | −4.9% | 7.9% | 35.6% | −5.9 pts | −14.4 pts |
| 3 years | +40.9% | – | 26.3% | – | −53.4 pts | – |
| Since launchNot the same days: JEPI May 2020 · YMAX Jan 2024 | +97.2% | +42.6% | 61.5% | 93.1% | −88.2 pts | not measured |
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JEPI and YMAX are built for the same job. How do they differ in cost, holdings and results?
- Income paid. JEPI paid 7.9% and YMAX 35.6% (cash paid over 1 year, as a share of its price at the start), a gap of 27.7 points.
- What each is measured against. JEPI is measured against S&P 500 through SPY and YMAX against its own holdings.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 26, 2026).
Data as of Oct 27, 2026.
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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.
YMAX
Over the year to Oct 27, 2026, YMAX paid 35.6% of its starting value in cash distributions while its price fell 42.5%. With every distribution reinvested, the fund returned −4.9%. YMAX's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 23, 2026) returned +9.5% over the same days, so a holder was behind by 14.4 pts. At its price on Oct 27, 2026 the latest distribution annualizes to 40.6%, paid weekly. YieldMax estimates that 35% of the distribution paid Oct 29, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
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 YMAX, data as of Oct 27, 2026. https://etfiq.com/compare/income/jepi-vs-ymax
ETFIQ. (Oct 27, 2026). JEPI against YMAX. Retrieved from https://etfiq.com/compare/income/jepi-vs-ymax
[JEPI against YMAX (ETFIQ, Oct 27, 2026)](https://etfiq.com/compare/income/jepi-vs-ymax)
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