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Data as of Nov 4, 2026.

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Income ETFs

JEPQ vs JULH: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, JEPQ paid 11.9% of its price in cash against JULH’s 4.8%, and returned more with it reinvested.

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Net assets: $42.1bn on Nov 3, 2026 for JPMorgan Nasdaq Equity Premium Income ETF, and $18m on Nov 4, 2026 for Innovator Premium Income 20 Barrier ETF - July.

JEPQ on its own →JULH on its own →
At a glance
11.9%
JEPQ cash paid, 1 year
4.8%
JULH cash paid, 1 year
+10.4%
JEPQ total return, 1 year
+4.9%
JULH total return, 1 year
JEPQ · 1 year to Nov 4, 2026 1.9 pts behind QQQ
JEPQ
+10.4%
QQQ
+12.3%

1.9 pts behind QQQ

JEPQ over 1 year: paid 11.9%, price −1.9%, total +10.4%, QQQ +12.3%, −1.9 pts. Data to Nov 4, 2026.

QQQ

+12.3%

JEPQ

+10.4%

11.9% of it arrived as cash

1.9 pts behind QQQ

Total return, distributions reinvested

1.9 pts behind QQQ

JEPQ over 1 year: paid 11.9%, price −1.9%, total +10.4%, QQQ +12.3%, −1.9 pts. Data to Nov 4, 2026.

QQQ

+12.3%

JEPQ

+10.4%

11.9% as cash

1.9 pts behind QQQ

11.9% of it arrived as cash. Total return, distributions reinvested. JEPQ over 1 year: paid 11.9%, price −1.9%, total +10.4%, QQQ +12.3%, −1.9 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.
JULH · 1 year to Nov 4, 2026 9.9 pts behind SPY
JULH
+4.9%
SPY
+14.8%

9.9 pts behind SPY

JULH over 1 year: paid 4.8%, price 0.0%, total +4.9%, SPY +14.8%, −9.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

JULH

+4.9%

4.8% of it arrived as cash

9.9 pts behind SPY

Total return, distributions reinvested

9.9 pts behind SPY

JULH over 1 year: paid 4.8%, price 0.0%, total +4.9%, SPY +14.8%, −9.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

JULH

+4.9%

9.9 pts behind SPY

4.8% of it arrived as cash. Both charts share one scale, with zero at the line. JULH over 1 year: paid 4.8%, price 0.0%, total +4.9%, SPY +14.8%, −9.9 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

JEPQ costs 0.44 points a year less; their one-year returns differ by 5.5 points; JEPQ is far larger, $42.6bn against $18m.

Points (pts) are percentage points.

JEPQ vs JULH: Dividend Yield & Total Return
MeasureJEPQJULH
Paid and earned
Total return, 1 year+10.4%+4.9%
Price change, 1 yearfell 1.9%fell 0.0%
Return of capital, issuer estimate51% of the Oct 2, 2026 payment
Against its benchmark
BenchmarkNasdaq-100, measured through QQQS&P 500, measured through SPY
Cost and size
Expense ratio0.35%0.79%
Net assets$42.6bn$18m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · JULH scores higher How much of what it paid out did its total return cover?
IQ Income Score50JEPQ58.4JULH

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

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

0%

By the books each fund has filed, JEPQ and JULH hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first JEPQ JULH
Only in one fund ↓
Only in JEPQ
NVIDIA CORP COMMON STOCK 7.09%
APPLE INC COMMON STOCK 6.76%
MICROSOFT CORP COMMON 5.61%
MICRON TECHNOLOGY INC 4.19%
ALPHABET INC-CL C 4.10%
AMAZON.COM INC COMMON 3.98%
ADVANCED MICRO DEVICES 3.31%
META PLATFORMS INC COMMON 2.70%
Only in JULH
Check overlap with more funds →

Side by side

JEPQ JPMorgan Nasdaq Equity Premium Income ETF · Writes calls through equity-linked notes (ELNs) on the Nasdaq-100, paying monthly JULH Innovator Premium Income 20 Barrier ETF - July · Defined income on SPY, paying quarterly
Issuer JPMorgan Innovator
Strategy covered call defined income
Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY)
Pays monthly quarterly
Payout rate, annualized 11.3% 6.5%
Expense ratio 0.35% 0.79%
Cash paid, 1 year 11.9% 4.8%
Price change, 1 year −1.9% 0.0%
Total return, 1 year +10.4% +4.9%
Benchmark return, 1 year +12.3% +14.8%
Ahead or behind −1.9 pts −9.9 pts
Return of capital, latest estimate not published 51%
Age 4.5 years 3.3 years
Net assets, JEPQ as of Nov 3, 2026 and JULH as of Nov 4, 2026 $42.1bn $18m

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: JEPQ vs JULH: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowJEPQJULHJEPQJULHJEPQJULH
3 months−0.9%+1.4%3.0%1.6%+2.6 pts+1.5 pts
6 months+2.3%+3.2%6.2%2.7%+2.6 pts−1.8 pts
1 year+10.4%+4.9%11.9%4.8%−1.8 pts−9.9 pts
3 years+66.7%+20.9%38.3%18.4%−24.7 pts−62.0 pts
Since launchNot the same days: JEPQ May 2022 · JULH Jul 2023+85.2%+23.7%51.4%20.3%−30.6 pts−56.1 pts

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About each fund
JEPQ

Over the year to Nov 4, 2026, JEPQ paid 11.9% of its starting value in cash distributions while its price fell 1.9%. With every distribution reinvested, the fund returned +10.4%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 1.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.3%, paid monthly.

JULH

Over the year to Nov 4, 2026, JULH paid 4.8% of its starting value in cash distributions while its price fell 0.0%. With every distribution reinvested, the fund returned +4.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 9.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.5%, paid quarterly. Innovator estimates that 51% of the distribution paid Oct 2, 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, JEPQ or JULH?
Over the year to Nov 4, 2026, JEPQ paid 11.9% of its starting price in cash and JULH paid 4.8%, so JEPQ paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, JEPQ or JULH?
With every distribution reinvested, JEPQ returned +10.4% and JULH +4.9% over the year to Nov 4, 2026.
Which is cheaper, JEPQ or JULH?
JEPQ charges 0.35% a year and JULH charges 0.79%, so JEPQ is cheaper. Fees come from each fund's prospectus.
Other comparisons
JEPQ vs SPUTJEPQ vs OCTHJEPQ vs OCTJJEPQ vs JULJJULH vs QQQIJULH vs QYLDJULH vs QRMIJULH vs KIQQ
Where to next
Nasdaq-100 (QQQ) →S&P 500 (SPY) →JEPQ on its own →JULH on its own →JEPQ dividend history →JEPQ holdings →JULH dividend history →Method →Standards and sources →
Sources and dates
JEPQ filings on SEC EDGAR ↗
JEPQ prospectus with the expense ratio (SEC) ↗
JPMorgan website ↗
JULH filings on SEC EDGAR ↗
JULH prospectus with the expense ratio (SEC) ↗
JULH 19a-1 distribution notice ↗
Innovator page for JULH ↗

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.

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ETFIQ, JEPQ against JULH, data as of Nov 4, 2026. https://etfiq.com/compare/income/jepq-vs-julh

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