Which paid more, JEPQ or OEI?

Over the year to Nov 4, 2026, JEPQ paid 11.9% of its starting price in cash and OEI paid 9.2%, 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 OEI?

With every distribution reinvested, JEPQ returned +10.4% and OEI +12.9% over the year to Nov 4, 2026.

Which is cheaper, JEPQ or OEI?

JEPQ charges 0.35% a year and OEI charges 1.02%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JEPQ vs OEI: 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 OEI’s 9.2%, though OEI 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 $46m on Jul 31, 2026 for Optimized Equity Income ETF.

JEPQ on its own →OEI on its own →

At a glance

11.9%

JEPQ cash paid, 1 year

9.2%

OEI cash paid, 1 year

+10.4%

JEPQ total return, 1 year

+12.9%

OEI 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.

OEI · 1 year to Nov 4, 2026 1.9 pts behind SPY

OEI

+12.9%

SPY

+14.8%

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% of it arrived as cash

1.9 pts behind SPY

Total return, distributions reinvested

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% cash

1.9 pts behind SPY

9.2% of it arrived as cash. Both charts share one scale, with zero at the line. OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

JEPQ costs 0.67 points a year less; their one-year returns differ by 2.5 points.

Points (pts) are percentage points.

JEPQ vs OEI: Dividend Yield & Total Return
Measure	JEPQ	OEI
Paid and earned
Measure	JEPQ	OEI
Total return, 1 year	+10.4%	+12.9%
Price change, 1 year	fell 1.9%	rose 3.0%
Against its benchmark
Measure	JEPQ	OEI
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	JEPQ	OEI
Expense ratio	0.35%	1.02%
Net assets, JEPQ as of Nov 3, 2026 and OEI as of Jul 31, 2026	$42.1bn	$46m
Holdings
Measure	JEPQ	OEI
Holdings in common	46%

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

IQ Income Score50JEPQ75.7OEI

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

JEPQ 50

OEI 75.7

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

46%

By the books each fund has filed, JEPQ and OEI hold 46% 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

46% in common

Positions both hold · largest shared weight first JEPQ OEI

NVIDIA CORP COMMON STOCK 7.09% 8.22%

MICROSOFT CORP COMMON 5.61% 5.93%

APPLE INC COMMON STOCK 6.76% 4.23%

AMAZON.COM INC COMMON 3.98% 4.51%

ALPHABET INC-CL C 4.10% 2.76%

MICRON TECHNOLOGY INC 4.19% 2.54%

META PLATFORMS INC COMMON 2.70% 2.15%

BROADCOM INC COMMON 1.95% 3.01%

ADVANCED MICRO DEVICES 3.31% 1.54%

TESLA INC COMMON STOCK 2.40% 1.44%

CISCO SYSTEMS INC COMMON 1.17% 1.52%

WALMART INC COMMON STOCK 2.03% 1.12%

Only in one fund ↓

Only in JEPQ

SPACE EXPLORATION TECHNOLOGIES CORP 1.61%

PALO ALTO NETWORKS INC 1.28%

ANALOG DEVICES INC 1.20%

SEAGATE TECHNOLOGY 1.20%

Nasdaq-100 equity-linked note 12 1.17%

Nasdaq-100 equity-linked note 13 1.17%

Nasdaq-100 equity-linked note 14 1.17%

Nasdaq-100 equity-linked note 15 1.16%

Only in OEI

Alphabet Inc 3.44%

Johnson & Johnson 2.08%

ExxonMobil Holdings Corp 2.04%

Eli Lilly & Co 1.78%

JPMorgan Chase & Co 1.63%

Berkshire Hathaway Inc 1.58%

General Electric Co 1.39%

Bank of America Corp 1.36%

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 OEI Optimized Equity Income ETF · Option income on SPY, paying monthly

Issuer JPMorgan Core Alternative

Strategy covered call option income

Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 11.3% 9.6%

Expense ratio 0.35% 1.02%

Cash paid, 1 year 11.9% 9.2%

Price change, 1 year −1.9% +3.0%

Total return, 1 year +10.4% +12.9%

Benchmark return, 1 year +12.3% +14.8%

Ahead or behind −1.9 pts −1.9 pts

Return of capital, latest estimate not published not published

Age 4.5 years 1.0 years

Net assets, JEPQ as of Nov 3, 2026 and OEI as of Jul 31, 2026 $42.1bn $46m

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 OEI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPQ	OEI	JEPQ	OEI	JEPQ	OEI
3 months	−0.9%	+3.3%	3.0%	2.4%	+2.6 pts	+3.4 pts
6 months	+2.3%	+6.3%	6.2%	4.7%	+2.6 pts	+1.3 pts
1 year	+10.4%	+12.9%	11.9%	9.2%	−1.8 pts	−1.9 pts
3 years	+66.7%	–	38.3%	–	−24.7 pts	–
Since launchNot the same days: JEPQ May 2022 · OEI Oct 2025	+85.2%	+15.0%	51.4%	9.4%	−30.6 pts	−1.1 pts

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Alert

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.

OEI

Over the year to Nov 4, 2026, OEI paid 9.2% of its starting value in cash distributions while its price rose 3.0%. With every distribution reinvested, the fund returned +12.9%. S&P 500 (SPY) returned +14.8% 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 9.6%, paid monthly.

Questions people ask

Which paid more, JEPQ or OEI?: Over the year to Nov 4, 2026, JEPQ paid 11.9% of its starting price in cash and OEI paid 9.2%, 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 OEI?: With every distribution reinvested, JEPQ returned +10.4% and OEI +12.9% over the year to Nov 4, 2026.
Which is cheaper, JEPQ or OEI?: JEPQ charges 0.35% a year and OEI charges 1.02%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPQ vs XYLG JEPQ vs JOYT JEPQ vs XSPI JEPQ vs SEPI OEI vs QQQI OEI vs QYLD OEI vs QDTE OEI vs QLDY

Where to next

Nasdaq-100 (QQQ) →S&P 500 (SPY) →JEPQ on its own →OEI on its own →JEPQ dividend history →JEPQ holdings →OEI dividend history →OEI holdings →Method →Standards and sources →

Sources and dates

JEPQ filings on SEC EDGAR ↗

JEPQ prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

OEI filings on SEC EDGAR ↗

OEI prospectus with the expense ratio (SEC) ↗

Core Alternative 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, JEPQ against OEI, data as of Nov 4, 2026. https://etfiq.com/compare/income/jepq-vs-oei

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