Data as of .
JEPQ vs PBP: which paid, and which earned it?
Over the year JEPQ paid 11.9% of its price in cash against PBP’s 11.8% and the two finished level on total return.
ETFIQ Return Stability Score: PBP scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, JEPQ and PBP hold 48% of their money in the same securities at the same weight.
| Holding | JEPQ | PBP |
|---|---|---|
| NVIDIA Corp. | 6.68% | 8.18% |
| Apple, Inc. | 5.83% | 7.50% |
| Microsoft Corp. | 3.90% | 5.57% |
| Amazon.com, Inc. | 3.67% | 3.77% |
| Alphabet, Inc. | 5.05% | 3.11% |
| Meta Platforms, Inc. | 2.38% | 2.22% |
| Broadcom, Inc. | 2.16% | 2.57% |
| Micron Technology, Inc. | 5.58% | 1.74% |
| Tesla, Inc. | 2.39% | 1.56% |
| Advanced Micro Devices, Inc. | 3.87% | 1.39% |
| Intel Corp. | 1.62% | 0.81% |
| Walmart, Inc. | 1.79% | 0.71% |
| Only in JEPQ | Only in PBP |
|---|---|
| Citigroup Global Markets Holdings, Inc. 1.14% | Alphabet Inc 2.47% |
| Toronto-Dominion Bank (The) 1.14% | JPMorgan Chase & Co 1.42% |
| BNP Paribas Issuance BV 1.14% | Berkshire Hathaway Inc 1.42% |
| Royal Bank of Canada 1.13% | Eli Lilly & Co 1.38% |
| ASML Holding NV 1.13% | ExxonMobil Holdings Corp 1.03% |
| BNP Paribas Issuance BV 1.13% | Johnson & Johnson 0.99% |
| Royal Bank of Canada 1.13% | Visa Inc 0.93% |
| Toronto-Dominion Bank (The) 1.12% | Chevron Corp 0.59% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| JEPQ | PBP | JEPQ | PBP | JEPQ | PBP | |
| 3 months | +1.6% | +5.0% | 3.3% | 2.8% | +4.1 pts | +2.7 pts |
| 6 months | +15.1% | +13.0% | 6.7% | 5.7% | −9.2 pts | −5.0 pts |
| 1 year | +18.5% | +18.5% | 11.9% | 11.8% | −3.2 pts | +1.9 pts |
| 3 years | +73.0% | +46.1% | 37.2% | 31.8% | −25.1 pts | −32.3 pts |
| Since launch | +91.7% | +199.0% | 49.2% | 101.2% | −33.0 pts | −604.5 pts |
| JEPQ JPMorgan Nasdaq Equity Premium Income ETF Covered call on QQQ, paying monthly | PBP Invesco S&P 500 BuyWrite ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | JPMorgan | Invesco |
| Strategy | covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 13.6% | 11.3% |
| Expense ratio | 0.35% | 0.29% |
| Cash paid, 1 year | 11.9% | 11.8% |
| Price change, 1 year | +5.7% | +5.5% |
| Total return, 1 year | +18.5% | +18.5% |
| Benchmark return, 1 year | +21.8% | +16.6% |
| Ahead or behind | −3.2 pts | +1.9 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1598 days | 6101 days |
| Net assets | $43.0bn | $386m |
JEPQ in plain words
Over the year to Sep 18, 2026, JEPQ paid 11.9% of its starting value in cash distributions while its price rose 5.7%. With every distribution reinvested, the fund returned +18.5%. Nasdaq-100 (QQQ) returned +21.8% over the same days, so a holder was behind by 3.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 13.6%, paid monthly.
PBP in plain words
Over the year to Sep 18, 2026, PBP paid 11.8% of its starting value in cash distributions while its price rose 5.5%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 1.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 11.3%, paid monthly.
Questions people ask
- Which paid more, JEPQ or PBP?
- Over the year to Sep 18, 2026, JEPQ paid 11.9% of its starting price in cash and PBP paid 11.8%, 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 PBP?
- With every distribution reinvested, JEPQ returned +18.5% and PBP returned +18.5% over the year to Sep 18, 2026, so JEPQ returned more.
- Which is cheaper, JEPQ or PBP?
- JEPQ charges 0.35% a year and PBP charges 0.29%, so PBP is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, JEPQ against PBP, data as of Sep 18, 2026. https://etfiq.com/compare/income/jepq-vs-pbp Free to use with attribution; the underlying files are at Open data.