Data as of Nov 4, 2026.

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Income ETFs

JEPQ vs PCOV: Dividend Yield & Total Return

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JEPQ and PCOV both write options for income.

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Net assets: $42.1bn on Nov 3, 2026 for JPMorgan Nasdaq Equity Premium Income ETF, and $10m on Nov 2, 2026 for Principal Equity Premium Income ETF.

At a glance
11.9%
JEPQ cash paid, 1 year
1.9%
PCOV cash paid, since launch, Aug 19, 2026
+10.4%
JEPQ total return, 1 year
−0.1%
PCOV total return, since launch, Aug 19, 2026
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.
PCOV · since launch to Nov 4, 2026 Not measured
PCOV
−0.1%
none

Not measured

PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

PCOV

−0.1%

Total return, distributions reinvested

Not measured

PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

PCOV

−0.1%

1.9% of it arrived as cash. Both charts share one scale, with zero at the line. PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PCOV costs 0.01 points a year less; JEPQ is far larger, $42.1bn against $10m.

Points (pts) are percentage points.

JEPQ vs PCOV: Dividend Yield & Total Return
MeasureJEPQPCOV
Paid and earned
Total return, 1 year+10.4%not published
Price changefell 1.9% (1 year)fell 2.0% (since Aug 19, 2026)
Against its benchmark
BenchmarkNasdaq-100, measured through QQQnot published
Cost and size
Expense ratio0.35%0.34%
Net assets, as of Nov 3, 2026$42.1bn$10m
Holdings
Holdings in commonnot published

Method

Side by side

JEPQ JPMorgan Nasdaq Equity Premium Income ETF · Writes calls through equity-linked notes (ELNs) on the Nasdaq-100, paying monthly PCOV Principal Equity Premium Income ETF · Covered call
Strategy covered call covered call
Benchmark Nasdaq-100 (QQQ) none
Pays monthly not established
Payout rate, annualized 11.3% 7.2%
Expense ratio 0.35% 0.34%
Cash paid, 1 year 11.9% 1.9% (since launch, Aug 19, 2026)
Price change, 1 year −1.9% −2.0% (since launch, Aug 19, 2026)
Total return, 1 year +10.4% −0.1% (since launch, Aug 19, 2026)
Benchmark return, 1 year +12.3% not published
Ahead or behind −1.9 pts not available
Return of capital, latest estimate not published not published
Age 4.5 years 77 days
Net assets, JEPQ as of Nov 3, 2026 and PCOV as of Nov 2, 2026 $42.1bn $10m

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 PCOV: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowJEPQPCOVJEPQPCOVJEPQPCOV
3 months−0.9%–3.0%–+2.6 pts–
6 months+2.3%–6.2%–+2.6 pts–
1 year+10.4%–11.9%–−1.8 pts–
3 years+66.7%–38.3%–−24.7 pts–
Since launchNot the same days: JEPQ May 2022 · PCOV Aug 2026+85.2%−0.1%51.4%1.9%−30.6 ptsnot measured

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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.

PCOV

Over the period from its first trade on Aug 19, 2026 to Nov 4, 2026, PCOV paid 1.9% of its starting value in cash distributions while its price fell 2.0%. With every distribution reinvested, the fund returned −0.1%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.2%, paid periodically.

Questions people ask

Which is cheaper, JEPQ or PCOV?
JEPQ charges 0.35% a year and PCOV charges 0.34%, so PCOV is cheaper. Fees come from each fund's prospectus.
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ETFIQ, JEPQ against PCOV, data as of Nov 4, 2026. https://etfiq.com/compare/income/jepq-vs-pcov

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