Data as of .
JEPQ vs QLDY: which paid, and which earned it?
Over the year QLDY paid 29.2% of its price in cash against JEPQ’s 11.9%, though JEPQ returned more with it reinvested.
ETFIQ Return Stability Score: JEPQ 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 QLDY hold 0% of their money in the same securities at the same weight.
| Only in JEPQ | Only in QLDY |
|---|---|
| NVIDIA Corp. 6.68% | Ndx 12/18/2026 2001.44 C 94.80% |
| Apple, Inc. 5.83% | First American Government Obligations Fund 12/01/2031 4.77% |
| Micron Technology, Inc. 5.58% | United States Treasury Note/bond 2.375% 05/15/2027 0.53% |
| Alphabet, Inc. 5.05% | Ndxp Us 09/21/26 P29500 0.08% |
| Microsoft Corp. 3.90% | Xnd 12/18/2026 10.44 C 0.05% |
| Advanced Micro Devices, Inc. 3.87% | Cash & Other -0.06% |
| Amazon.com, Inc. 3.67% | Nasdaq-1 Put Opt 09/26 29650 -0.16% |
| Lam Research Corp. 2.89% |
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 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| JEPQ | QLDY | JEPQ | QLDY | JEPQ | QLDY | |
| 3 months | +1.6% | −6.6% | 3.3% | 8.3% | +4.1 pts | −4.1 pts |
| 6 months | +15.1% | +20.1% | 6.7% | 18.7% | −9.2 pts | −4.2 pts |
| 1 year | +18.5% | +10.6% | 11.9% | 29.2% | −3.2 pts | −11.2 pts |
| 3 years | +73.0% | not published | 37.2% | not published | −25.1 pts | not published |
| Since launch | +91.7% | +10.6% | 49.2% | 29.2% | −33.0 pts | −11.2 pts |
| JEPQ JPMorgan Nasdaq Equity Premium Income ETF Covered call on QQQ, paying monthly | QLDY Defiance Nasdaq 100 LightningSpread(TM) Income ETF Option income on QQQ, paying weekly | |
|---|---|---|
| Issuer | JPMorgan | Defiance |
| Strategy | covered call | option income |
| Benchmark | Nasdaq-100 (QQQ) | Nasdaq-100 (QQQ) |
| Pays | monthly | weekly |
| Payout rate, annualized | 13.6% | 19.6% |
| Expense ratio | 0.35% | 1.04% |
| Cash paid, 1 year | 11.9% | 29.2% |
| Price change, 1 year | +5.7% | −20.3% |
| Total return, 1 year | +18.5% | +10.6% |
| Benchmark return, 1 year | +21.8% | +21.8% |
| Ahead or behind | −3.2 pts | −11.2 pts |
| Return of capital, latest estimate | not published | 100% |
| Age | 1598 days | 365 days |
| Net assets | $43.0bn | $52m |
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.
QLDY in plain words
Over the year to Sep 18, 2026, QLDY paid 29.2% of its starting value in cash distributions while its price fell 20.3%. With every distribution reinvested, the fund returned +10.6%. Nasdaq-100 (QQQ) returned +21.8% over the same days, so a holder was behind by 11.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 19.6%, paid weekly. Defiance estimates that 100% of the distribution paid Sep 17, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which paid more, JEPQ or QLDY?
- Over the year to Sep 18, 2026, JEPQ paid 11.9% of its starting price in cash and QLDY paid 29.2%, so QLDY 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 QLDY?
- With every distribution reinvested, JEPQ returned +18.5% and QLDY returned +10.6% over the year to Sep 18, 2026, so JEPQ returned more.
- Which is cheaper, JEPQ or QLDY?
- JEPQ charges 0.35% a year and QLDY charges 1.04%, so JEPQ 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 QLDY, data as of Sep 18, 2026. https://etfiq.com/compare/income/jepq-vs-qldy Free to use with attribution; the underlying files are at Open data.