Data as of Nov 4, 2026.
JEPQ vs QQQI: Dividend Yield & Total Return
Over the year to Nov 4, 2026, QQQI paid 13.9% of its price in cash against JEPQ’s 11.9%, though JEPQ 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 $15.5bn on Oct 28, 2026 for NEOS Nasdaq-100 High Income ETF.
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, 2026.3.4 pts behind QQQ
QQQI over 1 year: paid 13.9%, price −5.4%, total +8.9%, QQQ +12.3%, −3.4 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QQQI
+8.9%
13.9% of it arrived as cash
3.4 pts behind QQQ
Total return, distributions reinvested
3.4 pts behind QQQ
QQQI over 1 year: paid 13.9%, price −5.4%, total +8.9%, QQQ +12.3%, −3.4 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QQQI
+8.9%
13.9% as cash
3.4 pts behind QQQ
13.9% of it arrived as cash. Both charts share one scale, with zero at the line. QQQI over 1 year: paid 13.9%, price −5.4%, total +8.9%, QQQ +12.3%, −3.4 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
JEPQ costs 0.33 points a year less; their one-year returns differ by 1.5 points; JEPQ is 2.9 times larger.
Points (pts) are percentage points.
| Measure | JEPQ | QQQI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +10.4% | +8.9% |
| Price change, 1 year | fell 1.9% | fell 5.4% |
| Return of capital, issuer estimate | 100% of the Oct 23, 2026 payment | |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 0.35% | 0.68% |
| Net assets, as of Oct 28, 2026 | $44.2bn | $15.5bn |
| Holdings | ||
| Holdings in common | 72% | |
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
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 →
Risk and return
Feb 9, 2024 to Oct 30, 2026 · 142 weekly returns · each against QQQFrom Feb 2024 to Oct 2026, QQQI returned slightly more: +50.0% to +47.3%. JEPQ swung slightly less: 14.5% to 16.0%. JEPQ and QQQI fell about the same at their worst: −18.5% and −18.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | JEPQ | QQQI | QQQ | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +47.3% | +50.0% | QQQI (slight) | Price change plus distributions, reinvested. | |
| Annualized | +15.2% | +16.0% | QQQI (slight) | Total return as a yearly rate. | |
| Price return | +9.7% | +1.4% | JEPQ | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 14.5% | 16.0% | JEPQ (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 10.1% | 10.8% | JEPQ (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −18.5% | −18.4% | Tie | Deepest fall from a high to the low after it. | |
| Upside capture | 57.9% | 69.5% | 100.0% | QQQI | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 77.0% | 85.5% | 100.0% | JEPQ (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.69 | 0.80 | 1.00 | JEPQ lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.91 | 0.98 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.75 | 0.74 | JEPQ (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.08 | 1.09 | Tie | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.157 | 0.148 | 0.149 | JEPQ (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.82 | 0.87 | QQQI (slight) | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | QQQ | QQQ | QQQ | The ETF each fund is measured against. | |
| Alpha | +0.5% a year | −0.1% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.20 | −0.05 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −4.8% to +5.9% | −3.1% to +2.9% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.53 | −0.66 | JEPQ | Return against its benchmark per unit of tracking error. | |
| Tracking error | 7.5% | 4.8% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 142 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, JEPQ and QQQI hold 72% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
72% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | JEPQ | QQQI | JEPQ | QQQI | JEPQ | QQQI |
| 3 months | −0.9% | −2.2% | 3.0% | 3.5% | +2.6 pts | +1.3 pts |
| 6 months | +2.3% | −0.2% | 6.2% | 6.9% | +2.6 pts | +0.1 pts |
| 1 year | +10.4% | +8.9% | 11.9% | 13.9% | −1.8 pts | −3.4 pts |
| 3 years | +66.7% | – | 38.3% | – | −24.7 pts | – |
| Since launchNot the same days: JEPQ May 2022 · QQQI Jan 2024 | +85.2% | +53.8% | 51.4% | 41.2% | −30.6 pts | −11.2 pts |
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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.
QQQI
Over the year to Nov 4, 2026, QQQI paid 13.9% of its starting value in cash distributions while its price fell 5.4%. With every distribution reinvested, the fund returned +8.9%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 3.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 14.7%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
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 QQQI, data as of Nov 4, 2026. https://etfiq.com/compare/income/jepq-vs-qqqi
ETFIQ. (Nov 4, 2026). JEPQ against QQQI. Retrieved from https://etfiq.com/compare/income/jepq-vs-qqqi
[JEPQ against QQQI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/jepq-vs-qqqi)
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