Which is cheaper, JEPQ or QVOL?

JEPQ charges 0.35% a year and QVOL charges 0.82%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JEPQ vs QVOL: Dividend Yield & Total Return

JEPQ and QVOL 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 $49m on Aug 31, 2026 for Infrastructure Capital Nasdaq Option Income ETF.

JEPQ on its own →QVOL on its own →

At a glance

11.9%

JEPQ cash paid, 1 year

6.4%

QVOL cash paid, since launch, May 12, 2026

+10.4%

JEPQ total return, 1 year

−7.8%

QVOL total return, since launch, May 12, 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%

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.

QVOL · since launch to Nov 4, 2026 7 pts behind ONEQ

QVOL

−7.8%

ONEQ

−0.8%

7 pts behind ONEQ

QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.

ONEQ

−0.8%

QVOL

−7.8%

7 pts behind ONEQ

Total return, distributions reinvested

7 pts behind ONEQ

QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.

ONEQ

−0.8%

QVOL

−7.8%

7 pts behind ONEQ

6.4% of it arrived as cash. Both charts share one scale, with zero at the line. QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

JEPQ costs 0.47 points a year less.

Points (pts) are percentage points.

JEPQ vs QVOL: Dividend Yield & Total Return
Measure	JEPQ	QVOL
Paid and earned
Measure	JEPQ	QVOL
Total return, 1 year	+10.4%	not published
Price change	fell 1.9% (1 year)	fell 13.6% (since May 12, 2026)
Against its benchmark
Measure	JEPQ	QVOL
Benchmark	Nasdaq-100, measured through QQQ	Fidelity Nasdaq Composite Index ETF, measured through ONEQ
Against its benchmark, same days	behind by 1.9 pts	behind by 7.0 pts
Cost and size
Measure	JEPQ	QVOL
Expense ratio	0.35%	0.82%
Net assets, JEPQ as of Nov 3, 2026 and QVOL as of Aug 31, 2026	$42.1bn	$49m
Holdings
Measure	JEPQ	QVOL
Holdings in common	49%

Method

Risk and return

May 22, 2026 to Oct 30, 2026 · 23 weekly returns

JEPQ QVOL

Return

Total return edge JEPQ +0.8% −8.8%

Price return edge JEPQ −4.4% −14.4%

Risk

Max drawdown edge JEPQ −5.7% −13.9%

Reading

From May 2026 to Oct 2026, JEPQ returned more: +0.8% to −8.8%. JEPQ fell less at its worst: −5.7% to −13.9%.

Full scorecard

3 measures, with how each is measured Open ↓

Risk and return: JEPQ vs QVOL: Dividend Yield & Total Return
Measure	JEPQ	QVOL	Edge	How it is measured
Return
Total return	+0.8%	−8.8%	JEPQ	Price change plus distributions, reinvested.
Price return	−4.4%	−14.4%	JEPQ	Price change alone, distributions left out.
Risk
Max drawdown	−5.7%	−13.9%	JEPQ	Deepest fall from a high to the low after it.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 23 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

49%

By the books each fund has filed, JEPQ and QVOL hold 49% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

49% in common

Positions both hold · largest shared weight first JEPQ QVOL

APPLE INC COMMON STOCK 6.76% 4.21%

MICRON TECHNOLOGY INC 4.19% 4.19%

ALPHABET INC-CL C 4.10% 6.17%

AMAZON.COM INC COMMON 3.98% 3.90%

ADVANCED MICRO DEVICES 3.31% 4.03%

META PLATFORMS INC COMMON 2.70% 3.33%

MICROSOFT CORP COMMON 5.61% 2.31%

BROADCOM INC COMMON 1.95% 6.42%

LAM RESEARCH CORP COMMON 1.58% 1.61%

PALO ALTO NETWORKS INC 1.28% 1.41%

PALANTIR TECHNOLOGIES INC 1.25% 1.38%

CISCO SYSTEMS INC COMMON 1.17% 1.98%

Only in one fund ↓

Only in JEPQ

TESLA INC COMMON STOCK 2.40%

COSTCO WHOLESALE CORP 1.29%

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%

Nasdaq-100 equity-linked note 17 1.16%

Nasdaq-100 equity-linked note 11 1.15%

Only in QVOL

Oracle Corp 4.93%

CoreWeave Inc 2.00%

Microchip Technology Inc 0.61%

Fortinet Inc 0.57%

Cadence Design Systems Inc 0.53%

Lumentum Holdings Inc 0.30%

ON Semiconductor Corp 0.29%

GLOBALFOUNDRIES Inc 0.23%

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 QVOL Infrastructure Capital Nasdaq Option Income ETF · Option income on ONEQ, paying monthly

Issuer JPMorgan Infrastructure Capital

Strategy covered call option income

Benchmark Nasdaq-100 (QQQ) Fidelity Nasdaq Composite Index ETF (ONEQ)

Pays monthly monthly

Payout rate, annualized 11.3% 15.3%

Expense ratio 0.35% 0.82%

Cash paid, 1 year 11.9% 6.4% (since launch, May 12, 2026)

Price change, 1 year −1.9% −13.6% (since launch, May 12, 2026)

Total return, 1 year +10.4% −7.8% (since launch, May 12, 2026)

Benchmark return, 1 year +12.3% −0.8% (since launch, May 12, 2026)

Ahead or behind −1.9 pts −7.0 pts (since launch, May 12, 2026)

Return of capital, latest estimate not published not published

Age 4.5 years 176 days

Net assets, JEPQ as of Nov 3, 2026 and QVOL as of Aug 31, 2026 $42.1bn $49m

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 QVOL: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPQ	QVOL	JEPQ	QVOL	JEPQ	QVOL
3 months	−0.9%	−12.2%	3.0%	3.2%	+2.6 pts	−10.0 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 · QVOL May 2026	+85.2%	−7.8%	51.4%	6.4%	−30.6 pts	−7.0 pts

– means no data for this window. Open this comparison in the app →

Client brief

No client brief for this pair: ETFIQ prints no one-year total return for QVOL.

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.

QVOL

Over the period from its first trade on May 12, 2026 to Nov 4, 2026, QVOL paid 6.4% of its starting value in cash distributions while its price fell 13.6%. With every distribution reinvested, the fund returned −7.8%. Fidelity Nasdaq Composite Index ETF (ONEQ) returned −0.8% over the same days, so a holder was behind by 7.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.3%, paid monthly.

Questions people ask

Which is cheaper, JEPQ or QVOL?: JEPQ charges 0.35% a year and QVOL charges 0.82%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPQ vs QQDH JEPQ vs YSPC JEPQ vs OARK JEPQ vs VAIE QVOL vs QQQI QVOL vs QYLD QVOL vs QDTE QVOL vs QQQY

Where to next

Nasdaq-100 (QQQ) →Fidelity Nasdaq Composite Index ETF (ONEQ) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →JEPQ on its own →QVOL on its own →JEPQ dividend history →JEPQ holdings →QVOL dividend history →QVOL holdings →Method →Standards and sources →

Sources and dates

JEPQ filings on SEC EDGAR ↗

JEPQ prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

QVOL filings on SEC EDGAR ↗

QVOL prospectus with the expense ratio (SEC) ↗

Infrastructure Capital page for QVOL ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

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 QVOL, data as of Nov 4, 2026. https://etfiq.com/compare/income/jepq-vs-qvol

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