Which paid more, JEPQ or QYLD?

Over the year to Nov 4, 2026, JEPQ paid 11.9% of its starting price in cash and QYLD paid 12.3%, so QYLD 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 QYLD?

With every distribution reinvested, JEPQ returned +10.4% and QYLD +16.5% over the year to Nov 4, 2026.

Which is cheaper, JEPQ or QYLD?

JEPQ charges 0.35% a year and QYLD charges 0.60%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JEPQ vs QYLD: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, QYLD paid 12.3% of its price in cash against JEPQ’s 11.9%, and 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 $8.5bn on Oct 12, 2026 for Global X NASDAQ 100 Covered Call ETF.

JEPQ on its own →QYLD on its own →

At a glance

11.9%

JEPQ cash paid, 1 year

12.3%

QYLD cash paid, 1 year

+10.4%

JEPQ total return, 1 year

+16.5%

QYLD total return, 1 year

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% 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.

QYLD · 1 year to Nov 4, 2026 4.2 pts ahead of QQQ

QYLD

+16.5%

QQQ

+12.3%

4.2 pts ahead of QQQ

QYLD over 1 year: paid 12.3%, price +3.3%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QYLD

+16.5%

12.3% of it arrived as cash

4.2 pts ahead of QQQ

Total return, distributions reinvested

4.2 pts ahead of QQQ

QYLD over 1 year: paid 12.3%, price +3.3%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QYLD

+16.5%

12.3% as cash

4.2 pts ahead of QQQ

12.3% of it arrived as cash. Both charts share one scale, with zero at the line. QYLD over 1 year: paid 12.3%, price +3.3%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

JEPQ costs 0.25 points a year less; their one-year returns differ by 6.1 points; JEPQ is 5.2 times larger.

Points (pts) are percentage points.

JEPQ vs QYLD: Dividend Yield & Total Return
Measure	JEPQ	QYLD
Paid and earned
Measure	JEPQ	QYLD
Total return, 1 year	+10.4%	+16.5%
Price change, 1 year	fell 1.9%	rose 3.3%
Return of capital, issuer estimate		99% of the Sep 24, 2026 payment
Against its benchmark
Measure	JEPQ	QYLD
Benchmark	Nasdaq-100, measured through QQQ	Nasdaq-100, measured through QQQ
Cost and size
Measure	JEPQ	QYLD
Expense ratio	0.35%	0.60%
Net assets, as of Oct 12, 2026	$44.6bn	$8.5bn
Holdings
Measure	JEPQ	QYLD
Holdings in common	73%

ETFIQ Distribution Coverage Score · QYLD scores higher How much of what it paid out did its total return cover?

IQ Income Score50JEPQ72.8QYLD

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

JEPQ 50

QYLD 72.8

0.3, the lowest in this set 99.7, the highest

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 →

Method

Risk and return

May 13, 2022 to Oct 30, 2026 · 233 weekly returns · each against QQQ

JEPQ QYLD

Return

Total return edge JEPQ +95.6% +65.4%

Annualized edge JEPQ +16.2% +11.9%

Price return edge JEPQ +19.2% −4.2%

Risk

Volatility edge QYLD 15.6% 12.5%

Max drawdown edge QYLD (slight) −18.5% −17.5%

Downside capture 79.0% 61.9%

Beta 0.71 0.50

Risk-adjusted

Sharpe edge JEPQ 0.76 0.61

Sortino edge JEPQ 1.12 0.86

Treynor 0.168 0.151

Calmar edge JEPQ 0.87 0.68

Against the benchmark

Alpha −0.1% a year −0.9% a year

Alpha t-stat −0.06 −0.30

Information ratio −0.67 −0.76

Tracking error 7.7% 12.3%

Reading

From May 2022 to Oct 2026, JEPQ returned more: +95.6% to +65.4%. QYLD swung less: 12.5% to 15.6%. QYLD fell slightly less at its worst: −17.5% to −18.5%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: JEPQ vs QYLD: Dividend Yield & Total Return
Measure	JEPQ	QYLD	QQQ	Edge	How it is measured
Return
Total return	+95.6%	+65.4%		JEPQ	Price change plus distributions, reinvested.
Annualized	+16.2%	+11.9%		JEPQ	Total return as a yearly rate.
Price return	+19.2%	−4.2%		JEPQ	Price change alone, distributions left out.
Risk
Volatility	15.6%	12.5%		QYLD	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	10.6%	8.9%		QYLD	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−18.5%	−17.5%		QYLD (slight)	Deepest fall from a high to the low after it.
Upside capture	56.8%	35.7%	100.0%	JEPQ	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	79.0%	61.9%	100.0%	QYLD	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.71	0.50	1.00	QYLD lower	How far it moves for each 1% its benchmark moves.
R squared	0.92	0.74	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.76	0.61		JEPQ	Return above Treasury bills per unit of volatility.
Sortino	1.12	0.86		JEPQ	Return above Treasury bills per unit of downside deviation.
Treynor	0.168	0.151	0.170	JEPQ (slight)	Return above Treasury bills per unit of beta.
Calmar	0.87	0.68		JEPQ	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	QQQ	QQQ	QQQ		The ETF each fund is measured against.
Alpha	−0.1% a year	−0.9% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.06	−0.30		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−4.3% to +4.1%	−6.9% to +5.1%		Both include zero	The 95% range for the yearly alpha.
Information ratio	−0.67	−0.76		JEPQ	Return against its benchmark per unit of tracking error.
Tracking error	7.7%	12.3%	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, 233 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

73%

By the books each fund has filed, JEPQ and QYLD hold 73% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

73% in common

Positions both hold · largest shared weight first JEPQ QYLD

NVIDIA CORP COMMON STOCK 7.09% 8.20%

APPLE INC COMMON STOCK 6.76% 7.65%

MICROSOFT CORP COMMON 5.61% 5.82%

MICRON TECHNOLOGY INC 4.19% 4.32%

AMAZON.COM INC COMMON 3.98% 4.93%

ADVANCED MICRO DEVICES 3.31% 3.62%

ALPHABET INC-CL C 4.10% 3.28%

META PLATFORMS INC COMMON 2.70% 2.78%

TESLA INC COMMON STOCK 2.40% 2.62%

WALMART INC COMMON STOCK 2.03% 2.53%

BROADCOM INC COMMON 1.95% 3.11%

LAM RESEARCH CORP COMMON 1.58% 1.71%

Only in one fund ↓

Only in JEPQ

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%

Nasdaq-100 equity-linked note 16 1.15%

Nasdaq-100 equity-linked note 19 1.14%

Only in QYLD

ALPHABET INC. 3.50%

FORTINET, INC. 0.55%

AUTOMATIC DATA PROCESSING, INC. 0.50%

CADENCE DESIGN SYSTEMS, INC. 0.44%

CINTAS CORPORATION 0.38%

MONOLITHIC POWER SYSTEMS, INC. 0.33%

PACCAR INC 0.33%

AMERICAN ELECTRIC POWER COMPANY, INC. 0.33%

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 QYLD Global X NASDAQ 100 Covered Call ETF · Covered call on QQQ, paying monthly

Issuer JPMorgan Global X

Strategy covered call covered call

Benchmark Nasdaq-100 (QQQ) Nasdaq-100 (QQQ)

Pays monthly monthly

Payout rate, annualized 11.3% 12.2%

Expense ratio 0.35% 0.60%

Cash paid, 1 year 11.9% 12.3%

Price change, 1 year −1.9% +3.3%

Total return, 1 year +10.4% +16.5%

Benchmark return, 1 year +12.3% +12.3%

Ahead or behind −1.9 pts +4.2 pts

Return of capital, latest estimate not published 99%

Age 4.5 years 12.9 years

Net assets, JEPQ as of Nov 3, 2026 and QYLD as of Oct 12, 2026 $42.1bn $8.5bn

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 QYLD: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPQ	QYLD	JEPQ	QYLD	JEPQ	QYLD
3 months	−0.9%	+2.4%	3.0%	3.0%	+2.6 pts	+5.9 pts
6 months	+2.3%	+5.4%	6.2%	6.0%	+2.6 pts	+5.8 pts
1 year	+10.4%	+16.5%	11.9%	12.3%	−1.8 pts	+4.2 pts
3 years	+66.7%	+52.7%	38.3%	37.9%	−24.7 pts	−38.6 pts
Since launchNot the same days: JEPQ May 2022 · QYLD Dec 2013	+85.2%	+194.8%	51.4%	117.5%	−30.6 pts	−610.5 pts

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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.

QYLD

Over the year to Nov 4, 2026, QYLD paid 12.3% of its starting value in cash distributions while its price rose 3.3%. With every distribution reinvested, the fund returned +16.5%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.2%, paid monthly. Global X estimates that 99% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which paid more, JEPQ or QYLD?: Over the year to Nov 4, 2026, JEPQ paid 11.9% of its starting price in cash and QYLD paid 12.3%, so QYLD 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 QYLD?: With every distribution reinvested, JEPQ returned +10.4% and QYLD +16.5% over the year to Nov 4, 2026.
Which is cheaper, JEPQ or QYLD?: JEPQ charges 0.35% a year and QYLD charges 0.60%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPQ vs QQQI JEPQ vs QRMI JEPQ vs GPIQ JEPQ vs FTQI QYLD vs ROCQ QYLD vs QYLG QYLD vs KIQQ QYLD vs QDTE

Where to next

Nasdaq-100 (QQQ) →JEPQ on its own →QYLD on its own →JEPQ dividend history →JEPQ holdings →QYLD dividend history →QYLD holdings →Method →Standards and sources →

Sources and dates

JEPQ filings on SEC EDGAR ↗

JEPQ prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

QYLD filings on SEC EDGAR ↗

QYLD prospectus with the expense ratio (SEC) ↗

QYLD 19a-1 distribution notice ↗

Global X page for QYLD ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, JEPQ against QYLD, data as of Nov 4, 2026. https://etfiq.com/compare/income/jepq-vs-qyld

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