Which paid more, JEPQ or RYLD?

Over the year to Oct 28, 2026, JEPQ paid 11.6% of its starting price in cash and RYLD paid 12.1%, so RYLD 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 RYLD?

With every distribution reinvested, JEPQ returned +14.2% and RYLD +12.1% over the year to Oct 28, 2026.

Which is cheaper, JEPQ or RYLD?

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

Data as of Oct 28, 2026.

Income ETFs

JEPQ vs RYLD: Dividend Yield & Total Return

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Over the year to Oct 28, 2026, RYLD paid 12.1% of its price in cash against JEPQ’s 11.6%, though JEPQ returned more with it reinvested.

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Net assets: $44.2bn on Oct 28, 2026 for JPMorgan Nasdaq Equity Premium Income ETF, and $1.3bn on Oct 12, 2026 for Global X Russell 2000 Covered Call ETF.

JEPQ on its own →RYLD on its own →

At a glance

11.6%

JEPQ cash paid, 1 year

12.1%

RYLD cash paid, 1 year

+14.2%

JEPQ total return, 1 year

+12.1%

RYLD total return, 1 year

JEPQ · 1 year to Oct 28, 2026 1 pt behind QQQ

JEPQ

+14.2%

QQQ

+15.2%

1 pt behind QQQ

JEPQ over 1 year: paid 11.6%, price +1.6%, total +14.2%, QQQ +15.2%, −1.0 pts. Data to Oct 28, 2026.

QQQ

+15.2%

JEPQ

+14.2%

11.6% of it arrived as cash

1 pt behind QQQ

Total return, distributions reinvested

1 pt behind QQQ

JEPQ over 1 year: paid 11.6%, price +1.6%, total +14.2%, QQQ +15.2%, −1.0 pts. Data to Oct 28, 2026.

QQQ

+15.2%

JEPQ

+14.2%

11.6% as cash

1 pt behind QQQ

11.6% of it arrived as cash. Total return, distributions reinvested. JEPQ over 1 year: paid 11.6%, price +1.6%, total +14.2%, QQQ +15.2%, −1.0 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

RYLD · 1 year to Oct 28, 2026 2 pts behind IWM

RYLD

+12.1%

IWM

+14.1%

2 pts behind IWM

RYLD over 1 year: paid 12.1%, price −0.6%, total +12.1%, IWM +14.1%, −2.0 pts. Data to Oct 28, 2026.

IWM

+14.1%

RYLD

+12.1%

12.1% of it arrived as cash

2 pts behind IWM

Total return, distributions reinvested

2 pts behind IWM

RYLD over 1 year: paid 12.1%, price −0.6%, total +12.1%, IWM +14.1%, −2.0 pts. Data to Oct 28, 2026.

IWM

+14.1%

RYLD

+12.1%

12.1% as cash

2 pts behind IWM

12.1% of it arrived as cash. Both charts share one scale, with zero at the line. RYLD over 1 year: paid 12.1%, price −0.6%, total +12.1%, IWM +14.1%, −2.0 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

Pair scorecard

JEPQ costs 0.25 points a year less; their one-year returns differ by 2.1 points; JEPQ is far larger, $44.6bn against $1.3bn.

Points (pts) are percentage points.

JEPQ vs RYLD: Dividend Yield & Total Return
Measure	JEPQ	RYLD
Paid and earned
Measure	JEPQ	RYLD
Total return, 1 year	+14.2%	+12.1%
Price change, 1 year	rose 1.6%	fell 0.6%
Return of capital, issuer estimate		100% of the Sep 24, 2026 payment
Against its benchmark
Measure	JEPQ	RYLD
Benchmark	Nasdaq-100, measured through QQQ	Russell 2000, measured through IWM
Against its benchmark, same days	behind by 1.0 pts	behind by 2.0 pts
Cost and size
Measure	JEPQ	RYLD
Expense ratio	0.35%	0.60%
Net assets, as of Oct 12, 2026	$44.6bn	$1.3bn
Holdings
Measure	JEPQ	RYLD
Holdings in common	0%

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

IQ Income Score72.3JEPQ57.6RYLD

How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company. 100 is best. How it is computed

JEPQ 72.3

RYLD 57.6

0.3, the lowest in this set 99.7, the highest

A percentile among the 164 income ETFs not writing on a single company. 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 →

Holdings in common uses holdings dated Jul 31, 2026 and Oct 28, 2026. Method

Risk and return

May 13, 2022 to Oct 23, 2026 · 232 weekly returns

JEPQ RYLD

Return

Total return edge JEPQ +98.5% +21.9%

Annualized edge JEPQ +16.6% +4.5%

Price return edge JEPQ +21.0% −29.0%

Risk

Volatility edge RYLD 15.6% 11.6%

Max drawdown edge RYLD −18.5% −15.3%

Downside capture 79.0% 62.8%

Beta 0.71 0.54

Risk-adjusted

Sharpe edge JEPQ 0.78 0.06

Sortino edge JEPQ 1.15 0.08

Treynor 0.173 0.063

Calmar edge JEPQ 0.90 0.30

Against the benchmark

Alpha −0.1% a year −1.3% a year

Alpha t-stat −0.05 −0.43

Information ratio −0.68 −0.38

Tracking error 7.7% 13.9%

Each against its own benchmark: JEPQ against QQQ, May 13, 2022 to Oct 23, 2026; RYLD against IWM, May 3, 2019 to Oct 23, 2026.

Reading

JEPQ returned more: +98.5% to +21.9%. RYLD swung less: 11.6% to 15.6%. RYLD fell less at its worst: −15.3% to −18.5%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: JEPQ vs RYLD: Dividend Yield & Total Return
Measure	JEPQ	RYLD	Edge	How it is measured
Return
Total return	+98.5%	+21.9%	JEPQ	Price change plus distributions, reinvested.
Annualized	+16.6%	+4.5%	JEPQ	Total return as a yearly rate.
Price return	+21.0%	−29.0%	JEPQ	Price change alone, distributions left out.
Risk
Volatility	15.6%	11.6%	RYLD	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	10.6%	9.1%	RYLD	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−18.5%	−15.3%	RYLD	Deepest fall from a high to the low after it.
Upside capture	56.8%	33.1%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	79.0%	62.8%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.71	0.54	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.92	0.73	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.78	0.06	JEPQ	Return above Treasury bills per unit of volatility.
Sortino	1.15	0.08	JEPQ	Return above Treasury bills per unit of downside deviation.
Treynor	0.173	0.063		Return above Treasury bills per unit of beta.
Calmar	0.90	0.30	JEPQ	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	QQQ	IWM		The ETF each fund is measured against.
Alpha	−0.1% a year	−1.3% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.05	−0.43	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−4.3% to +4.1%	−7.0% to +4.5%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.68	−0.38		Return against its benchmark per unit of tracking error.
Tracking error	7.7%	13.9%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 232 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, JEPQ and RYLD hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 28, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first JEPQ RYLD

Only in one fund ↓

Only in JEPQ

NVIDIA CORP COMMON STOCK 7.02%

APPLE INC COMMON STOCK 6.66%

MICROSOFT CORP COMMON 5.44%

MICRON TECHNOLOGY INC 4.58%

ALPHABET INC-CL C 4.51%

AMAZON.COM INC COMMON 3.85%

ADVANCED MICRO DEVICES 3.77%

META PLATFORMS INC COMMON 2.53%

Only in RYLD

Global X Russell 2000 ETF 100.94%

N/A 0.00%

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 RYLD Global X Russell 2000 Covered Call ETF · Covered call on IWM, paying monthly

Issuer JPMorgan Global X

Strategy covered call covered call

Benchmark Nasdaq-100 (QQQ) Russell 2000 (IWM)

Pays monthly monthly

Payout rate, annualized 11.3% 11.5%

Expense ratio 0.35% 0.60%

Cash paid, 1 year 11.6% 12.1%

Price change, 1 year +1.6% −0.6%

Total return, 1 year +14.2% +12.1%

Benchmark return, 1 year +15.2% +14.1%

Ahead or behind −1.0 pts −2.0 pts

Return of capital, latest estimate not published 100%

Age 4.5 years 7.5 years

Net assets, JEPQ as of Oct 28, 2026 and RYLD as of Oct 12, 2026 $44.2bn $1.3bn

As of Oct 28, 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 RYLD: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPQ	RYLD	JEPQ	RYLD	JEPQ	RYLD
3 months	+10.5%	−0.3%	3.5%	2.9%	+0.8 pts	+1.9 pts
6 months	+8.4%	+6.8%	6.3%	6.2%	−1.5 pts	+2.9 pts
1 year	+14.2%	+12.1%	11.6%	12.1%	−1.0 pts	−2.1 pts
3 years	+83.5%	+38.8%	39.9%	35.9%	−30.2 pts	−40.5 pts
Since launchNot the same days: JEPQ May 2022 · RYLD Apr 2019	+92.9%	+49.0%	50.3%	68.4%	−33.4 pts	−50.0 pts

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Client brief · page 1 of 2 Report BR-2AA36BA248

JEPQ and RYLD are built for the same job. How do they differ in cost, holdings and results?

What each is measured against. JEPQ is measured against Nasdaq-100 through QQQ and RYLD against Russell 2000 through IWM.
Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 28, 2026 and Jul 31, 2026).
One-year total return. Over 1 year to Oct 28, 2026 JEPQ returned +14.2% and RYLD +12.1% with distributions reinvested, a gap of 2.1 points.

Data as of Oct 28, 2026.

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About each fund

JEPQ

Over the year to Oct 28, 2026, JEPQ paid 11.6% of its starting value in cash distributions while its price rose 1.6%. With every distribution reinvested, the fund returned +14.2%. Nasdaq-100 (QQQ) returned +15.2% over the same days, so a holder was behind by 1.0 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 11.3%, paid monthly.

RYLD

Over the year to Oct 28, 2026, RYLD paid 12.1% of its starting value in cash distributions while its price fell 0.6%. With every distribution reinvested, the fund returned +12.1%. Russell 2000 (IWM) returned +14.1% over the same days, so a holder was behind by 2.0 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 11.5%, paid monthly. Global X estimates that 100% 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 RYLD?: Over the year to Oct 28, 2026, JEPQ paid 11.6% of its starting price in cash and RYLD paid 12.1%, so RYLD 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 RYLD?: With every distribution reinvested, JEPQ returned +14.2% and RYLD +12.1% over the year to Oct 28, 2026.
Which is cheaper, JEPQ or RYLD?: JEPQ charges 0.35% a year and RYLD charges 0.60%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPQ vs RECI JEPQ vs NVDY JEPQ vs MSTY JEPQ vs SDVD RYLD vs QQQI RYLD vs QYLD RYLD vs QDTE RYLD vs GPIQ

Where to next

Nasdaq-100 (QQQ) →Russell 2000 (IWM) →JEPQ on its own →RYLD on its own →JEPQ dividend history →JEPQ holdings →RYLD dividend history →RYLD holdings →Method →Standards and sources →

Sources and dates

JEPQ filings on SEC EDGAR ↗

JEPQ prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

RYLD filings on SEC EDGAR ↗

RYLD prospectus with the expense ratio (SEC) ↗

RYLD 19a-1 distribution notice ↗

Global X page for RYLD ↗

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 RYLD, data as of Oct 28, 2026. https://etfiq.com/compare/income/jepq-vs-ryld

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