Which is cheaper, JEPQ or SCEP?

JEPQ charges 0.35% a year and SCEP charges 0.65%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JEPQ vs SCEP: Dividend Yield & Total Return

JEPQ and SCEP 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 $235m on Jun 30, 2026 for STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME ETF.

JEPQ on its own →SCEP on its own →

At a glance

11.9%

JEPQ cash paid, 1 year

6.1%

SCEP cash paid, since launch, Dec 11, 2025

+10.4%

JEPQ total return, 1 year

+5.3%

SCEP total return, since launch, Dec 11, 2025

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% 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.

SCEP · since launch to Nov 4, 2026 Not measured

SCEP

+5.3%

none

Not measured

SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.

SCEP

+5.3%

6.1% of it arrived as cash

Total return, distributions reinvested

Not measured

SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.

SCEP

+5.3%

6.1% of it arrived as cash. Both charts share one scale, with zero at the line. SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

JEPQ costs 0.30 points a year less.

Points (pts) are percentage points.

JEPQ vs SCEP: Dividend Yield & Total Return
Measure	JEPQ	SCEP
Paid and earned
Measure	JEPQ	SCEP
Total return, 1 year	+10.4%	not published
Price change	fell 1.9% (1 year)	fell 1.1% (6 months)
Return of capital, issuer estimate		100% of the Oct 5, 2026 payment
Against its benchmark
Measure	JEPQ	SCEP
Benchmark	Nasdaq-100, measured through QQQ	its own stocks
Cost and size
Measure	JEPQ	SCEP
Expense ratio	0.35%	0.65%
Net assets, JEPQ as of Nov 3, 2026 and SCEP as of Jun 30, 2026	$42.1bn	$235m
Holdings
Measure	JEPQ	SCEP
Holdings in common	40%

Method

What they share

40%

By the books each fund has filed, JEPQ and SCEP hold 40% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

40% in common

Positions both hold · largest shared weight first JEPQ SCEP

APPLE INC COMMON STOCK 6.76% 5.61%

NVIDIA CORP COMMON STOCK 7.09% 5.61%

ALPHABET INC-CL C 4.10% 5.88%

AMAZON.COM INC COMMON 3.98% 4.60%

MICROSOFT CORP COMMON 5.61% 3.43%

META PLATFORMS INC COMMON 2.70% 2.19%

ADVANCED MICRO DEVICES 3.31% 2.16%

BROADCOM INC COMMON 1.95% 5.51%

LAM RESEARCH CORP COMMON 1.58% 2.60%

COSTCO WHOLESALE CORP 1.29% 2.36%

ANALOG DEVICES INC 1.20% 1.84%

WALMART INC COMMON STOCK 2.03% 1.03%

Only in one fund ↓

Only in JEPQ

MICRON TECHNOLOGY INC 4.19%

TESLA INC COMMON STOCK 2.40%

SPACE EXPLORATION TECHNOLOGIES CORP 1.61%

SEAGATE TECHNOLOGY 1.20%

CISCO SYSTEMS INC COMMON 1.17%

Nasdaq-100 equity-linked note 12 1.17%

Nasdaq-100 equity-linked note 13 1.17%

Nasdaq-100 equity-linked note 14 1.17%

Only in SCEP

JP MORGAN CHASE & COMPANY 3.50%

PARKER-HANNIFIN CORP 2.59%

WILLIAMS COMPANIES INC (THE) 2.11%

ILLINOIS TOOL WORKS INC 2.04%

EQUINIX INC 2.02%

VISA INC 1.94%

AMPHENOL CORP 1.90%

MONOLITHIC POWER SYSTEMS INC 1.86%

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 SCEP STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME ETF · Covered call on its own stocks, paying monthly

Issuer JPMorgan Sterling Capital

Strategy covered call covered call

Benchmark Nasdaq-100 (QQQ) SCEP's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026)

Pays monthly monthly

Payout rate, annualized 11.3% 7.0%

Expense ratio 0.35% 0.65%

Cash paid, 1 year 11.9% 6.1% (since launch, Dec 11, 2025)

Price change, 1 year −1.9% −1.0% (since launch, Dec 11, 2025)

Total return, 1 year +10.4% +5.3% (since launch, Dec 11, 2025)

Benchmark return, 1 year +12.3% not published

Ahead or behind −1.9 pts not available

Return of capital, latest estimate not published 100%

Age 4.5 years 328 days

Net assets, JEPQ as of Nov 3, 2026 and SCEP as of Jun 30, 2026 $42.1bn $235m

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 SCEP: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPQ	SCEP	JEPQ	SCEP	JEPQ	SCEP
3 months	−0.9%	−1.2%	3.0%	1.7%	+2.6 pts	+0.8 pts
6 months	+2.3%	+2.4%	6.2%	3.5%	+2.6 pts	+0.4 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 · SCEP Dec 2025	+85.2%	+5.3%	51.4%	6.1%	−30.6 pts	not measured

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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.

SCEP

SCEP's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned +2.1% over the same days, so a holder was about even.

Over the 6 months to Nov 4, 2026, SCEP paid 3.5% of its starting value in cash distributions while its price fell 1.1%. With every distribution reinvested, the fund returned +2.4%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.0%, paid monthly. Sterling Capital estimates that 100% of the distribution paid Oct 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, JEPQ or SCEP?: JEPQ charges 0.35% a year and SCEP charges 0.65%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

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Where to next

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

Sources and dates

JEPQ filings on SEC EDGAR ↗

JEPQ prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

SCEP filings on SEC EDGAR ↗

SCEP prospectus with the expense ratio (SEC) ↗

SCEP 19a-1 distribution notice ↗

Sterling Capital website ↗

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

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