Which paid more, JEPQ or SEPI?

Over the year to Nov 4, 2026, JEPQ paid 11.9% of its starting price in cash and SEPI paid 8.9%, so JEPQ 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 SEPI?

With every distribution reinvested, JEPQ returned +10.4% and SEPI +17.9% over the year to Nov 4, 2026.

Which is cheaper, JEPQ or SEPI?

JEPQ charges 0.35% a year and SEPI charges 0.54%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JEPQ vs SEPI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, JEPQ paid 11.9% of its price in cash against SEPI’s 8.9%, though SEPI 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 $152m on Jun 30, 2026 for Shelton Equity Premium Income ETF.

JEPQ on its own →SEPI on its own →

At a glance

11.9%

JEPQ cash paid, 1 year

8.9%

SEPI cash paid, 1 year

+10.4%

JEPQ total return, 1 year

+17.9%

SEPI 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.

SEPI · 1 year to Nov 4, 2026 3.1 pts ahead of SPY

SEPI

+17.9%

SPY

+14.8%

3.1 pts ahead of SPY

SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SEPI

+17.9%

8.9% of it arrived as cash

3.1 pts ahead of SPY

Total return, distributions reinvested

3.1 pts ahead of SPY

SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SEPI

+17.9%

8.9% cash

3.1 pts ahead of SPY

8.9% of it arrived as cash. Both charts share one scale, with zero at the line. SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

JEPQ costs 0.19 points a year less; their one-year returns differ by 7.5 points.

Points (pts) are percentage points.

JEPQ vs SEPI: Dividend Yield & Total Return
Measure	JEPQ	SEPI
Paid and earned
Measure	JEPQ	SEPI
Total return, 1 year	+10.4%	+17.9%
Price change, 1 year	fell 1.9%	rose 8.3%
Against its benchmark
Measure	JEPQ	SEPI
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	JEPQ	SEPI
Expense ratio	0.35%	0.54%
Net assets, JEPQ as of Nov 3, 2026 and SEPI as of Jun 30, 2026	$42.1bn	$152m
Holdings
Measure	JEPQ	SEPI
Holdings in common	37%

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

IQ Income Score50JEPQ85.9SEPI

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

SEPI 85.9

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

What they share

37%

By the books each fund has filed, JEPQ and SEPI hold 37% 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

37% in common

Positions both hold · largest shared weight first JEPQ SEPI

APPLE INC COMMON STOCK 6.76% 5.45%

NVIDIA CORP COMMON STOCK 7.09% 4.20%

MICRON TECHNOLOGY INC 4.19% 6.79%

ALPHABET INC-CL C 4.10% 4.86%

MICROSOFT CORP COMMON 5.61% 3.55%

AMAZON.COM INC COMMON 3.98% 3.50%

ADVANCED MICRO DEVICES 3.31% 7.84%

META PLATFORMS INC COMMON 2.70% 2.90%

BROADCOM INC COMMON 1.95% 3.20%

WALMART INC COMMON STOCK 2.03% 1.76%

NETFLIX INC COMMON STOCK 1.13% 1.26%

MONSTER BEVERAGE CORP 0.53% 1.62%

Only in one fund ↓

Only in JEPQ

TESLA INC COMMON STOCK 2.40%

SPACE EXPLORATION TECHNOLOGIES CORP 1.61%

LAM RESEARCH CORP COMMON 1.58%

COSTCO WHOLESALE CORP 1.29%

PALO ALTO NETWORKS INC 1.28%

PALANTIR TECHNOLOGIES INC 1.25%

ANALOG DEVICES INC 1.20%

SEAGATE TECHNOLOGY 1.20%

Only in SEPI

CATERPILLAR INC 7.49%

GOLDMAN SACHS GROUP INC (THE) 4.07%

JOHNSON & JOHNSON 3.44%

EXXON MOBIL CORP 3.21%

MERCK & COMPANY INC 2.78%

EBAY INC 2.57%

ARISTA NETWORKS INC 2.27%

DUKE ENERGY CORP 2.17%

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 SEPI Shelton Equity Premium Income ETF · Covered call on SPY, paying monthly

Issuer JPMorgan Shelton

Strategy covered call covered call

Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 11.3% 8.5%

Expense ratio 0.35% 0.54%

Cash paid, 1 year 11.9% 8.9%

Price change, 1 year −1.9% +8.3%

Total return, 1 year +10.4% +17.9%

Benchmark return, 1 year +12.3% +14.8%

Ahead or behind −1.9 pts +3.1 pts

Return of capital, latest estimate not published 99%

Age 4.5 years 1.2 years

Net assets, JEPQ as of Nov 3, 2026 and SEPI as of Jun 30, 2026 $42.1bn $152m

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 SEPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPQ	SEPI	JEPQ	SEPI	JEPQ	SEPI
3 months	−0.9%	−0.1%	3.0%	2.1%	+2.6 pts	0.0 pts
6 months	+2.3%	+6.8%	6.2%	4.4%	+2.6 pts	+1.8 pts
1 year	+10.4%	+17.9%	11.9%	8.9%	−1.8 pts	+3.1 pts
3 years	+66.7%	–	38.3%	–	−24.7 pts	–
Since launchNot the same days: JEPQ May 2022 · SEPI Sep 2025	+85.2%	+23.5%	51.4%	10.0%	−30.6 pts	+3.7 pts

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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.

SEPI

Over the year to Nov 4, 2026, SEPI paid 8.9% of its starting value in cash distributions while its price rose 8.3%. With every distribution reinvested, the fund returned +17.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 3.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.5%, paid monthly. Shelton estimates that 99% of the distribution paid Sep 30, 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 SEPI?: Over the year to Nov 4, 2026, JEPQ paid 11.9% of its starting price in cash and SEPI paid 8.9%, so JEPQ 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 SEPI?: With every distribution reinvested, JEPQ returned +10.4% and SEPI +17.9% over the year to Nov 4, 2026.
Which is cheaper, JEPQ or SEPI?: JEPQ charges 0.35% a year and SEPI charges 0.54%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPQ vs EGGY JEPQ vs XSPI JEPQ vs JOYT JEPQ vs XYLG SEPI vs QQQI SEPI vs QYLD SEPI vs QDTE SEPI vs QYLG

Where to next

Nasdaq-100 (QQQ) →S&P 500 (SPY) →JEPQ on its own →SEPI on its own →JEPQ dividend history →JEPQ holdings →SEPI dividend history →SEPI holdings →Method →Standards and sources →

Sources and dates

JEPQ filings on SEC EDGAR ↗

JEPQ prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

SEPI filings on SEC EDGAR ↗

SEPI prospectus with the expense ratio (SEC) ↗

SEPI 19a-1 distribution notice ↗

Shelton website ↗

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

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