Which is cheaper, JEPQ or TPRY?

JEPQ charges 0.35% a year and TPRY charges 0.95%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JEPQ vs TPRY: Dividend Yield & Total Return

JEPQ and TPRY both write options for income.

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Net assets on Nov 3, 2026: $42.1bn for JPMorgan Nasdaq Equity Premium Income ETF and $3.3m for VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF.

JEPQ on its own →TPRY on its own →

At a glance

11.9%

JEPQ cash paid, 1 year

9.7%

TPRY cash paid, since launch, Feb 26, 2026

+10.4%

JEPQ total return, 1 year

−7.2%

TPRY total return, since launch, Feb 26, 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.

TPRY · since launch to Nov 4, 2026 19.3 pts behind SPY

TPRY

−7.2%

SPY

+12.1%

19.3 pts behind SPY

TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.

SPY

+12.1%

TPRY

−7.2%

19.3 pts behind SPY

Total return, distributions reinvested

19.3 pts behind SPY

TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.

SPY

+12.1%

TPRY

−7.2%

19.3 pts behind SPY

9.7% of it arrived as cash. Both charts share one scale, with zero at the line. TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

JEPQ costs 0.60 points a year less; JEPQ is far larger, $42.1bn against $3.3m.

Points (pts) are percentage points.

JEPQ vs TPRY: Dividend Yield & Total Return
Measure	JEPQ	TPRY
Paid and earned
Measure	JEPQ	TPRY
Total return, 1 year	+10.4%	not published
Price change	fell 1.9% (1 year)	fell 16.1% (since Feb 26, 2026)
Return of capital, issuer estimate		19% of the Oct 27, 2026 payment
Against its benchmark
Measure	JEPQ	TPRY
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	JEPQ	TPRY
Expense ratio	0.35%	0.95%
Net assets, as of Nov 3, 2026	$42.1bn	$3.3m
Holdings
Measure	JEPQ	TPRY
Holdings in common	33%

Method

What they share

33%

By the books each fund has filed, JEPQ and TPRY hold 33% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

33% in common

Positions both hold · largest shared weight first JEPQ TPRY

APPLE INC COMMON STOCK 6.76% 5.64%

NVIDIA CORP COMMON STOCK 7.09% 4.34%

MICRON TECHNOLOGY INC 4.19% 11.36%

ALPHABET INC-CL C 4.10% 6.34%

AMAZON.COM INC COMMON 3.98% 14.29%

ADVANCED MICRO DEVICES 3.31% 3.54%

META PLATFORMS INC COMMON 2.70% 5.56%

LAM RESEARCH CORP COMMON 1.58% 3.44%

BROADCOM INC COMMON 1.95% 1.49%

ASML HOLDING NV NY REG 0.91% 2.58%

QUALCOMM INC COMMON STOCK 0.53% 1.48%

UBER TECHNOLOGIES INC 0.13% 5.69%

Only in one fund ↓

Only in JEPQ

MICROSOFT CORP COMMON 5.61%

TESLA INC COMMON STOCK 2.40%

WALMART INC COMMON STOCK 2.03%

SPACE EXPLORATION TECHNOLOGIES CORP 1.61%

COSTCO WHOLESALE CORP 1.29%

PALO ALTO NETWORKS INC 1.28%

PALANTIR TECHNOLOGIES INC 1.25%

ANALOG DEVICES INC 1.20%

Only in TPRY

Taiwan Semiconductor Manufacturing Co Ltd 8.48%

Alibaba Group Holding Ltd 4.55%

Vistra Corp 4.31%

Boeing Co 4.22%

American Airlines Group Inc 3.95%

NRG Energy Inc 3.69%

Baidu Inc 3.66%

CoreWeave Inc 1.77%

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 TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF · Covered call on SPY, paying monthly

Issuer JPMorgan VistaShares

Strategy covered call covered call

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

Pays monthly monthly

Payout rate, annualized 11.3% 15.7%

Expense ratio 0.35% 0.95%

Cash paid, 1 year 11.9% 9.7% (since launch, Feb 26, 2026)

Price change, 1 year −1.9% −16.1% (since launch, Feb 26, 2026)

Total return, 1 year +10.4% −7.2% (since launch, Feb 26, 2026)

Benchmark return, 1 year +12.3% +12.1% (since launch, Feb 26, 2026)

Ahead or behind −1.9 pts −19.3 pts (since launch, Feb 26, 2026)

Return of capital, latest estimate not published 19%

Age 4.5 years 251 days

Net assets, as of Nov 3, 2026 $42.1bn $3.3m

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 TPRY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPQ	TPRY	JEPQ	TPRY	JEPQ	TPRY
3 months	−0.9%	−9.7%	3.0%	3.6%	+2.6 pts	−9.5 pts
6 months	+2.3%	−14.1%	6.2%	6.9%	+2.6 pts	−19.1 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 · TPRY Feb 2026	+85.2%	−7.2%	51.4%	9.7%	−30.6 pts	−19.3 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.

TPRY

Over the period from its first trade on Feb 26, 2026 to Nov 4, 2026, TPRY paid 9.7% of its starting value in cash distributions while its price fell 16.1%. With every distribution reinvested, the fund returned −7.2%. S&P 500 (SPY) returned +12.1% over the same days, so a holder was behind by 19.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.7%, paid monthly. VistaShares estimates that 19% of the distribution paid Oct 27, 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 TPRY?: JEPQ charges 0.35% a year and TPRY charges 0.95%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPQ vs SPYI JEPQ vs NLSI JEPQ vs JULJ JEPQ vs OCTJ TPRY vs QQQI TPRY vs QYLD TPRY vs QDTE TPRY vs QQQY

Where to next

Nasdaq-100 (QQQ) →S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →JEPQ on its own →TPRY on its own →JEPQ dividend history →JEPQ holdings →TPRY dividend history →TPRY holdings →Method →Standards and sources →

Sources and dates

JEPQ filings on SEC EDGAR ↗

JEPQ prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

TPRY filings on SEC EDGAR ↗

TPRY prospectus with the expense ratio (SEC) ↗

TPRY 19a-1 distribution notice ↗

VistaShares page for TPRY ↗

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

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