Which is cheaper, JEPQ or XQQI?

JEPQ charges 0.35% a year and XQQI charges 0.98%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JEPQ vs XQQI: Dividend Yield & Total Return

JEPQ and XQQI 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 $408m on Oct 28, 2026 for NEOS Boosted Nasdaq-100 High Income ETF.

JEPQ on its own →XQQI on its own →

At a glance

11.9%

JEPQ cash paid, 1 year

17.0%

XQQI cash paid, since launch, Feb 3, 2026

+10.4%

JEPQ total return, 1 year

+7.7%

XQQI total return, since launch, Feb 3, 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%

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.

XQQI · since launch to Nov 4, 2026 4.9 pts behind QQQ

XQQI

+7.7%

QQQ

+12.6%

4.9 pts behind QQQ

XQQI since launch: paid 17.0%, price −9.2%, total +7.7%, QQQ +12.6%, −4.9 pts. Data to Nov 4, 2026.

QQQ

+12.6%

XQQI

+7.7%

17.0% of it arrived as cash

4.9 pts behind QQQ

Total return, distributions reinvested

4.9 pts behind QQQ

XQQI since launch: paid 17.0%, price −9.2%, total +7.7%, QQQ +12.6%, −4.9 pts. Data to Nov 4, 2026.

QQQ

+12.6%

XQQI

+7.7%

17.0% cash

4.9 pts behind QQQ

17.0% of it arrived as cash. Both charts share one scale, with zero at the line. XQQI since launch: paid 17.0%, price −9.2%, total +7.7%, QQQ +12.6%, −4.9 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

JEPQ costs 0.63 points a year less; JEPQ is far larger, $44.2bn against $408m.

Points (pts) are percentage points.

JEPQ vs XQQI: Dividend Yield & Total Return
Measure	JEPQ	XQQI
Paid and earned
Measure	JEPQ	XQQI
Total return, 1 year	+10.4%	not published
Price change	fell 1.9% (1 year)	fell 9.2% (since Feb 3, 2026)
Return of capital, issuer estimate		100% of the Oct 9, 2026 payment
Against its benchmark
Measure	JEPQ	XQQI
Benchmark	Nasdaq-100, measured through QQQ	Nasdaq-100, measured through QQQ
Cost and size
Measure	JEPQ	XQQI
Expense ratio	0.35%	0.98%
Net assets, as of Oct 28, 2026	$44.2bn	$408m
Holdings
Measure	JEPQ	XQQI
Holdings in common	73%

Method

What they share

73%

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

50%

0 half 100%

half

73% in common

Positions both hold · largest shared weight first JEPQ XQQI

NVIDIA CORP COMMON STOCK 7.09% 8.71%

APPLE INC COMMON STOCK 6.76% 8.50%

MICROSOFT CORP COMMON 5.61% 6.78%

MICRON TECHNOLOGY INC 4.19% 4.63%

AMAZON.COM INC COMMON 3.98% 4.74%

ADVANCED MICRO DEVICES 3.31% 3.78%

ALPHABET INC-CL C 4.10% 2.70%

META PLATFORMS INC COMMON 2.70% 3.22%

TESLA INC COMMON STOCK 2.40% 3.64%

WALMART INC COMMON STOCK 2.03% 2.93%

BROADCOM INC COMMON 1.95% 2.78%

LAM RESEARCH CORP COMMON 1.58% 1.39%

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 XQQI

Alphabet Inc 2.90%

NDX US 01/15/27 C30500 0.71%

Automatic Data Processing Inc 0.61%

Fortinet Inc 0.48%

Cintas Corp 0.46%

Cadence Design Systems Inc 0.45%

American Electric Power Co Inc 0.33%

Monolithic Power Systems Inc 0.32%

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 XQQI NEOS Boosted Nasdaq-100 High Income ETF · Option income on QQQ, paying monthly

Issuer JPMorgan NEOS

Strategy covered call option income

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

Pays monthly monthly

Payout rate, annualized 11.3% 20.2%

Expense ratio 0.35% 0.98%

Cash paid, 1 year 11.9% 17.0% (since launch, Feb 3, 2026)

Price change, 1 year −1.9% −9.2% (since launch, Feb 3, 2026)

Total return, 1 year +10.4% +7.7% (since launch, Feb 3, 2026)

Benchmark return, 1 year +12.3% +12.6% (since launch, Feb 3, 2026)

Ahead or behind −1.9 pts −4.9 pts (since launch, Feb 3, 2026)

Return of capital, latest estimate not published 100%

Age 4.5 years 274 days

Net assets, JEPQ as of Nov 3, 2026 and XQQI as of Oct 28, 2026 $42.1bn $408m

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 XQQI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPQ	XQQI	JEPQ	XQQI	JEPQ	XQQI
3 months	−0.9%	−4.1%	3.0%	5.0%	+2.6 pts	−0.6 pts
6 months	+2.3%	−3.0%	6.2%	10.0%	+2.6 pts	−2.6 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 · XQQI Feb 2026	+85.2%	+7.7%	51.4%	17.0%	−30.6 pts	−4.9 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.

XQQI

Over the period from its first trade on Feb 3, 2026 to Nov 4, 2026, XQQI paid 17.0% of its starting value in cash distributions while its price fell 9.2%. With every distribution reinvested, the fund returned +7.7%. Nasdaq-100 (QQQ) returned +12.6% over the same days, so a holder was behind by 4.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 20.2%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 9, 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 XQQI?: JEPQ charges 0.35% a year and XQQI charges 0.98%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPQ vs TDAQ JEPQ vs GPIQ JEPQ vs QYLD JEPQ vs QRMI XQQI vs KIQQ XQQI vs QQQI XQQI vs QDTE XQQI vs QQQY

Where to next

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

Sources and dates

JEPQ filings on SEC EDGAR ↗

JEPQ prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

XQQI filings on SEC EDGAR ↗

XQQI prospectus with the expense ratio (SEC) ↗

XQQI 19a-1 distribution notice ↗

NEOS page for XQQI ↗

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

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