Data as of .
JEPQ vs XSPI: which paid, and which earned it?
JEPQ and XSPI both write options for income.
What they hold in common
By the books each fund has filed, JEPQ and XSPI hold 48% of their money in the same securities at the same weight.
| Holding | JEPQ | XSPI |
|---|---|---|
| NVIDIA Corp. | 6.68% | 8.50% |
| Apple, Inc. | 5.83% | 7.83% |
| Microsoft Corp. | 3.90% | 5.80% |
| Amazon.com, Inc. | 3.67% | 3.94% |
| Alphabet, Inc. | 5.05% | 3.24% |
| Meta Platforms, Inc. | 2.38% | 2.25% |
| Broadcom, Inc. | 2.16% | 2.65% |
| Micron Technology, Inc. | 5.58% | 1.75% |
| Tesla, Inc. | 2.39% | 1.59% |
| Advanced Micro Devices, Inc. | 3.87% | 1.40% |
| Intel Corp. | 1.62% | 0.79% |
| Walmart, Inc. | 1.79% | 0.73% |
| Only in JEPQ | Only in XSPI |
|---|---|
| Citigroup Global Markets Holdings, Inc. 1.14% | Alphabet Inc 2.57% |
| Toronto-Dominion Bank (The) 1.14% | Berkshire Hathaway Inc 1.47% |
| BNP Paribas Issuance BV 1.14% | JPMORGAN CHASE & CO. 1.47% |
| Royal Bank of Canada 1.13% | Eli Lilly & Co 1.42% |
| ASML Holding NV 1.13% | SPX US 10/16/26 C7500 1.39% |
| BNP Paribas Issuance BV 1.13% | ExxonMobil Holdings Corp 1.08% |
| Royal Bank of Canada 1.13% | Johnson & Johnson 1.02% |
| Toronto-Dominion Bank (The) 1.12% | Visa Inc 0.94% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| JEPQ | XSPI | JEPQ | XSPI | JEPQ | XSPI | |
| 3 months | +1.6% | +3.7% | 3.3% | 4.2% | +4.1 pts | +1.4 pts |
| 6 months | +15.1% | +20.0% | 6.7% | 9.2% | −9.2 pts | +1.9 pts |
| 1 year | +18.5% | not published | 11.9% | not published | −3.2 pts | not published |
| 3 years | +73.0% | not published | 37.2% | not published | −25.1 pts | not published |
| Since launch | +91.7% | +11.6% | 49.2% | 11.1% | −33.0 pts | +0.2 pts |
| JEPQ JPMorgan Nasdaq Equity Premium Income ETF Covered call on QQQ, paying monthly | XSPI NEOS Boosted S&P 500(R) High Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | JPMorgan | NEOS |
| Strategy | covered call | option income |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 13.6% | 17.1% |
| Expense ratio | 0.35% | 0.98% |
| Cash paid, 1 year | 11.9% | 11.1% (since launch on Feb 3, 2026) |
| Price change, 1 year | +5.7% | −0.3% |
| Total return, 1 year | +18.5% | +11.6% (since launch on Feb 3, 2026) |
| Benchmark return, 1 year | +21.8% | +11.3% |
| Ahead or behind | −3.2 pts | +0.2 pts |
| Return of capital, latest estimate | not published | 99% |
| Age | 1598 days | 227 days |
| Net assets | $43.0bn | $113m |
JEPQ in plain words
Over the year to Sep 18, 2026, JEPQ paid 11.9% of its starting value in cash distributions while its price rose 5.7%. With every distribution reinvested, the fund returned +18.5%. Nasdaq-100 (QQQ) returned +21.8% over the same days, so a holder was behind by 3.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 13.6%, paid monthly.
XSPI in plain words
Over the period since launch on Feb 3, 2026 to Sep 18, 2026, XSPI paid 11.1% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned +11.6%. S&P 500 (SPY) returned +11.3% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 17.1%, paid monthly. NEOS estimates that 99% of the distribution paid Jul 10, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, JEPQ or XSPI?
- JEPQ charges 0.35% a year and XSPI charges 0.98%, so JEPQ is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, JEPQ against XSPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/jepq-vs-xspi Free to use with attribution; the underlying files are at Open data.