Which paid more, JEPQ or XYLD?

Over the year to Oct 28, 2026, JEPQ paid 11.6% of its starting price in cash and XYLD paid 10.6%, 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 XYLD?

With every distribution reinvested, JEPQ returned +14.2% and XYLD +15.8% over the year to Oct 28, 2026.

Which is cheaper, JEPQ or XYLD?

JEPQ charges 0.35% a year and XYLD charges 0.60%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Income ETFs

JEPQ vs XYLD: Dividend Yield & Total Return

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Over the year to Oct 28, 2026, JEPQ paid 11.6% of its price in cash against XYLD’s 10.6%, though XYLD returned more with it reinvested.

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Net assets: $44.2bn on Oct 28, 2026 for JPMorgan Nasdaq Equity Premium Income ETF, and $3.4bn on Oct 12, 2026 for Global X S&P 500 Covered Call ETF.

JEPQ on its own →XYLD on its own →

At a glance

11.6%

JEPQ cash paid, 1 year

10.6%

XYLD cash paid, 1 year

+14.2%

JEPQ total return, 1 year

+15.8%

XYLD total return, 1 year

JEPQ · 1 year to Oct 28, 2026 1 pt behind QQQ

JEPQ

+14.2%

QQQ

+15.2%

1 pt behind QQQ

JEPQ over 1 year: paid 11.6%, price +1.6%, total +14.2%, QQQ +15.2%, −1.0 pts. Data to Oct 28, 2026.

QQQ

+15.2%

JEPQ

+14.2%

11.6% of it arrived as cash

1 pt behind QQQ

Total return, distributions reinvested

1 pt behind QQQ

JEPQ over 1 year: paid 11.6%, price +1.6%, total +14.2%, QQQ +15.2%, −1.0 pts. Data to Oct 28, 2026.

QQQ

+15.2%

JEPQ

+14.2%

11.6% as cash

1 pt behind QQQ

11.6% of it arrived as cash. Total return, distributions reinvested. JEPQ over 1 year: paid 11.6%, price +1.6%, total +14.2%, QQQ +15.2%, −1.0 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

XYLD · 1 year to Oct 28, 2026 2.2 pts ahead of SPY

XYLD

+15.8%

SPY

+13.6%

2.2 pts ahead of SPY

XYLD over 1 year: paid 10.6%, price +4.3%, total +15.8%, SPY +13.6%, +2.2 pts. Data to Oct 28, 2026.

SPY

+13.6%

XYLD

+15.8%

10.6% of it arrived as cash

2.2 pts ahead of SPY

Total return, distributions reinvested

2.2 pts ahead of SPY

XYLD over 1 year: paid 10.6%, price +4.3%, total +15.8%, SPY +13.6%, +2.2 pts. Data to Oct 28, 2026.

SPY

+13.6%

XYLD

+15.8%

10.6% as cash

2.2 pts ahead of SPY

10.6% of it arrived as cash. Both charts share one scale, 0 to +15.8%. XYLD over 1 year: paid 10.6%, price +4.3%, total +15.8%, SPY +13.6%, +2.2 pts. Data to Oct 28, 2026.

Both charts share one scale, 0 to +15.8%. Data to Oct 28, 2026.

Pair scorecard

JEPQ costs 0.25 points a year less; their one-year returns differ by 1.6 points; JEPQ is 13.1 times larger.

Points (pts) are percentage points.

JEPQ vs XYLD: Dividend Yield & Total Return
Measure	JEPQ	XYLD
Paid and earned
Measure	JEPQ	XYLD
Total return, 1 year	+14.2%	+15.8%
Price change, 1 year	rose 1.6%	rose 4.3%
Return of capital, issuer estimate		93% of the Sep 24, 2026 payment
Against its benchmark
Measure	JEPQ	XYLD
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Against its benchmark, same days	behind by 1.0 pts	ahead by 2.2 pts
Cost and size
Measure	JEPQ	XYLD
Expense ratio	0.35%	0.60%
Net assets, as of Oct 12, 2026	$44.6bn	$3.4bn
Holdings
Measure	JEPQ	XYLD
Holdings in common	49%

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

IQ Income Score72.3JEPQ77.7XYLD

How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company. 100 is best. How it is computed

JEPQ 72.3

XYLD 77.7

0.3, the lowest in this set 99.7, the highest

A percentile among the 164 income ETFs not writing on a single company. 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 →

Holdings in common uses holdings dated Jul 31, 2026 and Oct 28, 2026. Method

Risk and return

May 13, 2022 to Oct 23, 2026 · 232 weekly returns

JEPQ XYLD

Return

Total return edge JEPQ +98.5% +48.6%

Annualized edge JEPQ +16.6% +9.3%

Price return edge JEPQ +21.0% −9.4%

Risk

Volatility edge XYLD 15.6% 9.6%

Max drawdown edge XYLD −18.5% −14.0%

Downside capture 79.0% 70.9%

Beta 0.71 0.66

Risk-adjusted

Sharpe edge JEPQ 0.78 0.52

Sortino edge JEPQ 1.15 0.69

Treynor 0.173 0.103

Calmar edge JEPQ 0.90 0.66

Against the benchmark

Alpha −0.1% a year −1.5% a year

Alpha t-stat −0.05 −1.00

Information ratio −0.68 −0.75

Tracking error 7.7% 7.8%

Each against its own benchmark: JEPQ against QQQ, May 13, 2022 to Oct 23, 2026; XYLD against SPY, Jul 5, 2013 to Oct 23, 2026.

Reading

JEPQ returned more: +98.5% to +48.6%. XYLD swung less: 9.6% to 15.6%. XYLD fell less at its worst: −14.0% to −18.5%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: JEPQ vs XYLD: Dividend Yield & Total Return
Measure	JEPQ	XYLD	Edge	How it is measured
Return
Total return	+98.5%	+48.6%	JEPQ	Price change plus distributions, reinvested.
Annualized	+16.6%	+9.3%	JEPQ	Total return as a yearly rate.
Price return	+21.0%	−9.4%	JEPQ	Price change alone, distributions left out.
Risk
Volatility	15.6%	9.6%	XYLD	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	10.6%	7.2%	XYLD	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−18.5%	−14.0%	XYLD	Deepest fall from a high to the low after it.
Upside capture	56.8%	51.3%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	79.0%	70.9%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.71	0.66	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.92	0.78	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.78	0.52	JEPQ	Return above Treasury bills per unit of volatility.
Sortino	1.15	0.69	JEPQ	Return above Treasury bills per unit of downside deviation.
Treynor	0.173	0.103		Return above Treasury bills per unit of beta.
Calmar	0.90	0.66	JEPQ	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	QQQ	SPY		The ETF each fund is measured against.
Alpha	−0.1% a year	−1.5% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.05	−1.00	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−4.3% to +4.1%	−4.5% to +1.5%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.68	−0.75		Return against its benchmark per unit of tracking error.
Tracking error	7.7%	7.8%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 232 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

49%

By the books each fund has filed, JEPQ and XYLD hold 49% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 28, 2026.

50%

0 half 100%

half

49% in common

Positions both hold · largest shared weight first JEPQ XYLD

NVIDIA CORP COMMON STOCK 7.02% 7.64%

APPLE INC COMMON STOCK 6.66% 7.13%

MICROSOFT CORP COMMON 5.44% 5.42%

AMAZON.COM INC COMMON 3.85% 4.18%

ALPHABET INC-CL C 4.51% 2.65%

BROADCOM INC COMMON 1.97% 2.90%

META PLATFORMS INC COMMON 2.53% 1.92%

MICRON TECHNOLOGY INC 4.58% 1.46%

TESLA INC COMMON STOCK 2.31% 1.38%

ADVANCED MICRO DEVICES 3.77% 1.22%

WALMART INC COMMON STOCK 1.83% 0.77%

CISCO SYSTEMS INC COMMON 1.19% 0.72%

Only in one fund ↓

Only in JEPQ

SPACE EXPLORATION TECHNOLOGIES CORP 1.59%

Nasdaq-100 equity-linked note 11 1.14%

Nasdaq-100 equity-linked note 14 1.14%

Nasdaq-100 equity-linked note 10 1.13%

Nasdaq-100 equity-linked note 9 1.13%

Nasdaq-100 equity-linked note 12 1.12%

Nasdaq-100 equity-linked note 13 1.12%

Nasdaq-100 equity-linked note 17 1.11%

Only in XYLD

ALPHABET INC. 3.28%

JPMORGAN CHASE & CO. 1.48%

BERKSHIRE HATHAWAY INC. 1.47%

ELI LILLY AND COMPANY 1.43%

EXXONMOBIL HOLDINGS CORPORATION 1.01%

JOHNSON & JOHNSON 0.97%

VISA INC. 0.95%

BANK OF AMERICA CORPORATION 0.64%

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 XYLD Global X S&P 500 Covered Call ETF · Covered call on SPY, paying monthly

Issuer JPMorgan Global X

Strategy covered call covered call

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

Pays monthly monthly

Payout rate, annualized 11.3% 9.1%

Expense ratio 0.35% 0.60%

Cash paid, 1 year 11.6% 10.6%

Price change, 1 year +1.6% +4.3%

Total return, 1 year +14.2% +15.8%

Benchmark return, 1 year +15.2% +13.6%

Ahead or behind −1.0 pts +2.2 pts

Return of capital, latest estimate not published 93%

Age 4.5 years 13.3 years

Net assets, JEPQ as of Oct 28, 2026 and XYLD as of Oct 12, 2026 $44.2bn $3.4bn

As of Oct 28, 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 XYLD: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPQ	XYLD	JEPQ	XYLD	JEPQ	XYLD
3 months	+10.5%	+5.0%	3.5%	2.3%	+0.8 pts	−1.1 pts
6 months	+8.4%	+9.2%	6.3%	5.2%	−1.5 pts	+0.1 pts
1 year	+14.2%	+15.8%	11.6%	10.6%	−1.0 pts	+2.2 pts
3 years	+83.5%	+53.3%	39.9%	35.1%	−30.2 pts	−41.7 pts
Since launchNot the same days: JEPQ May 2022 · XYLD Jun 2013	+92.9%	+195.1%	50.3%	114.5%	−33.4 pts	−320.2 pts

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Client brief · page 1 of 2 Report BR-30EC1BF410

JEPQ and XYLD are built for the same job. How do they differ in cost, holdings and results?

What each is measured against. JEPQ is measured against Nasdaq-100 through QQQ and XYLD against S&P 500 through SPY.
Holdings in common. 49% of the weight is in the same securities (holdings dated Oct 28, 2026 and Jul 31, 2026).
Cost. JEPQ charges 0.35% of assets a year and XYLD 0.60%, a gap of 0.25 points.

Data as of Oct 28, 2026.

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About each fund

JEPQ

Over the year to Oct 28, 2026, JEPQ paid 11.6% of its starting value in cash distributions while its price rose 1.6%. With every distribution reinvested, the fund returned +14.2%. Nasdaq-100 (QQQ) returned +15.2% over the same days, so a holder was behind by 1.0 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 11.3%, paid monthly.

XYLD

Over the year to Oct 28, 2026, XYLD paid 10.6% of its starting value in cash distributions while its price rose 4.3%. With every distribution reinvested, the fund returned +15.8%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was ahead by 2.2 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 9.1%, paid monthly. Global X estimates that 93% of the distribution paid Sep 24, 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 XYLD?: Over the year to Oct 28, 2026, JEPQ paid 11.6% of its starting price in cash and XYLD paid 10.6%, 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 XYLD?: With every distribution reinvested, JEPQ returned +14.2% and XYLD +15.8% over the year to Oct 28, 2026.
Which is cheaper, JEPQ or XYLD?: JEPQ charges 0.35% a year and XYLD charges 0.60%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPQ vs FTHI JEPQ vs GPIX JEPQ vs BALI JEPQ vs DIVO XYLD vs QQQI XYLD vs QYLD XYLD vs QDTE XYLD vs QQQY

Where to next

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

Sources and dates

JEPQ filings on SEC EDGAR ↗

JEPQ prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

XYLD filings on SEC EDGAR ↗

XYLD prospectus with the expense ratio (SEC) ↗

XYLD 19a-1 distribution notice ↗

Global X page for XYLD ↗

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 XYLD, data as of Oct 28, 2026. https://etfiq.com/compare/income/jepq-vs-xyld

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