Which is cheaper, ROCQ or SEPI?

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

Data as of Nov 4, 2026.

Income ETFs

ROCQ vs SEPI: Dividend Yield & Total Return

ROCQ and SEPI both write options for income.

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Net assets: $770m on Nov 3, 2026 for JPMorgan Nasdaq Equity Premium Yield ETF, and $152m on Jun 30, 2026 for Shelton Equity Premium Income ETF.

ROCQ on its own →SEPI on its own →

At a glance

7.8%

ROCQ cash paid, since launch, Mar 19, 2026

8.9%

SEPI cash paid, 1 year

+11.9%

ROCQ total return, since launch, Mar 19, 2026

+17.9%

SEPI total return, 1 year

ROCQ · since launch to Nov 4, 2026 5.2 pts behind QQQ

ROCQ

+11.9%

QQQ

+17.1%

5.2 pts behind QQQ

ROCQ since launch: paid 7.8%, price +4.3%, total +11.9%, QQQ +17.1%, −5.2 pts. Data to Nov 4, 2026.

QQQ

+17.1%

ROCQ

+11.9%

7.8% of it arrived as cash

5.2 pts behind QQQ

Total return, distributions reinvested

5.2 pts behind QQQ

ROCQ since launch: paid 7.8%, price +4.3%, total +11.9%, QQQ +17.1%, −5.2 pts. Data to Nov 4, 2026.

QQQ

+17.1%

ROCQ

+11.9%

5.2 pts behind QQQ

7.8% of it arrived as cash. Total return, distributions reinvested. ROCQ since launch: paid 7.8%, price +4.3%, total +11.9%, QQQ +17.1%, −5.2 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, 0 to +17.9%. SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +17.9%. Data to Nov 4, 2026.

Pair scorecard

ROCQ costs 0.19 points a year less.

Points (pts) are percentage points.

ROCQ vs SEPI: Dividend Yield & Total Return
Measure	ROCQ	SEPI
Paid and earned
Measure	ROCQ	SEPI
Total return, 1 year	not published	+17.9%
Price change	rose 4.3% (since Mar 19, 2026)	rose 8.3% (1 year)
Against its benchmark
Measure	ROCQ	SEPI
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	ROCQ	SEPI
Expense ratio	0.35%	0.54%
Net assets, ROCQ as of Nov 3, 2026 and SEPI as of Jun 30, 2026	$770m	$152m
Holdings
Measure	ROCQ	SEPI
Holdings in common	43%

Method

What they share

43%

By the books each fund has filed, ROCQ and SEPI hold 43% 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

43% in common

Positions both hold · largest shared weight first ROCQ SEPI

APPLE INC COMMON STOCK 8.27% 5.45%

MICRON TECHNOLOGY INC 5.12% 6.79%

ALPHABET INC-CL C 5.12% 4.86%

NVIDIA CORP COMMON STOCK 8.94% 4.20%

ADVANCED MICRO DEVICES 4.10% 7.84%

MICROSOFT CORP COMMON 7.25% 3.55%

AMAZON.COM INC COMMON 4.95% 3.50%

META PLATFORMS INC COMMON 3.36% 2.90%

BROADCOM INC COMMON 2.71% 3.20%

WALMART INC COMMON STOCK 4.05% 1.76%

NETFLIX INC COMMON STOCK 1.40% 1.26%

JOHNSON & JOHNSON COMMON 1.00% 3.44%

Only in one fund ↓

Only in ROCQ

TESLA INC COMMON STOCK 2.99%

ANALOG DEVICES INC 2.38%

LAM RESEARCH CORP COMMON 2.35%

SPACE EXPLORATION TECHNOLOGIES CORP 2.02%

PALO ALTO NETWORKS INC 1.75%

SEAGATE TECHNOLOGY 1.75%

INTEL CORP COMMON STOCK 1.61%

PALANTIR TECHNOLOGIES INC 1.49%

Only in SEPI

CATERPILLAR INC 7.49%

GOLDMAN SACHS GROUP INC (THE) 4.07%

MERCK & COMPANY INC 2.78%

EBAY INC 2.57%

DUKE ENERGY CORP 2.17%

GENERAL MOTORS COMPANY 2.03%

CARDINAL HEALTH INC 1.98%

BERKSHIRE HATHAWAY INC 1.94%

Check overlap with more funds →

Side by side

ROCQ JPMorgan Nasdaq Equity Premium Yield ETF · Covered call on QQQ, 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 11.6% 8.5%

Expense ratio 0.35% 0.54%

Cash paid, 1 year 7.8% (since launch, Mar 19, 2026) 8.9%

Price change, 1 year +4.3% (since launch, Mar 19, 2026) +8.3%

Total return, 1 year +11.9% (since launch, Mar 19, 2026) +17.9%

Benchmark return, 1 year +17.1% (since launch, Mar 19, 2026) +14.8%

Ahead or behind −5.2 pts (since launch, Mar 19, 2026) +3.1 pts

Return of capital, latest estimate not published 99%

Age 230 days 1.2 years

Net assets, ROCQ as of Nov 3, 2026 and SEPI as of Jun 30, 2026 $770m $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: ROCQ vs SEPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	ROCQ	SEPI	ROCQ	SEPI	ROCQ	SEPI
3 months	−3.5%	−0.1%	2.7%	2.1%	−0.1 pts	0.0 pts
6 months	−1.2%	+6.8%	5.8%	4.4%	−0.8 pts	+1.8 pts
1 year	–	+17.9%	–	8.9%	–	+3.1 pts
Since launchNot the same days: ROCQ Mar 2026 · SEPI Sep 2025	+11.9%	+23.5%	7.8%	10.0%	−5.2 pts	+3.7 pts

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Alert

About each fund

ROCQ

Over the period from its first trade on Mar 19, 2026 to Nov 4, 2026, ROCQ paid 7.8% of its starting value in cash distributions while its price rose 4.3%. With every distribution reinvested, the fund returned +11.9%. Nasdaq-100 (QQQ) returned +17.1% over the same days, so a holder was behind by 5.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.6%, 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 is cheaper, ROCQ or SEPI?: ROCQ charges 0.35% a year and SEPI charges 0.54%, so ROCQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

ROCQ vs IVVW ROCQ vs DUBS ROCQ vs FTHI ROCQ vs GPIX SEPI vs QDTY SEPI vs KIQQ SEPI vs QDTE SEPI vs FTQI

Where to next

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

Sources and dates

ROCQ filings on SEC EDGAR ↗

ROCQ 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

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

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