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JEPQ JPMorgan Nasdaq Equity Premium Income ETF

Covered call on QQQ, paying monthly

Over the year to Sep 11, 2026, JEPQ paid 12.0% in cash and still finished 4.1 points behind QQQ.

JPMorgan · Income ETFs · data as of

Key facts

12.0%Cash paid, 1 year, on its starting price
+18.9%Total return, 1 year
−4.1 ptsAgainst QQQ
13.7%Latest payout, annualized

Method

ETFIQ Return Stability Score

65.539th of 161

JEPQ paid 12.0% in cash and its price rose 6.0%, so the payout came out of returns rather than principal.

Was the payout funded by returns, or by your own capital?

Against its benchmark
MLPD −38.1 ptsMDST −30.2 ptsSLTY −29.1 ptsBLOX −27.8 ptsEIPI −27.8 ptsYQQQ −27.6 ptsULTY −23.3 ptsGDXY −22.0 ptsHIGH −20.8 ptsTOPW −18.6 ptsTDVI −18.3 ptsYMAX −18.1 ptsHISF −17.3 ptsACKY −17.2 ptsWEEI −16.9 ptsNDIV −16.6 ptsLQDW −16.2 ptsOARK −15.8 ptsFDND −15.5 ptsTCAL −15.0 ptsQRMI −14.8 ptsSDVD −14.8 ptsLFGY −14.5 ptsSLJY −14.5 ptsSCLZ −14.1 ptsYFYA −13.9 ptsQUSA −13.5 ptsHYGW −13.0 ptsJULH −13.0 ptsXLRI −13.0 ptsMAGY −12.9 ptsYYY −12.7 ptsXLKI −12.6 ptsJULJ −12.4 ptsLJUL −12.4 ptsJANJ −12.3 ptsLJAN −12.3 ptsFGSI −12.2 ptsLOCT −12.1 ptsRNTY −12.1 ptsAIPI −12.0 ptsIWMY −12.0 ptsOCTJ −11.9 ptsHIPS −11.7 ptsJUCY −11.6 ptsXLEI −11.6 ptsAPRJ −11.3 ptsLAPR −11.3 ptsXISE −11.3 ptsXIJN −11.1 ptsCVRD −11.0 ptsJANH −11.0 ptsAPRH −10.9 ptsXBTY −10.7 ptsXIDE −10.7 ptsOCTH −10.6 ptsJEPI −10.3 ptsXIMR −10.1 ptsSRHR −9.7 ptsXRMI −8.7 ptsVEGA −8.3 ptsBUYW −8.2 ptsIAUI −7.9 ptsBAGY −7.7 ptsXV −7.5 ptsKHPI −7.3 ptsYBTC −7.3 ptsFTHI −7.0 ptsYLDE −6.8 ptsIGLD −6.1 ptsQQQI −6.1 ptsRDVI −6.0 ptsSPIN −5.9 ptsFEPI −5.8 ptsIWMW −5.8 ptsTYLG −5.7 ptsBITY −5.6 ptsSPUT −5.4 ptsWTPI −5.2 ptsPAPI −4.7 ptsXLVI −4.7 ptsETCO −4.3 ptsCAIE −4.0 ptsFTKI −3.9 ptsGPTY −3.7 ptsIQQQ −3.7 ptsGIAX −3.4 ptsBIGY −3.3 ptsISPY −3.1 ptsRYLD −3.1 ptsWEEL −2.9 ptsYMAG −2.9 ptsRDTY −2.6 ptsXLBI −2.5 ptsNBOS −1.8 ptsRYLG −1.8 ptsSPYI −1.7 ptsFTQI −1.6 ptsKNG −1.6 ptsTSPY −1.6 ptsTHTA −1.5 ptsQQQY −1.3 ptsRDTE −1.3 ptsDIVO −1.2 ptsSIXH −1.2 ptsXYLD −1.2 ptsDFII −1.1 ptsGPIQ −1.1 ptsQDTY −1.1 ptsXYLG −1.1 ptsXDTE −0.9 ptsQDTE −0.7 ptsQYLD −0.7 ptsXLII −0.7 ptsXPAY −0.7 ptsEGGY −0.6 ptsJOYT −0.6 ptsSDTY −0.6 ptsWDTE −0.4 ptsBTCC −0.3 ptsQYLG −0.3 ptsGPIX 0.0 ptsDJIA +0.1 ptsDYLG +0.3 ptsIWMI +0.3 ptsKGLD +0.3 ptsXLFI +0.3 ptsIVVW +0.4 ptsLTTI +0.5 ptsLQTI +0.6 ptsPBP +0.6 ptsHYTI +0.9 ptsTDAQ +0.9 ptsCSHI +1.3 ptsBALI +1.4 ptsYETH +1.5 ptsHYBL +1.6 ptsXLUI +1.6 ptsCHPY +1.9 ptsBTCI +2.1 ptsSOXY +2.3 ptsITWO +2.5 ptsDOGG +2.7 ptsCEPI +2.9 ptsXLYI +2.9 ptsYBIT +2.9 ptsTLTP +3.4 ptsDUBS +4.0 ptsSEPI +4.7 ptsXLCI +5.2 ptsIDVO +5.4 ptsTLTW +5.4 ptsBCCC +6.3 ptsOMAH +6.5 ptsIDUB +6.9 ptsXLSI +8.8 ptsUSOY +10.5 ptsBUCK +10.9 ptsKLIP +20.9 ptsNVYY +24.6 ptsJEPQ −4.1 ptsJEPQ −4.1 pts−38.1 pts+24.6 pts

51.2% of the 161 sit at or below JEPQ on this measure.

What happened to the principal
ETCO −75.0%XBTY −74.7%YETH −67.4%YBTC −61.4%BTCC −59.9%YBIT −58.9%BAGY −58.0%SLTY −54.4%ULTY −53.3%NVYY −52.4%BITY −51.9%BCCC −49.4%BTCI −46.9%DFII −44.8%LFGY −43.0%YMAX −41.0%BLOX −38.8%TOPW −36.6%OARK −33.3%KLIP −32.8%GDXY −32.5%YMAG −27.1%YQQQ −26.3%MAGY −25.8%IWMY −23.1%CEPI −21.0%RDTY −19.9%RDTE −19.4%QDTE −18.5%EGGY −15.1%TLTP −14.5%XLYI −14.1%LTTI −13.8%ACKY −13.7%WDTE −13.7%QQQY −13.0%QDTY −12.8%XDTE −12.8%AIPI −12.2%QUSA −11.8%LQTI −10.4%TLTW −10.3%SDTY −9.9%GIAX −9.8%XLUI −9.5%HIGH −9.3%LQDW −9.3%TCAL −9.0%FEPI −8.5%XV −8.4%IGLD −8.1%XLRI −8.0%XLCI −7.9%FDND −7.6%YYY −7.5%XLSI −7.3%RNTY −6.5%HYTI −6.3%GPTY −6.0%OMAH −6.0%XLBI −5.7%HYGW −5.6%IWMW −5.3%HIPS −5.2%XPAY −4.9%HISF −4.7%QRMI −4.2%USOY −4.0%XLFI −3.8%FGSI −3.2%BUCK −2.5%HYBL −2.5%JUCY −2.3%XRMI −2.3%MLPD −1.7%CAIE −1.6%IAUI −1.6%YFYA −1.6%IVVW −1.4%CVRD −1.3%JEPI −1.1%KNG −0.9%XIJN −0.7%JULJ −0.6%WTPI −0.5%CSHI −0.4%JULH −0.3%LJUL −0.2%XISE 0.0%JANH +0.1%JANJ +0.1%LAPR +0.1%LOCT +0.1%LJAN +0.2%OCTJ +0.2%XLII +0.2%APRJ +0.3%OCTH +0.3%XIDE +0.3%XIMR +0.4%APRH +0.5%TSPY +0.6%KHPI +0.7%BIGY +0.8%WEEL +0.9%SRHR +1.0%FTHI +1.1%QQQI +1.5%XLVI +2.1%SPYI +2.6%QYLG +2.8%YLDE +2.8%BUYW +2.9%SDVD +3.0%XYLG +3.4%KGLD +3.8%THTA +3.9%DJIA +4.2%FTKI +4.3%SCLZ +4.4%PAPI +4.5%RYLD +4.7%XLKI +5.0%PBP +5.1%IWMI +5.3%DYLG +5.4%TDAQ +5.9%XYLD +5.9%SPIN +6.1%NBOS +6.5%SPUT +6.5%RYLG +7.1%GPIX +7.9%FTQI +8.0%DOGG +8.2%ISPY +8.4%QYLD +8.4%DIVO +8.9%MDST +9.3%VEGA +9.4%BALI +9.5%GPIQ +9.8%SLJY +11.0%RDVI +11.7%TDVI +11.7%IQQQ +12.3%SEPI +13.8%XLEI +13.8%SIXH +14.1%ITWO +14.3%EIPI +14.6%JOYT +16.1%IDVO +16.4%DUBS +18.9%WEEI +18.9%IDUB +19.0%TYLG +21.2%NDIV +22.9%CHPY +24.9%SOXY +68.6%JEPQ +6.0%JEPQ +6.0%−75.0%+68.6%

79.8% of the 161 sit at or below JEPQ on this measure.

Weighted evenly, those two positions are what the score combines, across the 161 income ETFs writing on an index or proxy. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark−4.1 pts51.250%
what happened to the principal+6.0%79.850%

All income ETFs ranked by this score · How it is computed

2nd of 354 income ETFs by net assets

What a holder got

JEPQ against QQQJEPQ returned +18.9% with distributions reinvested against +23.0% for Nasdaq-100 (QQQ), a gap of −4.1 pts. Of that, 12.0% arrived as cash rather than price.+18.9%JEPQ total return+23.0%Nasdaq-100 (QQQ)12.0% of it arrived as cash

Over the year to Sep 11, 2026, JEPQ returned +18.9% with distributions reinvested and Nasdaq-100 (QQQ) returned +23.0%, so a holder came out behind it by 4.1 points. The lighter segment is the 12.0% that arrived as cash rather than as price.

Its ten largest equity positions

JEPQ top ten by weight, 42.2% of its 109 equity positions, from the holdings filed for Jun 30, 2026. The options the fund writes are not positions of this kind and are not listed. Source: the fund’s SEC filing.
HoldingWeight
NVIDIA Corp.6.68%
Apple, Inc.5.83%
Micron Technology, Inc.5.58%
Alphabet, Inc.5.05%
Microsoft Corp.3.90%
Advanced Micro Devices, Inc.3.87%
Amazon.com, Inc.3.67%
Lam Research Corp.2.89%
Tesla, Inc.2.39%
Meta Platforms, Inc.2.38%

Method

Period by period

JEPQ over each window to Sep 11, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnQQQAhead or behind
3 months3.4%−0.1%+3.3%−0.8%+4.1 pts
6 months6.6%+5.7%+12.6%+20.7%−8.1 pts
1 year12.0%+6.0%+18.9%+23.0%−4.1 pts
3 years37.1%+23.8%+71.5%+95.1%−23.6 pts
Since launch49.2%+17.0%+90.2%+122.7%−32.5 pts

Method

When JEPQ pays

JEPQ pays monthly. The last distribution was $0.6825 a share, which went ex on Sep 1, 2026 and was paid on Sep 3, 2026. The next has not been declared. On its own cadence of about 30 days the ex-date falls near Oct 1, 2026; that date is an ETFIQ projection, not the issuer’s.

Expected distributions for JEPQ. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Oct 1, 2026Oct 5, 2026$0.6825ETFIQ projection from the fund’s own cadence
Every distribution ETFIQ holds for JEPQ (13, most recent first)
Cash distributions per share for JEPQ. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Sep 1, 2026$0.6825
Aug 3, 2026$0.705
Jul 1, 2026$0.6366
Jun 1, 2026$0.5644
May 1, 2026$0.5909
Apr 1, 2026$0.5586
Mar 2, 2026$0.509
Feb 2, 2026$0.4657
Dec 31, 2025$0.5761
Dec 1, 2025$0.5532
Nov 3, 2025$0.4755
Oct 1, 2025$0.4461
Sep 2, 2025$0.442

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on May 4, 2022, JEPQ has returned +90.2% with distributions reinvested, against +122.7% for Nasdaq-100 (QQQ), and has paid out 49.2% of its starting value in cash along the way. It pays monthly, and at its current price the latest distribution annualizes to 13.7%. No Rule 19a-1 notice has been published for this fund, so there is no issuer estimate of how much of its distributions was a return of capital.

JEPQ (JPMorgan Nasdaq Equity Premium Income ETF), income ETFs fields as of Sep 11, 2026. Source: ETFIQ.
Strategycovered call
BenchmarkNasdaq-100 (QQQ)
Paysmonthly
Net assets (issuer page, as of Sep 11, 2026)$42.5bn
Latest payout, annualized (ETFIQ)13.7%
Expense ratio (485BPOS XBRL, Oct 22, 2025)0.35%
Cash paid, last 12 months, over today’s price (ETFIQ)11.3%
LaunchedMay 4, 2022
Paysmonthly
Typical gap between ex-dates30 days
Typical wait from ex-date to payment3 days
Last paid, per share$0.6825 ex Sep 1, 2026
Sum of the last 12 distributions$6.7638

Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed

Questions people ask

How much has JEPQ paid over the last year?
Over the year to Sep 11, 2026, JEPQ paid 12.0% of its starting price in cash distributions, while the price rose 6.0%.
Is JEPQ ahead of QQQ?
Over the year to Sep 11, 2026, with every distribution reinvested, JEPQ returned +18.9% against +23.0% for Nasdaq-100 (QQQ), so a holder was behind it by 4.1 points.
How often does JEPQ pay, and how much?
JEPQ pays monthly. The latest distribution annualizes to 13.7% at its price on Sep 11, 2026, which is not a promise; the next one can differ.
When does JEPQ next pay a distribution?
JEPQ pays monthly. The last distribution went ex on Sep 1, 2026 at $0.6825 a share. The next is not declared; on a cadence of about 30 days the ex-date falls near Oct 1, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 3 days.
What does JEPQ cost?
The prospectus expense ratio is 0.35% a year.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

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.

Compare JEPQ

Also against XYLD, RYLD, DIVO, GPIX, GPIQ, TSLY, NVDY, MSTY, CONY, ULTY, YMAX, FEPI, XDTE, QDTE, AIPI, BALI, ISPY, AMZY, APLY, GOOY, MSFO, OARK, SDTY, IVV, QQQ, SCHD, SPY, VOO, VTI, VYM.

Funds near this one

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JEPQ payout bar, ETFIQ

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Where JEPQ is written about

JEPQ, Income ETFs, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
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Open JEPQ live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, JEPQ, income ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/jepq Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources