JEPI vs JEPQ: Head-to-Head Comparison
JEPI vs JEPQ: JPMorgan Equity Premium Income ETF has an expense ratio of 0.35% while JPMorgan Nasdaq Equity Premium Income ETF charges 0.35%. JEPI holds 130 securities vs JEPQ's 85. 5-year returns: 8.00% vs 0.00%.
Last updated: April 2026
Dividend
Quick Verdict
JEPI edges out JEPQ with a stronger Beginner Suitability Score (9 vs 8). It offers better overall characteristics for new investors.
Side-by-Side Comparison
| Metric | JEPI | JEPQ |
|---|---|---|
| Expense Ratio | 0.35% | 0.35% |
| AUM | $35.0B | $18.0B |
| Dividend Yield | 7.50% | 9.00% |
| Holdings | 130 | 85 |
| 1-Year Return | 10.00% | 18.00% |
| 5-Year Return (Ann.) | 8.00% | 0.00% |
| 10-Year Return (Ann.) | 0.00% | 0.00% |
| Beta | 0.55 | 0.65 |
| P/E Ratio | 18.0 | 30.0 |
JEPI 5-year annualized return is 8.00% compared to JEPQ's 0.00%. Over 10 years, JEPI returned 0.00% vs JEPQ's 0.00%.
View data table
| Period | JEPI Return | JEPQ Return |
|---|---|---|
| YTD | 2.00% | 2.50% |
| 1 Year | 10.00% | 18.00% |
| 3 Year | 7.00% | 10.00% |
| 5 Year | 8.00% | 0.00% |
| 10 Year | 0.00% | 0.00% |
Key Differences Between JEPI and JEPQ
JEPI (JPMorgan Equity Premium Income ETF) is a covered call fund managed by JPMorgan. JEPI uses a unique strategy combining a portfolio of low-volatility S&P 500 stocks with equity-linked notes that generate income from selling call options on the S&P 500 index. This approach aims to deliver monthly income that far exceeds traditional dividend funds while reducing overall portfolio volatility. It has quickly become one of the most popular income ETFs due to its consistent high monthly distributions.
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) is a covered call fund managed by JPMorgan. JEPQ applies JPMorgan's equity premium income strategy to Nasdaq-100 stocks, combining a portfolio of high-quality tech-heavy companies with options overlay to generate substantial monthly income. It offers a way to own growth-oriented technology stocks while earning income that these companies typically do not pay as dividends. The fund bridges the gap between growth investing and income generation.
The most notable differences are in fees (0.35% vs 0.35%), number of holdings (130 vs 85), and 5-year returns (8.00% vs 0.00%).
JEPI vs JEPQ multi-factor comparison: JEPI has a 0.35% expense ratio, 8.00% 5-year return, 130 holdings, 0.55 beta, and 7.50% yield. JEPQ has 0.35% expense ratio, 0.00% 5-year return, 85 holdings, 0.65 beta, and 9.00% yield.
View data table
| Metric | JEPI | JEPQ |
|---|---|---|
| Expense Ratio | 0.35% | 0.35% |
| 5-Year Return | 8.00% | 0.00% |
| Holdings | 130 | 85 |
| Beta | 0.55 | 0.65 |
| Dividend Yield | 7.50% | 9.00% |
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Holdings Overlap Analysis
18%
Holdings Overlap
JEPI and JEPQ share only 18% of their top holdings. These funds are quite different, making them complementary choices if you want broader market coverage.
JEPI and JEPQ share 18% of their top holdings (low overlap). JEPI has 130 total holdings and JEPQ has 85. Common holdings include AMZN, MSFT, META.
View data table
| Metric | JEPI | JEPQ |
|---|---|---|
| Overlap | 18% | 18% |
| Unique Holdings | 82% | 82% |
| Total Holdings | 130 | 85 |
Cost Comparison Over Time
If you invest $10,000 and hold for 20 years (assuming 8% annual returns):
JEPI
Fee cost: $2,930
JEPQ
Fee cost: $2,930
Over 20 years, the fee difference amounts to $0 on a $10,000 investment. The cost difference is negligible — choose based on other factors.
On a $10,000 investment over 20 years at 8% return, JEPI (0.35% fee) grows to $43,680 while JEPQ (0.35% fee) grows to $43,680. The fee difference costs $0.
View data table
| Year | JEPI Value | JEPQ Value |
|---|---|---|
| 0 | $10,000 | $10,000 |
| 5 | $14,457 | $14,457 |
| 10 | $20,900 | $20,900 |
| 15 | $30,214 | $30,214 |
| 20 | $43,680 | $43,680 |
Which One Should a Beginner Choose?
Choose JEPI if: You want retirees and income seekers who need high monthly cash distributions, investors who want equity exposure with reduced volatility and enhanced income, those willing to trade some upside potential for more consistent monthly payments. It's managed by JPMorgan with an expense ratio of 0.35%.
Choose JEPQ if: You want income seekers who love technology stocks but need current cash flow, investors wanting to dampen nasdaq volatility while earning premium income, portfolio income diversification beyond traditional dividend and bond strategies. It's managed by JPMorgan with an expense ratio of 0.35%.
Can You Own Both JEPI and JEPQ?
Absolutely! With only 18% overlap, JEPI and JEPQ complement each other well. A simple portfolio might allocate 60% to one and 40% to the other, or you could pair them with a bond ETF like BND for a complete three-fund portfolio.
Frequently Asked Questions
Should I buy JEPI or JEPQ?▾
JEPI edges out JEPQ with a stronger Beginner Suitability Score (9 vs 8). It offers better overall characteristics for new investors. However, both are solid options. JEPI is best for investors who want retirees and income seekers who need high monthly cash distributions, while JEPQ is better suited for income seekers who love technology stocks but need current cash flow.
What is the difference between JEPI and JEPQ?▾
JEPI (JPMorgan Equity Premium Income ETF) tracks covered call investments with 130 holdings and a 0.35% expense ratio. JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) focuses on covered call with 85 holdings at 0.35%. Their top holdings overlap by 18%.
Can I own both JEPI and JEPQ?▾
Yes! With only 18% holdings overlap, JEPI and JEPQ complement each other well. Owning both gives you broader diversification.