JEPI vs QYLD: Head-to-Head Comparison
JEPI vs QYLD: JPMorgan Equity Premium Income ETF has an expense ratio of 0.35% while Global X NASDAQ 100 Covered Call ETF charges 0.60%. JEPI holds 130 securities vs QYLD's 103. 5-year returns: 8.00% vs 5.00%.
Last updated: April 2026
Income
Quick Verdict
QYLD edges out JEPI with a stronger Beginner Suitability Score (9.5 vs 9). It offers better overall characteristics for new investors.
Side-by-Side Comparison
| Metric | JEPI | QYLD |
|---|---|---|
| Expense Ratio | 0.35% | 0.60% |
| AUM | $35.0B | $8.0B |
| Dividend Yield | 7.50% | 11.00% |
| Holdings | 130 | 103 |
| 1-Year Return | 10.00% | 9.00% |
| 5-Year Return (Ann.) | 8.00% | 5.00% |
| 10-Year Return (Ann.) | 0.00% | 6.00% |
| Beta | 0.55 | 0.55 |
| P/E Ratio | 18.0 | 24.5 |
JEPI 5-year annualized return is 8.00% compared to QYLD's 5.00%. Over 10 years, JEPI returned 0.00% vs QYLD's 6.00%.
View data table
| Period | JEPI Return | QYLD Return |
|---|---|---|
| YTD | 2.00% | 1.00% |
| 1 Year | 10.00% | 9.00% |
| 3 Year | 7.00% | 3.00% |
| 5 Year | 8.00% | 5.00% |
| 10 Year | 0.00% | 6.00% |
Key Differences Between JEPI and QYLD
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.
QYLD (Global X NASDAQ 100 Covered Call ETF) is a covered call/income fund managed by Global X. QYLD uses a covered call strategy on the Nasdaq 100 index, writing monthly call options to generate consistent income. It sacrifices upside potential for high monthly distributions. This ETF is popular among income-focused investors but beginners should understand that total returns will lag the Nasdaq in strong bull markets.
The most notable differences are in fees (0.35% vs 0.60%), number of holdings (130 vs 103), and 5-year returns (8.00% vs 5.00%).
JEPI vs QYLD multi-factor comparison: JEPI has a 0.35% expense ratio, 8.00% 5-year return, 130 holdings, 0.55 beta, and 7.50% yield. QYLD has 0.60% expense ratio, 5.00% 5-year return, 103 holdings, 0.55 beta, and 11.00% yield.
View data table
| Metric | JEPI | QYLD |
|---|---|---|
| Expense Ratio | 0.35% | 0.60% |
| 5-Year Return | 8.00% | 5.00% |
| Holdings | 130 | 103 |
| Beta | 0.55 | 0.55 |
| Dividend Yield | 7.50% | 11.00% |
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Holdings Overlap Analysis
18%
Holdings Overlap
JEPI and QYLD share only 18% of their top holdings. These funds are quite different, making them complementary choices if you want broader market coverage.
JEPI and QYLD share 18% of their top holdings (low overlap). JEPI has 130 total holdings and QYLD has 103. Common holdings include AMZN, MSFT, META.
View data table
| Metric | JEPI | QYLD |
|---|---|---|
| Overlap | 18% | 18% |
| Unique Holdings | 82% | 82% |
| Total Holdings | 130 | 103 |
Cost Comparison Over Time
If you invest $10,000 and hold for 20 years (assuming 8% annual returns):
JEPI
Fee cost: $2,930
QYLD
Fee cost: $4,914
Over 20 years, the fee difference amounts to $1,984 on a $10,000 investment. JEPI saves you more in fees over time.
On a $10,000 investment over 20 years at 8% return, JEPI (0.35% fee) grows to $43,680 while QYLD (0.60% fee) grows to $41,695. The fee difference costs $1,985.
View data table
| Year | JEPI Value | QYLD Value |
|---|---|---|
| 0 | $10,000 | $10,000 |
| 5 | $14,457 | $14,290 |
| 10 | $20,900 | $20,419 |
| 15 | $30,214 | $29,179 |
| 20 | $43,680 | $41,695 |
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 QYLD if: You want income-focused investors who prioritize monthly cash flow over growth, retirees seeking high-yield alternatives to bonds, investors looking to reduce portfolio volatility while earning income. It's managed by Global X with an expense ratio of 0.60%.
Can You Own Both JEPI and QYLD?
Absolutely! With only 18% overlap, JEPI and QYLD 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 QYLD?▾
QYLD edges out JEPI with a stronger Beginner Suitability Score (9.5 vs 9). 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 QYLD is better suited for income-focused investors who prioritize monthly cash flow over growth.
What is the difference between JEPI and QYLD?▾
JEPI (JPMorgan Equity Premium Income ETF) tracks covered call investments with 130 holdings and a 0.35% expense ratio. QYLD (Global X NASDAQ 100 Covered Call ETF) focuses on covered call/income with 103 holdings at 0.60%. Their top holdings overlap by 18%.
Can I own both JEPI and QYLD?▾
Yes! With only 18% holdings overlap, JEPI and QYLD complement each other well. Owning both gives you broader diversification.