JEPQ vs QYLD: Head-to-Head Comparison
JEPQ vs QYLD: JPMorgan Nasdaq Equity Premium Income ETF has an expense ratio of 0.35% while Global X NASDAQ 100 Covered Call ETF charges 0.60%. JEPQ holds 85 securities vs QYLD's 103. 5-year returns: 0.00% vs 5.00%.
Last updated: April 2026
Income
Quick Verdict
QYLD edges out JEPQ with a stronger Beginner Suitability Score (9.5 vs 8). It offers better overall characteristics for new investors.
Side-by-Side Comparison
| Metric | JEPQ | QYLD |
|---|---|---|
| Expense Ratio | 0.35% | 0.60% |
| AUM | $18.0B | $8.0B |
| Dividend Yield | 9.00% | 11.00% |
| Holdings | 85 | 103 |
| 1-Year Return | 18.00% | 9.00% |
| 5-Year Return (Ann.) | 0.00% | 5.00% |
| 10-Year Return (Ann.) | 0.00% | 6.00% |
| Beta | 0.65 | 0.55 |
| P/E Ratio | 30.0 | 24.5 |
JEPQ 5-year annualized return is 0.00% compared to QYLD's 5.00%. Over 10 years, JEPQ returned 0.00% vs QYLD's 6.00%.
View data table
| Period | JEPQ Return | QYLD Return |
|---|---|---|
| YTD | 2.50% | 1.00% |
| 1 Year | 18.00% | 9.00% |
| 3 Year | 10.00% | 3.00% |
| 5 Year | 0.00% | 5.00% |
| 10 Year | 0.00% | 6.00% |
Key Differences Between JEPQ and QYLD
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.
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 (85 vs 103), and 5-year returns (0.00% vs 5.00%).
JEPQ vs QYLD multi-factor comparison: JEPQ has a 0.35% expense ratio, 0.00% 5-year return, 85 holdings, 0.65 beta, and 9.00% 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 | JEPQ | QYLD |
|---|---|---|
| Expense Ratio | 0.35% | 0.60% |
| 5-Year Return | 0.00% | 5.00% |
| Holdings | 85 | 103 |
| Beta | 0.65 | 0.55 |
| Dividend Yield | 9.00% | 11.00% |
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Holdings Overlap Analysis
82%
Holdings Overlap
JEPQ and QYLD share 82% of their top holdings. This means they are very similar funds — owning both would result in significant duplication in your portfolio. For most beginners, choosing one is sufficient.
JEPQ and QYLD share 82% of their top holdings (high overlap). JEPQ has 85 total holdings and QYLD has 103. Common holdings include AAPL, MSFT, NVDA.
View data table
| Metric | JEPQ | QYLD |
|---|---|---|
| Overlap | 82% | 82% |
| Unique Holdings | 18% | 18% |
| Total Holdings | 85 | 103 |
Cost Comparison Over Time
If you invest $10,000 and hold for 20 years (assuming 8% annual returns):
JEPQ
Fee cost: $2,930
QYLD
Fee cost: $4,914
Over 20 years, the fee difference amounts to $1,984 on a $10,000 investment. JEPQ saves you more in fees over time.
On a $10,000 investment over 20 years at 8% return, JEPQ (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 | JEPQ 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 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%.
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 JEPQ and QYLD?
With 82% holdings overlap, owning both means you're essentially doubling down on the same stocks. For beginners, we recommend picking one to keep things simple. If you want more diversification, consider pairing your choice with an international ETF like VXUS or a bond ETF like BND instead.
Frequently Asked Questions
Should I buy JEPQ or QYLD?▾
QYLD edges out JEPQ with a stronger Beginner Suitability Score (9.5 vs 8). It offers better overall characteristics for new investors. However, both are solid options. JEPQ is best for investors who want income seekers who love technology stocks but need current cash flow, while QYLD is better suited for income-focused investors who prioritize monthly cash flow over growth.
What is the difference between JEPQ and QYLD?▾
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) tracks covered call investments with 85 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 82%.
Can I own both JEPQ and QYLD?▾
Since JEPQ and QYLD have 82% holdings overlap, owning both means significant duplication. Most beginners are better off choosing one.