JEPI vs JEPQ: which ETF is better?
JPMorgan Equity Premium Income ETF (JEPI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) compared on fees, holdings overlap, dividend yield, returns and risk, using the latest data.
- JEPI and JEPQ have moderate overlap: 28% of each fund by weight sits in the same holdings.
- Both charge the same expense ratio, 0.35% a year.
- Over the last 3 years, JEPQ returned an average of 16.4% a year against 10.0% for JEPI, with dividends reinvested.
- JEPQ pays more income, yielding 12.79% over the last 12 months against 8.09% for JEPI.
- Overlap by weight
- 27.5%
- Shared holdings
- 44
| JEPI | JEPQ | |
|---|---|---|
| Name | JPMorgan Equity Premium Income ETF | JPMorgan Nasdaq Equity Premium Income ETF |
| Issuer | J.P. Morgan | J.P. Morgan |
| Listed on | NYSE Arca · USD | Nasdaq · USD |
| Expense ratio | 0.35% | 0.35% |
| Assets (AUM) | $45.2B | $40.7B |
| Launched | May 20, 2020 | May 3, 2022 |
| Holdings | 116 | 94 |
| Dividend yield (12m) | 8.09% · monthly | 12.79% · monthly |
| Asset class | US Equity | US Equity |
| Annualised return | JEPI | JEPQ |
|---|---|---|
| 1 year | +8.6% | +5.8% |
| 3 years | +10.0% | +16.4% |
| 5 years | +7.2% | — |
| 10 years | — | — |
| Volatility | 10.1% | 16.1% |
| Max drawdown | -13.7% | -20.1% |
Volatility is the annualised standard deviation of daily returns over 3 years. Max drawdown is the largest fall from a peak over the last 10 years, or since launch.
| Holding | JEPI | JEPQ |
|---|---|---|
| MSFTMICROSOFT CORP COMMON | 2.00% | 5.98% |
| AAPLAPPLE INC COMMON STOCK | 1.96% | 7.29% |
| AMZNAMAZON.COM INC COMMON | 1.91% | 4.31% |
| NVDANVIDIA CORP COMMON STOCK | 1.73% | 6.69% |
| METAMETA PLATFORMS INC COMMON | 1.66% | 2.78% |
| AVGOBROADCOM INC COMMON | 1.65% | 1.81% |
| COSTCOSTCO WHOLESALE CORP | 1.81% | 1.40% |
| LRCXLAM RESEARCH CORP COMMON | 1.16% | 1.43% |
| WMTWALMART INC COMMON STOCK | 0.85% | 2.13% |
| AMDADVANCED MICRO DEVICES | 0.84% | 3.22% |
Pull each fund's details, full price history and holdings into Google Sheets or Excel, so your comparison updates itself.
=SF("JEPI","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("JEPI","2022-05-01",TODAY(),"dailyAdj")=SF("JEPQ","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("JEPQ","2022-05-01",TODAY(),"dailyAdj")Prices to Nov 6, 2026; holdings last checked Nov 8, 2026. Returns are in each fund's trading currency (USD). Past performance doesn't predict future returns. For information only, not investment advice.
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JEPI vs JEPQ: frequently asked questions
How much do JEPI and JEPQ overlap?
27.5% by weight. They share 44 holdings, and that share of each fund is invested in exactly the same positions. They cover quite different parts of the market.
Is JEPI or JEPQ cheaper?
They cost the same: both have an expense ratio of 0.35% a year.
Which has performed better, JEPI or JEPQ?
Over the last 3 years, JEPQ has. JEPI returned 10.0% and JEPQ 16.4% a year on average, including reinvested dividends, as of Nov 6, 2026. Past returns don't predict future ones.
Which pays a higher dividend, JEPI or JEPQ?
JEPQ does. Over the last 12 months JEPI yielded 8.09%, paid monthly, and JEPQ 12.79%, paid monthly.
Should I hold both JEPI and JEPQ?
They overlap by 28%, so holding both does spread your money more widely than either alone. Whether that suits you depends on the mix you want. This is general information, not advice.
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