JEPQ vs QQQ: which ETF is better?
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Invesco QQQ Trust, Series 1 (QQQ) compared on fees, holdings overlap, dividend yield, returns and risk, using the latest data.
- JEPQ and QQQ have very high overlap: 72% of each fund by weight sits in the same holdings.
- QQQ is cheaper at 0.18% a year against 0.35% for JEPQ, about $17 less in fees per $10,000 invested each year.
- Over the last 3 years, QQQ returned an average of 21.8% a year against 16.4% for JEPQ, with dividends reinvested.
- JEPQ pays more income, yielding 12.79% over the last 12 months against 0.47% for QQQ.
- Overlap by weight
- 72.4%
- Shared holdings
- 75
| JEPQ | QQQ | |
|---|---|---|
| Name | JPMorgan Nasdaq Equity Premium Income ETF | Invesco QQQ Trust, Series 1 |
| Issuer | J.P. Morgan | Invesco |
| Listed on | Nasdaq · USD | Nasdaq · USD |
| Expense ratio | 0.35% | 0.18% |
| Assets (AUM) | $40.7B | $446B |
| Launched | May 3, 2022 | Mar 10, 1999 |
| Holdings | 94 | 101 |
| Dividend yield (12m) | 12.79% · monthly | 0.47% · quarterly |
| Asset class | US Equity | Equity |
| Annualised return | JEPQ | QQQ |
|---|---|---|
| 1 year | +5.8% | +7.8% |
| 3 years | +16.4% | +21.8% |
| 5 years | — | +11.1% |
| 10 years | — | +20.0% |
| Volatility | 16.1% | 20.9% |
| Max drawdown | -20.1% | -35.1% |
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 | JEPQ | QQQ |
|---|---|---|
| AAPLAPPLE INC COMMON STOCK | 7.29% | 8.70% |
| NVDANVIDIA CORP COMMON STOCK | 6.69% | 7.58% |
| MSFTMICROSOFT CORP COMMON | 5.98% | 6.89% |
| AMZNAMAZON.COM INC COMMON | 4.31% | 4.86% |
| MUMICRON TECHNOLOGY INC | 3.54% | 3.54% |
| AMDADVANCED MICRO DEVICES | 3.22% | 3.15% |
| METAMETA PLATFORMS INC COMMON | 2.78% | 3.11% |
| GOOGALPHABET INC-CL C - | 4.37% | 2.70% |
| TSLATESLA INC COMMON STOCK | 2.25% | 3.13% |
| WMTWALMART INC COMMON STOCK | 2.13% | 2.97% |
Pull each fund's details, full price history and holdings into Google Sheets or Excel, so your comparison updates itself.
=SF("JEPQ","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("JEPQ","2022-05-01",TODAY(),"dailyAdj")=SF("QQQ","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("QQQ","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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JEPQ vs QQQ: frequently asked questions
How much do JEPQ and QQQ overlap?
72.4% by weight. They share 75 holdings, and that share of each fund is invested in exactly the same positions. That's very high, so holding both adds little diversification.
Is JEPQ or QQQ cheaper?
QQQ is cheaper. JEPQ's expense ratio is 0.35% a year and QQQ's is 0.18%, so on $10,000 you'd pay about $35 and $18 a year.
Which has performed better, JEPQ or QQQ?
Over the last 3 years, QQQ has. JEPQ returned 16.4% and QQQ 21.8% a year on average, including reinvested dividends, as of Nov 6, 2026. Past returns don't predict future ones.
Which pays a higher dividend, JEPQ or QQQ?
JEPQ does. Over the last 12 months JEPQ yielded 12.79%, paid monthly, and QQQ 0.47%, paid quarterly.
Should I hold both JEPQ and QQQ?
Holding both mostly doubles up on the same stocks, since 72% of each fund is in the same positions. Most investors pick one, often the cheaper one. This is general information, not advice.
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