JEPI vs JEPQ
JEPI vs JEPQ
JPMorgan Equity Premium Income ETF vs JPMorgan Nasdaq Equity Premium Income ETF
Quick Verdict
JEPQ delivered stronger 1-year returns. JEPI offers more diversification with 105 holdings.
Side-by-Side Comparison
| Metric | JEPI | JEPQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.35% | |
| AUM | $45.5B | $23.5B | |
| Dividend Yield | 8.35% | 10.12% | |
| Holdings | 121 | 109 | |
| YTD Return | +4.37% | +6.10% | |
| 1Y Return | +10.15% | +17.73% | |
| 3Y Return (annualized) | +9.22% | +17.51% | |
| 5Y Return (annualized) | +7.42% | - | |
| Volatility (annualized) | 10.0% | 13.9% | |
| Max Drawdown | -13.7% | -20.1% | |
| Fund Family | J.P. Morgan Asset Management | J.P. Morgan Asset Management | |
| Category | Equity | Equity | |
| Inception | May 20, 2020 | May 3, 2022 |
JEPI vs JEPQ Performance
JPMorgan Equity Premium Income ETF (JEPI) is a ETF from J.P. Morgan Asset Management and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is a ETF from J.P. Morgan Asset Management. Over the past year JEPI returned +10.15% while JEPQ returned +17.73%. Year to date, JEPI is up 4.37% versus a gain of 6.10% for JEPQ.
Over three years, JEPI compounded at +9.22% per year against +17.51% for JEPQ. Across the full 4-year window we track, JEPQ has the edge at +15.02% annualized vs +10.15%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JEPQ has been the more volatile fund, with annualized monthly volatility of 13.9% compared with 10.0% for JEPI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.7% for JEPI and -20.1% for JEPQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JEPI charges 0.35% per year while JEPQ charges 0.35%. On a $10,000 position that is $35 vs $35 annually. On income, JEPI currently yields 8.35% against 10.12% for JEPQ.
Holdings Overlap
JEPI and JEPQ share 35 holdings out of 165 unique holdings combined, representing a 21.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in JEPI | Weight in JEPQ | Difference |
|---|---|---|---|
| NVDA | 1.42% | 7.07% | 5.65% |
| AAPL | 1.40% | 6.57% | 5.17% |
| MSFT | 1.28% | 4.06% | 2.78% |
| AMZN | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| VMVXX | Pro | Pro | Pro |
| ADI | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
See all 10 holdings JEPI shares with JEPQ Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, JEPI or JEPQ?
JEPI has an expense ratio of 0.35% while JEPQ charges 0.35%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, JEPI or JEPQ?
Over the past year JEPI returned +10.15% vs +17.73% for JEPQ, so JEPQ leads on 1-year performance. Over the longest common window we track (4 years), JEPI annualized +10.15% vs +15.02% for JEPQ. Past performance does not guarantee future results.
Which is riskier, JEPI or JEPQ?
JEPQ has been the more volatile fund at 13.9% annualized versus 10.0% for JEPI. Worst drawdown: JEPI -13.7% vs JEPQ -20.1%.
Should I hold both JEPI and JEPQ?
JEPI and JEPQ have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JEPI and JEPQ?
JEPI and JEPQ share 35 common holdings with a 21.1% weight overlap. Combined, they hold 165 unique securities.
Which pays a higher dividend, JEPI or JEPQ?
JEPI yields 8.35% while JEPQ yields 10.12%, so JEPQ currently pays the higher dividend yield.
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