IVV vs JEPQ
iShares Core S&P 500 ETF vs JPMorgan Nasdaq Equity Premium Income ETF
Which is better, IVV or JEPQ?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 3Y, JEPQ over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | JEPQ |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.35% |
| AUM | $876.4B | $38.9B |
| Dividend Yield | 1.06% | 10.92% |
| Holdings | 508 | 111 |
| YTD Return | +12.51%Best | +11.49% |
| 1Y Return | +17.57% | +18.91%Best |
| 3Y Return (annualized) | +21.27%Best | +19.72% |
| 5Y Return (annualized) | +12.95% | - |
| Volatility (annualized) | 15.3% | 13.8%Best |
| Max Drawdown | -18.8%Best | -20.1% |
| $10,000 over 4.4 years | $19,054 | $19,148Best |
| Fund Family | iShares by BlackRock (US) | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | May 3, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: May 4, 2022 to Sep 11, 2026 (4.4 years).
IVV vs JEPQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.4 years both funds cover.
IVV vs JEPQ Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is an ETF from J.P. Morgan Asset Management. Over the past year IVV returned +17.57% while JEPQ returned +18.91%. Year to date, IVV is up 12.51% versus a gain of 11.49% for JEPQ.
Over three years, IVV compounded at +21.27% per year against +19.72% for JEPQ. Across the full 4-year window we track, JEPQ has the edge at +15.91% annualized vs +15.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.8% for JEPQ. 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 -18.8% for IVV and -20.1% for JEPQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while JEPQ charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 10.92% for JEPQ.
Holdings Overlap
At least 54.0% of IVV's money is in holdings JEPQ also owns.
Stated as a floor: for JEPQ, our book for it covers 82.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
82 positions in common, counted across the 505 positions we hold weights for in IVV and 95 in JEPQ, against full books of 508 and 111.
Top Shared Holdings
| Stock | Weight in IVV | Weight in JEPQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.98% | 7.25% | 0.73% |
| AAPLApple, Inc | 6.86% | 6.20% | 0.66% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 5.31% | 0.13% |
| AMZNAmazon.Com Inc | 4.01% | 4.30% | 0.29% |
| GOOGAlphabet Inc | 2.56% | 5.10% | 2.54% |
| MUMicron Technology, Inc. | 1.51% | 4.16% | 2.65% |
| AVGOBroadcom Inc | 2.98% | 2.41% | 0.57% |
| METAMeta Platforms, Inc. | 1.94% | 2.51% | 0.57% |
| AMDAdvanced Micro Devices Inc. | 1.18% | 3.12% | 1.94% |
| TSLATesla Inc | 1.36% | 1.90% | 0.54% |
54.0% of IVV is already inside JEPQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or JEPQ?
IVV has an expense ratio of 0.03% while JEPQ charges 0.35%. IVV is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, IVV or JEPQ?
Over the past year IVV returned +17.57% vs +18.91% for JEPQ, so JEPQ leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +15.78% vs +15.91% for JEPQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or JEPQ?
IVV has been the more volatile fund at 15.3% annualized versus 13.8% for JEPQ. Worst drawdown: IVV -18.8% vs JEPQ -20.1%.
Should I hold both IVV and JEPQ?
IVV and JEPQ have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and JEPQ?
At least 54.0% of IVV's money is in holdings JEPQ also owns. Our book for JEPQ is partial, so the real figure is this or higher. They hold 82 positions in common, counted across the 505 positions we hold weights for in IVV and 95 in JEPQ.
Which pays a higher dividend, IVV or JEPQ?
IVV yields 1.06% while JEPQ yields 10.92%, so JEPQ currently pays the higher dividend yield.
Is JEPQ better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, JEPQ over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.