IVV vs JEPQ
iShares Core S&P 500 ETF vs JPMorgan Nasdaq Equity Premium Income ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | JEPQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $907.0B | $38.9B | |
| Dividend Yield | 1.10% | 10.82% | |
| Holdings | 508 | 111 | |
| YTD Return | +12.71% | +10.34% | |
| 1Y Return | +21.89% | +21.80% | |
| 3Y Return (annualized) | +22.08% | +20.28% | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 13.8% | |
| Max Drawdown | -56.5% | -20.1% | |
| Fund Family | iShares by BlackRock (US) | J.P. Morgan Asset Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | May 3, 2022 |
IVV vs JEPQ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is a ETF from J.P. Morgan Asset Management. Over the past year IVV returned +21.89% while JEPQ returned +21.80%. Year to date, IVV is up 12.71% versus a gain of 10.34% for JEPQ.
Over three years, IVV compounded at +22.08% per year against +20.28% for JEPQ. Across the full 4-year window we track, JEPQ has the edge at +15.86% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% 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 -56.5% for IVV 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 0.92. 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 1.10% against 10.82% for JEPQ.
Holdings Overlap
IVV and JEPQ share 81 holdings out of 519 unique holdings combined, representing a 48.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $32 per year of difference.
Which performed better, IVV or JEPQ?
Over the past year IVV returned +21.89% vs +21.80% for JEPQ, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +7.00% vs +15.86% for JEPQ. Past performance does not guarantee future results.
Which is riskier, IVV or JEPQ?
IVV has been the more volatile fund at 15.1% annualized versus 13.8% for JEPQ. Worst drawdown: IVV -56.5% 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. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and JEPQ?
IVV and JEPQ share 81 common holdings with a 48.4% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, IVV or JEPQ?
IVV yields 1.10% while JEPQ yields 10.82%, so JEPQ currently pays the higher dividend yield.
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