JEPI vs JEPQ
JPMorgan Equity Premium Income ETF vs JPMorgan Nasdaq Equity Premium Income ETF
Which is better, JEPI or JEPQ?
Large Cap Value against Large Cap Growth.
JEPQ led over 1Y, 3Y and the full window.
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 | JEPI | JEPQ |
|---|---|---|
| Expense Ratio | 0.35%Tie | 0.35%Tie |
| AUM | $46.3B | $38.9B |
| Dividend Yield | 7.99% | 10.92% |
| Holdings | 127 | 111 |
| YTD Return | +4.29% | +11.49%Best |
| 1Y Return | +7.20% | +18.91%Best |
| 3Y Return (annualized) | +9.23% | +19.72%Best |
| 5Y Return (annualized) | +7.25% | - |
| Volatility (annualized) | 9.6%Best | 13.8% |
| Max Drawdown | -13.3%Best | -20.1% |
| $10,000 over 4.4 years | $13,945 | $19,148Best |
| Fund Family | J.P. Morgan Asset Management | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | May 20, 2020 | 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).
JEPI 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.
JEPI vs JEPQ Performance
JPMorgan Equity Premium Income ETF (JEPI) is an ETF from J.P. Morgan Asset Management and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is an ETF from J.P. Morgan Asset Management. Over the past year JEPI returned +7.20% while JEPQ returned +18.91%. Year to date, JEPI is up 4.29% versus a gain of 11.49% for JEPQ.
Over three years, JEPI compounded at +9.23% per year against +19.72% for JEPQ. Across the full 4-year window we track, JEPQ has the edge at +15.91% annualized vs +7.85%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JEPQ has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 9.6% 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 -13.3% for JEPI 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 0.70. 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 7.99% against 10.92% for JEPQ.
Holdings Overlap
We hold position weights for 118 holdings in JEPI and 95 in JEPQ, totalling 86.4% and 82.7% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 43 positions appear in both.
43 positions in common, counted across the 118 positions we hold weights for in JEPI and 95 in JEPQ, against full books of 127 and 111.
Top Shared Holdings
| Stock | Weight in JEPI | Weight in JEPQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 1.81% | 7.25% | 5.44% |
| AAPLApple, Inc | 1.70% | 6.20% | 4.50% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 1.97% | 5.31% | 3.34% |
| AMZNAmazon.Com Inc | 2.03% | 4.30% | 2.27% |
| MUMicron Technology, Inc. | 0.26% | 4.16% | 3.90% |
| AVGOBroadcom Inc | 1.72% | 2.41% | 0.69% |
| AMDAdvanced Micro Devices Inc. | 0.94% | 3.12% | 2.18% |
| METAMeta Platforms, Inc. | 1.46% | 2.51% | 1.05% |
| LRCXLam Research Corpcommon Stock | 1.35% | 2.05% | 0.70% |
| WMTWalmart, Inc. | 0.80% | 1.77% | 0.97% |
You are not choosing between two funds in isolation.
Whichever of JEPI and JEPQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JEPI or JEPQ?
JEPI has an expense ratio of 0.35% while JEPQ charges 0.35%. At the precision these are quoted to, they cost the same.
Which performed better, JEPI or JEPQ?
Over the past year JEPI returned +7.20% vs +18.91% for JEPQ, so JEPQ leads on 1-year performance. Over the longest common window we track (4 years), JEPI annualized +7.85% vs +15.91% for JEPQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JEPI or JEPQ?
JEPQ has been the more volatile fund at 13.8% annualized versus 9.6% for JEPI. Worst drawdown: JEPI -13.3% vs JEPQ -20.1%.
Should I hold both JEPI and JEPQ?
JEPI and JEPQ have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, JEPI or JEPQ?
JEPI yields 7.99% while JEPQ yields 10.92%, so JEPQ currently pays the higher dividend yield.
Is JEPQ better than JEPI?
JEPQ led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.