JEPI vs QYLD
JPMorgan Equity Premium Income ETF vs Global X NASDAQ 100 Covered Call ETF
Quick Verdict
JEPI has a lower expense ratio. QYLD delivered stronger 1-year returns. JEPI offers more diversification with 124 holdings.
Side-by-Side Comparison
| Metric | JEPI | QYLD | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.60% | |
| AUM | $46.1B | $8.3B | |
| Dividend Yield | 7.99% | 11.90% | |
| Holdings | 124 | 105 | |
| YTD Return | +5.94% | +11.16% | |
| 1Y Return | +10.31% | +24.30% | |
| 3Y Return (annualized) | +10.47% | +14.90% | |
| 5Y Return (annualized) | +7.34% | +8.00% | |
| Volatility (annualized) | 10.0% | 11.1% | |
| Max Drawdown | -13.7% | -30.7% | |
| Fund Family | J.P. Morgan Asset Management | Global X by mirae Asset | |
| Category | Equity | Alternative | |
| Inception | May 20, 2020 | Dec 11, 2013 |
JEPI vs QYLD Performance
JPMorgan Equity Premium Income ETF (JEPI) is a ETF from J.P. Morgan Asset Management and Global X NASDAQ 100 Covered Call ETF (QYLD) is a ETF from Global X by mirae Asset. Over the past year JEPI returned +10.31% while QYLD returned +24.30%. Year to date, JEPI is up 5.94% versus a gain of 11.16% for QYLD.
Over three years, JEPI compounded at +10.47% per year against +14.90% for QYLD; over five years the annualized figures are +7.34% and +8.00% respectively. Across the full 6-year window we track, JEPI has the edge at +10.32% annualized vs +2.89%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QYLD has been the more volatile fund, with annualized monthly volatility of 11.1% 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 -30.7% for QYLD. 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JEPI charges 0.35% per year while QYLD charges 0.60%. On a $10,000 position that is $35 vs $60 annually, a gap of $25 per year that compounds over a long holding period. On income, JEPI currently yields 7.99% against 11.90% for QYLD.
Holdings Overlap
JEPI and QYLD share 29 holdings out of 182 unique holdings combined, representing a 21.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JEPI or QYLD?
JEPI has an expense ratio of 0.35% while QYLD charges 0.60%. JEPI is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, JEPI or QYLD?
Over the past year JEPI returned +10.31% vs +24.30% for QYLD, so QYLD leads on 1-year performance. Over the longest common window we track (6 years), JEPI annualized +10.32% vs +2.89% for QYLD. Past performance does not guarantee future results.
Which is riskier, JEPI or QYLD?
QYLD has been the more volatile fund at 11.1% annualized versus 10.0% for JEPI. Worst drawdown: JEPI -13.7% vs QYLD -30.7%.
Should I hold both JEPI and QYLD?
JEPI and QYLD have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JEPI and QYLD?
JEPI and QYLD share 29 common holdings with a 21.7% weight overlap. Combined, they hold 182 unique securities.
Which pays a higher dividend, JEPI or QYLD?
JEPI yields 7.99% while QYLD yields 11.90%, so QYLD currently pays the higher dividend yield.
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