JEPI vs QYLD
JPMorgan Equity Premium Income ETF vs Global X NASDAQ 100 Covered Call ETF
Which is better, JEPI or QYLD?
Large Cap Value against Multi Alternative.
JEPI has a lower expense ratio. JEPI led over the full window, QYLD over 1Y, 3Y and 5Y.
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 | QYLD |
|---|---|---|
| Expense Ratio | 0.35%Best | 0.60% |
| AUM | $46.3B | $8.3B |
| Dividend Yield | 7.99% | 11.62% |
| Holdings | 127 | 105 |
| YTD Return | +4.29% | +12.59%Best |
| 1Y Return | +7.20% | +22.25%Best |
| 3Y Return (annualized) | +9.23% | +14.84%Best |
| 5Y Return (annualized) | +7.25% | +8.16%Best |
| Volatility (annualized) | 9.9%Best | 11.4% |
| Max Drawdown | -13.7%Best | -24.6% |
| $10,000 over 5 years | $14,190 | $14,802Best |
| Fund Family | J.P. Morgan Asset Management | Global X by mirae Asset |
| Category | Equity | Alternative |
| Style | Large Cap Value | Multi Alternative |
| Inception | May 20, 2020 | Dec 11, 2013 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 21, 2020 to Sep 11, 2026 (6.3 years).
JEPI vs QYLD 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 6.3 years both funds cover.
JEPI vs QYLD Performance
JPMorgan Equity Premium Income ETF (JEPI) is an ETF from J.P. Morgan Asset Management and Global X NASDAQ 100 Covered Call ETF (QYLD) is an ETF from Global X by mirae Asset. Over the past year JEPI returned +7.20% while QYLD returned +22.25%. Year to date, JEPI is up 4.29% versus a gain of 12.59% for QYLD.
Over three years, JEPI compounded at +9.23% per year against +14.84% for QYLD; over five years the annualized figures are +7.25% and +8.16% respectively. Across the full 6-year window we track, JEPI has the edge at +9.95% annualized vs +9.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QYLD has been the more volatile fund, with annualized monthly volatility of 11.4% compared with 9.9% 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 -24.6% for QYLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 11.62% for QYLD.
Holdings Overlap
At least 65.8% of QYLD's money is in holdings JEPI also owns.
Stated as a floor: for JEPI, our book for it covers 86.4% 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.
35 positions in common, counted across the 118 positions we hold weights for in JEPI and 102 in QYLD, against full books of 127 and 105.
Top Shared Holdings
| Stock | Weight in JEPI | Weight in QYLD | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 1.81% | 8.61% | 6.80% |
| AAPLApple, Inc | 1.70% | 7.82% | 6.12% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 1.97% | 6.09% | 4.12% |
| AMZNAmazon.Com Inc | 2.03% | 4.49% | 2.46% |
| MUMicron Technology, Inc. | 0.26% | 4.76% | 4.50% |
| GOOGLAlphabet A Usd 0.001 | 1.79% | 3.19% | 1.40% |
| AVGOBroadcom Inc | 1.72% | 2.87% | 1.15% |
| AMDAdvanced Micro Devices Inc. | 0.94% | 3.39% | 2.45% |
| METAMeta Platforms, Inc. | 1.46% | 2.81% | 1.35% |
| COSTCostco Wholesale Corp. | 1.28% | 1.88% | 0.60% |
65.8% of QYLD is already inside JEPI.
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, JEPI or QYLD?
JEPI has an expense ratio of 0.35% while QYLD charges 0.60%. JEPI is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, JEPI or QYLD?
Over the past year JEPI returned +7.20% vs +22.25% for QYLD, so QYLD leads on 1-year performance. Over the longest common window we track (6 years), JEPI annualized +9.95% vs +9.50% for QYLD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JEPI or QYLD?
QYLD has been the more volatile fund at 11.4% annualized versus 9.9% for JEPI. Worst drawdown: JEPI -13.7% vs QYLD -24.6%.
Should I hold both JEPI and QYLD?
JEPI and QYLD have a monthly-return correlation of 0.71, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between JEPI and QYLD?
At least 65.8% of QYLD's money is in holdings JEPI also owns. Our book for JEPI is partial, so the real figure is this or higher. They hold 35 positions in common, counted across the 118 positions we hold weights for in JEPI and 102 in QYLD.
Which pays a higher dividend, JEPI or QYLD?
JEPI yields 7.99% while QYLD yields 11.62%, so QYLD currently pays the higher dividend yield.
Is QYLD better than JEPI?
JEPI has a lower expense ratio. JEPI led over the full window, QYLD over 1Y, 3Y and 5Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.