JEPI vs JEPQ: Which Dividend ETF Fits Which Job?
JPMorgan Equity Premium Income ETF and JPMorgan Nasdaq Equity Premium Income ETF, side by side — distributions, growth, returns and holdings from our live dataset.
| Metric | JEPI | JEPQ |
|---|---|---|
| Distribution yield | 7.60% | 14.14% |
| Forward annual (per share) | $4.40 | $8.46 |
| Payment frequency | Monthly | Monthly |
| Distribution growth, 1-yr | 11.9% | 12.5% |
| Distribution growth, 3-yr (CAGR) | -9.5% | 16.7% |
| Distribution growth, 5-yr (CAGR) | 7.9% | - |
| Consecutive annual increases | 1 | 3 |
| 1-yr return (incl. distributions) | 9.4% | 18.8% |
| Market cap | - | - |
| Last price | $57.92 | $59.84 |
| DividendRank | 51 | 36 |
Top-Holdings Overlap
Comparing each fund's top 25 and 25 stored positions, 8 names appear in both, and the shared positions account for about 12.7% of portfolio weight (summing the smaller weight of each shared name). Largest shared positions: AMZN, MSFT, NVDA, AAPL, AVGO, LRCX, META, COST. A low overlap means the two funds genuinely own different portfolios — holding both adds variety; a high overlap means they largely duplicate each other.
What Each Fund Does
JPMorgan Equity Premium Income ETF (JEPI): The JPMorgan Equity Premium Income ETF aims to capture the majority of the performance delivered by its primary benchmark, the S&P 500 Total Return Index. It seeks to accomplish this while simultaneously reducing investor risk through lower volatility and providing supplemental income. Typically, the fund allocates at least 80% of its assets to equity holdings. Additionally, it has the flexibility to invest in stocks…
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ): The fund implements its strategy by creating a dynamically managed portfolio of equities, primarily consisting of securities found within its benchmark, the Nasdaq-100 Index. Furthermore, it leverages equity-linked notes (ELNs) to execute the sale of call options whose performance is linked to the Nasdaq-100. The investment vehicle is characterized by its non-diversified nature.
Top 5 Holdings
| JEPI | Weight | JEPQ | Weight |
|---|---|---|---|
| AMAZON.COM INC COMMON | 1.88% | NVIDIA CORP COMMON STOCK | 7.13% |
| MICROSOFT CORP COMMON | 1.87% | APPLE INC COMMON STOCK | 6.20% |
| MASTERCARD INC COMMON | 1.79% | MICROSOFT CORP COMMON | 5.05% |
| JOHNSON & COMMON | 1.79% | ALPHABET INC-CL C - | 4.88% |
| NVIDIA CORP COMMON STOCK | 1.78% | MICRON TECHNOLOGY INC | 4.65% |
How to Read This Comparison
The two funds serve different jobs when their yields and growth rates diverge: a higher current yield usually trades away some growth or upside (covered-call funds cap rallies to fund their distributions), while a lower-yielding growth-screened fund aims to raise its payout over time. Neither profile is better in the abstract — they answer different needs, and this page presents the data without recommending either.
Expense ratios and total net assets are not part of our dataset, so they are not shown rather than estimated — check each issuer's page for those before comparing costs.
Related Pages
This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.