JEPI vs JEPQ: Key Differences

JEPI and JEPQ share the same JPMorgan equity-premium-income strategy but differ in their equity base. JEPI uses a low-volatility U.S. stock portfolio; JEPQ applies the same overlay to Nasdaq-100-style holdings.

JEPQ carries greater growth potential through its tech-heavy Nasdaq base but also higher volatility. JEPI’s lower-volatility equity selection has historically produced a smoother return profile.

Estimate Your Income

Enter an investment amount above to compare estimated annual and monthly income from JEPI and JEPQ side by side.

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Metric

JEPI

JEPQ

Dividend yield

8.45%

10.11%

Expense ratio

0.35%

1-year return

7.8%

23.8%

5-year total return

39.4%

105.6%

Risk note

커버드콜 전략 — 고배당이나 상승장 수익 제한

나스닥 커버드콜 — 변동성 큼, 2022년 설정으로 장기 이력 짧음(확인 필요)

Data as of: 2026-06-14

Method and limits

Formula

annual_dividend = amount × yield ; 비교는 동일 투자금액 기준의 명목 배당 흐름

Worked example

On the same 10,000 USD, annual dividends are about 845 USD for JEPI (yield 8.45%) versus 1011 USD for JEPQ (yield 10.11%), a gap of roughly 166 USD. Expense ratios differ too — JEPI 0.35% vs JEPQ 0.35% — which compounds against long-run total return.

Assumptions

All math runs in your browser; inputs are never sent to a server.

Currency display uses a fixed exchange rate captured on the date below, not a live rate.

Data sources

Ticker yields, expense ratios, and returns come from periodically collected public market data (Yahoo Finance). They are not real-time quotes.

FX rates are closing values from the same collection run.

Data as of: 2026-06-14

What is not included

Taxes (dividend/capital gains), trading commissions, currency conversion costs

Tracking error, timing differences in distribution reinvestment, bid-ask spread

Dividend cuts or suspensions, expense-ratio changes, fund closures

How to verify this yourself

Put the same inputs into the formula above in a spreadsheet — you should reproduce these results exactly.

Cross-check ticker figures against each issuer's official fact sheet and filings.

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