QYLD vs JEPQ: Key Differences

Both QYLD and JEPQ are Nasdaq-linked covered-call funds, but with different coverage ratios. QYLD sells calls on 100% of its index exposure; JEPQ uses a selective options overlay that preserves more upside.

QYLD’s full covered-call approach maximizes current distributions but heavily limits price appreciation. JEPQ retains more equity upside due to partial options coverage and launched in 2022 — its long-term track record is still developing.

Estimate Your Income

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

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Metric

QYLD

JEPQ

Dividend yield

10.11%

Expense ratio

0.6%

0.35%

1-year return

22%

23.8%

5-year total return

47.3%

105.6%

Risk note

전량 커버드콜 — 분배율 높으나 원금 성장 제한적, 보수 높음

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 400 USD for QYLD (yield 4.00%) versus 1011 USD for JEPQ (yield 10.11%), a gap of roughly 611 USD. Expense ratios differ too — QYLD 0.60% 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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