JEPI and JEPQ are two actively managed ETFs from JPMorgan that use the same idea: hold stocks and sell call options to generate extra income. The difference is the market they are built on. JEPI follows the S&P 500 and JEPQ follows the Nasdaq-100.
JEPI vs JEPQ: Two Options-Income ETFs Compared
JEPI and JEPQ both turn option premiums into monthly income. Compare the S&P 500 and Nasdaq-100 approaches, risks and what to check.
At a glance
JPMorgan Equity Premium Income ETF
JEPI
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JPMorgan Nasdaq Equity Premium Income ETF
JEPQ
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|
|---|---|---|
| Exchange | NYSE Arca | Nasdaq |
| Issuer | JPMorgan | JPMorgan |
| Category | Options-based income | Options-based income |
| Tracks | Actively managed (S&P 500 benchmark) | Actively managed (Nasdaq-100 benchmark) |
| Launched | 2020 | 2022 |
| Regular dividend | Yes | Yes |
| Full profile | Read the profile → | Read the profile → |
Price chart
Live data by TradingViewKey differences
Benchmark
JEPI is benchmarked to the S&P 500. JEPQ is benchmarked to the technology-heavy Nasdaq-100.
Volatility and income
The Nasdaq-100 swings more, which usually lets JEPQ earn larger option premiums and pay more, but with more risk.
Diversification
JEPQ is classed as non-diversified and is more concentrated in a few large technology companies.
Track record
JEPI launched in 2020 and JEPQ in 2022, so neither has a long history.
In common
Both typically pay monthly, with variable amounts, and both cap part of the upside in strong rallies.
What to check before choosing
- Are you comfortable with higher technology concentration for a higher payout?
- Do you understand that the payout is not made up of company dividends and can change?
- How would you cope with the payout falling when option income drops?
This is general education, not a recommendation. Fees, yields and prices change, so check current figures with the issuer or your broker.
Frequently asked questions
Which pays more, JEPI or JEPQ?
JEPQ usually pays more because the Nasdaq-100 is more volatile, but both payouts vary.
Is JEPI a dividend ETF?
Not in the traditional sense. Much of its income comes from selling options, not from company dividends.
Are these funds safe for income?
Their payouts are not guaranteed and can fall. Learn how the income is produced before relying on it.
Investment Disclaimer
All information and tools on this website are provided for informational purposes only. The calculations, examples, and projections are simplified estimates and may not reflect real-world investment results.
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Past performance and projected returns do not guarantee future results. Always conduct your own research and consult a qualified financial advisor before making investment decisions.