JEPI vs JEPQ: Head-to-Head Comparison

JPMorgan's two monthly dividend powerhouses. Same strategy, different universes: large-cap vs Nasdaq.

MetricJEPIJEPQWinner
Dividend Yield8.36%10.33%JEPQ
Expense Ratio0.35%0.35%Tie
Assets Under Management$40.4B$33.0BJEPI
Distribution FrequencyMonthlyMonthlyTie
Inception Date20202022JEPI
FocusLarge-cap stocksNasdaq-100 stocksDifferent
Top Holdings UniverseLarge-cap S&P 500 leadersNasdaq-100 mega-cap techDifferent

JEPI Strengths

  • More Diversified: Broader large-cap exposure vs tech-heavy Nasdaq
  • Longer Track Record: Launched 2020 vs 2022
  • Larger AUM: $40.4B provides excellent liquidity
  • Lower Volatility Profile: More balanced sector allocation
  • Established Approach: 8.36% yield from a covered-call overlay

Best For

Investors seeking high monthly income with lower volatility and broader diversification.

JEPQ Strengths

  • Higher Yield: 10.33% vs 8.36% - significantly more income
  • Tech Exposure: 52% technology for growth potential
  • Nasdaq-100 Focus: Exposure to large-cap tech innovators
  • Sector Tilt: Performance tied closely to technology cycles
  • Monthly Payments: Same monthly distribution cadence

Best For

Tech-bullish investors seeking ultra-high monthly income who are comfortable with higher volatility.

The Verdict: Which Should You Choose?

Choose JEPI if: You prefer broader diversification across large-cap stocks, lower volatility, and a longer track record. The 8.36% monthly yield is still excellent while maintaining more balanced sector exposure.

Choose JEPQ if: You're bullish on technology, want maximum monthly income (10.33%), and are comfortable with higher concentration in tech stocks. The higher yield comes with more volatility.

Key Difference: Both use the same JPMorgan options overlay strategy. The main difference is the underlying portfolio - JEPI holds diversified large-caps while JEPQ focuses on Nasdaq-100 tech stocks. JEPQ's higher yield reflects both the options premium and tech sector characteristics.

Risk Consideration: JEPQ's 52% technology allocation means higher sensitivity to tech sector downturns. JEPI's broader diversification provides more stability during market volatility.