Alternatives
Best JEPQ Alternatives in 2026
Top Nasdaq-100 income and covered-call ETFs to consider alongside or instead of JPMorgan Nasdaq Equity Premium Income (JEPQ).
Data updated August 2026 · 12 ETFs
Who this page is for
Best for
- JEPQ holders who want a higher yield or a more tax-efficient distribution on the same Nasdaq exposure
- Income investors diversifying across Nasdaq-100 covered-call methodologies
- Anyone comparing monthly Nasdaq income ETFs before adding new money
Not a fit for
- Investors who want uncapped Nasdaq upside — every fund here trades gains for premium
- Those seeking broad diversification — all are concentrated in the same megacap tech names
- Bull-market maximalists; covered-call income lags a fast-rising Nasdaq
Analysis
JEPQ brought JPMorgan's equity premium income approach to the Nasdaq-100, and it competes with a fast-growing field of funds chasing the same high-tech income goal. QQQI (NEOS) writes Nasdaq index options and structures distributions for tax efficiency, usually at a higher yield than JEPQ. GPIQ (Goldman Sachs) is a close active peer with a similar risk profile. QYLD takes the fully-covered, systematic route — a higher headline yield in exchange for more fully-capped upside. Newer entrants like QDTE (Roundhill) sell 0DTE options for weekly distributions and eye-watering headline rates. All of these share the same underlying exposure — the megacap-heavy Nasdaq-100 — so they rise and fall with the same handful of tech giants; the differences are in yield, tax treatment, and exactly how much upside each surrenders. Pick based on whether you prioritize a higher distribution, tax efficiency, or keeping a bit more of the Nasdaq's growth.
See this list inside your portfolio
A ranked list is a starting point. Dividend Vision turns it into a plan — forecasting the income your holdings actually generate and putting each fund's yield next to its total return and risk.
- Income forecasting — know what your holdings pay monthly, quarterly, and yearly
- Yield vs. total return — weigh each distribution against price performance, not the headline rate
- Screen & compare — line up any income ETFs side by side on yield, cost, and strategy
- Portfolio risk — see income concentration, issuer overlap, and volatility across your holdings
- AI ETF comparison — ask plain-language questions to compare yield, risk, and income potential
7 days of Pro included · no credit card · free plan afterward
How these alternatives are selected
- Universe: a hand-curated peer set, split into close peers (9 here — same core exposure and same income mechanism, so a like-for-like swap) and broader substitutes (a different index, underlying asset, or income mechanism). Every fund is labelled in the Strategy fit column; JEPQ itself is excluded.
- Eligibility: active ETFs only — liquidated, delisted, and renamed funds drop out automatically. Leveraged and inverse products are never listed: a daily-reset 2x or -1x fund is not an alternative to a long income position.
- Ranking: assets under management, a size-and-liquidity proxy. Never ranked by yield — yields are shown as data, not used to order the list.
- Fit: how each fund's strategy differs from JEPQ — and who each one suits — is covered in the strategy notes and FAQ below.
Top picks
Top 3 JEPQ alternatives by assets under management.
Yield distribution
Expense ratio distribution
Income projection
Estimated income if the current average distribution rate of 16.08% held for a full year with share prices unchanged. Distribution rate is not total return—a fund can pay a large distribution while its share price falls—so treat these as an upper-bound illustration, not a forecast.
| Investment | Annual income | Monthly income | Weekly income |
|---|---|---|---|
| $10,000 | $1,608 | $134 | $31 |
| $25,000 | $4,020 | $335 | $77 |
| $50,000 | $8,040 | $670 | $155 |
| $100,000 | $16,079 | $1,340 | $309 |
Issuer breakdown
Distribution of ETFs by fund issuer. Larger issuers often offer lower expense ratios and higher liquidity.
All 12 ETFs
| Ticker | Name | Strategy fit | Issuer | Yield | Expense ratio | AUM | Frequency |
|---|---|---|---|---|---|---|---|
| JEPI | JPMorgan Equity Premium Income ETF | Broader substitute | JPMorgan | 7.58% | 0.35% | $45.8B | Monthly |
| QQQI | NEOS Nasdaq-100 High Income ETF | Close peer | NEOS | 13.66% | 0.68% | $13.9B | Monthly |
| QYLD | Global X Nasdaq 100 Covered Call ETF | Close peer | Global X | 11.70% | 0.61% | $8.2B | Monthly |
| GPIQ | Goldman Sachs Nasdaq-100 Core Premium Income ETF | Close peer | Goldman Sachs | 10.12% | 0.29% | $5.4B | Monthly |
| QDTE | Roundhill Innovation-100 0DTE Covered Call Strategy ETF | Close peer | Roundhill Investments | 36.26% | 0.95% | $966M | Weekly |
| QDVO | Amplify CWP Dividend & Option Income ETF | Broader substitute | Amplify ETFs | 10.57% | 0.56% | $746M | Monthly |
| FEPI | REX FANG & Innovation Equity Premium Income ETF | Broader substitute | REX Shares | 24.87% | 0.65% | $680M | Weekly |
| ROCQ | JPMorgan Nasdaq Equity Premium Yield ETF | Close peer | JPMorgan | 15.05% | 0.35% | $460M | Monthly |
| IQQQ | ProShares Nasdaq-100 High Income ETF | Close peer | ProShares | 5.81% | 0.55% | $407M | Monthly |
| TDAQ | TappAlpha Innovation 100 Growth & Daily Income ETF | Close peer | TappAlpha | 16.88% | 0.71% | $289M | Monthly |
| QQQY | Defiance Nasdaq 100 Enhanced Income ETF | Close peer | Defiance ETFs | 29.71% | 0.99% | $187M | Weekly |
| QYLG | Global X Nasdaq 100® Covered Call & Growth ETF | Close peer | Global X | 10.74% | 0.60% | $168M | Monthly |
Frequently asked questions
What are the best jepq alternatives?
This page lists the top 12 ETFs in this category ranked by key metrics. The list includes funds from issuers like JPMorgan, NEOS, Global X, Goldman Sachs, Roundhill Investments and more.
How often is this list updated?
The data on this page is refreshed regularly using the latest available distribution rates, expense ratios, and AUM figures. Last updated August 2026.
What is the average yield of these ETFs?
The average distribution yield across the 12 ETFs on this list is 16.08%. Individual yields range from 5.81% to 36.26%.
What is the best alternative to JEPQ?
QQQI (NEOS) is the most-cited alternative — same Nasdaq-100 exposure with an index-options strategy and more tax-efficient distributions, often at a higher yield. GPIQ (Goldman Sachs) is another close active peer, while QYLD offers a higher yield via a fully-covered approach with more capped upside.
Which JEPQ alternative is most tax-efficient?
The NEOS fund QQQI is designed around tax efficiency, using index options (which can receive favorable 1256 treatment) and return-of-capital characterization to reduce the current tax drag on distributions. JEPQ's ELN-based income is generally taxed as ordinary income. Always confirm with your own tax advisor.
Do JEPQ alternatives all hold the same stocks?
Effectively yes — they all track or hold the Nasdaq-100, so they share heavy exposure to the same megacap technology names. That means stacking several of them diversifies the options strategy but not the underlying equity risk, which stays concentrated in big tech.
Explore more
Learn the method
The metrics and risks behind this list, explained in the Academy.
From the blog
Put this list to work in your portfolio
Import or build a portfolio to see income forecasts, upcoming distributions, income concentration, and risk across everything you own — and where a fund's yield and total return diverge.
7 days of Pro included · no credit card · free plan afterward