A head-to-head comparison of REX SHARES AI Equity Premium Income ETF and JPMorgan Nasdaq Equity Premium Income ETF covering yield, cost, risk, and income potential.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
REX Shares is known for specializing in options-based and thematic ETF strategies, offering 23 funds organized across distinct families including Covered Call, IncomeMax Option Strategy, and MicroSectors products. The fund lineup emphasizes income generation through option strategies and sector-specific exposure, with holdings spanning technology, commodities, and alternative assets. REX Shares targets investors seeking non-traditional income approaches and concentrated sector bets, positioning itself in a niche segment focused on structured strategies rather than broad market indexing.
See our curated list of related YouTube videos on AIPI.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
JPMorgan operates a diverse ETF lineup of 46 funds spanning bond, equity, factor, income, index, international, money market, municipal, and sector strategies, establishing itself as a broad-based player across multiple asset classes and investment approaches. The issuer is particularly known for its income-focused offerings, including popular tickers like JEPI (Equity Premium Income) and JEPQ (Equity Premium Income ETF), which employ covered call and options strategies to generate distributions. JPMorgan's portfolio ranges from core index and fixed income funds to specialized sector and international equity ETFs, positioning the firm to serve both income-seeking and growth-oriented investors across diversified markets.
See our curated list of related YouTube videos on JEPQ.
Generates income by writing covered calls on a portfolio of artificial-intelligence focused
equities while retaining core exposure to the theme.
Covered Call
Asset class
Equity
Equity
Inception date
06/04/2024
05/03/2022
Beta
1.0555
0.78
Last dividend
$0.2480
$0.6366
Ex-dividend date
07/08/2026
07/01/2026
Bottom lineChoose AIPI if you want to maximize current income — roughly 34.82%, generated by selling options premium. Choose JEPQ if you are comfortable trading away most upside for a large, steady payout. There's no free lunch: AIPI's payout comes from selling options, which caps upside and can erode the share price over time, while JEPQ keeps full price exposure.
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Want to go deeper?
Add these ETFs to a sample portfolio and forecast your dividend income over 5+ years — no signup required.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
AIPI has lagged JEPQ over the trailing twelve months, posting a 15.87% total return against 22.83%. Measured from Jun 2024 — when the younger fund began trading — AIPI has compounded at 18.40% a year versus 17.36% for JEPQ. JEPQ has been the steadier holding, though — annualized volatility of 13.8% against 17.4% for AIPI. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 10, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jun 2024” measures every fund from June 4, 2024 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the past year. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
AIPI (REX SHARES AI Equity Premium Income ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both dividend ETFs, but they take different approaches.
AIPI offers the higher yield at 34.82% vs 12.62% for JEPQ. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
JEPQ is cheaper with an expense ratio of 0.35% compared to 0.65%.
They track different benchmarks: AIPI is linked to Basket (AI Stocks) while JEPQ tracks NASDAQ 100, which means their performance drivers differ.
JEPQ is the larger fund by assets ($39.0B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose AIPI
REX SHARES AI Equity Premium Income ETF
Want to maximize current income — AIPI distributes roughly 34.82% from selling options premium, vs 12.62% for JEPQ.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Choose JEPQ
JPMorgan Nasdaq Equity Premium Income ETF
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Want to keep costs low — a 0.35% expense ratio vs 0.65% for AIPI.
Prefer lower volatility — a beta of 0.8 vs 1.1 for AIPI.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, AIPI would generate roughly $290.17/month, while JEPQ would produce $105.17/month, at current distribution rates.
AIPI yield34.82%
JEPQ yield12.62%
Monthly diff on $10K$185.00
Cost & efficiency
Over 10 years on $10,000, AIPI would cost approximately $650 in fees vs $350 for JEPQ (simplified, not compounded). The $300.00 difference may be offset by yield or performance.
AIPI ER0.65%
JEPQ ER0.35%
Strategy & risk
AIPI tracks Basket (AI Stocks) with an artificial intelligence (ai) approach, while JEPQ tracks NASDAQ 100 with a covered call approach. Beta is 1.0555 for AIPI and 0.78 for JEPQ, indicating JEPQ is less volatile relative to the market.
AIPI beta1.0555
JEPQ beta0.78
Fund details
AIPI is managed by REX Shares (launched 06/04/2024) with $415M in assets. JEPQ is managed by JPMorgan (launched 05/03/2022) with $39.0B in assets.
Do us a favor — if you found this comparison useful, please share it with a friend researching dividend ETFs.
Frequently asked questions
Is AIPI or JEPQ better for dividend income?
It depends on your goals. AIPI currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between AIPI and JEPQ?
AIPI (REX SHARES AI Equity Premium Income ETF) tracks Basket (AI Stocks) with an artificial intelligence (ai) approach, while JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) tracks NASDAQ 100 with a covered call approach. They are issued by REX Shares and JPMorgan respectively.
Can I hold both AIPI and JEPQ?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, AIPI or JEPQ?
AIPI has an expense ratio of 0.65% while JEPQ charges 0.35%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in AIPI vs JEPQ generate?
At current rates, $10,000 in AIPI would generate roughly $290.17 per month ($3,482.00 annually). The same in JEPQ would produce about $105.17 per month ($1,262.00 annually).
Which has performed better historically, AIPI or JEPQ?
AIPI has lagged JEPQ over the trailing twelve months, posting a 15.87% total return against 22.83%. Measured from Jun 2024 — when the younger fund began trading — AIPI has compounded at 18.40% a year versus 17.36% for JEPQ. JEPQ has been the steadier holding, though — annualized volatility of 13.8% against 17.4% for AIPI. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
Lateral filters that include these funds — browse the full peer set on DividendVision.
Still deciding? Compare them against your own portfolio
See how each ETF fits alongside your real holdings — forecast future income, analyze overlap, and gauge risk. Start a free 7-day Dividend Vision trial and make the call with your full portfolio in view.
