ETF Comparison
JEPQ vs DIVO: Which Is the Better Pick in 2026?
A head-to-head comparison of JPMorgan Nasdaq Equity Premium Income ETF and Amplify CWP Enhanced Dividend Income ETF covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| JEPQ | DIVO | |
|---|---|---|
| Full name | JPMorgan Nasdaq Equity Premium Income ETF | Amplify CWP Enhanced Dividend Income ETF |
| Issuer | JPMorgan | Amplify ETFs |
| Price | $55.52 | $44.93 |
| Distribution yield | 10.58% | 4.90% |
| Expense ratio | 0.35% | 0.56% |
| AUM | $34.6B | $6.6B |
| Distribution frequency | Monthly | Monthly |
| Underlying index | NASDAQ 100 | Basket (Amplify Advanced Dividend Income ETF holdings) |
| Objective | Covered Call | Seeks to provide current income as the primary objective and capital appreciation as the secondary objective by investing at least 80% of net assets in dividend-paying U.S. exchange-traded equity securities while opportunistically utilizing covered call options on those securities. |
| Asset class | Equity | Equity |
| Inception date | 05/03/2022 | 12/14/2016 |
| Beta | 0.79 | 0.65 |
| Last dividend | $0.56 | $0.18 |
| Ex-dividend date | 04/01/2026 | 03/30/2026 |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both popular monthly-pay covered call ETFs, but they take different approaches.
JEPQ offers the higher yield at 10.58% vs 4.90% for DIVO. 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 0.56%.
They track different benchmarks: JEPQ is linked to NASDAQ 100 while DIVO tracks Basket (Amplify Advanced Dividend Income ETF holdings), which means their performance drivers differ.
JEPQ is the larger fund by assets ($34.6B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, JEPQ would generate roughly $88.17/month while DIVO would produce $40.83/month at current distribution rates. Both pay monthly distributions.
Cost & efficiency
Over 10 years on $10,000, JEPQ would cost approximately $350 in fees vs $560 for DIVO (simplified, not compounded). The $210.00 difference may be offset by yield or performance.
Strategy & risk
JEPQ tracks NASDAQ 100 with a covered call approach, while DIVO tracks Basket (Amplify Advanced Dividend Income ETF holdings) using a seeks to provide current income as the primary objective and capital appreciation as the secondary objective by investing at least 80% of net assets in dividend-paying u.s. exchange-traded equity securities while opportunistically utilizing covered call options on those securities. strategy. Beta is 0.79 for JEPQ and 0.65 for DIVO, indicating DIVO is less volatile relative to the market.
Fund details
JEPQ is managed by JPMorgan (launched 05/03/2022) with $34.6B in assets. DIVO is managed by Amplify ETFs (launched 12/14/2016) with $6.6B in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is JEPQ or DIVO better for dividend income?
It depends on your goals. JEPQ 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 JEPQ and DIVO?
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) tracks NASDAQ 100 with a covered call strategy, while DIVO (Amplify CWP Enhanced Dividend Income ETF) tracks Basket (Amplify Advanced Dividend Income ETF holdings) with a seeks to provide current income as the primary objective and capital appreciation as the secondary objective by investing at least 80% of net assets in dividend-paying u.s. exchange-traded equity securities while opportunistically utilizing covered call options on those securities. approach. They are issued by JPMorgan and Amplify ETFs respectively.
Can I hold both JEPQ and DIVO?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, JEPQ or DIVO?
JEPQ has an expense ratio of 0.35% while DIVO charges 0.56%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in JEPQ vs DIVO generate?
At current yields, $10,000 in JEPQ would generate roughly $88.17 per month ($1,058.00 annually). The same in DIVO would produce about $40.83 per month ($490.00 annually).
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