ETF Comparison
JEPI vs JEPQ vs ROCQ vs ROCY: Which Is the Better Pick in 2026?
A side-by-side comparison of JPMorgan Equity Premium Income ETF, JPMorgan Nasdaq Equity Premium Income ETF, JPMorgan Nasdaq Equity Premium Yield ETF and JPMorgan Equity Premium Yield ETF covering yield, cost, risk, and income potential.
Data updated April 9, 2026
Side-by-side snapshot
| JEPI | JEPQ | ROCQ | ROCY | |
|---|---|---|---|---|
| Full name | JPMorgan Equity Premium Income ETF | JPMorgan Nasdaq Equity Premium Income ETF | JPMorgan Nasdaq Equity Premium Yield ETF | JPMorgan Equity Premium Yield ETF |
| Issuer | JPMorgan | JPMorgan | JPMorgan | JPMorgan |
| Price | $56.52 | $55.92 | $49.80 | $49.95 |
| Distribution yield | 8.40% | 11.11% | — | — |
| Expense ratio | 0.35% | 0.35% | 0.35% | 0.35% |
| AUM | $44.0B | $34.3B | $105M | $105M |
| Distribution frequency | Monthly | Monthly | Monthly | Monthly |
| Underlying index | SPX | NASDAQ 100 | NASDAQ 100 | S&P 500 |
| Objective | Covered Call | Covered Call | Covered Call | Covered Call |
| Asset class | Equity | Equity | Equity | Equity |
| Inception date | 05/20/2020 | 05/03/2022 | 03/19/2026 | 03/19/2026 |
| Beta | 0.54 | 0.78 | 0.0 | 0.0 |
| Last dividend | $0.42 | $0.56 | — | — |
| Ex-dividend date | 04/01/2026 | 04/01/2026 | — | — |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
JEPI (JPMorgan Equity Premium Income ETF), JEPQ (JPMorgan Nasdaq Equity Premium Income ETF), ROCQ (JPMorgan Nasdaq Equity Premium Yield ETF), ROCY (JPMorgan Equity Premium Yield ETF) are popular dividend ETFs that take different approaches.
JEPQ offers the highest yield at 11.11%, followed by JEPI at 8.40%, ROCQ at , ROCY at .
JEPI is the cheapest with an expense ratio of 0.35%, compared to 0.35% for JEPQ and 0.35% for ROCQ and 0.35% for ROCY.
JEPI is the largest fund by assets ($44.0B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment: JEPI generates ~$70.00/month, JEPQ generates ~$92.58/month, ROCQ generates ~$0.00/month, ROCY generates ~$0.00/month at current distribution rates.
Cost & efficiency
Over 10 years on $10,000: JEPI costs ~$350, JEPQ costs ~$350, ROCQ costs ~$350, ROCY costs ~$350 in fees (simplified, not compounded).
Strategy & risk
JEPI tracks SPX with a covered call approach; JEPQ tracks NASDAQ 100 with a covered call approach; ROCQ tracks NASDAQ 100 with a covered call approach; ROCY tracks S&P 500 with a covered call approach.
Fund details
JEPI is managed by JPMorgan (launched 05/20/2020) with $44.0B in assets. JEPQ is managed by JPMorgan (launched 05/03/2022) with $34.3B in assets. ROCQ is managed by JPMorgan (launched 03/19/2026) with $105M in assets. ROCY is managed by JPMorgan (launched 03/19/2026) with $105M in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Which of JEPI, JEPQ, ROCQ, and ROCY is best for dividend income?
It depends on your goals. JEPQ currently offers the highest 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 JEPI, JEPQ, ROCQ, and ROCY?
JEPI (JPMorgan Equity Premium Income ETF) tracks SPX with a covered call strategy, issued by JPMorgan. JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) tracks NASDAQ 100 with a covered call strategy, issued by JPMorgan. ROCQ (JPMorgan Nasdaq Equity Premium Yield ETF) tracks NASDAQ 100 with a covered call strategy, issued by JPMorgan. ROCY (JPMorgan Equity Premium Yield ETF) tracks S&P 500 with a covered call strategy, issued by JPMorgan.
Can I hold JEPI, JEPQ, ROCQ, and ROCY together?
Yes. Many income investors hold multiple dividend ETFs to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has the lowest fees among JEPI, JEPQ, ROCQ, and ROCY?
JEPI has an expense ratio of 0.35%, JEPQ has an expense ratio of 0.35%, ROCQ has an expense ratio of 0.35%, ROCY has an expense ratio of 0.35%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 generate in each?
$10,000 in JEPI yields ~$70.00/month ($840.00/year). $10,000 in JEPQ yields ~$92.58/month ($1,111.00/year). $10,000 in ROCQ yields ~$0.00/month ($0.00/year). $10,000 in ROCY yields ~$0.00/month ($0.00/year).
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