A head-to-head comparison of JPMorgan Equity Premium Income ETF and VegaShares SPX NDX RTY 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.
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 JEPI.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
VegaShares operates a focused suite of two income-focused ETFs designed to generate regular distributions through options strategies and dividend investing. The firm's lineup includes ODTE and VAIE, both emphasizing yield generation for investors seeking regular cash flow. With a specialized niche in options-based and dividend income strategies, VegaShares targets investors prioritizing distributions over capital appreciation.
See our curated list of related YouTube videos on ODTE.
Bottom lineChoose JEPI if you are comfortable trading away most upside for a large, steady payout. Choose ODTE if you want to maximize current income — roughly 14.92%, generated by selling options premium. There's no free lunch: ODTE's payout comes from selling options, which caps upside and can erode the share price over time, while JEPI keeps full price exposure.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
JEPI has lagged ODTE over the year to date, posting a 4.37% total return against 7.07%. JEPI has been the steadier holding, though — annualized volatility of 7.8% against 15.2% for ODTE. 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 31, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Apr 2026” measures every fund from April 6, 2026 — 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 shared window since Apr 2026. 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 shared window since Apr 2026) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
JEPI (JPMorgan Equity Premium Income ETF) and ODTE (VegaShares SPX NDX RTY Premium Income ETF) are both dividend ETFs, but they take different approaches.
ODTE offers the higher yield at 14.92% vs 8.09% for JEPI. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
JEPI is cheaper with an expense ratio of 0.35% compared to 0.76%.
They track different benchmarks: JEPI is linked to SPX while ODTE tracks S&P 500, Nasdaq-100, Russell 2000, which means their performance drivers differ.
JEPI has $45.3B in assets vs $3.08M for ODTE, but ODTE only launched April 2026 — AUM comparisons will become more meaningful as it builds a track record.
Who should choose each?
Choose JEPI
JPMorgan 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 0.76% for ODTE.
Prefer an established track record — ODTE only launched April 2026.
Choose ODTE
VegaShares SPX NDX RTY Premium Income ETF
Want to maximize current income — ODTE distributes roughly 14.92% from selling options premium, vs 8.09% for JEPI.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
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On a $10,000 investment, JEPI would generate roughly $67.42/month, while ODTE would produce $124.33/month, at current distribution rates.
JEPI yield8.09%
ODTE yield14.92%
Monthly diff on $10K$56.92
Cost & efficiency
Over 10 years on $10,000, JEPI would cost approximately $350 in fees vs $760 for ODTE (simplified, not compounded). The $410.00 difference may be offset by yield or performance.
JEPI ER0.35%
ODTE ER0.76%
Strategy & risk
JEPI tracks SPX with a covered call approach, while ODTE tracks S&P 500, Nasdaq-100, Russell 2000 with a covered call approach.
JEPI beta0.43
ODTE beta—
Fund details
JEPI is managed by JPMorgan (launched 05/20/2020) with $45.3B in assets. ODTE is managed by VegaShares (launched 04/03/2026) with $3.08M in assets.
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Frequently asked questions
Is JEPI or ODTE better for dividend income?
It depends on your goals. ODTE 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 JEPI and ODTE?
JEPI (JPMorgan Equity Premium Income ETF) tracks SPX with a covered call approach, while ODTE (VegaShares SPX NDX RTY Premium Income ETF) tracks S&P 500, Nasdaq-100, Russell 2000 with a covered call approach. They are issued by JPMorgan and VegaShares respectively.
Can I hold both JEPI and ODTE?
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, JEPI or ODTE?
JEPI has an expense ratio of 0.35% while ODTE charges 0.76%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in JEPI vs ODTE generate?
At current rates, $10,000 in JEPI would generate roughly $67.42 per month ($809.00 annually). The same in ODTE would produce about $124.33 per month ($1,492.00 annually).
Which has performed better historically, JEPI or ODTE?
JEPI has lagged ODTE over the year to date, posting a 4.37% total return against 7.07%. JEPI has been the steadier holding, though — annualized volatility of 7.8% against 15.2% for ODTE. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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