Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
JEPI has lagged QQQ over the trailing twelve months, posting a 6.92% total return against 24.14%. The lead holds up over 5 years too: QQQ has compounded at 16.22% a year, against 7.50% for JEPI. JEPI has been the steadier holding, though — annualized volatility of 10.1% against 20.4% for QQQ. Figures are total returns: price change plus every distribution reinvested.
Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 30, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since May 2020” measures every fund from May 21, 2020 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. 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 trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Side-by-side snapshot
Side-by-side snapshot. Each row is one metric;
each column is one fund.
Seeks monthly income and lower volatility than the broad U.S. large-cap market by combining an actively managed portfolio of equities with equity-linked notes that sell call options on the S&P 500 Index.
Track the Nasdaq-100 Index, which includes 100 of the largest non-financial Nasdaq stocks.
Bottom lineChoose JEPI if you want higher current income (7.93% vs 0.41% for QQQ). Choose QQQ if you want a growth tilt and can accept bigger swings for higher upside.
JEPI vs QQQ: S&P overlay cash or the Nasdaq-100?
Different index and different job. JEPI sells S&P 500-sleeve options. QQQ is the Nasdaq-100 with no overlay.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
JPMorgan is a major provider of ETFs spanning multiple asset classes and strategies, with particular strength in income-focused funds including their popular covered call strategy lineup. Their fund family encompasses broad categories including bond, equity, factor, income, index, international, municipal, and sector ETFs, providing investors with diverse exposure options across markets and investment styles. The issuer offers both core indexed strategies and actively managed solutions, serving investors seeking everything from traditional dividend income to sophisticated factor-based and thematic approaches.
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.
Invesco is a major ETF provider known for offering a comprehensive lineup spanning multiple asset classes and investment strategies. The company specializes in income-focused products including dividend, covered call, and bond strategies, while also maintaining broad exposure across equity, factor-based, thematic, and ESG investing themes. Invesco's portfolio ranges from index-tracking funds to alternatives and specialized offerings like digital assets and BulletShares, making it one of the more expansive ETF families available to investors.
See our curated list of related YouTube videos on QQQ.
JEPI (JPMorgan Equity Premium Income ETF) and QQQ (Invesco QQQ Trust) are both dividend ETFs, but they take different approaches.
JEPI offers the higher yield at 7.93% vs 0.41% for QQQ. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
QQQ is cheaper with an expense ratio of 0.18% compared to 0.35%.
QQQ is the larger fund by assets ($501B), but assets alone do not establish trading costs or liquidity.
Who should choose each?
Choose JEPI
JPMorgan Equity Premium Income ETF
Want higher current income — JEPI yields 7.93% vs 0.41% for QQQ.
Want broad equity exposure.
Prefer lower volatility — a beta of 0.4 vs 1.3 for QQQ.
Choose QQQ
Invesco QQQ Trust
Want a growth tilt and can accept larger swings for more upside.
Want to keep costs low — a 0.18% expense ratio vs 0.35% for JEPI.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Still deciding? Track JEPI & QQQ for free
Create a free Dividend Vision account to keep them on a watchlist, get notified when they declare dividends, and see how much income they would add to your portfolio.
On a $10,000 investment, JEPI would generate roughly $66.08 cash per distribution, while QQQ would produce $10.25 cash per distribution, at current distribution rates.
JEPI yield7.93%
QQQ yield0.41%
Cash diff on $10K$55.83
Cost & efficiency
Over 10 years on $10,000, JEPI would cost approximately $350 in fees vs $180 for QQQ (simplified, not compounded). The $170.00 difference may be offset by yield or performance.
JEPI ER0.35%
QQQ ER0.18%
Strategy & risk
JEPI is an actively managed ETF built around a derivative overlay strategy, while QQQ tracks Nasdaq-100 Index with a growth approach. Beta is 0.43 for JEPI and 1.26 for QQQ, making JEPI the less volatile of the two by this measure.
JEPI beta0.43
QQQ beta1.26
Fund details
JEPI is managed by JPMorgan (launched 05/20/2020) with $45.7B in assets. QQQ is managed by Invesco (launched 03/10/1999) with $501B in assets.
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Frequently asked questions
What is the difference between QQQ and JEPI?
QQQ (Invesco QQQ Trust) tracks the Nasdaq-100 and keeps the whole move, paying 0.41%. JEPI (JPMorgan Equity Premium Income ETF) holds a lower-volatility S&P 500 sleeve and sells options for monthly cash — 7.93%. Cost is 0.35% versus 0.18%. Different index and different job. Figures as of September 2026.
What is the current distribution rate for JEPI and QQQ?
JEPI currently distributes 7.93% and QQQ 0.41%, based on fund data updated September 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.
Is JEPI or QQQ better for dividend income?
It depends on your goals. JEPI 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.
Can I hold both JEPI and QQQ?
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.
Is JEPI or QQQ safer?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — QQQ scores 97, JEPI scores 75, so QQQ's payout currently looks the more resilient of the two. JEPI has also shown lower price volatility (beta 0.43 vs 1.26 for QQQ). No score makes an investment risk-free — treat this as a screening signal, not a guarantee.
Which has lower fees, JEPI or QQQ?
JEPI has an expense ratio of 0.35% while QQQ charges 0.18%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in JEPI vs QQQ generate?
At current rates, $10,000 in JEPI would generate roughly $66.08 cash per distribution ($793.00 annually). The same in QQQ would produce about $10.25 cash per distribution ($41.00 annually).
Which has performed better historically, JEPI or QQQ?
JEPI has lagged QQQ over the trailing twelve months, posting a 6.92% total return against 24.14%. The lead holds up over 5 years too: QQQ has compounded at 16.22% a year, against 7.50% for JEPI. JEPI has been the steadier holding, though — annualized volatility of 10.1% against 20.4% for QQQ. 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.
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