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 QQQI over the trailing twelve months, posting a 8.04% total return against 17.85%. Measured from Jan 2024 — the start of shared available history — QQQI has compounded at 20.48% a year versus 8.71% for JEPI. JEPI has been the steadier holding, though — annualized volatility of 8.1% against 16.7% for QQQI. 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 October 9, 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 Jan 2024” measures every fund from January 30, 2024 — 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 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.
Distribution rate and SEC yield
Metric
JEPI
QQQI
Forward distribution rate
7.22%
13.52%
Trailing 12-month yield
8.04%
13.58%
30-day SEC yield
—
-0.06%
Total return (price change plus reinvested distributions) is the Total returns section above. A 30-day SEC yield can sit far from the headline distribution rate; both numbers are the fund's own published fields.
Total return against the stated underlying is on QQQI vs QQQ.
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.
Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation.
Bottom lineChoose JEPI if you want broad equity exposure. Choose QQQI if you want to maximize current income — roughly 13.52%, generated by selling options premium. JEPI and QQQI both use option or derivative overlays. Their tradeoff is the underlying exposure, how each option strategy is implemented, and the yield each targets; either overlay can limit upside participation, so neither offers uncapped price exposure.
How the risk works
Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.
Capped upside and premium dependence. QQQI generates income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.
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.
NEOS is known for developing specialized income-focused ETFs that employ strategies like covered calls, hedging, and enhanced yields across various asset classes. The firm manages 19 funds organized into nine distinct families, including offerings in equity high income, fixed income enhancement, digital assets, and alternative strategies, with popular tickers like SPYI (S&P 500 covered call), QQQI (Nasdaq-100 covered call), and QQQH (Nasdaq-100 hedged equity income). NEOS distinguishes itself in the ETF landscape through its emphasis on income generation and downside protection strategies rather than traditional growth approaches.
See our curated list of related YouTube videos on QQQI.
JEPI (JPMorgan Equity Premium Income ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both monthly-pay dividend ETFs, but they take different approaches.
QQQI offers the higher yield at 13.52% vs 7.22% 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 0.68%.
JEPI is the larger fund by assets ($45.3B), but assets alone do not establish trading costs or liquidity.
Who should choose each?
Choose JEPI
JPMorgan Equity Premium Income ETF
Want broad equity exposure.
Want to keep costs low — a 0.35% expense ratio vs 0.68% for QQQI.
Prefer lower volatility — a beta of 0.4 vs 1.1 for QQQI.
Choose QQQI
NEOS Nasdaq-100 High Income ETF
Want to maximize current income — QQQI distributes roughly 13.52% from selling options premium, vs 7.22% 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.
Still deciding? Track JEPI & QQQI 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 $60.17 cash per distribution, while QQQI would produce $112.67 cash per distribution, at current distribution rates. Both pay monthly distributions.
JEPI yield7.22%
QQQI yield13.52%
Cash diff on $10K$52.50
Cost & efficiency
Over 10 years on $10,000, JEPI would cost approximately $350 in fees vs $680 for QQQI (simplified, not compounded). The $330.00 difference may be offset by yield or performance.
JEPI ER0.35%
QQQI ER0.68%
Strategy & risk
JEPI is an actively managed ETF built around a derivative overlay strategy, while QQQI is actively managed around Nasdaq-100 exposure with an active approach. Beta is 0.42 for JEPI and 1.0553 for QQQI, making JEPI the less volatile of the two by this measure.
JEPI beta0.42
QQQI beta1.0553
Fund details
JEPI is managed by JPMorgan (launched 05/20/2020) with $45.3B in assets. QQQI is managed by NEOS (launched 01/29/2024) with $15.1B in assets.
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Frequently asked questions
What is the difference between QQQI and JEPI?
QQQI (NEOS Nasdaq-100 High Income ETF) overlays Nasdaq-100 for Nasdaq-100 income. JEPI (JPMorgan Equity Premium Income ETF) overlays a lower-vol S&P 500 sleeve. Cost is 0.68% versus 0.35%; distributions are 13.52% and 7.22% as of October 2026. Index risk, not a one-date yield, is the decision.
What is the current distribution rate for JEPI and QQQI?
JEPI currently distributes 7.22% and QQQI 13.52%, based on fund data updated October 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 QQQI better for dividend income?
It depends on your goals. QQQI 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 QQQI?
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 QQQI safer?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — QQQI scores 84, JEPI scores 75, so QQQI's payout currently looks the more resilient of the two. JEPI has also shown lower price volatility (beta 0.42 vs 1.06 for QQQI). No score makes an investment risk-free — treat this as a screening signal, not a guarantee, and the leverage, options-income, or crypto caveats flagged on this page apply regardless of score.
Which has lower fees, JEPI or QQQI?
JEPI has an expense ratio of 0.35% while QQQI charges 0.68%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in JEPI vs QQQI generate?
At current rates, $10,000 in JEPI would generate roughly $60.17 cash per distribution ($722.00 annually). The same in QQQI would produce about $112.67 cash per distribution ($1,352.00 annually).
Which has performed better historically, JEPI or QQQI?
JEPI has lagged QQQI over the trailing twelve months, posting a 8.04% total return against 17.85%. Measured from Jan 2024 — the start of shared available history — QQQI has compounded at 20.48% a year versus 8.71% for JEPI. JEPI has been the steadier holding, though — annualized volatility of 8.1% against 16.7% for QQQI. 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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