JEPI vs QYLD vs RYLD vs XYLD: Which Fits Each Goal in 2026?
A side-by-side comparison of JPMorgan Equity Premium Income ETF, Global X Nasdaq 100 Covered Call ETF, Global X Russell 2000 Covered Call ETF and Global X S&P 500 Covered Call ETF covering yield, cost, risk, and income potential.
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.
QYLD tops the group over the trailing twelve months with a 23.05% total return, against JEPI at 7.92%, RYLD at 15.08% and XYLD at 18.24%. Across the 5-year window, QYLD has the strongest compounding at 9.09% a year. 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 8, 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.
Distribution rate and SEC yield
Metric
JEPI
QYLD
RYLD
XYLD
Forward distribution rate
7.23%
11.36%
11.42%
8.49%
Trailing 12-month yield
8.05%
11.42%
12.07%
10.32%
30-day SEC yield
—
0.02%
0.60%
0.48%
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.
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 monthly income by tracking the Cboe Nasdaq-100 BuyWrite Index, holding the Nasdaq-100 stocks and writing a succession of one-month at-the-money covered call options on the index.
Seeks monthly income by tracking an index that holds the Russell 2000 stocks and writes a succession of one-month at-the-money covered call options on the index.
Seeks monthly income by tracking the Cboe S&P 500 BuyWrite Index, investing at least 80% of total assets in the index securities or instruments with similar economic characteristics.
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. QYLD, RYLD, and XYLD generate 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.
Global X is known for offering a diverse lineup of thematic and income-focused ETFs that cater to both traditional and alternative investment strategies. Their fund families span income generation through covered call strategies and SuperDividend funds, alongside thematic exposure in areas like digital assets, robotics, and emerging markets, complemented by bond and commodities offerings. The issuer provides broad coverage across sector-specific, risk-managed, and growth-oriented strategies, making their lineup particularly notable for investors seeking specialized exposure beyond conventional equity and fixed-income categories.
See our curated list of related YouTube videos on QYLD, RYLD and XYLD.
JEPI (JPMorgan Equity Premium Income ETF), QYLD (Global X Nasdaq 100 Covered Call ETF), RYLD (Global X Russell 2000 Covered Call ETF), XYLD (Global X S&P 500 Covered Call ETF) are dividend ETFs that take different approaches.
RYLD offers the highest reported yield at 11.42%, followed by QYLD at 11.36%, XYLD at 8.49%, JEPI at 7.23%.
JEPI is the cheapest with an expense ratio of 0.35%, compared to 0.60% for QYLD and 0.60% for RYLD and 0.60% for XYLD.
JEPI is the largest fund by assets ($45.3B), but assets alone do not establish trading costs or liquidity.
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On a $10,000 investment: JEPI generates ~$60.25 cash per distribution, QYLD generates ~$94.67 cash per distribution, RYLD generates ~$95.17 cash per distribution, XYLD generates ~$70.75 cash per distribution at current distribution rates.
JEPI yield7.23%
QYLD yield11.36%
RYLD yield11.42%
XYLD yield8.49%
Cost & efficiency
Over 10 years on $10,000: JEPI costs ~$350, QYLD costs ~$600, RYLD costs ~$600, XYLD costs ~$600 in fees (simplified, not compounded).
JEPI ER0.35%
QYLD ER0.60%
RYLD ER0.60%
XYLD ER0.60%
Strategy & risk
JEPI is an actively managed ETF built around a derivative overlay strategy; QYLD tracks Cboe Nasdaq-100 BuyWrite V2 Index with a covered call approach; RYLD tracks Cboe Russell 2000 BuyWrite Index with a covered call approach; XYLD tracks Cboe S&P 500 BuyWrite Index with a covered call approach.
JEPI beta0.42
QYLD beta0.46
RYLD beta0.55
XYLD beta0.37
Fund details
JEPI is managed by JPMorgan (launched 05/20/2020) with $45.3B in assets. QYLD is managed by Global X (launched 12/11/2013) with $8.51B in assets. RYLD is managed by Global X (launched 04/17/2019) with $1.32B in assets. XYLD is managed by Global X (launched 06/21/2013) with $3.40B in assets.
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Frequently asked questions
Which of JEPI, QYLD, RYLD, and XYLD is best for dividend income?
It depends on your goals. RYLD currently offers the highest reported distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility, and funds without an established distribution history have no comparable yield to evaluate. Consider your time horizon and risk tolerance.
What is the difference between JEPI, QYLD, RYLD, and XYLD?
JEPI (JPMorgan Equity Premium Income ETF) is an actively managed ETF built around a derivative overlay strategy, issued by JPMorgan. QYLD (Global X Nasdaq 100 Covered Call ETF) tracks Cboe Nasdaq-100 BuyWrite V2 Index with a covered call approach, issued by Global X. RYLD (Global X Russell 2000 Covered Call ETF) tracks Cboe Russell 2000 BuyWrite Index with a covered call approach, issued by Global X. XYLD (Global X S&P 500 Covered Call ETF) tracks Cboe S&P 500 BuyWrite Index with a covered call approach, issued by Global X.
Can I hold JEPI, QYLD, RYLD, and XYLD together?
Yes — nothing prevents holding them together. 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 of JEPI, QYLD, RYLD and XYLD is safest?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — QYLD scores 83, XYLD scores 79, JEPI scores 75, RYLD scores 73, so QYLD's payout currently looks the more resilient of the group. XYLD has also shown lower price volatility (beta 0.37 vs 0.55 for RYLD). 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 the lowest fees among JEPI, QYLD, RYLD, and XYLD?
JEPI has an expense ratio of 0.35%, QYLD has an expense ratio of 0.60%, RYLD has an expense ratio of 0.60%, XYLD has an expense ratio of 0.60%. 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 ~$60.25 cash per distribution ($723.00/year). $10,000 in QYLD yields ~$94.67 cash per distribution ($1,136.00/year). $10,000 in RYLD yields ~$95.17 cash per distribution ($1,142.00/year). $10,000 in XYLD yields ~$70.75 cash per distribution ($849.00/year).
Explore related screeners
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