ETF Comparison
JEPI vs QYLD vs RYLD vs XYLD: Which Is the Better Pick 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.
Data updated April 5, 2026
Side-by-side snapshot
| JEPI | QYLD | RYLD | XYLD | |
|---|---|---|---|---|
| Full name | JPMorgan Equity Premium Income ETF | Global X Nasdaq 100 Covered Call ETF | Global X Russell 2000 Covered Call ETF | Global X S&P 500 Covered Call ETF |
| Issuer | JPMorgan | Global X | Global X | Global X |
| Price | $56.41 | $17.25 | $15.01 | $39.31 |
| Distribution yield | 7.91% | 11.62% | 11.64% | 10.58% |
| Expense ratio | 0.35% | 0.60% | 0.60% | 0.60% |
| AUM | $45.0B | $8.3B | $1.3B | $3.2B |
| Distribution frequency | Monthly | Monthly | Monthly | Monthly |
| Underlying index | SPX | NASDAQ 100 | Russell 2000 | S&P 500 Index |
| Objective | Covered Call | Covered Call | Covered Call | Covered Call |
| Asset class | Equity | Equity | Equity | Equity |
| Inception date | 05/20/2020 | 12/11/2013 | 04/18/2019 | 06/24/2013 |
| Beta | 0.51 | 0.51 | 0.52 | 0.4 |
| Last dividend | $0.42 | $0.17 | $0.15 | $0.39 |
| Ex-dividend date | 04/01/2026 | 03/23/2026 | 03/23/2026 | 03/23/2026 |
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), 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 popular dividend ETFs that take different approaches.
RYLD offers the highest yield at 11.64%, followed by QYLD at 11.62%, XYLD at 10.58%, JEPI at 7.91%.
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 ($45.0B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment: JEPI generates ~$65.92/month, QYLD generates ~$96.83/month, RYLD generates ~$97.00/month, XYLD generates ~$88.17/month at current distribution rates.
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).
Strategy & risk
JEPI tracks SPX with a covered call approach; QYLD tracks NASDAQ 100 with a covered call approach; RYLD tracks Russell 2000 with a covered call approach; XYLD tracks S&P 500 Index with a covered call approach.
Fund details
JEPI is managed by JPMorgan (launched 05/20/2020) with $45.0B in assets. QYLD is managed by Global X (launched 12/11/2013) with $8.3B in assets. RYLD is managed by Global X (launched 04/18/2019) with $1.3B in assets. XYLD is managed by Global X (launched 06/24/2013) with $3.2B 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, QYLD, RYLD, and XYLD is best for dividend income?
It depends on your goals. RYLD 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, QYLD, RYLD, and XYLD?
JEPI (JPMorgan Equity Premium Income ETF) tracks SPX with a covered call strategy, issued by JPMorgan. QYLD (Global X Nasdaq 100 Covered Call ETF) tracks NASDAQ 100 with a covered call strategy, issued by Global X. RYLD (Global X Russell 2000 Covered Call ETF) tracks Russell 2000 with a covered call strategy, issued by Global X. XYLD (Global X S&P 500 Covered Call ETF) tracks S&P 500 Index with a covered call strategy, issued by Global X.
Can I hold JEPI, QYLD, RYLD, and XYLD 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, 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 ~$65.92/month ($791.00/year). $10,000 in QYLD yields ~$96.83/month ($1,162.00/year). $10,000 in RYLD yields ~$97.00/month ($1,164.00/year). $10,000 in XYLD yields ~$88.17/month ($1,058.00/year).
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