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 ROCY over the year to date, posting a 5.80% total return against 14.13%. JEPI has been the steadier holding, though — annualized volatility of 7.7% against 10.4% for ROCY. 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 16, 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 Mar 2026” measures every fund from March 19, 2026 — 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 shared window since Mar 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 Mar 2026) — 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.
Designed to deliver current yield while maintaining prospects for capital appreciation and total return.
Bottom lineChoose JEPI if you want equity-linked notes for call-option exposure. Choose ROCY if you want a covered-call overlay and will review its coverage. JEPI and ROCY 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.
Active equities with different options strategies
Both funds are actively managed. ROCY uses laddered call spreads, not passive index tracking.
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 and ROCY.
JEPI (JPMorgan Equity Premium Income ETF) and ROCY (JPMorgan Equity Premium Yield ETF) are both monthly-pay dividend ETFs, but they take different approaches.
JEPI offers the higher yield at 7.18% vs 6.68% for ROCY. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
JEPI is the larger fund by assets ($45.6B), but assets alone do not establish trading costs or liquidity.
Who should choose each?
Choose JEPI
JPMorgan Equity Premium Income ETF
Want equity-linked notes as the option-income approach; review holdings and issuer disclosures.
Want higher current income — JEPI yields 7.18% vs 6.68% for ROCY.
Want broad equity exposure.
Prefer lower volatility — a beta of 0.4 vs 0.8 for ROCY.
Choose ROCY
JPMorgan Equity Premium Yield ETF
Want a covered-call overlay as the option-income approach; review holdings and issuer disclosures.
Want broad equity exposure.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Still deciding? Track JEPI & ROCY 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 $59.83 cash per distribution, while ROCY would produce $55.67 cash per distribution, at current distribution rates. Both pay monthly distributions.
JEPI yield7.18%
ROCY yield6.68%
Cash diff on $10K$4.17
Cost & efficiency
Over 10 years on $10,000, JEPI would cost approximately $350 in fees vs $350 for ROCY (simplified, not compounded). Both charge the same expense ratio.
JEPI ER0.35%
ROCY ER0.35%
Strategy & risk
JEPI is an actively managed ETF built around a derivative overlay strategy, while ROCY combines actively managed equities with laddered call spreads. Beta is 0.42 for JEPI and 0.7639 for ROCY, making JEPI the less volatile of the two by this measure.
JEPI beta0.42
ROCY beta0.7639
Fund details
JEPI is managed by JPMorgan (launched 05/20/2020) with $45.6B in assets. ROCY is managed by JPMorgan (launched 03/19/2026) with $812M in assets.
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Frequently asked questions
What is the difference between JEPI and ROCY?
JEPI (JPMorgan Equity Premium Income ETF) is JPMorgan's equity premium income fund. ROCY (JPMorgan Equity Premium Yield ETF) combines active equities with laddered call spreads. Both are actively managed; ROCY is not a passive S&P 500 tracker. Cost is 0.35% versus 0.35%; size is $45.6B versus $812M. Distributions are 7.18% and 6.68% as of October 2026. Design and track record, not a yield gap, split them.
What is the current distribution rate for JEPI and ROCY?
JEPI currently distributes 7.18% and ROCY 6.68%, 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 ROCY 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 ROCY?
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 ROCY safer?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — JEPI scores 73, ROCY scores 50, so JEPI's payout currently looks the more resilient of the two. JEPI has also shown lower price volatility (beta 0.42 vs 0.76 for ROCY). No score makes an investment risk-free — treat this as a screening signal, not a guarantee.
Which has lower fees, JEPI or ROCY?
JEPI and ROCY both charge the same expense ratio of 0.35%, so neither is cheaper on fees — pick based on yield, strategy, or underlying index instead.
How much income does $10,000 in JEPI vs ROCY generate?
At current rates, $10,000 in JEPI would generate roughly $59.83 cash per distribution ($718.00 annually). The same in ROCY would produce about $55.67 cash per distribution ($668.00 annually).
Which has performed better historically, JEPI or ROCY?
JEPI has lagged ROCY over the year to date, posting a 5.80% total return against 14.13%. JEPI has been the steadier holding, though — annualized volatility of 7.7% against 10.4% for ROCY. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
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