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 outpaced SGOV over the trailing twelve months, posting a 6.92% total return against 3.74%. The lead holds up over 5 years too: JEPI has compounded at 7.50% a year, against 3.78% for SGOV. SGOV has been the steadier holding, though — annualized volatility of 0.2% against 10.1% for JEPI. 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 28, 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.
Short T-bill ETFs, from our catalog
SGOV tracks ICE 0-3 Month US Treasury Securities Index and pays monthly at a forward distribution rate of 3.66% with an expense ratio of 0.09%.
BIL, another short Treasury ETF in this catalog, tracks Bloomberg 1-3 Month U.S. Treasury Bill Index at a forward distribution rate of 3.66% (Monthly) with an expense ratio of 0.1353%.
These are interest-like cash rates, not equity dividends. A covered-call or dividend ETF can pay more, and it can also lose principal.
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 track an index of U.S. Treasury obligations maturing in three months or less, investing at least 90% of assets in U.S. Treasury securities.
Bottom lineChoose JEPI if you want higher current income (7.93% vs 3.66% for SGOV). Choose SGOV if you want fixed-income ballast that steadies the portfolio when stocks fall.
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.
iShares is one of the largest ETF providers globally, known for offering a broad, diversified lineup of exchange-traded funds across multiple asset classes and investment strategies. The company operates 215 funds spanning 15 distinct families, including popular offerings in dividend income, covered call strategies, bonds, equities, ESG-focused investments, and factor-based approaches, with widely-held tickers like AGG (bond), ACWI (global equity), and AOA (allocation). iShares is characterized by its comprehensive fund ecosystem that serves both core portfolio holdings and specialized investment strategies, making it a prominent player for investors seeking both traditional and alternative income-generating ETF solutions.
See our curated list of related YouTube videos on SGOV.
JEPI (JPMorgan Equity Premium Income ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both monthly-pay dividend ETFs, but they take different approaches.
JEPI offers the higher yield at 7.93% vs 3.66% for SGOV. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SGOV is cheaper with an expense ratio of 0.09% compared to 0.35%.
SGOV is the larger fund by assets ($112B), 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 3.66% for SGOV.
Want broad equity exposure.
Choose SGOV
iShares 0-3 Month Treasury Bond ETF
Want fixed-income ballast that cushions equity drawdowns.
Want to keep costs low — a 0.09% expense ratio vs 0.35% for JEPI.
Prefer lower volatility — a beta of -0.0 vs 0.4 for JEPI.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Still deciding? Track JEPI & SGOV 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 SGOV would produce $30.50 cash per distribution, at current distribution rates. Both pay monthly distributions.
JEPI yield7.93%
SGOV yield3.66%
Cash diff on $10K$35.58
Cost & efficiency
Over 10 years on $10,000, JEPI would cost approximately $350 in fees vs $90 for SGOV (simplified, not compounded). The $260.00 difference may be offset by yield or performance.
JEPI ER0.35%
SGOV ER0.09%
Strategy & risk
JEPI is an actively managed ETF built around a derivative overlay strategy, while SGOV tracks ICE 0-3 Month US Treasury Securities Index with a bonds approach. Beta is 0.43 for JEPI and -0.0029 for SGOV, making SGOV the less volatile of the two by this measure.
JEPI beta0.43
SGOV beta-0.0029
Fund details
JEPI is managed by JPMorgan (launched 05/20/2020) with $45.7B in assets. SGOV is managed by iShares (launched 05/26/2020) with $112B in assets.
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Frequently asked questions
Is JEPI or SGOV closer to a T-bill?
SGOV (iShares 0-3 Month Treasury Bond ETF) holds short Treasuries and distributes 3.66% monthly at a 0.09% expense ratio. JEPI (JPMorgan Equity Premium Income ETF) is covered-call equity income at 7.93%, so the higher rate can come with equity drawdowns. Figures are as of September 2026.
What is the current distribution rate for JEPI and SGOV?
JEPI currently distributes 7.93% and SGOV 3.66%, 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 SGOV 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 SGOV?
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 SGOV safer?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — SGOV scores 78, JEPI scores 75, so SGOV's payout currently looks the more resilient of the two. SGOV has also shown lower price volatility (beta -0.00 vs 0.43 for JEPI). No score makes an investment risk-free — treat this as a screening signal, not a guarantee.
Which has lower fees, JEPI or SGOV?
JEPI has an expense ratio of 0.35% while SGOV charges 0.09%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in JEPI vs SGOV generate?
At current rates, $10,000 in JEPI would generate roughly $66.08 cash per distribution ($793.00 annually). The same in SGOV would produce about $30.50 cash per distribution ($366.00 annually).
Which has performed better historically, JEPI or SGOV?
JEPI has outpaced SGOV over the trailing twelve months, posting a 6.92% total return against 3.74%. The lead holds up over 5 years too: JEPI has compounded at 7.50% a year, against 3.78% for SGOV. SGOV has been the steadier holding, though — annualized volatility of 0.2% against 10.1% for JEPI. 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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