A head-to-head comparison of JPMorgan Equity Premium Income ETF and Defiance S&P 500 Target 30 Weekly Distribution ETF covering yield, cost, risk, and income potential.
Data updated August 5, 2026
Best for
JEPIInvestors who want broad equity exposure.
WDTEInvestors who want to maximize current income — roughly 29.08%, generated by selling options premium.
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.
Defiance ETFs is known for offering specialized and thematic investment strategies that cater to niche market segments and alternative income approaches. The issuer's lineup spans income-focused funds, leveraged strategies, combinations of leverage with income generation, and thematic products tied to emerging trends and sectors. Defiance emphasizes non-traditional and differentiated strategies rather than broad-based index exposure, appealing to investors seeking targeted exposure beyond conventional ETF offerings.
See our curated list of related YouTube videos on WDTE.
Defiance S&P 500 Target 30 Weekly Distribution ETF
Issuer
JPMorgan
Defiance ETFs
Last Close
$57.51 as of August 5, 2026
$30.13 as of August 5, 2026
Distribution yield
7.65%
29.08%
Distribution Safety Score™
75
74
Expense ratio
0.35%
1.03%
AUM
$45.8B
$65.5M
Distribution frequency
Monthly
Weekly
Underlying index
SPX
S&P 500
Objective
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.
Actively managed fund that seeks weekly income while maintaining indirect exposure to the S&P 500 Index, subject to a limit on potential gains from increases in the index.
Asset class
Equity
Equity
Inception date
05/20/2020
07/16/2024
Beta
0.43
0.7932
Last dividend
$0.3666
$0.1685
Ex-dividend date
08/03/2026
07/30/2026
Bottom lineChoose JEPI if you want broad equity exposure. Choose WDTE if you want to maximize current income — roughly 29.08%, generated by selling options premium. There's no free lunch: WDTE's payout comes from selling options, which caps upside and can erode the share price over time, while JEPI keeps full price exposure.
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
JEPI has lagged WDTE over the trailing twelve months, posting a 10.10% total return against 20.15%. The lead holds up over 3 years too: WDTE has compounded at 14.80% a year, against 9.25% for JEPI. JEPI has been the steadier holding, though — annualized volatility of 10.1% against 14.0% for WDTE. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of August 5, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Sep 2023” measures every fund from September 19, 2023 — the youngest fund's first trading day — 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.
Quick verdict
JEPI (JPMorgan Equity Premium Income ETF) and WDTE (Defiance S&P 500 Target 30 Weekly Distribution ETF) are both dividend ETFs, but they take different approaches.
WDTE offers the higher yield at 29.08% vs 7.65% 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 1.03%.
They track different benchmarks: JEPI is linked to SPX while WDTE tracks S&P 500, which means their performance drivers differ.
JEPI is the larger fund by assets ($45.8B), which generally means tighter spreads and better 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 1.03% for WDTE.
Prefer lower volatility — a beta of 0.4 vs 0.8 for WDTE.
Choose WDTE
Defiance S&P 500 Target 30 Weekly Distribution ETF
Want to maximize current income — WDTE distributes roughly 29.08% from selling options premium, vs 7.65% 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 & WDTE for free
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On a $10,000 investment, JEPI would generate roughly $63.75/month, while WDTE would produce $242.33/month, at current distribution rates.
JEPI yield7.65%
WDTE yield29.08%
Monthly diff on $10K$178.58
Cost & efficiency
Over 10 years on $10,000, JEPI would cost approximately $350 in fees vs $1,030 for WDTE (simplified, not compounded). The $680.00 difference may be offset by yield or performance.
JEPI ER0.35%
WDTE ER1.03%
Strategy & risk
JEPI tracks SPX with a covered call approach, while WDTE tracks S&P 500 with an options approach. Beta is 0.43 for JEPI and 0.7932 for WDTE, indicating JEPI is less volatile relative to the market.
JEPI beta0.43
WDTE beta0.7932
Fund details
JEPI is managed by JPMorgan (launched 05/20/2020) with $45.8B in assets. WDTE is managed by Defiance ETFs (launched 07/16/2024) with $65.5M in assets.
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Frequently asked questions
What is the current distribution yield for JEPI and WDTE?
JEPI currently distributes 7.65% and WDTE 29.08%, based on fund data updated August 2026. Distribution yield moves with both the payout and the share price, so check the as-of date before relying on either figure.
Is JEPI or WDTE better for dividend income?
It depends on your goals. WDTE 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.
What is the difference between JEPI and WDTE?
JEPI (JPMorgan Equity Premium Income ETF) tracks SPX with a covered call approach, while WDTE (Defiance S&P 500 Target 30 Weekly Distribution ETF) tracks S&P 500 with an options approach. They are issued by JPMorgan and Defiance ETFs respectively.
Can I hold both JEPI and WDTE?
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.
Which has lower fees, JEPI or WDTE?
JEPI has an expense ratio of 0.35% while WDTE charges 1.03%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in JEPI vs WDTE generate?
At current rates, $10,000 in JEPI would generate roughly $63.75 per month ($765.00 annually). The same in WDTE would produce about $242.33 per month ($2,908.00 annually).
Which has performed better historically, JEPI or WDTE?
JEPI has lagged WDTE over the trailing twelve months, posting a 10.10% total return against 20.15%. The lead holds up over 3 years too: WDTE has compounded at 14.80% a year, against 9.25% for JEPI. JEPI has been the steadier holding, though — annualized volatility of 10.1% against 14.0% for WDTE. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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