A head-to-head comparison of JPMorgan Nasdaq Equity Premium Income ETF and Amplify CWP Dividend & Option Income ETF covering yield, cost, risk, and income potential.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
JPMorgan operates a diverse ETF lineup of 46 funds spanning bond, equity, factor, income, index, international, money market, municipal, and sector strategies, establishing itself as a broad-based player across multiple asset classes and investment approaches. The issuer is particularly known for its income-focused offerings, including popular tickers like JEPI (Equity Premium Income) and JEPQ (Equity Premium Income ETF), which employ covered call and options strategies to generate distributions. JPMorgan's portfolio ranges from core index and fixed income funds to specialized sector and international equity ETFs, positioning the firm to serve both income-seeking and growth-oriented investors across diversified markets.
See our curated list of related YouTube videos on JEPQ.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Amplify ETFs is known for offering thematic and specialized investment solutions across 22 funds, ranging from digital assets and commodities to dividend and income-focused strategies. Their lineup emphasizes yield generation and alternative themes, with notable funds including DIVO (Amplify Dividend Rotation Fund), HACK (Amplify Cybersecurity ETF), and SWAN (Amplify BlackSwan Growth ETF), alongside crypto-related funds like BITY and SOLM. The issuer distinguishes itself through niche sector exposure and their proprietary YieldSmart technology platform designed to optimize income strategies.
See our curated list of related YouTube videos on QDVO.
U.S. large-cap value / dividend equities with a covered call overlay
Objective
Covered Call
Seeks to provide high monthly income with the potential for capital appreciation by investing in quality U.S. dividend-paying equities and writing covered call options on those holdings.
Asset class
Equity
Equity
Inception date
05/03/2022
08/21/2024
Beta
0.78
0.9338
Last dividend
$0.6366
$0.2660
Ex-dividend date
07/01/2026
06/29/2026
Bottom lineChoose JEPQ if you want to maximize current income — roughly 12.69%, generated by selling options premium. Choose QDVO if you are comfortable trading away most upside for a large, steady payout.
Most used
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and QDVO (Amplify CWP Dividend & Option Income ETF) are both monthly-pay dividend ETFs, but they take different approaches.
JEPQ offers the higher yield at 12.69% vs 10.64% for QDVO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
JEPQ is cheaper with an expense ratio of 0.35% compared to 0.56%.
They track different benchmarks: JEPQ is linked to NASDAQ 100 while QDVO tracks U.S. large-cap value / dividend equities with a covered call overlay, which means their performance drivers differ.
JEPQ is the larger fund by assets ($39.0B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, JEPQ would generate roughly $105.75/month, while QDVO would produce $88.67/month, at current distribution rates. Both pay monthly distributions.
JEPQ yield12.69%
QDVO yield10.64%
Monthly diff on $10K$17.08
Cost & efficiency
Over 10 years on $10,000, JEPQ would cost approximately $350 in fees vs $560 for QDVO (simplified, not compounded). The $210.00 difference may be offset by yield or performance.
JEPQ ER0.35%
QDVO ER0.56%
Strategy & risk
JEPQ tracks NASDAQ 100 with a covered call approach, while QDVO tracks U.S. large-cap value / dividend equities with a covered call overlay with an active approach. Beta is 0.78 for JEPQ and 0.9338 for QDVO, indicating JEPQ is less volatile relative to the market.
JEPQ beta0.78
QDVO beta0.9338
Fund details
JEPQ is managed by JPMorgan (launched 05/03/2022) with $39.0B in assets. QDVO is managed by Amplify ETFs (launched 08/21/2024) with $713M in assets.
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Frequently asked questions
Is JEPQ or QDVO better for dividend income?
It depends on your goals. JEPQ 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 JEPQ and QDVO?
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) tracks NASDAQ 100 with a covered call approach, while QDVO (Amplify CWP Dividend & Option Income ETF) tracks U.S. large-cap value / dividend equities with a covered call overlay with an active approach. They are issued by JPMorgan and Amplify ETFs respectively.
Can I hold both JEPQ and QDVO?
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, JEPQ or QDVO?
JEPQ has an expense ratio of 0.35% while QDVO charges 0.56%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in JEPQ vs QDVO generate?
At current rates, $10,000 in JEPQ would generate roughly $105.75 per month ($1,269.00 annually). The same in QDVO would produce about $88.67 per month ($1,064.00 annually).
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