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ETF Comparison

JEPQ vs QQQM: Which Is the Better Pick in 2026?

A head-to-head comparison of JPMorgan Nasdaq Equity Premium Income ETF and Invesco NASDAQ 100 ETF covering yield, cost, risk, and income potential.

Data updated July 15, 2026

ETFs74
Total AUM$282B

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.

ETFs256
Total AUM$971B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Invesco is a major player in the ETF space known for offering a broad, diversified lineup of 71 funds spanning multiple investment themes and strategies. Their portfolio spans income-focused funds, factor-based equity strategies, commodity exposure, digital assets, ESG investing, and the popular Invesco QQQ family tracking the Nasdaq-100, serving both income-seeking and growth-oriented investors. The issuer is particularly recognized for specialized offerings like BulletShares (laddered bond funds), sector rotation strategies, and thematic investing options, making it a comprehensive choice for investors seeking varied exposures beyond traditional index funds.

See our curated list of related YouTube videos on QQQM.

Side-by-side snapshot

JEPQQQQM
Full nameJPMorgan Nasdaq Equity Premium Income ETFInvesco NASDAQ 100 ETF
IssuerJPMorganInvesco
Last Close$60.19 as of July 15, 2026$296.31 as of July 15, 2026
Distribution yield12.69%0.48%
Distribution Safety Score 9096
Expense ratio0.35%0.15%
AUM$39.0B$96.8B
Distribution frequencyMonthlyQuarterly
Underlying indexNASDAQ 100NASDAQ-100 Index
ObjectiveCovered CallTrack the NASDAQ-100 Index with a lower expense ratio alternative to QQQ.
Asset classEquityEquity
Inception date05/03/202210/13/2020
Beta0.781.18
Last dividend$0.6366$0.3520
Ex-dividend date07/01/202606/22/2026

Bottom lineChoose JEPQ if you want to maximize current income — roughly 12.69%, generated by selling options premium. Choose QQQM if you want a growth tilt and can accept bigger swings for higher upside. There's no free lunch: JEPQ's payout comes from selling options, which caps upside and can erode the share price over time, while QQQM keeps full price exposure.

Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Quick verdict

JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and QQQM (Invesco NASDAQ 100 ETF) are both dividend ETFs, but they take different approaches.

JEPQ offers the higher yield at 12.69% vs 0.48% for QQQM. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

QQQM is cheaper with an expense ratio of 0.15% compared to 0.35%.

They track different benchmarks: JEPQ is linked to NASDAQ 100 while QQQM tracks NASDAQ-100 Index, which means their performance drivers differ.

QQQM is the larger fund by assets ($96.8B), which generally means tighter spreads and better liquidity.

Who should choose each?

Choose JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

  • Want to maximize current income — JEPQ distributes roughly 12.69% from selling options premium, vs 0.48% for QQQM.
  • Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
  • Prefer lower volatility — a beta of 0.8 vs 1.2 for QQQM.

Choose QQQM

Invesco NASDAQ 100 ETF

  • Want a growth tilt and can accept larger swings for more upside.
  • Want to keep costs low — a 0.15% expense ratio vs 0.35% for JEPQ.

Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.

Deep dive

Yield & income

On a $10,000 investment, JEPQ would generate roughly $105.75/month, while QQQM would produce $4.00/month, at current distribution rates.

JEPQ yield12.69%
QQQM yield0.48%
Monthly diff on $10K$101.75

Cost & efficiency

Over 10 years on $10,000, JEPQ would cost approximately $350 in fees vs $150 for QQQM (simplified, not compounded). The $200.00 difference may be offset by yield or performance.

JEPQ ER0.35%
QQQM ER0.15%

Strategy & risk

JEPQ tracks NASDAQ 100 with a covered call approach, while QQQM tracks NASDAQ-100 Index with a growth approach. Beta is 0.78 for JEPQ and 1.18 for QQQM, indicating JEPQ is less volatile relative to the market.

JEPQ beta0.78
QQQM beta1.18

Fund details

JEPQ is managed by JPMorgan (launched 05/03/2022) with $39.0B in assets. QQQM is managed by Invesco (launched 10/13/2020) with $96.8B in assets.

JEPQ AUM$39.0B
QQQM AUM$96.8B

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Frequently asked questions

Is JEPQ or QQQM 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 QQQM?

JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) tracks NASDAQ 100 with a covered call approach, while QQQM (Invesco NASDAQ 100 ETF) tracks NASDAQ-100 Index with a growth approach. They are issued by JPMorgan and Invesco respectively.

Can I hold both JEPQ and QQQM?

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 QQQM?

JEPQ has an expense ratio of 0.35% while QQQM charges 0.15%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in JEPQ vs QQQM generate?

At current rates, $10,000 in JEPQ would generate roughly $105.75 per month ($1,269.00 annually). The same in QQQM would produce about $4.00 per month ($48.00 annually).

More comparisons to explore

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