A head-to-head comparison of JPMorgan Nasdaq Equity Premium Income ETF and JPMorgan Equity Premium Yield 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 offers a focused lineup of two income-focused ETFs designed to generate current yield through option-writing strategies. The firm's ETF portfolio centers on equity income products, with JEPI (Equity Premium Income ETF) and JEPQ (Nasdaq-100 Equity Premium Income ETF) serving as its flagship offerings that employ covered call strategies on U.S. equities. These funds represent JPMorgan's specialization in systematic income generation for investors seeking regular distributions alongside equity exposure.
See our curated list of related YouTube videos on JEPQ and ROCY.
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and ROCY (JPMorgan Equity Premium Yield ETF) are both monthly-pay dividend ETFs, but they take different approaches.
ROCY offers the higher yield at 12.37% vs 10.68% for JEPQ. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
They track different benchmarks: JEPQ is linked to NASDAQ 100 while ROCY tracks S&P 500, which means their performance drivers differ.
JEPQ has $37.7B in assets vs $136M for ROCY, but ROCY only launched March 2026 — AUM comparisons will become more meaningful as it builds a track record.
Deep dive
Yield & income
On a $10,000 investment, JEPQ would generate roughly $89.00/month, while ROCY would produce $103.08/month, at current distribution rates. Both pay monthly distributions.
JEPQ yield10.68%
ROCY yield12.37%
Monthly diff on $10K$14.08
Cost & efficiency
Over 10 years on $10,000, JEPQ would cost approximately $350 in fees vs $350 for ROCY (simplified, not compounded). Both charge the same expense ratio.
JEPQ ER0.35%
ROCY ER0.35%
Strategy & risk
JEPQ tracks NASDAQ 100 with a covered call approach, while ROCY tracks S&P 500 using a covered call strategy.
JEPQ beta0.76
ROCY beta—
Fund details
JEPQ is managed by JPMorgan (launched 05/03/2022) with $37.7B in assets. ROCY is managed by JPMorgan (launched 03/19/2026) with $136M in assets.
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Frequently asked questions
Is JEPQ or ROCY better for dividend income?
It depends on your goals. ROCY 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 ROCY?
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) tracks NASDAQ 100 with a covered call strategy, while ROCY (JPMorgan Equity Premium Yield ETF) tracks S&P 500 with a covered call approach. They are issued by JPMorgan and JPMorgan respectively.
Can I hold both JEPQ and ROCY?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, JEPQ or ROCY?
JEPQ 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 JEPQ vs ROCY generate?
At current rates, $10,000 in JEPQ would generate roughly $89.00 per month ($1,068.00 annually). The same in ROCY would produce about $103.08 per month ($1,237.00 annually).
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