A head-to-head comparison of JPMorgan Nasdaq Equity Premium Income ETF and iShares 0-3 Month Treasury Bond ETF covering yield, cost, risk, and income potential.
Data updated August 5, 2026
Best for
JEPQInvestors who want to maximize current income — roughly 14.25%, generated by selling options premium.
SGOVInvestors who 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 JEPQ.
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.
Seeks monthly income by combining an actively managed portfolio of equities drawn largely from the Nasdaq-100 Index with equity-linked notes that sell call options on that benchmark.
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.
Asset class
Equity
Fixed Income
Inception date
05/03/2022
05/26/2020
Beta
0.78
-0.0029
Last dividend
$0.7050
$0.3070
Ex-dividend date
08/03/2026
08/03/2026
Bottom lineChoose JEPQ if you want to maximize current income — roughly 14.25%, generated by selling options premium. Choose SGOV if you want fixed-income ballast that steadies the portfolio when stocks fall. There's no free lunch: JEPQ's payout comes from selling options, which caps upside and can erode the share price over time, while SGOV keeps full price exposure.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
JEPQ has outpaced SGOV over the trailing twelve months, posting a 21.54% total return against 3.86%. The lead holds up over 3 years too: JEPQ has compounded at 19.02% a year, against 4.64% for SGOV. SGOV has been the steadier holding, though — annualized volatility of 0.2% against 15.7% for JEPQ. 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 May 2022” measures every fund from May 4, 2022 — 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
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both monthly-pay dividend ETFs, but they take different approaches.
JEPQ offers the higher yield at 14.25% vs 3.67% 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 0.07% compared to 0.35%.
They track different benchmarks: JEPQ is linked to NASDAQ 100 while SGOV tracks ICE 0-3 Month US Treasury Securities Index, which means their performance drivers differ.
SGOV is the larger fund by assets ($99.9B), 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 14.25% from selling options premium, vs 3.67% for SGOV.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Choose SGOV
iShares 0-3 Month Treasury Bond ETF
Want fixed-income ballast that cushions equity drawdowns.
Want to keep costs low — a 0.07% expense ratio vs 0.35% for JEPQ.
Prefer lower volatility — a beta of -0.0 vs 0.8 for JEPQ.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Still deciding? Track JEPQ & SGOV for free
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On a $10,000 investment, JEPQ would generate roughly $118.75/month, while SGOV would produce $30.58/month, at current distribution rates. Both pay monthly distributions.
JEPQ yield14.25%
SGOV yield3.67%
Monthly diff on $10K$88.17
Cost & efficiency
Over 10 years on $10,000, JEPQ would cost approximately $350 in fees vs $70 for SGOV (simplified, not compounded). The $280.00 difference may be offset by yield or performance.
JEPQ ER0.35%
SGOV ER0.07%
Strategy & risk
JEPQ tracks NASDAQ 100 with a covered call approach, while SGOV tracks ICE 0-3 Month US Treasury Securities Index with a bonds approach. Beta is 0.78 for JEPQ and -0.0029 for SGOV, indicating SGOV is less volatile relative to the market.
JEPQ beta0.78
SGOV beta-0.0029
Fund details
JEPQ is managed by JPMorgan (launched 05/03/2022) with $39.9B in assets. SGOV is managed by iShares (launched 05/26/2020) with $99.9B in assets.
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Frequently asked questions
What is the current distribution yield for JEPQ and SGOV?
JEPQ currently distributes 14.25% and SGOV 3.67%, 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 JEPQ or SGOV 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 SGOV?
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) tracks NASDAQ 100 with a covered call approach, while SGOV (iShares 0-3 Month Treasury Bond ETF) tracks ICE 0-3 Month US Treasury Securities Index with a bonds approach. They are issued by JPMorgan and iShares respectively.
Can I hold both JEPQ 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.
Which has lower fees, JEPQ or SGOV?
JEPQ has an expense ratio of 0.35% while SGOV charges 0.07%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in JEPQ vs SGOV generate?
At current rates, $10,000 in JEPQ would generate roughly $118.75 per month ($1,425.00 annually). The same in SGOV would produce about $30.58 per month ($367.00 annually).
Which has performed better historically, JEPQ or SGOV?
JEPQ has outpaced SGOV over the trailing twelve months, posting a 21.54% total return against 3.86%. The lead holds up over 3 years too: JEPQ has compounded at 19.02% a year, against 4.64% for SGOV. SGOV has been the steadier holding, though — annualized volatility of 0.2% against 15.7% for JEPQ. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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