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.
State Street Global Advisors (SSGA) is one of the largest ETF providers globally, known for its flagship SPDR suite of exchange-traded products that serve both institutional and retail investors across a broad range of asset classes. Their 88-fund lineup spans diverse strategies including sector exposure (Select Sector SPDR), income generation (Income and Select Sector SPDR Premium Income families), commodities (including the widely-held GLD gold ETF), bonds, ESG-focused investments, and thematic allocations, with popular tickers like DIA (Diamonds Trust), FEZ (Eurozone exposure), and JNK (high-yield bonds) among their most recognized funds. The issuer is characterized by its comprehensive coverage across multiple market segments and its emphasis on both traditional index-based products and specialized strategies like covered call income funds and factor-based investing.
See our curated list of related YouTube videos on SPY.
Bottom lineChoose JEPQ if you want to maximize current income — roughly 12.69%, generated by selling options premium. Choose SPY if you want simple, diversified core exposure in one low-cost fund. There's no free lunch: JEPQ's payout comes from selling options, which caps upside and can erode the share price over time, while SPY keeps full price exposure.
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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 SPY (SPDR S&P 500 ETF Trust) are both dividend ETFs, but they take different approaches.
JEPQ offers the higher yield at 12.69% vs 1.01% for SPY. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SPY is cheaper with an expense ratio of 0.10% compared to 0.35%.
They track different benchmarks: JEPQ is linked to NASDAQ 100 while SPY tracks S&P 500 Index, which means their performance drivers differ.
SPY is the larger fund by assets ($783B), 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 1.01% for SPY.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Prefer lower volatility — a beta of 0.8 vs 1.0 for SPY.
Choose SPY
SPDR S&P 500 ETF Trust
Want simple, diversified core exposure as a portfolio building block.
Want to keep costs low — a 0.10% 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 SPY would produce $8.42/month, at current distribution rates.
JEPQ yield12.69%
SPY yield1.01%
Monthly diff on $10K$97.33
Cost & efficiency
Over 10 years on $10,000, JEPQ would cost approximately $350 in fees vs $100 for SPY (simplified, not compounded). The $250.00 difference may be offset by yield or performance.
JEPQ ER0.35%
SPY ER0.10%
Strategy & risk
JEPQ tracks NASDAQ 100 with a covered call approach, while SPY tracks S&P 500 Index with a large cap approach. Beta is 0.78 for JEPQ and 1.0 for SPY, indicating JEPQ is less volatile relative to the market.
JEPQ beta0.78
SPY beta1.0
Fund details
JEPQ is managed by JPMorgan (launched 05/03/2022) with $39.0B in assets. SPY is managed by State Street (launched 01/22/1993) with $783B in assets.
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Frequently asked questions
Is JEPQ or SPY 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 SPY?
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) tracks NASDAQ 100 with a covered call approach, while SPY (SPDR S&P 500 ETF Trust) tracks S&P 500 Index with a large cap approach. They are issued by JPMorgan and State Street respectively.
Can I hold both JEPQ and SPY?
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 SPY?
JEPQ has an expense ratio of 0.35% while SPY charges 0.10%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in JEPQ vs SPY generate?
At current rates, $10,000 in JEPQ would generate roughly $105.75 per month ($1,269.00 annually). The same in SPY would produce about $8.42 per month ($101.00 annually).
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