ETF Comparison
JEPQ vs VOO: Which Is the Better Pick in 2026?
A head-to-head comparison of JPMorgan Nasdaq Equity Premium Income ETF and Vanguard S&P 500 ETF covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| JEPQ | VOO | |
|---|---|---|
| Full name | JPMorgan Nasdaq Equity Premium Income ETF | Vanguard S&P 500 ETF |
| Issuer | JPMorgan | Vanguard |
| Price | $55.52 | $602.30 |
| Distribution yield | 10.58% | 1.12% |
| Expense ratio | 0.35% | 0.03% |
| AUM | $34.6B | $1512.9B |
| Distribution frequency | Monthly | Quarterly |
| Underlying index | NASDAQ 100 | S&P 500 Index |
| Objective | Covered Call | Track the performance of the S&P 500 Index, representing 500 of the largest U.S. companies. |
| Asset class | Equity | Equity |
| Inception date | 05/03/2022 | 09/07/2010 |
| Beta | 0.79 | 1.0 |
| Last dividend | $0.56 | $1.87 |
| Ex-dividend date | 04/01/2026 | 03/27/2026 |
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 VOO (Vanguard S&P 500 ETF) are both popular monthly-pay covered call ETFs, but they take different approaches.
JEPQ offers the higher yield at 10.58% vs 1.12% for VOO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
VOO is cheaper with an expense ratio of 0.03% compared to 0.35%.
They track different benchmarks: JEPQ is linked to NASDAQ 100 while VOO tracks S&P 500 Index, which means their performance drivers differ.
VOO is the larger fund by assets ($1512.9B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, JEPQ would generate roughly $88.17/month while VOO would produce $9.33/month at current distribution rates. Both pay monthly distributions.
Cost & efficiency
Over 10 years on $10,000, JEPQ would cost approximately $350 in fees vs $30 for VOO (simplified, not compounded). The $320.00 difference may be offset by yield or performance.
Strategy & risk
JEPQ tracks NASDAQ 100 with a covered call approach, while VOO tracks S&P 500 Index using a track the performance of the s&p 500 index, representing 500 of the largest u.s. companies. strategy. Beta is 0.79 for JEPQ and 1.0 for VOO, indicating JEPQ is less volatile relative to the market.
Fund details
JEPQ is managed by JPMorgan (launched 05/03/2022) with $34.6B in assets. VOO is managed by Vanguard (launched 09/07/2010) with $1512.9B in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is JEPQ or VOO 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 VOO?
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) tracks NASDAQ 100 with a covered call strategy, while VOO (Vanguard S&P 500 ETF) tracks S&P 500 Index with a track the performance of the s&p 500 index, representing 500 of the largest u.s. companies. approach. They are issued by JPMorgan and Vanguard respectively.
Can I hold both JEPQ and VOO?
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 VOO?
JEPQ has an expense ratio of 0.35% while VOO charges 0.03%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in JEPQ vs VOO generate?
At current yields, $10,000 in JEPQ would generate roughly $88.17 per month ($1,058.00 annually). The same in VOO would produce about $9.33 per month ($112.00 annually).
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