Compare/Updated Oct 26, 2026, refreshed every trading day
JEPI vs JEPQ
JPMorgan Equity Premium Income ETF against JPMorgan Nasdaq Equity Premium Income ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
JEPQ did substantially better over the period: $1,000 invested on October 28, 2022 grew to $2,115, versus $1,452 for JEPI, a 111.5% gain compared with 45.2%. JEPQ also led over one, three, six, and twelve months, as well as year to date, winning 32 of the last 48 months. The trade-off was higher risk: JEPQ’s 12-month volatility was 14.9%, compared with 7.9% for JEPI, and its worst drawdown was -20.1% versus -13.3% for JEPI. The funds had a 0.751 correlation of daily moves, but JEPI moved only 0.48% for each 1% move in JEPQ. Both charged a 0.35% expense ratio, while fund assets were $43B for JEPQ and $46B for JEPI.
- Price is above its 200-day average ($56); 50-day at $57.
- RSI 52, neutral. Supertrend says buy. ADX 23, so the trend is developing.
- Price is above its 200-day average ($56); 50-day at $59.
- RSI 36, neutral. Supertrend says sell. ADX 29, so the trend is strong.
Head to head
Which has returned more, JEPI or JEPQ?
JEPI beat JEPQ in 16 of the last 48 months; JEPQ won the other 32. The typical monthly gap was 2.05 points.
Total return by period
Which is riskier?
Both: Feb 19, 2025 to Apr 8, 2025
- 0.751
- correlation of daily moves, 4 years
- 0.48
- JEPI move per 1% in JEPQ
- 0.516
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 2.05 points.
When did they diverge?
| Month | JEPI | JEPQ | Gap |
|---|---|---|---|
| July 2026 | +2.4% | -4.2% | +6.61 pts |
| May 2026 | -1.9% | +4.2% | -6.14 pts |
| May 2023 | -1.7% | +4.3% | -6.07 pts |
| September 2026 | -1.6% | +4.1% | -5.70 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
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