JEPI — JPMorgan Equity Premium Income ETF
Covered Call / Income Ranked #181 of 458 tracked ETFs · Issued by JPMorgan
JEPI Price Performance — Growth of $10,000
Value of a $10,000 investment in JEPI over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
JEPI Drawdown
The "underwater" chart: JEPI's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in JEPI?
See what a lump sum in JEPI would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
JPMorgan Equity Premium Income ETF is a covered call and income fund issued by JPMorgan with $45.3 billion in assets under management. It holds an overall rank of #181 out of 458 tracked ETFs and sits at #7 of 10 within its specific category. The fund carries an ETFValuer grade of C, reflecting a score of 64.8 out of 100. Its expense ratio of 0.35% is notably lower than the category median of 0.6%. Despite this cost advantage, the dividend yield of 8.08% trails the category median of 11.42%. The fund’s top ten holdings represent only 15.9% of its assets, with AbbVie, Inc. comprising the largest single position at 1.7%.
The fund’s price of $56.45 places it at 28.1% of its 52-week range, indicating it is closer to the lower end of recent trading levels. Short-term performance shows a slight decline over the last day and month, while the one-year return of 7.31% lags behind the category median of 16.68%. Longer-term results are stronger, with a three-year return of 33.88% demonstrating sustained growth over that horizon. The rating has remained unchanged at grade C across the last 35 tracked days. Historical price data is available for 3.0 years, providing a limited but established track record for analysis.
With a beta of 0.42, the fund exhibits lower sensitivity to overall market movements compared to the broader index. Annualized volatility is recorded at 8.11%, which is classified as Low for this asset class. The Sharpe ratio of 0.29 suggests modest risk-adjusted returns relative to the volatility experienced. Maximum drawdown has reached -13.26%, highlighting the extent of peak-to-trough losses during the measured period. Liquidity is robust, supported by an average daily volume of 4,414,684 shares.
AI-generated summary based on the data on this page.
JEPI Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | AbbVie, Inc. | 1.72% | $771M |
| 2 | Howmet Aerospace, Inc. | 1.68% | $753M |
| 3 | Johnson & Johnson | 1.66% | $741M |
| 4 | Eaton Corp. plc | 1.62% | $727M |
| 5 | Trane Technologies plc | 1.60% | $717M |
| 6 | Lam Research Corp. | 1.56% | $697M |
| 7 | NVIDIA Corp. | 1.52% | $678M |
| 8 | Apple, Inc. | 1.52% | $678M |
| 9 | Ross Stores, Inc. | 1.51% | $675M |
| 10 | Alphabet, Inc. | 1.50% | $671M |
Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 15.9% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how JEPI's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With JEPI
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with JEPI's top 10 — DLN overlaps most, holding 4 of the same companies as JEPI's top 10 (6.4% of JEPI's assets).
| ETF | Name | Shared Companies | JEPI Weight | Examples |
|---|---|---|---|---|
| DLN | WisdomTree U.S. LargeCap Dividend Fund | 4 | 6.4% | NVIDIA Corp., Apple, Inc., Johnson & Johnson… |
| SPMO | Invesco S&P 500 Momentum ETF | 4 | 6.2% | Alphabet, Inc., NVIDIA Corp., Johnson & Johnson… |
| JEPQ | JPMorgan Nasdaq Equity Premium Income ETF | 4 | 6.1% | NVIDIA Corp., Apple, Inc., Alphabet, Inc.… |
| XT | iShares Future Exponential Technologies ETF | 3 | 4.9% | NVIDIA Corp., Johnson & Johnson, AbbVie, Inc. |
| DGRO | iShares Core Dividend Growth ETF | 3 | 4.9% | Johnson & Johnson, AbbVie, Inc., Apple, Inc. |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 5.27% (as of 2026-10-06) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 15.01 (as of 2026-10-06) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What JEPI's Fees Cost You
JEPI charges an expense ratio of 0.35% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
JEPI Dividend Income Estimator
JEPI currently yields 8.08%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
JEPI Liquidity, Domicile & Tax Treatment
Liquidity: Average daily volume is 4.4M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $45.3B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: JEPI is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
JEPI Performance History
| Period | Return |
|---|---|
| 1-Day | -0.16% |
| 1-Week | +1.02% |
| 1-Month | -0.13% |
| 3-Month | +1.59% |
| 6-Month | +2.05% |
| YTD | +4.56% |
| 1-Year | +7.31% |
| 3-Year | +33.88% |
How JEPI Compares to Other Covered Call / Income ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #61 | B |
JEPQ | JPMorgan Nasdaq Equity Premium Income ETF | +19.83% | 0.35% | $44.3B |
| #88 | B |
GPIX | Goldman Sachs S&P 500 Premium Income ETF | +17.49% | 0.29% | $6.03B |
| #104 | B |
QYLD | Global X NASDAQ 100 Covered Call ETF | +23.04% | 0.6% | $8.48B |
| #105 | B |
XYLD | Global X S&P 500 Covered Call ETF | +18.14% | 0.6% | $3.38B |
| #133 | B |
SPYI | Neos S&P 500(R) High Income ETF | +15.87% | 0.68% | $12.2B |
| #178 | C |
QQQI | NEOS NASDAQ-100(R) High Income ETF | +19.15% | 0.68% | $14.9B |
| #181 | C |
JEPI | JPMorgan Equity Premium Income ETF | +7.31% | 0.35% | $45.3B |
| #226 | C |
RYLD | Global X Russell 2000 Covered Call ETF | +14.48% | 0.6% | $1.32B |
| #252 | C |
NUSI | NUSI | +12.59% | — | — |
| #390 | D |
TLTW | iShares 20+ Year Treasury Bond Buywrite Strategy ETF | -4.19% | 0.35% | $1.68B |