JEPI — JPMorgan Equity Premium Income ETF
Covered Call / Income Ranked #239 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
The JPMorgan Equity Premium Income ETF (Ticker: JEPI) is a Covered Call / Income ETF, issued by JPMorgan. It is positioned as the second most popular ETF in its category, with 10 other ETFs tracked by ETFValuer. The fund has an overall rank of #239 among 458 tracked ETFs, indicating a moderate standing. ETFValuer has assigned it a grade of C, reflecting a score of 60.8/100. With an expense ratio of 0.35%, the fund is relatively cost-effective, and its dividend yield of 7.97% provides a strong income stream. The fund's price of $57.92 and assets under management (AUM) of $45.8B suggest substantial investor adoption, given its position in the market.
The JPMorgan Equity Premium Income ETF has shown a mix of short-term and long-term performance trends. Over the past year, the fund has delivered a return of 9.89%, while over the past three years, it has gained 33.20%. This indicates a positive trend over the long term, with a slight deceleration in the most recent year. Short-term performance has been more volatile, with a 1-day return of +0.35% and a 1-week return of -0.17%. However, the 1-month and 3-month returns of +3.32% and +5.39%, respectively, suggest a recovery in the short term. The year-to-date return of +5.94% and the 1-year return of +9.89% further support the fund's overall positive performance trajectory.
The JPMorgan Equity Premium Income ETF is labeled as having a 'Very Low' volatility, which suggests that the fund is relatively stable and less prone to large price fluctuations compared to more volatile funds. Its beta of 0.43 indicates a lower sensitivity to market movements, implying that the fund is less likely to experience significant price swings during market upswings or downturns. The Sharpe ratio of 0.61 suggests that the fund provides a reasonable risk-adjusted return, meaning that for the level of risk it takes, it offers a decent reward. The maximum drawdown of -13.26% indicates that the fund has experienced a significant decline in value at some point, but it has not been as severe as some other funds. Overall, these figures imply that the fund is suitable for investors seeking a stable income stream with limited exposure to market volatility.
AI-generated summary based on the data on this page.
JEPI Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Johnson & Johnson | 1.74% | $767M |
| 2 | Ross Stores, Inc. | 1.71% | $751M |
| 3 | EOG Resources, Inc. | 1.69% | $742M |
| 4 | NextEra Energy, Inc. | 1.64% | $722M |
| 5 | Howmet Aerospace, Inc. | 1.59% | $699M |
| 6 | AbbVie, Inc. | 1.56% | $685M |
| 7 | RTX Corp. | 1.51% | $662M |
| 8 | Walmart, Inc. | 1.43% | $631M |
| 9 | PepsiCo, Inc. | 1.43% | $629M |
| 10 | Eaton Corp. plc | 1.43% | $627M |
Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 15.7% 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 — VTV overlaps most, holding 3 of the same companies as JEPI's top 10 (4.7% of JEPI's assets).
| ETF | Name | Shared Companies | JEPI Weight | Examples |
|---|---|---|---|---|
| VTV | Vanguard Morningstar Value ETF | 3 | 4.7% | Johnson & Johnson, Walmart, Inc., AbbVie, Inc. |
| DGRO | iShares Core Dividend Growth ETF | 2 | 3.3% | Johnson & Johnson, AbbVie, Inc. |
| VYM | Vanguard High Dividend Yield Index Fund ETF Shares | 2 | 3.3% | Johnson & Johnson, AbbVie, Inc. |
| HDV | iShares Core High Dividend ETF | 2 | 3.3% | Johnson & Johnson, AbbVie, Inc. |
| VHT | Vanguard Health Care Index Fund ETF Shares | 2 | 3.3% | Johnson & Johnson, AbbVie, 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: 4.69% (as of 2026-08-20) — 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): 16.01 (as of 2026-08-20) — 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: 3.63% (as of 2026-07-01) — 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 7.97%. 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: Quoted bid/ask spread is 0.04% and average daily volume is 4.8M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $45.8B 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 | +0.35% |
| 1-Week | -0.17% |
| 1-Month | +3.32% |
| 3-Month | +5.39% |
| 6-Month | +1.48% |
| YTD | +5.94% |
| 1-Year | +9.89% |
| 3-Year | +33.20% |
How JEPI Compares to Other Covered Call / Income ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #157 | B |
GPIX | Goldman Sachs S&P 500 Premium Income ETF | +20.66% | 0.29% | $5.06B |
| #165 | C |
QYLD | Global X NASDAQ 100 Covered Call ETF | +23.85% | 0.6% | $8.09B |
| #176 | B |
XYLD | Global X S&P 500 Covered Call ETF | +19.16% | 0.6% | $3.24B |
| #183 | C |
JEPQ | JPMorgan Nasdaq Equity Premium Income ETF | +21.36% | 0.35% | $39.9B |
| #214 | C |
RYLD | Global X Russell 2000 Covered Call ETF | +23.85% | 0.6% | $1.37B |
| #225 | C |
SPYI | Neos S&P 500(R) High Income ETF | +18.34% | 0.68% | $11.1B |
| #239 | C |
JEPI | JPMorgan Equity Premium Income ETF | +9.89% | 0.35% | $45.8B |
| #327 | C |
QQQI | NEOS NASDAQ-100(R) High Income ETF | +19.39% | 0.68% | $13.4B |
| #377 | D |
NUSI | NEOS Nasdaq-100 Hedged Equity Income ETF | +12.59% | 0.68% | $324M |
| #394 | D |
TLTW | iShares 20+ Year Treasury Bond Buywrite Strategy ETF | +2.95% | 0.35% | $1.84B |