JEPQ — JPMorgan Nasdaq Equity Premium Income ETF
Covered Call / Income Ranked #61 of 458 tracked ETFs · Issued by JPMorgan
JEPQ Price Performance — Growth of $10,000
Value of a $10,000 investment in JEPQ 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.
JEPQ Drawdown
The "underwater" chart: JEPQ'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 JEPQ?
See what a lump sum in JEPQ 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 Nasdaq Equity Premium Income ETF is a covered call and income fund issued by JPMorgan with $44.3 billion in assets under management. It holds a B grade, ranking first among the 10 ETFs in its category and 61st out of 458 tracked funds overall. Its 0.35% expense ratio sits below the category median of 0.6%, while its 11.24% dividend yield is slightly lower than the 11.42% median. The fund’s top ten holdings represent 41.6% of assets, with NVIDIA Corp. as the largest single position at 6.6%.
The fund’s price of $61.27 sits at 94.5% of its 52-week range, reflecting strong recent momentum. Short-term returns show acceleration, with the one-month gain of 3.33% leading to a 15.34% year-to-date increase. Over the longer term, the one-year return of 19.83% outperformed the category median of 16.68%, and the three-year total return stands at 78.22%. This performance contributed to an upgrade from a C to a B grade on September 9, 2026. The analysis is based on 3.0 years of available price history.
With a beta of 0.80, the fund exhibits lower sensitivity to market movements compared to the broader index. Annualized volatility of 14.80% is classified as low, contributing to a Sharpe ratio of 1.00. The maximum drawdown recorded was -20.07%, indicating the peak-to-trough decline during the observation period. High liquidity is evident from an average daily volume of 6,224,304 shares, facilitating ease of trading.
AI-generated summary based on the data on this page.
JEPQ Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | NVIDIA Corp. | 6.59% | $2.68B |
| 2 | Apple, Inc. | 5.74% | $2.34B |
| 3 | Micron Technology, Inc. | 5.50% | $2.24B |
| 4 | Alphabet, Inc. | 4.98% | $2.02B |
| 5 | Microsoft Corp. | 3.84% | $1.56B |
| 6 | Advanced Micro Devices, Inc. | 3.81% | $1.55B |
| 7 | Amazon.com, Inc. | 3.62% | $1.47B |
| 8 | Lam Research Corp. | 2.85% | $1.16B |
| 9 | Tesla, Inc. | 2.36% | $958M |
| 10 | Meta Platforms, Inc. | 2.35% | $953M |
Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 41.6% 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 JEPQ's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With JEPQ
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with JEPQ's top 10 — QQQ overlaps most, holding 8 of the same companies as JEPQ's top 10 (36.4% of JEPQ's assets).
| ETF | Name | Shared Companies | JEPQ Weight | Examples |
|---|---|---|---|---|
| QQQ | Invesco QQQ Trust | 8 | 36.4% | NVIDIA Corp., Apple, Inc., Alphabet, Inc.… |
| QQQM | Invesco NASDAQ 100 ETF | 8 | 36.4% | NVIDIA Corp., Apple, Inc., Alphabet, Inc.… |
| QQQI | NEOS NASDAQ-100(R) High Income ETF | 8 | 36.4% | NVIDIA Corp., Apple, Inc., Alphabet, Inc.… |
| QYLD | Global X NASDAQ 100 Covered Call ETF | 8 | 36.4% | NVIDIA Corp., Apple, Inc., Alphabet, Inc.… |
| VTI | Vanguard Morningstar Total Stock Market ETF | 8 | 35.0% | NVIDIA Corp., Apple, Inc., Alphabet, 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 JEPQ's Fees Cost You
JEPQ 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.
JEPQ Dividend Income Estimator
JEPQ currently yields 11.24%. 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.
JEPQ Liquidity, Domicile & Tax Treatment
Liquidity: Average daily volume is 6.2M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $44.3B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: JEPQ 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.
JEPQ Performance History
| Period | Return |
|---|---|
| 1-Day | +0.03% |
| 1-Week | +0.95% |
| 1-Month | +3.33% |
| 3-Month | +5.11% |
| 6-Month | +14.23% |
| YTD | +15.34% |
| 1-Year | +19.83% |
| 3-Year | +78.22% |
How JEPQ 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 |