ISPY vs JEPI: Yield, Cost and Returns Compared
As of Nov 9, 2026, JEPI yields more: 7.47% (dividend yield) against 5.61% for ISPY. JEPI is cheaper to own at 0.35% a year vs 0.55%. Over the same 2 years (Dec 2023 to Oct 2026), ISPY returned 15.2% a year with distributions reinvested, and JEPI 9.7%.
ISPYProShares S&P 500 High Income ETF5.61%dividend yield
JEPIJPMorgan Equity Premium Income ETF7.47%dividend yield| Compared | ISPY | JEPI |
|---|---|---|
| YieldDividend yield | 5.61% | 7.47% |
| Expense ratio | 0.55% | 0.35% |
| Total return, 1 yr | +8.4% | +9.6% |
| Total return, 3 yr (a year) | — | +11.5% |
| Total return, 5 yr (a year) | — | +7.4% |
| Worst drop since Dec 2023 | -9.6% | -5.7% |
| Share price since Dec 2023 | +17% | +5% |
| Pays | Monthly | Monthly |
| Issuer | ProShares | JPMorgan |
| Assets | $1.1B | $46.2B |
| Started | 2023 | 2020 |
| Type | Derivative Income | Derivative Income |
Higher yield
JEPI
7.47%
Lower cost
JEPI
0.35%
Better total return
ISPY
15.2%/yr
Smaller worst drop
JEPI
-5.7%
Key facts: ISPY vs JEPI
Data as of · Source: SmarterDividends data
- As of Nov 9, 2026, ISPY yields 5.61% (dividend yield) and JEPI yields 7.47% (dividend yield).
- ISPY's expense ratio is 0.55% and JEPI's is 0.35%: $55 vs $35 a year on $10,000.
- From Dec 2023 to Oct 2026, $10,000 in ISPY grew to $14,921 (15.2% a year) and $10,000 in JEPI to $12,990 (9.7% a year), distributions reinvested.
- Their worst month-end drops over that time: -9.6% for ISPY and -5.7% for JEPI.
- 2 of ISPY's top ten holdings are also in JEPI's top ten, an overlap of at least 4% of the fund.
Cite this page
SmarterDividends, "ISPY vs JEPI: Yield, Cost and Returns Compared," updated Nov 9, 2026, https://smarterdividends.com/compare/ispy-vs-jepi
$10,000 in each, Dec 2023 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
ISPY became
$14,921
15.2% a year
JEPI became
$12,990
9.7% a year
Year by year
| Year | ISPY | JEPI |
|---|---|---|
| 2025 | +13.1% | +8.1% |
| 2024 | +21.3% | +12.6% |
Total return each calendar year, distributions reinvested.
Top holdings
2 of the top ten overlap, at least 4% of each fund.
ISPY
- IQMM ProShares GENIUS Money Market ETF13.2%
- AAPL Apple Inc6.5%
- NVDA NVIDIA Corp6.4%
- MSFT Microsoft Corp5.0%
- AMZN Amazon.com Inc3.0%
- GOOGL Alphabet Inc Class A2.1%
- AVGO Broadcom Inc2.0%
- META Meta Platforms Inc Class A1.8%
- GOOG Alphabet Inc Class C1.7%
JEPI
- MA Mastercard Inc Class A2.0%
- AAPL Apple Inc1.9%
- MSFT Microsoft Corp1.9%
- V Visa Inc Class A1.9%
- NEE NextEra Energy Inc1.8%
- JNJ Johnson & Johnson1.8%
- EOG EOG Resources Inc1.8%
- MMM 3M Co1.8%
- JIMXX JPMorgan Prime Money Market IM1.8%
- ABBV AbbVie Inc1.8%
ISPY vs JEPI: questions
Is ISPY or JEPI better?
It depends on the job. JEPI pays more today (7.47% vs 5.61%), JEPI costs less, and ISPY has the better total return over Dec 2023 to Oct 2026, with JEPI holding up better in its worst stretch. For income, look at yield and whether the payouts hold up; for growth, total return and drawdowns.
Which pays a higher dividend, ISPY or JEPI?
JEPI, at 7.47% against 5.61% for ISPY as of Nov 9, 2026. On $10,000 that's about $747 vs $561 a year at today's rates.
Which has the better total return?
ISPY. From Dec 2023 to Oct 2026, it returned 15.2% a year with distributions reinvested, against 9.7% for JEPI. $10,000 became $14,921 vs $12,990.
Which is cheaper, ISPY or JEPI?
JEPI, with a 0.35% expense ratio against 0.55%.
Do ISPY and JEPI hold the same things?
Partly. 2 of their top ten holdings match (AAPL, MSFT), at least 4% of each fund. Owning both doubles up on those.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. JEPI leads on 4 of 5 measures above. For information only, not investment advice. Last fund data: Nov 9, 2026.