ISPY vs JEPQ: Yield, Cost and Returns Compared
As of Nov 9, 2026, JEPQ yields more: 11.80% (dividend yield) against 5.61% for ISPY. JEPQ is cheaper to own at 0.35% a year vs 0.55%. Over the same 2 years (Dec 2023 to Oct 2026), JEPQ returned 16.9% a year with distributions reinvested, and ISPY 15.2%.
ISPYProShares S&P 500 High Income ETF5.61%dividend yield
JEPQJPMorgan Nasdaq Equity Premium Income ETF11.80%dividend yield| Compared | ISPY | JEPQ |
|---|---|---|
| YieldDividend yield | 5.61% | 11.80% |
| Expense ratio | 0.55% | 0.35% |
| Total return, 1 yr | +8.4% | +9.5% |
| Total return, 3 yr (a year) | — | +20.0% |
| Worst drop since Dec 2023 | -9.6% | -8.4% |
| Share price since Dec 2023 | +17% | +15% |
| Pays | Monthly | Monthly |
| Issuer | ProShares | JPMorgan |
| Assets | $1.1B | $42.5B |
| Started | 2023 | 2022 |
| Type | Derivative Income | Derivative Income |
Higher yield
JEPQ
11.80%
Lower cost
JEPQ
0.35%
Better total return
JEPQ
16.9%/yr
Smaller worst drop
JEPQ
-8.4%
Key facts: ISPY vs JEPQ
Data as of · Source: SmarterDividends data
- As of Nov 9, 2026, ISPY yields 5.61% (dividend yield) and JEPQ yields 11.80% (dividend yield).
- ISPY's expense ratio is 0.55% and JEPQ'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 JEPQ to $15,576 (16.9% a year), distributions reinvested.
- Their worst month-end drops over that time: -9.6% for ISPY and -8.4% for JEPQ.
- 6 of ISPY's top ten holdings are also in JEPQ's top ten, an overlap of at least 24% of the fund.
Cite this page
SmarterDividends, "ISPY vs JEPQ: Yield, Cost and Returns Compared," updated Nov 9, 2026, https://smarterdividends.com/compare/ispy-vs-jepq
$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
JEPQ became
$15,576
16.9% a year
Year by year
| Year | ISPY | JEPQ |
|---|---|---|
| 2025 | +13.1% | +15.2% |
| 2024 | +21.3% | +24.8% |
Total return each calendar year, distributions reinvested.
Top holdings
6 of the top ten overlap, at least 24% 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%
JEPQ
- AAPL Apple Inc7.0%
- NVDA NVIDIA Corp7.0%
- MSFT Microsoft Corp5.6%
- MU Micron Technology Inc4.3%
- GOOG Alphabet Inc Class C4.1%
- AMZN Amazon.com Inc3.8%
- AMD Advanced Micro Devices Inc3.4%
- META Meta Platforms Inc Class A2.7%
- TSLA Tesla Inc2.4%
- WMT Walmart Inc2.0%
ISPY vs JEPQ: questions
Is ISPY or JEPQ better?
It depends on the job. JEPQ pays more today (11.80% vs 5.61%), JEPQ costs less, and JEPQ has the better total return over Dec 2023 to Oct 2026, with JEPQ 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 JEPQ?
JEPQ, at 11.80% against 5.61% for ISPY as of Nov 9, 2026. On $10,000 that's about $1,180 vs $561 a year at today's rates.
Which has the better total return?
JEPQ. From Dec 2023 to Oct 2026, it returned 16.9% a year with distributions reinvested, against 15.2% for ISPY. $10,000 became $15,576 vs $14,921.
Which is cheaper, ISPY or JEPQ?
JEPQ, with a 0.35% expense ratio against 0.55%.
Do ISPY and JEPQ hold the same things?
Partly. 6 of their top ten holdings match (AAPL, NVDA, MSFT, AMZN), at least 24% 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. JEPQ leads on 4 of 5 measures above. For information only, not investment advice. Last fund data: Nov 9, 2026.