IWMI vs JEPQ: Yield, Cost and Returns Compared
As of Nov 8, 2026, IWMI yields more: 15.07% (dividend yield) against 11.80% for JEPQ. JEPQ is cheaper to own at 0.35% a year vs 0.68%. Over the same 2 years (Jun 2024 to Oct 2026), IWMI returned 14.5% a year with distributions reinvested, and JEPQ 13.7%.
IWMINEOS Russell 2000 High Income ETF15.07%dividend yield
JEPQJPMorgan Nasdaq Equity Premium Income ETF11.80%dividend yield| Compared | IWMI | JEPQ |
|---|---|---|
| YieldDividend yield | 15.07% | 11.80% |
| Expense ratio | 0.68% | 0.35% |
| Total return, 1 yr | +15.2% | +9.5% |
| Total return, 3 yr (a year) | — | +20.0% |
| Worst drop since Jun 2024 | -15.3% | -8.4% |
| Share price since Jun 2024 | −2% | +4% |
| Pays | Monthly | Monthly |
| Issuer | Neos | JPMorgan |
| Assets | $1.3B | $42.5B |
| Started | 2024 | 2022 |
| Type | Derivative Income | Derivative Income |
Higher yield
IWMI
15.07%
Lower cost
JEPQ
0.35%
Better total return
IWMI
14.5%/yr
Smaller worst drop
JEPQ
-8.4%
Key facts: IWMI vs JEPQ
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, IWMI yields 15.07% (dividend yield) and JEPQ yields 11.80% (dividend yield).
- IWMI's expense ratio is 0.68% and JEPQ's is 0.35%: $68 vs $35 a year on $10,000.
- From Jun 2024 to Oct 2026, $10,000 in IWMI grew to $13,714 (14.5% a year) and $10,000 in JEPQ to $13,485 (13.7% a year), distributions reinvested.
- Their worst month-end drops over that time: -15.3% for IWMI and -8.4% for JEPQ.
- 0 of IWMI's top ten holdings are also in JEPQ's top ten.
Cite this page
SmarterDividends, "IWMI vs JEPQ: Yield, Cost and Returns Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/iwmi-vs-jepq
$10,000 in each, Jun 2024 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
IWMI became
$13,714
14.5% a year
JEPQ became
$13,485
13.7% a year
Top holdings
No overlap in the top ten.
IWMI
- VTWO Vanguard Russell 2000 ETF99.7%
- FXFXX First American Treasury Obligs X0.7%
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%
IWMI vs JEPQ: questions
Is IWMI or JEPQ better?
It depends on the job. IWMI pays more today (15.07% vs 11.80%), JEPQ costs less, and IWMI has the better total return over Jun 2024 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, IWMI or JEPQ?
IWMI, at 15.07% against 11.80% for JEPQ as of Nov 8, 2026. On $10,000 that's about $1,507 vs $1,180 a year at today's rates.
Which has the better total return?
IWMI. From Jun 2024 to Oct 2026, it returned 14.5% a year with distributions reinvested, against 13.7% for JEPQ. $10,000 became $13,714 vs $13,485.
Which is cheaper, IWMI or JEPQ?
JEPQ, with a 0.35% expense ratio against 0.68%.
Do IWMI and JEPQ hold the same things?
Not at the top: none of their top ten holdings match.
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 3 of 5 measures above. For information only, not investment advice. Last fund data: Nov 8, 2026.