JEPI vs PBP: Yield, Cost and Returns Compared
As of Nov 5, 2026, PBP yields more: 12.35% (dividend yield) against 7.37% for JEPI. PBP is cheaper to own at 0.29% a year vs 0.35%. Over the same 6 years (May 2020 to Oct 2026), JEPI returned 10.8% a year with distributions reinvested, and PBP 10.8%.
JEPIJPMorgan Equity Premium Income ETF7.37%dividend yield| Compared | JEPI | PBP |
|---|---|---|
| YieldDividend yield | 7.37% | 12.35% |
| Expense ratio | 0.35% | 0.29% |
| Total return, 1 yr | +9.6% | +14.5% |
| Total return, 3 yr (a year) | +11.5% | +14.7% |
| Total return, 5 yr (a year) | +7.4% | +7.5% |
| Total return, 10 yr (a year) | — | +7.3% |
| Worst drop since May 2020 | -13.0% | -18.2% |
| Share price since May 2020 | +12% | +27% |
| Pays | Monthly | Monthly |
| Issuer | JPMorgan | Invesco |
| Assets | $46.2B | $389.1M |
| Started | 2020 | 2007 |
| Type | Derivative Income | Derivative Income |
Higher yield
PBP
12.35%
Lower cost
PBP
0.29%
Better total return
JEPI
10.8%/yr
Smaller worst drop
JEPI
-13.0%
Key facts: JEPI vs PBP
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, JEPI yields 7.37% (dividend yield) and PBP yields 12.35% (dividend yield).
- JEPI's expense ratio is 0.35% and PBP's is 0.29%: $35 vs $29 a year on $10,000.
- From May 2020 to Oct 2026, $10,000 in JEPI grew to $19,360 (10.8% a year) and $10,000 in PBP to $19,337 (10.8% a year), distributions reinvested.
- Their worst month-end drops over that time: -13.0% for JEPI and -18.2% for PBP.
- 2 of JEPI's top ten holdings are also in PBP's top ten, an overlap of at least 4% of the fund.
Cite this page
SmarterDividends, "JEPI vs PBP: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/jepi-vs-pbp
$10,000 in each, May 2020 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
JEPI became
$19,360
10.8% a year
PBP became
$19,337
10.8% a year
Year by year
| Year | JEPI | PBP |
|---|---|---|
| 2025 | +8.1% | +8.5% |
| 2024 | +12.6% | +19.9% |
| 2023 | +9.8% | +11.6% |
| 2022 | −3.5% | −11.8% |
| 2021 | +21.5% | +20.0% |
Total return each calendar year, distributions reinvested.
Top holdings
2 of the top ten overlap, at least 4% of each fund.
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%
PBP
- AAPL Apple Inc7.8%
- NVDA NVIDIA Corp7.6%
- MSFT Microsoft Corp6.0%
- AMZN Amazon.com Inc3.6%
- GOOGL Alphabet Inc Class A2.5%
- AVGO Broadcom Inc2.4%
- META Meta Platforms Inc Class A2.1%
- GOOG Alphabet Inc Class C2.0%
- LLY Eli Lilly and Co1.7%
- TSLA Tesla Inc1.7%
JEPI vs PBP: questions
Is JEPI or PBP better?
It depends on the job. PBP pays more today (12.35% vs 7.37%), PBP costs less, and JEPI has the better total return over May 2020 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, JEPI or PBP?
PBP, at 12.35% against 7.37% for JEPI as of Nov 5, 2026. On $10,000 that's about $1,235 vs $737 a year at today's rates.
Which has the better total return?
JEPI. From May 2020 to Oct 2026, it returned 10.8% a year with distributions reinvested, against 10.8% for PBP. $10,000 became $19,360 vs $19,337.
Which is cheaper, JEPI or PBP?
PBP, with a 0.29% expense ratio against 0.35%.
Do JEPI and PBP 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. PBP leads on 6 of 7 measures above. For information only, not investment advice. Last fund data: Nov 5, 2026.