JEPI vs SPHD: Which Is the Better Dividend Stock?
As of September 2026, JEPI (JPMorgan Equity Premium Income ETF) screens as the stronger dividend stock, winning 4 of 6 head-to-head metrics. JEPI offers the higher yield at 8.08%, JEPI has the higher dividend-safety score, and JEPI trades at the larger discount to fair value (+31%).
| Metric | JEPI | SPHD |
|---|---|---|
| Forward yield | 8.08% | 4.97% |
| Annual dividend | $4.58 | $2.47 |
| Payout ratio | — | — |
| Years of growth | 1 yr | 1 yr |
| 5-yr dividend growth | -3.1% | 1.0% |
| 5-yr total return | -9% | 17% |
| Dividend safety score | 62 (C) | 56 (C) |
| Fair value estimate | $73.67 | $33.05 |
| Upside to fair value | +31% | -34% |
| Frequency | monthly | monthly |
| Market cap | — | — |
| P/E ratio | 25.2 | 16.0 |
Higher yield
JEPI
8.08%
Safer dividend
JEPI
Grade C
Faster growth
SPHD
1.0%
Better value
JEPI
+31% upside
JEPI vs SPHD — FAQ
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