JEPI vs SPHD: Which Is the Better Dividend Stock?
As of July 2026, JEPI (JPMorgan Equity Premium Income ETF) screens as the stronger dividend stock, winning 3 of 5 head-to-head metrics. JEPI offers the higher yield at 8.05%, SPHD has the higher dividend-safety score, and JEPI trades at the larger discount to fair value (+29%).
| Metric | JEPI | SPHD |
|---|---|---|
| Forward yield | 8.05% | 4.52% |
| Annual dividend | $4.57 | $2.39 |
| Payout ratio | — | — |
| Years of growth | 1 yr | 1 yr |
| 5-yr dividend growth | -3.1% | 1.0% |
| 5-yr total return | — | 19% |
| Dividend safety score | 42 (D) | 55 (C) |
| Fair value estimate | $73.48 | $32.26 |
| Upside to fair value | +29% | -39% |
| Frequency | monthly | monthly |
| Market cap | — | — |
| P/E ratio | 27.0 | 18.0 |
Higher yield
JEPI
8.05%
Safer dividend
SPHD
Grade C
Faster growth
SPHD
1.0%
Better value
JEPI
+29% upside
JEPI vs SPHD — FAQ
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