JEPI vs TSPY: Yield, Cost and Returns Compared
As of Nov 7, 2026, TSPY yields more: 14.84% (dividend yield) against 7.47% for JEPI. JEPI is cheaper to own at 0.35% a year vs 0.68%. Over the same 2 years (Aug 2024 to Oct 2026), TSPY returned 14.3% a year with distributions reinvested, and JEPI 7.4%.
JEPIJPMorgan Equity Premium Income ETF7.47%dividend yield
TSPYTappAlpha SPY Growth & Daily Income ETF14.84%dividend yield| Compared | JEPI | TSPY |
|---|---|---|
| YieldDividend yield | 7.47% | 14.84% |
| Expense ratio | 0.35% | 0.68% |
| Total return, 1 yr | +9.6% | +10.8% |
| Total return, 3 yr (a year) | +11.5% | — |
| Total return, 5 yr (a year) | +7.4% | — |
| Worst drop since Aug 2024 | -5.7% | -10.1% |
| Share price since Aug 2024 | −2% | −0% |
| Pays | Monthly | Monthly |
| Issuer | JPMorgan | TappAlpha |
| Assets | $46.2B | $398.7M |
| Started | 2020 | 2024 |
| Type | Derivative Income | Derivative Income |
Higher yield
TSPY
14.84%
Lower cost
JEPI
0.35%
Better total return
TSPY
14.3%/yr
Smaller worst drop
JEPI
-5.7%
Key facts: JEPI vs TSPY
Data as of · Source: SmarterDividends data
- As of Nov 7, 2026, JEPI yields 7.47% (dividend yield) and TSPY yields 14.84% (dividend yield).
- JEPI's expense ratio is 0.35% and TSPY's is 0.68%: $35 vs $68 a year on $10,000.
- From Aug 2024 to Oct 2026, $10,000 in JEPI grew to $11,666 (7.4% a year) and $10,000 in TSPY to $13,366 (14.3% a year), distributions reinvested.
- Their worst month-end drops over that time: -5.7% for JEPI and -10.1% for TSPY.
- 0 of JEPI's top ten holdings are also in TSPY's top ten.
Cite this page
SmarterDividends, "JEPI vs TSPY: Yield, Cost and Returns Compared," updated Nov 7, 2026, https://smarterdividends.com/compare/jepi-vs-tspy
$10,000 in each, Aug 2024 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
JEPI became
$11,666
7.4% a year
TSPY became
$13,366
14.3% a year
Top holdings
No overlap in the top ten.
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%
TSPY
- VOO Vanguard S&P 500 ETF99.5%
- FGXXX First American Government Obligs X0.0%
JEPI vs TSPY: questions
Is JEPI or TSPY better?
It depends on the job. TSPY pays more today (14.84% vs 7.47%), JEPI costs less, and TSPY has the better total return over Aug 2024 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 TSPY?
TSPY, at 14.84% against 7.47% for JEPI as of Nov 7, 2026. On $10,000 that's about $1,484 vs $747 a year at today's rates.
Which has the better total return?
TSPY. From Aug 2024 to Oct 2026, it returned 14.3% a year with distributions reinvested, against 7.4% for JEPI. $10,000 became $13,366 vs $11,666.
Which is cheaper, JEPI or TSPY?
JEPI, with a 0.35% expense ratio against 0.68%.
Do JEPI and TSPY 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. TSPY leads on 3 of 5 measures above. For information only, not investment advice. Last fund data: Nov 7, 2026.