JEPI vs XPAY: Yield, Cost and Returns Compared
As of Nov 7, 2026, XPAY yields more: 22.23% (dividend yield) against 7.47% for JEPI. JEPI is cheaper to own at 0.35% a year vs 0.49%. Over the same 2 years (Oct 2024 to Oct 2026), XPAY returned 15.7% a year with distributions reinvested, and JEPI 7.4%.
JEPIJPMorgan Equity Premium Income ETF7.47%dividend yield
XPAYRoundhill S&P 500 Target 20 Managed Distribution ETF22.23%dividend yield| Compared | JEPI | XPAY |
|---|---|---|
| YieldDividend yield | 7.47% | 22.23% |
| Expense ratio | 0.35% | 0.49% |
| Total return, 1 yr | +9.6% | +11.1% |
| Total return, 3 yr (a year) | +11.5% | — |
| Total return, 5 yr (a year) | +7.4% | — |
| Worst drop since Oct 2024 | -5.7% | -7.7% |
| Share price since Oct 2024 | −2% | −12% |
| Pays | Monthly | Monthly |
| Issuer | JPMorgan | Roundhill |
| Assets | $46.2B | $184.0M |
| Started | 2020 | 2024 |
| Type | Derivative Income | Derivative Income |
Higher yield
XPAY
22.23%
Lower cost
JEPI
0.35%
Better total return
XPAY
15.7%/yr
Smaller worst drop
JEPI
-5.7%
Key facts: JEPI vs XPAY
Data as of · Source: SmarterDividends data
- As of Nov 7, 2026, JEPI yields 7.47% (dividend yield) and XPAY yields 22.23% (dividend yield).
- JEPI's expense ratio is 0.35% and XPAY's is 0.49%: $35 vs $49 a year on $10,000.
- From Oct 2024 to Oct 2026, $10,000 in JEPI grew to $11,539 (7.4% a year) and $10,000 in XPAY to $13,388 (15.7% a year), distributions reinvested.
- Their worst month-end drops over that time: -5.7% for JEPI and -7.7% for XPAY.
- 0 of JEPI's top ten holdings are also in XPAY's top ten.
Cite this page
SmarterDividends, "JEPI vs XPAY: Yield, Cost and Returns Compared," updated Nov 7, 2026, https://smarterdividends.com/compare/jepi-vs-xpay
$10,000 in each, Oct 2024 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
JEPI became
$11,539
7.4% a year
XPAY became
$13,388
15.7% 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%
XPAY
- FGXXX First American Government Obligs X5.7%
JEPI vs XPAY: questions
Is JEPI or XPAY better?
It depends on the job. XPAY pays more today (22.23% vs 7.47%), JEPI costs less, and XPAY has the better total return over Oct 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 XPAY?
XPAY, at 22.23% against 7.47% for JEPI as of Nov 7, 2026. On $10,000 that's about $2,223 vs $747 a year at today's rates.
Which has the better total return?
XPAY. From Oct 2024 to Oct 2026, it returned 15.7% a year with distributions reinvested, against 7.4% for JEPI. $10,000 became $13,388 vs $11,539.
Which is cheaper, JEPI or XPAY?
JEPI, with a 0.35% expense ratio against 0.49%.
Do JEPI and XPAY 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. JEPI leads on 3 of 5 measures above. For information only, not investment advice. Last fund data: Nov 7, 2026.