JEPI vs YMAX: Yield, Cost and Returns Compared
As of Nov 7, 2026, YMAX yields more: 62.53% (dividend yield) against 7.47% for JEPI. JEPI is cheaper to own at 0.35% a year vs 1.33%. Over the same 2 years (Jan 2024 to Oct 2026), YMAX returned 10.8% a year with distributions reinvested, and JEPI 9.3%.
JEPIJPMorgan Equity Premium Income ETF7.47%dividend yield
YMAXYieldMax Universe Fund of Option Income ETFs62.53%dividend yield| Compared | JEPI | YMAX |
|---|---|---|
| YieldDividend yield | 7.47% | 62.53% |
| Expense ratio | 0.35% | 1.33% |
| Total return, 1 yr | +9.6% | −7.7% |
| Total return, 3 yr (a year) | +11.5% | — |
| Total return, 5 yr (a year) | +7.4% | — |
| Worst drop since Jan 2024 | -5.7% | -21.0% |
| Share price since Jan 2024 | +3% | −66% |
| Pays | Monthly | Weekly |
| Issuer | JPMorgan | YieldMax |
| Assets | $46.2B | $336.0M |
| Started | 2020 | 2024 |
| Type | Derivative Income | Derivative Income |
Higher yield
YMAX
62.53%
Lower cost
JEPI
0.35%
Better total return
YMAX
10.8%/yr
Smaller worst drop
JEPI
-5.7%
Key facts: JEPI vs YMAX
Data as of · Source: SmarterDividends data
- As of Nov 7, 2026, JEPI yields 7.47% (dividend yield) and YMAX yields 62.53% (dividend yield).
- JEPI's expense ratio is 0.35% and YMAX's is 1.33%: $35 vs $133 a year on $10,000.
- From Jan 2024 to Oct 2026, $10,000 in JEPI grew to $12,762 (9.3% a year) and $10,000 in YMAX to $13,243 (10.8% a year), distributions reinvested.
- Their worst month-end drops over that time: -5.7% for JEPI and -21.0% for YMAX.
- 0 of JEPI's top ten holdings are also in YMAX's top ten.
Cite this page
SmarterDividends, "JEPI vs YMAX: Yield, Cost and Returns Compared," updated Nov 7, 2026, https://smarterdividends.com/compare/jepi-vs-ymax
$10,000 in each, Jan 2024 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
JEPI became
$12,762
9.3% a year
YMAX became
$13,243
10.8% 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%
YMAX
- MRNY YieldMax MRNA Option Income Strategy ETF5.2%
- PLTY YieldMax PLTR Option Income Strategy ETF5.0%
- AMDY YieldMax AMD Option Income Strategy ETF4.8%
- AIYY YieldMax AI Option Income Strategy ETF4.8%
- MSFO YieldMax MSFT Option Income Strategy ETF4.7%
- FBY YieldMax META Option Income Strategy ETF4.6%
- XOMO YieldMax XOM Option Income Strategy ETF4.5%
- YBIT YieldMax Bitcoin Option Inc Strat ETF4.3%
- SNOY YieldMax SNOW Option Income Strategy ETF4.3%
- APLY YieldMax AAPL Option Income Strategy ETF4.3%
JEPI vs YMAX: questions
Is JEPI or YMAX better?
It depends on the job. YMAX pays more today (62.53% vs 7.47%), JEPI costs less, and YMAX has the better total return over Jan 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 YMAX?
YMAX, at 62.53% against 7.47% for JEPI as of Nov 7, 2026. On $10,000 that's about $6,253 vs $747 a year at today's rates.
Which has the better total return?
YMAX. From Jan 2024 to Oct 2026, it returned 10.8% a year with distributions reinvested, against 9.3% for JEPI. $10,000 became $13,243 vs $12,762.
Which is cheaper, JEPI or YMAX?
JEPI, with a 0.35% expense ratio against 1.33%.
Do JEPI and YMAX 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 4 of 5 measures above. For information only, not investment advice. Last fund data: Nov 7, 2026.