JEPQ vs QYLD: Yield, Cost and Returns Compared
As of Nov 5, 2026, QYLD yields more: 12.48% (dividend yield) against 11.71% for JEPQ. JEPQ is cheaper to own at 0.35% a year vs 0.60%. Over the same 4 years (May 2022 to Oct 2026), JEPQ returned 15.9% a year with distributions reinvested, and QYLD 12.7%.
JEPQJPMorgan Nasdaq Equity Premium Income ETF11.71%dividend yield
QYLDGlobal X NASDAQ 100 Covered Call ETF12.48%dividend yield| Compared | JEPQ | QYLD |
|---|---|---|
| YieldDividend yield | 11.71% | 12.48% |
| Expense ratio | 0.35% | 0.60% |
| Total return, 1 yr | +9.5% | +15.7% |
| Total return, 3 yr (a year) | +20.0% | +15.8% |
| Total return, 5 yr (a year) | — | +7.8% |
| Total return, 10 yr (a year) | — | +9.7% |
| Worst drop since May 2022 | -13.5% | -13.3% |
| Share price since May 2022 | +17% | −1% |
| Pays | Monthly | Monthly |
| Issuer | JPMorgan | Global X |
| Assets | $42.5B | $8.2B |
| Started | 2022 | 2013 |
| Type | Derivative Income | Derivative Income |
Higher yield
QYLD
12.48%
Lower cost
JEPQ
0.35%
Better total return
JEPQ
15.9%/yr
Smaller worst drop
QYLD
-13.3%
Key facts: JEPQ vs QYLD
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, JEPQ yields 11.71% (dividend yield) and QYLD yields 12.48% (dividend yield).
- JEPQ's expense ratio is 0.35% and QYLD's is 0.60%: $35 vs $60 a year on $10,000.
- From May 2022 to Oct 2026, $10,000 in JEPQ grew to $19,205 (15.9% a year) and $10,000 in QYLD to $16,973 (12.7% a year), distributions reinvested.
- Their worst month-end drops over that time: -13.5% for JEPQ and -13.3% for QYLD.
- 9 of JEPQ's top ten holdings are also in QYLD's top ten, an overlap of at least 38% of the fund.
Cite this page
SmarterDividends, "JEPQ vs QYLD: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/jepq-vs-qyld
$10,000 in each, May 2022 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
JEPQ became
$19,205
15.9% a year
QYLD became
$16,973
12.7% a year
Year by year
| Year | JEPQ | QYLD |
|---|---|---|
| 2025 | +15.2% | +9.3% |
| 2024 | +24.8% | +19.3% |
| 2023 | +36.3% | +22.7% |
Total return each calendar year, distributions reinvested.
Top holdings
9 of the top ten overlap, at least 38% of each fund.
JEPQ
- AAPL Apple Inc7.0%
- NVDA NVIDIA Corp7.0%
- MSFT Microsoft Corp5.6%
- MU Micron Technology Inc4.3%
- GOOG Alphabet Inc Class C4.1%
- AMZN Amazon.com Inc3.8%
- AMD Advanced Micro Devices Inc3.4%
- META Meta Platforms Inc Class A2.7%
- TSLA Tesla Inc2.4%
- WMT Walmart Inc2.0%
QYLD
- AAPL Apple Inc8.2%
- NVDA NVIDIA Corp8.1%
- MSFT Microsoft Corp6.3%
- MU Micron Technology Inc4.5%
- AMZN Amazon.com Inc4.2%
- AMD Advanced Micro Devices Inc3.7%
- TSLA Tesla Inc3.4%
- META Meta Platforms Inc Class A3.0%
- WMT Walmart Inc2.7%
- GOOGL Alphabet Inc Class A2.7%
JEPQ vs QYLD: questions
Is JEPQ or QYLD better?
It depends on the job. QYLD pays more today (12.48% vs 11.71%), JEPQ costs less, and JEPQ has the better total return over May 2022 to Oct 2026, with QYLD 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, JEPQ or QYLD?
QYLD, at 12.48% against 11.71% for JEPQ as of Nov 5, 2026. On $10,000 that's about $1,248 vs $1,171 a year at today's rates.
Which has the better total return?
JEPQ. From May 2022 to Oct 2026, it returned 15.9% a year with distributions reinvested, against 12.7% for QYLD. $10,000 became $19,205 vs $16,973.
Which is cheaper, JEPQ or QYLD?
JEPQ, with a 0.35% expense ratio against 0.60%.
Do JEPQ and QYLD hold the same things?
Partly. 9 of their top ten holdings match (AAPL, NVDA, MSFT, MU), at least 38% of each fund. Owning both doubles up on those.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. For information only, not investment advice. Last fund data: Nov 5, 2026.