JEPQ vs TSPY: Yield, Cost and Returns Compared
As of Nov 7, 2026, TSPY yields more: 14.84% (dividend yield) against 11.80% for JEPQ. JEPQ is cheaper to own at 0.35% a year vs 0.68%. Over the same 2 years (Aug 2024 to Oct 2026), JEPQ returned 15.4% a year with distributions reinvested, and TSPY 14.3%.
JEPQJPMorgan Nasdaq Equity Premium Income ETF11.80%dividend yield
TSPYTappAlpha SPY Growth & Daily Income ETF14.84%dividend yield| Compared | JEPQ | TSPY |
|---|---|---|
| YieldDividend yield | 11.80% | 14.84% |
| Expense ratio | 0.35% | 0.68% |
| Total return, 1 yr | +9.5% | +10.8% |
| Total return, 3 yr (a year) | +20.0% | — |
| Worst drop since Aug 2024 | -8.4% | -10.1% |
| Share price since Aug 2024 | +6% | −0% |
| Pays | Monthly | Monthly |
| Issuer | JPMorgan | TappAlpha |
| Assets | $42.5B | $398.7M |
| Started | 2022 | 2024 |
| Type | Derivative Income | Derivative Income |
Higher yield
TSPY
14.84%
Lower cost
JEPQ
0.35%
Better total return
JEPQ
15.4%/yr
Smaller worst drop
JEPQ
-8.4%
Key facts: JEPQ vs TSPY
Data as of · Source: SmarterDividends data
- As of Nov 7, 2026, JEPQ yields 11.80% (dividend yield) and TSPY yields 14.84% (dividend yield).
- JEPQ'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 JEPQ grew to $13,626 (15.4% a year) and $10,000 in TSPY to $13,366 (14.3% a year), distributions reinvested.
- Their worst month-end drops over that time: -8.4% for JEPQ and -10.1% for TSPY.
- 0 of JEPQ's top ten holdings are also in TSPY's top ten.
Cite this page
SmarterDividends, "JEPQ vs TSPY: Yield, Cost and Returns Compared," updated Nov 7, 2026, https://smarterdividends.com/compare/jepq-vs-tspy
$10,000 in each, Aug 2024 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
JEPQ became
$13,626
15.4% a year
TSPY became
$13,366
14.3% a year
Top holdings
No overlap in the top ten.
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%
TSPY
- VOO Vanguard S&P 500 ETF99.5%
- FGXXX First American Government Obligs X0.0%
JEPQ vs TSPY: questions
Is JEPQ or TSPY better?
It depends on the job. TSPY pays more today (14.84% vs 11.80%), JEPQ costs less, and JEPQ has the better total return over Aug 2024 to Oct 2026, with JEPQ 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 TSPY?
TSPY, at 14.84% against 11.80% for JEPQ as of Nov 7, 2026. On $10,000 that's about $1,484 vs $1,180 a year at today's rates.
Which has the better total return?
JEPQ. From Aug 2024 to Oct 2026, it returned 15.4% a year with distributions reinvested, against 14.3% for TSPY. $10,000 became $13,626 vs $13,366.
Which is cheaper, JEPQ or TSPY?
JEPQ, with a 0.35% expense ratio against 0.68%.
Do JEPQ 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. JEPQ leads on 3 of 5 measures above. For information only, not investment advice. Last fund data: Nov 7, 2026.