JEPQ vs XPAY: Yield, Cost and Returns Compared
As of Nov 7, 2026, XPAY yields more: 22.23% (dividend yield) against 11.80% for JEPQ. JEPQ 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 JEPQ 15.0%.
JEPQJPMorgan Nasdaq Equity Premium Income ETF11.80%dividend yield
XPAYRoundhill S&P 500 Target 20 Managed Distribution ETF22.23%dividend yield| Compared | JEPQ | XPAY |
|---|---|---|
| YieldDividend yield | 11.80% | 22.23% |
| Expense ratio | 0.35% | 0.49% |
| Total return, 1 yr | +9.5% | +11.1% |
| Total return, 3 yr (a year) | +20.0% | — |
| Worst drop since Oct 2024 | -8.4% | -7.7% |
| Share price since Oct 2024 | +5% | −12% |
| Pays | Monthly | Monthly |
| Issuer | JPMorgan | Roundhill |
| Assets | $42.5B | $184.0M |
| Started | 2022 | 2024 |
| Type | Derivative Income | Derivative Income |
Higher yield
XPAY
22.23%
Lower cost
JEPQ
0.35%
Better total return
XPAY
15.7%/yr
Smaller worst drop
XPAY
-7.7%
Key facts: JEPQ vs XPAY
Data as of · Source: SmarterDividends data
- As of Nov 7, 2026, JEPQ yields 11.80% (dividend yield) and XPAY yields 22.23% (dividend yield).
- JEPQ'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 JEPQ grew to $13,228 (15.0% a year) and $10,000 in XPAY to $13,388 (15.7% a year), distributions reinvested.
- Their worst month-end drops over that time: -8.4% for JEPQ and -7.7% for XPAY.
- 0 of JEPQ's top ten holdings are also in XPAY's top ten.
Cite this page
SmarterDividends, "JEPQ vs XPAY: Yield, Cost and Returns Compared," updated Nov 7, 2026, https://smarterdividends.com/compare/jepq-vs-xpay
$10,000 in each, Oct 2024 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
JEPQ became
$13,228
15.0% a year
XPAY became
$13,388
15.7% 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%
XPAY
- FGXXX First American Government Obligs X5.7%
JEPQ vs XPAY: questions
Is JEPQ or XPAY better?
It depends on the job. XPAY pays more today (22.23% vs 11.80%), JEPQ costs less, and XPAY has the better total return over Oct 2024 to Oct 2026, with XPAY 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 XPAY?
XPAY, at 22.23% against 11.80% for JEPQ as of Nov 7, 2026. On $10,000 that's about $2,223 vs $1,180 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 15.0% for JEPQ. $10,000 became $13,388 vs $13,228.
Which is cheaper, JEPQ or XPAY?
JEPQ, with a 0.35% expense ratio against 0.49%.
Do JEPQ 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. XPAY leads on 3 of 5 measures above. For information only, not investment advice. Last fund data: Nov 7, 2026.