JPMorgan Equity Premium Income ETF
$56.93−0.03 (−0.05%)
- 0.35%
- $45.8B
- +10.2%
- 8.01%
- 4.5M sh
- $56.99
- low $55.10high $59.90
The ETF.net JEPI Grade
A
Score 75 out of 100
- 2 of 16
Score 75 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A87 out of 100Rank 2 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.A76 out of 100Rank 6 of 8Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C51 out of 100Rank 6 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B66 out of 100Rank 5 of 16Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A81 out of 100Rank 2 of 15Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A94 out of 100Rank 1 of 16
Our read on JEPI
AThe fund that made "covered call income" a household phrase. JEPI pairs an actively picked, lower-volatility slice of the S&P 500 with call premium collected through equity-linked notes, and pays it out monthly.
Seeks current income and capital appreciation while pursuing most of the S&P 500's total-return exposure with lower volatility and incremental income.
Why people hold it
- Charges 0.35% against a 0.60% peer median. Pure index buy-writes like IVVW go cheaper at 0.25%, but here the fee also buys active stock selection.
- Not a plain index buy-write: roughly 130 stocks are chosen for lower volatility, with call exposure layered on through equity-linked notes tied to the S&P 500.am.jpmorgan.com
- Launched in 2020, it grew into a giant of options income: multi-billion-dollar asset base, very actively traded, and among the stronger builds in a crowded peer group.
- Pays monthly, and the mandate targets a relatively stable distribution level rather than whatever premium happens to land that month.am.jpmorgan.com
Worth knowing
- Selling calls trades away part of a big rally. The premium is the payment for that ceiling on upside.am.jpmorgan.com
- Premium arrives via equity-linked notes, so the fund carries exposure to the banks issuing those notes alongside ordinary stock risk.am.jpmorgan.com
- Income is variable, not fixed. Option premiums swell when markets are jumpy and shrink when they are calm, and payouts follow.am.jpmorgan.com
JEPI Holdings
- Stocks
- 136
- 19%
- MSFT
Sectors
- Technology20.4%
- Health Care13.7%
- Industrials12.7%
- Financials11.1%
- Consumer Discretionary10.4%
- Consumer Staples9.5%
- Communication9.2%
- Utilities5.4%
- Energy3.5%
- Real Estate2.4%
- Materials1.6%
Geography
- United States92.94%
- Ireland5.97%
- Switzerland0.86%
- Netherlands0.24%
JEPI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
JEPI$11,018
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | JEPI |
|---|---|
| Year to date | +5.7% |
| 1 month | +1.2% |
| 3 months | +2.3% |
| 1 year | +10.2% |
| 3 years | +10.6% |
| 5 years | +7.9% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | JEPI |
|---|---|---|
| 2026 YTD | +5.7% | |
| 2025 | +8.1% | |
| 2024 | +12.6% | |
| 2023 | +9.8% | |
| 2022 | −3.5% | |
| 2021 | +21.5% | |
| 2020 | +18.6% |
JEPI in the news
JEPI Dividends
- 8.01%
- $4.56
- $0.34 per share
- Monthly
Distribution history
JEPI Risk
- 7.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.69
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −13.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.43
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JEPI Cost
0.35%
JEPI0.35%
- The middle half of S&P 500 Active Option Income funds
- Median 0.55%
1 of the 15 S&P 500 Active Option Income funds charge less.
Other funds in S&P 500 Active Option Income
- AJOYTJPMorgan Equity and Options Total Return ETFExpense ratio 0.35%1 year return +19.3%
- AROCYJPMorgan Equity Premium Yield ETFExpense ratio 0.35%1 year return —
- ADUBSAptus Large Cap Enhanced Yield ETFExpense ratio 0.41%1 year return +25.3%
- ASPINState Street US Equity Premium Income ETFExpense ratio 0.25%1 year return +14.8%
- ADIVOAmplify CWP Enhanced Dividend Income ETFExpense ratio 0.56%1 year return +16.6%