JPMorgan Equity Premium Income ETF
$56.60−0.14 (−0.24%)
- Expense ratio
- 0.35%
- Fund size
- $45.7B
- 1Y return
- +8.2%
- Yield · Last 12 months
- 8.08%
- Holdings
- 135
- Volume · 30D
- 4.8M sh
- NAV per share
- $56.75
- 52W range
The ETF.net JEPI Grade
Score 78 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 87Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 78Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 51Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 84Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 82Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 94Category rank
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
- 135
- 18%
- MSFT
Sectors
- Technology19.2%
- Health Care14.1%
- Industrials14.0%
- Consumer Discr.11.7%
- Financials11.2%
- Cons. Staples9.1%
- Communication8.2%
- Utilities5.3%
- Energy3.2%
- Real Estate2.5%
- Materials1.6%
Geography
- United States92.79%
- Ireland5.77%
- Switzerland0.94%
- Netherlands0.42%
- United Kingdom0.08%
JEPI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +4.6% |
| 1 month | −1.4% |
| 3 months | +3.2% |
| 1 year | +8.2% |
| 3 years | +10.0% |
| 5 years | +7.6% |
| 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 | +4.6% | |
| 2025 | +8.1% | |
| 2024 | +12.6% | |
| 2023 | +9.8% | |
| 2022 | −3.5% | |
| 2021 | +21.5% | |
| 2020 | +18.6% |
JEPI in the news
ETF.net Research hasn’t filed on JEPI yet — coverage lands here as it’s written.
JEPI Dividends
- 8.08%
- $4.58
- $0.37 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 3, 2026 | $0.37 |
| Aug 3, 2026 | Aug 5, 2026 | $0.37 |
| Jul 1, 2026 | Jul 6, 2026 | $0.39 |
| Jun 1, 2026 | Jun 3, 2026 | $0.39 |
| May 1, 2026 | May 5, 2026 | $0.45 |
| Apr 1, 2026 | Apr 6, 2026 | $0.42 |
| Mar 2, 2026 | Mar 4, 2026 | $0.35 |
| Feb 2, 2026 | Feb 4, 2026 | $0.34 |
| Dec 31, 2025 | Jan 5, 2026 | $0.43 |
| Dec 1, 2025 | Dec 3, 2025 | $0.37 |
| Nov 3, 2025 | Nov 5, 2025 | $0.35 |
| Oct 1, 2025 | Oct 3, 2025 | $0.36 |
JEPI Risk
- 8.0%
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.
- 0.61
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
- 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.