JEPI vs JUDO: Grades, Fees and Holdings Compared

JPMorgan Equity Premium Income ETF

JEPIANYSE Arca

Janus Henderson U.S. Equity Enhanced Income ETF

JUDOCCboe

Overlap

35.3%by weight

Expense ratio

JEPI −0.20pt a year

JEPI0.35%JUDO0.55%

Avg volume · 30D

JEPI 5099.5×the volume

JEPI4.4MJUDO863

JEPI vs JUDO Performance

Jul 31, 2026 – Oct 30, 2026

+2.1%JEPI0.0%JUDO

Expense ratio: JEPI 0.35%, better; JUDO 0.55%
Fund size: JEPI $46.2B; JUDO $8M
1Y total return: JEPI +9.6%; JUDO No data
Yield (12M): JEPI 7.93%; JUDO No data
Holdings: JEPI 134; JUDO 70
Avg volume (30D): JEPI 4.4M sh, better; JUDO 863 sh
NAV per share: JEPI $57.54; JUDO $28.42
52W range

ETF.net Grade

Pillar letters and Scores for JEPI, JUDO, with each pillar’s weight
Pillar	JEPI	JUDO
Cost30% weight	A87Higher	C53
Mission25% weight	A100	Not scored
Risk15% weight	C52	A75Higher
Tradability15% weight	A77Higher	D28
Holdings10% weight	A80Higher	A74
Durability5% weight	A94Higher	D34

Rank among S&P 500 Active Option Income funds

How we build Categories ›

Same Category. JEPI and JUDO are both graded against the same 15 S&P 500 Active Option Income funds, so their Grades compare head to head.

S&P 500 Active Option Income⁠

Category · 15 funds

See all 15 ›

JEPI ranks 1st and JUDO 8th of 15 funds in the S&P 500 Active Option Income Category.

Rank 1AJEPIJPMorgan Equity Premium Income ETFScore 83
Rank 2AJOYTJPMorgan Equity and Options Total Return ETFScore 76
Rank 7ADUBSAptus Large Cap Enhanced Yield ETFScore 70
Rank 8CJUDOJanus Henderson U.S. Equity Enhanced Income ETFScore 53
Rank 9CHIGHSimplify Enhanced Income ETFScore 47

Our read on each fund

ETF.net Research

JEPIAJPMorgan Equity Premium Income ETF

JUDOCJanus Henderson U.S. Equity Enhanced Income ETF

In short

JEPI The 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.

JUDO No data

Stated mandate

JEPI Seeks current income and capital appreciation while pursuing most of the S&P 500's total-return exposure with lower volatility and incremental income.

JUDO No data

Why people hold it

JEPI 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.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.jpmorgan.com

JUDO No data

Worth knowing

JEPI Selling calls trades away part of a big rally. The premium is the payment for that ceiling on upside.jpmorgan.com
Premium arrives via equity-linked notes, so the fund carries exposure to the banks issuing those notes alongside ordinary stock risk.jpmorgan.com
Income is variable, not fixed. Option premiums swell when markets are jumpy and shrink when they are calm, and payouts follow.jpmorgan.com

JUDO No data

Full JEPI profile⁠

Full JUDO profile⁠

JEPI vs JUDO Holdings

How JEPI and JUDO differ

Overlap by weight

35.3%

Shared holdings make up 69.4% of JUDO and 40.5% of JEPI.

Level by level

Holdings41 in both35.3%
Asset classEquity100%
Countryby domicile99.9%

Sector

No Sector split for JUDO.

Country, concentration and asset class

Country by domicile

Country weights in JEPI and JUDO, widest gap first
Country	More in JEPIMore in JUDO	JEPI	JUDO
United States	JUDO +0.1 points	99.1%	99.2%
Switzerland	JEPI +0.1 points	0.9%	0.8%

Concentration

Weight in the 10 largest Holdings

JEPI18.4%
JUDO41.2%

Securities held

JEPI133
JUDO69

Asset class

JEPI: Equity
JUDO: Equity

Holdings

Only in JEPI92
In both41
Only in JUDO28

Only in JEPI

92 securities, 59.5% of JEPI by weight

Nextera Energy Inc1.80%
JPMorgan Prime Money1.76%
Costco Wholesale Corp1.71%
Trane Technologies PLC1.60%
Lowe's Cos Inc Common1.56%
Alphabet Inc-Cl A -1.43%
Mondelez International1.33%
Rtx Corp1.24%
Ross Stores Inc Common1.23%
Regeneron Pharmaceuticals1.11%
Vertiv Holdings Co1.06%
Pepsico Inc Common Stock1.05%
Citigroup Inc Common0.98%
Entergy Corp Common Stock0.98%
SPX_120.97%
Vertex Pharmaceuticals0.97%
SPX_110.97%
SPX_100.96%
Sempra Common Stock USD0.96%
Advanced Micro Devices0.93%
SPX_180.93%
SPX_170.92%
SPX_140.92%
SPX_160.92%
SPX_150.92%
Equinix Inc Reit USD0.91%
SPX_80.91%
SPX_90.91%
SPX_70.90%
SPX_190.89%
SPX_200.89%
SPX_210.88%
SPX_130.88%
Walmart Inc Common Stock0.86%
Emerson Electric Co0.84%
Chipotle Mexican Grill0.83%
Arthur J Gallagher & Co0.77%
Aon PLC Common Stock USD0.75%
Netflix Inc Common Stock0.75%
Corpay Inc0.73%
Chubb Ltd Common Stock0.72%
Yum Brands Inc Common0.68%
Dover Corp Common Stock0.64%
Intuitive Surgical Inc0.64%
Bristol-Myers Squibb Co0.64%
Tesla Inc Common Stock0.58%
Mcdonald's Corp Common0.58%
T-Mobile Us Inc Common0.55%
AT&T Inc Common Stock USD0.54%
S&P Global Inc Common0.54%

Only in JUDO

28 securities, 30.7% of JUDO by weight

Alphabet Inc. Class C4.76%
JPMorgan Chase & Co.2.22%
Chevron Corporation1.69%
Salesforce, Inc.1.28%
Goldman Sachs Group, Inc.1.28%
GE Vernova Inc.1.25%
Home Depot, Inc.1.23%
Target Corporation1.21%
Cisco Systems, Inc.1.16%
Morgan Stanley1.00%
Danaher Corporation0.96%
Royal Caribbean Group0.95%
PNC Financial Services Group, Inc.0.84%
Ferguson Enterprises Inc.0.83%
Duke Energy Corporation0.83%
Motorola Solutions, Inc.0.83%
Gilead Sciences, Inc.0.81%
GE Aerospace0.79%
Delta Air Lines, Inc.0.79%
Dell Technologies, Inc. Class C0.77%
Garmin Ltd.0.77%
Arista Networks Inc0.76%
Trane Technologies plc0.70%
Monster Beverage Corporation0.62%
American Electric Power Company, Inc.0.61%
Intercontinental Exchange, Inc.0.61%
Marriott International, Inc. Class A0.59%
Freeport-McMoRan, Inc.0.52%

Weight gaps

All 41 Holdings in both funds, largest gap first.

Holding weights in JEPI and JUDO, widest gap first
Holding	More in JEPIMore in JUDO	JEPI	JUDO
NVIDIA Corp Common StockNVDA	JUDO +6.53 points	1.69%	8.22%
Microsoft Corp CommonMSFT	JUDO +5.20 points	1.94%	7.14%
Apple Inc Common StockAAPL	JUDO +3.30 points	1.94%	5.24%
Amazon.com Inc CommonAMZN	JUDO +2.33 points	1.74%	4.07%
Broadcom Inc CommonAVGO	JUDO +1.46 points	1.61%	3.07%
Eli Lilly and CompanyLLY	JUDO +1.40 points	1.18%	2.58%
Micron Technology IncMU	JUDO +1.20 points	0.95%	2.15%
Texas Instruments IncTXN	JUDO +1.13 points	0.26%	1.39%
Applied Materials IncAMAT	JUDO +1.06 points	0.09%	1.15%
American Express CoAXP	JUDO +1.03 points	0.28%	1.31%
3M Co Common Stock USDMMM	JEPI +0.99 points	1.77%	0.78%
Cme Group Inc CommonCME	JUDO +0.89 points	0.09%	0.98%
Seagate TechnologySTX	JUDO +0.78 points	0.29%	1.07%
Meta Platforms Inc CommonMETA	JEPI +0.76 points	1.64%	0.88%
UnitedHealth Group IncUNH	JUDO +0.76 points	0.59%	1.35%
The Coca-Cola CompanyKO	JUDO +0.76 points	0.51%	1.27%
Ecolab Inc Common StockECL	JEPI +0.74 points	1.16%	0.42%
Tjx Cos Inc/The CommonTJX	JUDO +0.68 points	0.29%	0.97%
Verizon CommunicationsVZ	JUDO +0.65 points	0.37%	1.02%
Union Pacific CorpUNP	JUDO +0.63 points	0.32%	0.95%
Amphenol Corp CommonAPH	JUDO +0.59 points	0.48%	1.07%
The Walt Disney CompanyDIS	JUDO +0.58 points	0.89%	1.47%
Corning Inc Common StockGLW	JUDO +0.53 points	0.16%	0.69%
Booking Holdings IncBKNG	JUDO +0.53 points	0.17%	0.70%
Accenture PLC CommonACN	JUDO +0.51 points	0.66%	1.17%
Abbott LaboratoriesABT	JUDO +0.48 points	0.30%	0.78%
Stryker Corp Common StockSYK	JUDO +0.47 points	0.61%	1.08%
Eog Resources Inc CommonEOG	JEPI +0.41 points	1.78%	1.37%
Howmet Aerospace IncHWM	JEPI +0.37 points	1.16%	0.79%
Eaton Corp PLC CommonETN	JEPI +0.36 points	1.21%	0.85%
AbbVie Inc Common StockABBV	JEPI +0.33 points	1.76%	1.43%
The Southern CompanySO	JEPI +0.28 points	0.95%	0.67%
Johnson & Johnson CommonJNJ	JEPI +0.26 points	1.80%	1.54%
Mastercard Inc CommonMA	JEPI +0.21 points	1.96%	1.75%
Progressive Corp/ThePGR	JUDO +0.20 points	1.00%	1.20%
Cummins Inc Common StockCMI	JUDO +0.17 points	0.64%	0.81%
Medtronic PLC CommonMDT	JUDO +0.14 points	0.56%	0.70%
Philip MorrisPM	JEPI +0.14 points	1.73%	1.58%
Conocophillips CommonCOP	JEPI +0.11 points	0.92%	0.81%
Visa Inc Common Stock USDV	JEPI +0.10 points	1.85%	1.75%
Lam Research Corp CommonLRCX	JEPI +0.10 points	1.21%	1.11%

All 133 JEPI holdings⁠All 69 JUDO holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

JEPI vs JUDO Cost

Overpaying JUDO vs JEPI

$3,778

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

JEPI 0.35%
$7,126
JUDO 0.55%
$10,904

Amount$10,000

Years30 years

Cost over time

JEPI 0.35%
JUDO 0.55%
Overpaying

Year by year

Year	JEPI	JUDO	Overpaying
10	$634	$988	$354
20	$2,454	$3,790	$1,336
30	$7,126	$10,904	$3,778

Expense ratio

0.35%JEPI, cheaper
0.55%JUDO

JEPI0.35%JUDO0.55%

0.25%0.92%

Middle half of S&P 500 Active Option Income funds
Median 0.56%

JEPI 2nd cheapest of 15 funds

JUDO 7th cheapest of 15 funds

JEPI vs JUDO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): JEPI 7.93%; JUDO No data
Payout (12M): JEPI $4.56; JUDO No data
Last payment: JEPI $0.34; JUDO $0.15
Ex-dividend: JEPI Oct 1, 2026; JUDO Oct 30, 2026
Paid on: JEPI Oct 5, 2026; JUDO Pays Nov 5, 2026
Frequency: JEPI Monthly; JUDO Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

JEPIMonthly · 45 paymentsAll JEPI payments⁠

JUDOMonthly · 7 paymentsAll JUDO payments⁠

JEPI vs JUDO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: JEPI 7.8%JUDO No data
Return per unit of riskSharpe ratio, 3 years: JEPI 0.87JUDO No data
Worst fallMax drawdown, 5 years: JEPI −13.7%JUDO No data
Market sensitivityBeta, 5 years: JEPI 0.43JUDO 0.81; Market = 1

JEPI and JUDO in the news

All news⁠

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Deep Dive
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Franklin Templeton files two PayDay ETFs that would pay every two weeks
Oct 16, 2026JEPI
Deep Dive
The monthly check from JPMorgan Equity Premium Income ETF, JEPI, is already inside a return that trailed the S&P 500
Oct 14, 2026JEPI
Deep Dive
JPMorgan Equity Premium Income ETF paid $0.34 a share, and the 8% yield is not a promise
Oct 10, 2026JEPI
Income Watch
Even counting the checks, JPMorgan's income funds trailed the stock funds
Oct 4, 2026JEPI

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JEPI vs JUDO

In short

Stated mandate

Why people hold it