JEPI vs ROCY: Grades, Fees and Holdings Compared

JPMorgan Equity Premium Income ETF

JEPIANYSE Arca

JPMorgan Equity Premium Yield ETF

ROCYANasdaq

Overlap

46.4%by weight

Expense ratio

JEPI0.35%ROCY0.35%

Avg volume · 30D

JEPI 17.9×the volume

JEPI4.4MROCY245K

JEPI vs ROCY Performance

Jul 31, 2026 – Oct 30, 2026

+2.1%JEPI+1.5%ROCY

Expense ratio: JEPI 0.35%; ROCY 0.35%
Fund size: JEPI $46.2B; ROCY $880M
1Y total return: JEPI +9.6%; ROCY No data
Yield (12M): JEPI 7.93%; ROCY No data
Holdings: JEPI 134; ROCY 112
Avg volume (30D): JEPI 4.4M sh, better; ROCY 245K sh
NAV per share: JEPI $57.54; ROCY $54.63
52W range

ETF.net Grade

Pillar letters and Scores for JEPI, ROCY, with each pillar’s weight
Pillar	JEPI	ROCY
Cost30% weight	A87	A87
Mission25% weight	A100	Not scored
Risk15% weight	C52	A83Higher
Tradability15% weight	A77Higher	C53
Holdings10% weight	A80Higher	B69
Durability5% weight	A94Higher	B65

Rank among S&P 500 Active Option Income funds

How we build Categories ›

Same Category. JEPI and ROCY 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 ROCY 3rd 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 3AROCYJPMorgan Equity Premium Yield ETFScore 75
Rank 4ADIVOAmplify CWP Enhanced Dividend Income ETFScore 73

Our read on each fund

ETF.net Research

JEPIAJPMorgan Equity Premium Income ETF

ROCYAJPMorgan Equity Premium Yield 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.

ROCY JPMorgan's second act in option income: the same S&P 500 team behind JEPI, but the premium comes from selling call spreads instead of notes, so a slice of upside above the short strike stays in play. 0.35% all in.

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.

ROCY Seeks current yield while retaining prospects for capital appreciation and total return. It combines a U.S. large-cap equity portfolio with a call-spread overlay intended to generate monthly distributions and reduce volatility.

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

ROCY Costs 0.35% a year, against a roughly 0.95% median for actively managed options-income funds and DIVO's 0.56%.jpmorgan.com
Sells a call and buys a higher-strike one, so the ceiling on gains is a band rather than a hard stop above the short strike.jpmorgan.com
Run by the same U.S. Core Equity and derivatives group behind JEPI and JEPQ, led by Hamilton Reiner.jpmorgan.com
Stands among the stronger builds in a crowded field of active options-income funds, helped by its low fee and steady risk profile.

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

ROCY Launched in 2026, so the record is short and has not been through a full market cycle.
Writing calls still trims what you keep in a fast rally; the long call softens the ceiling, it does not remove it.jpmorgan.com
Distributions can include return of capital, which lowers your cost basis instead of adding income.jpmorgan.com

Full JEPI profile⁠

Full ROCY profile⁠

JEPI vs ROCY Holdings

How JEPI and ROCY differ

Overlap by weight

46.4%

Shared holdings make up 81.2% of ROCY and 63.1% of JEPI.

Level by level

Holdings73 in both46.4%
Countryby domicile99.1%
Asset classEquity100%

Sector

No Sector split for ROCY.

Country, concentration and asset class

Country by domicile

Country weights in JEPI and ROCY, widest gap first
Country	More in JEPIMore in ROCY	JEPI	ROCY
Switzerland	JEPI +0.9 points	0.9%	0.0%
Other countries (2)	ROCY +0.9 points	99.1%	100.0%

Concentration

Weight in the 10 largest Holdings

JEPI18.4%
ROCY41.9%

Securities held

JEPI133
ROCY111

Asset class

JEPI: Equity
ROCY: Equity

Holdings

Only in JEPI60
In both73
Only in ROCY38

Only in JEPI

60 securities, 36.9% of JEPI by weight

Visa Inc Common Stock USD1.85%
JPMorgan Prime Money1.76%
Ross Stores Inc Common1.23%
Ecolab Inc Common Stock1.16%
Vertiv Holdings Co1.06%
Citigroup Inc Common0.98%
SPX_120.97%
SPX_110.97%
SPX_100.96%
Sempra Common Stock USD0.96%
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%
Emerson Electric Co0.84%
Aon PLC Common Stock USD0.75%
Chubb Ltd Common Stock0.72%
Yum Brands Inc Common0.68%
Accenture PLC Common0.66%
Cummins Inc Common Stock0.64%
Intuitive Surgical Inc0.64%
T-Mobile Us Inc Common0.55%
S&P Global Inc Common0.54%
Doordash Inc Common0.50%
Us Bancorp Common Stock0.46%
Church & Dwight Co Inc0.45%
Fedex Corp Common Stock0.44%
Mckesson Corp Common0.39%
Merck & Co Inc Common0.38%
General Dynamics Corp0.37%
Verizon Communications0.37%
Burlington Stores Inc0.33%
Union Pacific Corp0.32%
Keurig Dr Pepper Inc0.31%
Abbott Laboratories0.30%
Fortinet Inc Common Stock0.26%
Texas Instruments Inc0.26%
Altria Group Inc Common0.25%
Humana Inc Common Stock0.24%
American Water Works Co0.22%
Baker Hughes Co Common0.20%

Only in ROCY

38 securities, 18.9% of ROCY by weight

JPMorgan U.s. Government2.52%
Wells Fargo & Co Common1.97%
Csx Corp Common Stock USD1.25%
Bank of America Corp1.09%
Morgan Stanley Dean0.72%
Analog Devices Inc0.66%
Hilton Worldwide Holdings0.63%
Northrop Grumman Corp0.61%
Digital Realty Trust Inc0.53%
Prologis Inc Reit USD0.52%
Ge Vernova Inc Common0.50%
Salesforce.com Inc.0.48%
Cms Energy Corp Common0.46%
Metlife Inc Common Stock0.45%
Asml Holding NV Ny Reg0.45%
State Street Corp Common0.44%
Ameriprise Financial Inc0.43%
Performance Food Group Co0.42%
Cigna Group/The Common0.39%
First Citizens0.34%
Bj's Wholesale Club0.34%
Axalta Coating Systems0.32%
Cognizant Technology0.31%
Blackstone Group Inc/The0.30%
Intuit Inc Common Stock0.29%
Elanco Animal Health Inc0.29%
Textron Inc Common Stock0.24%
Arista Networks Inc0.22%
Spotify Technology SA0.21%
Oracle Corp Common Stock0.21%
Dupont De Nemours Inc0.20%
Qnity Electronics Inc0.20%
Linde PLC Common Stock0.19%
Motorola Solutions Inc0.17%
Roper Technologies Inc0.17%
Fidelity National0.15%
Sandisk Corp Common0.09%
Vistra Corp Common Stock0.07%

Weight gaps

All 73 Holdings in both funds, largest gap first.

Holding weights in JEPI and ROCY, widest gap first
Holding	More in JEPIMore in ROCY	JEPI	ROCY
NVIDIA Corp Common StockNVDA	ROCY +6.43 points	1.69%	8.12%
Apple Inc Common StockAAPL	ROCY +5.65 points	1.94%	7.59%
Microsoft Corp CommonMSFT	ROCY +4.67 points	1.94%	6.61%
Alphabet Inc-Cl A -GOOGL	ROCY +2.70 points	1.43%	4.13%
Amazon.com Inc CommonAMZN	ROCY +2.25 points	1.74%	3.99%
Exxonmobil Holdings CorpXOM	ROCY +1.75 points	0.37%	2.12%
Costco Wholesale CorpCOST	JEPI +1.42 points	1.71%	0.29%
Johnson & Johnson CommonJNJ	JEPI +1.40 points	1.80%	0.40%
Micron Technology IncMU	ROCY +1.24 points	0.95%	2.19%
Nextera Energy IncNEE	JEPI +1.19 points	1.80%	0.61%
3M Co Common Stock USDMMM	JEPI +1.08 points	1.77%	0.69%
Trane Technologies PLC	JEPI +0.92 points	1.60%	0.68%
Meta Platforms Inc CommonMETA	ROCY +0.88 points	1.64%	2.52%
Tesla Inc Common StockTSLA	ROCY +0.82 points	0.58%	1.40%
Eog Resources Inc CommonEOG	JEPI +0.81 points	1.78%	0.97%
Lowe's Cos Inc CommonLOW	JEPI +0.78 points	1.56%	0.78%
American Express CoAXP	ROCY +0.68 points	0.28%	0.96%
Eaton Corp PLC CommonETN	JEPI +0.65 points	1.21%	0.56%
Mondelez InternationalMDLZ	JEPI +0.63 points	1.33%	0.70%
Thermo Fisher ScientificTMO	ROCY +0.63 points	0.30%	0.93%
Pepsico Inc Common StockPEP	JEPI +0.61 points	1.05%	0.44%
Seagate TechnologySTX	ROCY +0.60 points	0.29%	0.89%
Hewlett PackardHPE	ROCY +0.60 points	0.13%	0.73%
Netflix Inc Common StockNFLX	JEPI +0.56 points	0.75%	0.19%
Vertex PharmaceuticalsVRTX	JEPI +0.56 points	0.97%	0.41%
Crowdstrike Holdings IncCRWD	ROCY +0.55 points	0.08%	0.63%
Cme Group Inc CommonCME	ROCY +0.53 points	0.09%	0.62%
Broadcom Inc CommonAVGO	ROCY +0.52 points	1.61%	2.13%
Chipotle Mexican GrillCMG	JEPI +0.52 points	0.83%	0.31%
Berkshire Hathaway IncBRK.B	ROCY +0.51 points	0.24%	0.75%
Arthur J Gallagher & CoAJG	JEPI +0.49 points	0.77%	0.28%
Eli Lilly and CompanyLLY	ROCY +0.47 points	1.18%	1.65%
Advanced Micro DevicesAMD	ROCY +0.46 points	0.93%	1.39%
Charles Schwab Corp/TheSCHW	ROCY +0.45 points	0.16%	0.61%
Entergy Corp Common StockETR	JEPI +0.45 points	0.98%	0.53%
Corpay IncCPAY	JEPI +0.43 points	0.73%	0.30%
Howmet Aerospace IncHWM	JEPI +0.43 points	1.16%	0.73%
Walmart Inc Common StockWMT	JEPI +0.42 points	0.86%	0.44%
Philip MorrisPM	JEPI +0.39 points	1.73%	1.34%
Nxp Semiconductors NVNXPI	ROCY +0.38 points	0.22%	0.60%
Regeneron PharmaceuticalsREGN	JEPI +0.37 points	1.11%	0.74%
UnitedHealth Group IncUNH	ROCY +0.36 points	0.59%	0.95%
Progressive Corp/ThePGR	JEPI +0.30 points	1.00%	0.70%
Lam Research Corp CommonLRCX	JEPI +0.28 points	1.21%	0.93%
The Southern CompanySO	JEPI +0.25 points	0.95%	0.70%
The Procter & GamblePG	JEPI +0.25 points	0.51%	0.26%
The Walt Disney CompanyDIS	JEPI +0.25 points	0.89%	0.64%
Amphenol Corp CommonAPH	ROCY +0.20 points	0.48%	0.68%
Deere & Co Common StockDE	ROCY +0.19 points	0.50%	0.69%
United Parcel ServiceUPS	ROCY +0.19 points	0.12%	0.31%
American Tower Corp ReitAMT	ROCY +0.19 points	0.24%	0.43%
Tjx Cos Inc/The CommonTJX	ROCY +0.18 points	0.29%	0.47%
Bristol-Myers Squibb CoBMY	ROCY +0.18 points	0.64%	0.82%
Rtx CorpRTX	JEPI +0.17 points	1.24%	1.07%
Autodesk Inc CommonADSK	JEPI +0.16 points	0.32%	0.16%
The Coca-Cola CompanyKO	JEPI +0.14 points	0.51%	0.37%
Conocophillips CommonCOP	ROCY +0.14 points	0.92%	1.06%
AbbVie Inc Common StockABBV	JEPI +0.13 points	1.76%	1.63%
Palantir Technologies IncPLTR	JEPI +0.12 points	0.49%	0.37%
AT&T Inc Common Stock USDT	JEPI +0.12 points	0.54%	0.42%
Ventas Inc Reit USD 0.25VTR	JEPI +0.12 points	0.53%	0.41%
Vulcan Materials CoVMC	ROCY +0.11 points	0.22%	0.33%
Mastercard Inc CommonMA	JEPI +0.10 points	1.96%	1.86%
Edwards LifesciencesEW	ROCY +0.08 points	0.28%	0.36%
Dover Corp Common StockDOV	JEPI +0.08 points	0.64%	0.56%
Cadence Design SystemsCDNS	ROCY +0.08 points	0.14%	0.22%
Leidos Holdings IncLDOS	ROCY +0.06 points	0.18%	0.24%
Autozone Inc Common StockAZO	JEPI +0.04 points	0.49%	0.45%
Medtronic PLC CommonMDT	ROCY +0.05 points	0.56%	0.61%
Intel Corp Common StockINTC	JEPI +0.05 points	0.26%	0.21%
Mcdonald's Corp CommonMCD	ROCY +0.01 points	0.58%	0.59%
Corning Inc Common StockGLW	ROCY +0.01 points	0.16%	0.17%
Stryker Corp Common StockSYK	Same weight	0.61%	0.61%

All 133 JEPI holdings⁠All 111 ROCY 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 ROCY Cost

Same expense ratio

$7,126

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

JEPI 0.35%
$7,126
ROCY 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

JEPI 0.35%
ROCY 0.35%

Year by year

Year	JEPI	ROCY
10	$634	$634
20	$2,454	$2,454
30	$7,126	$7,126

Expense ratio

0.35%JEPI
0.35%ROCY

JEPI0.35%ROCY0.35%

0.25%0.92%

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

JEPI 2nd cheapest of 15 funds

ROCY 2nd cheapest of 15 funds

JEPI vs ROCY Dividends

Last 12 months to Oct 30, 2026

Yield (12M): JEPI 7.93%; ROCY No data
Payout (12M): JEPI $4.56; ROCY No data
Last payment: JEPI $0.34; ROCY $0.31
Ex-dividend: JEPI Oct 1, 2026; ROCY Oct 1, 2026
Paid on: JEPI Oct 5, 2026; ROCY Oct 5, 2026
Frequency: JEPI Monthly; ROCY Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

JEPIMonthly · 45 paymentsAll JEPI payments⁠

ROCYMonthly · 6 paymentsAll ROCY payments⁠

JEPI vs ROCY 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%ROCY No data
Return per unit of riskSharpe ratio, 3 years: JEPI 0.87ROCY No data
Worst fallMax drawdown, 5 years: JEPI −13.7%ROCY No data
Market sensitivityBeta, 5 years: JEPI 0.43ROCY 0.69; Market = 1

JEPI and ROCY in the news

All news⁠

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Oct 30, 2026JEPI
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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 ROCY

In short

Stated mandate

Why people hold it