JEPI vs YLDY: Grades, Fees and Holdings Compared

JPMorgan Equity Premium Income ETF

JEPIANYSE Arca

Horizon High Income ETF

YLDY—Cboe

Overlap

35.3%by weight

Expense ratio

JEPI −0.35pt a year

JEPI0.35%YLDY0.70%

Avg volume · 30D

JEPI 268.8×the volume

JEPI4.4MYLDY16.4K

JEPI vs YLDY Performance

Oct 2, 2026 – Nov 2, 2026

+2.9%JEPI−0.9%YLDY

Expense ratio: JEPI 0.35%, better; YLDY 0.70%
Fund size: JEPI $46.2B; YLDY $21M
1Y total return: JEPI +9.9%; YLDY No data
Yield (12M): JEPI 8.56%; YLDY No data
Holdings: JEPI 133; YLDY 199
Avg volume (30D): JEPI 4.4M sh, better; YLDY 16.4K sh
NAV per share: JEPI $57.54; YLDY $24.37
52W range

ETF.net Grade

—YLDYNot yet graded

Pillar letters and Scores for JEPI, YLDY, with each pillar’s weight
Pillar	JEPI	YLDY
Cost30% weight	A87	Not scored
Mission25% weight	A100	Not scored
Risk15% weight	C53	Not scored
Tradability15% weight	A76	Not scored
Holdings10% weight	A80	Not scored
Durability5% weight	A94	Not scored

Rank among S&P 500 Active Option Income funds

How we build Categories ›

S&P 500 Active Option Income⁠

Category · 15 funds

See all 15 ›

JEPI ranks 1st 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
YLDYNot yet graded

Our read on each fund

ETF.net Research

JEPIAJPMorgan Equity Premium Income ETF

YLDY—Horizon High 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.

YLDY 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.

YLDY 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

YLDY 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

YLDY No data

Full JEPI profile⁠

Full YLDY profile⁠

JEPI vs YLDY Holdings

How JEPI and YLDY differ

Overlap by weight

35.3%

Shared holdings make up 66.0% of JEPI and 56.4% of YLDY.

Level by level

Holdings80 in both35.3%
Sector11 Sectors73.9%
Asset classEquity100%
Countryby domicile99.6%

Sector

Sector weights in JEPI and YLDY, widest gap first
Sector	More in JEPIMore in YLDY	JEPI	YLDY
Technology	YLDY +23.8 points	18.4%	42.2%
Health Care	JEPI +7.9 points	14.5%	6.6%
Industrials	JEPI +7.2 points	12.0%	4.8%
Utilities	JEPI +3.2 points	5.9%	2.7%
Consumer Staples	JEPI +2.6 points	10.5%	7.9%
Real Estate	JEPI +2.3 points	2.3%	0.0%
Consumer Discretionary	JEPI +2.2 points	10.4%	8.2%
Energy	YLDY +1.6 points	3.9%	5.5%
Communication	YLDY +0.7 points	8.5%	9.2%
Materials	JEPI +0.5 points	1.6%	1.1%
Financials	JEPI +0.2 points	12.0%	11.8%

Country, concentration and asset class

Country by domicile

Country weights in JEPI and YLDY, widest gap first
Country	More in JEPIMore in YLDY	JEPI	YLDY
United States	YLDY +0.4 points	99.1%	99.5%
Switzerland	JEPI +0.4 points	0.9%	0.5%

Concentration

Weight in the 10 largest Holdings

JEPI18.4%
YLDY36.2%

Securities held

JEPI133
YLDY198

Asset class

JEPI: Equity
YLDY: Equity

Holdings

Only in JEPI53
In both80
Only in YLDY118

Only in JEPI

53 securities, 34.1% of JEPI by weight

Apple Inc Common Stock1.90%
JPMorgan Prime Money1.80%
Amazon.com Inc Common1.77%
Rtx Corp1.25%
Ecolab Inc Common Stock1.18%
SPX_120.96%
SPX_110.95%
Sempra Common Stock USD 00.95%
SPX_100.95%
SPX_180.92%
SPX_170.91%
SPX_160.91%
SPX_140.91%
SPX_150.91%
SPX_80.89%
SPX_90.89%
Equinix Inc Reit USD0.89%
SPX_70.89%
SPX_200.88%
SPX_210.88%
SPX_190.88%
SPX_130.87%
Advanced Micro Devices0.86%
Chipotle Mexican Grill0.85%
Corpay Inc0.74%
Dover Corp Common Stock0.66%
Intuitive Surgical Inc0.65%
Ventas Inc Reit USD 0.250.54%
Doordash Inc Common0.53%
Autozone Inc Common Stock0.50%
Amphenol Corp Common0.48%
Church & Dwight Co Inc0.46%
Burlington Stores Inc0.33%
Autodesk Inc Common0.33%
Applied Materials Inc0.32%
Abbott Laboratories0.31%
American Express Co0.28%
Edwards Lifesciences0.28%
Fortinet Inc Common Stock0.24%
Berkshire Hathaway Inc0.24%
Humana Inc Common Stock0.24%
American Tower Corp Reit0.24%
American Water Works Co0.23%
Vulcan Materials Co0.22%
Nxp Semiconductors NV0.22%
Welltower Inc0.20%
Leidos Holdings Inc0.19%
Affirm Holdings Inc0.12%
Cadence Design Systems0.12%
Cme Group Inc Common0.11%

Only in YLDY

118 securities, 43.3% of YLDY by weight

Apple Inc6.52%
Amazon.com Inc2.90%
JPMorgan Chase & Co.2.03%
Chevron Corp1.25%
Berkshire Hathaway Inc1.21%
Home Depot Inc/The1.12%
Advanced Micro Devices Inc1.03%
Cisco Systems Inc1.02%
International Business Machines Corp0.90%
Bank of America Corp0.80%
Morgan Stanley0.70%
Wells Fargo & Co0.59%
Analog Devices Inc0.58%
Goldman Sachs Group Inc/The0.57%
RTX Corp0.57%
Amgen Inc0.56%
Applied Materials Inc0.53%
Dell Technologies Inc0.52%
Salesforce Inc0.51%
Linde PLC0.49%
Pfizer Inc0.46%
Caterpillar Inc0.46%
Gilead Sciences Inc0.45%
Palo Alto Networks Inc0.44%
Amphenol Corp0.44%
Ge Aerospace0.44%
Blackrock Inc0.42%
Kla Corp0.41%
Lockheed Martin Corp0.39%
Marriott International Inc/MD0.39%
Abbott Laboratories0.39%
American Express Co0.37%
Intuit Inc0.37%
Arista Networks Inc0.37%
Oracle Corp0.36%
Marvell Technology Inc0.36%
Automatic Data Processing Inc0.34%
Motorola Solutions Inc0.34%
Duke Energy Corp0.32%
Ford Motor Co0.32%
Sandisk Corp0.31%
General Motors Co0.31%
GE Vernova Inc0.28%
Garmin Ltd0.27%
PNC Financial Services Group Inc/The0.23%
ServiceNow Inc0.23%
Fortinet Inc0.23%
Waste Management Inc0.22%
Capital One Financial Corp0.22%
Blackstone Inc0.22%

Weight gaps

All 80 Holdings in both funds, largest gap first.

Holding weights in JEPI and YLDY, widest gap first
Holding	More in JEPIMore in YLDY	JEPI	YLDY
NVIDIA Corp Common StockNVDA	YLDY +5.01 points	1.66%	6.67%
Microsoft Corp CommonMSFT	YLDY +4.07 points	1.87%	5.94%
Alphabet Inc-Cl A -GOOGL	YLDY +2.78 points	1.42%	4.20%
Exxonmobil Holdings CorpXOM	YLDY +1.59 points	0.35%	1.94%
3M Co Common Stock USDMMM	JEPI +1.59 points	1.81%	0.22%
Eog Resources Inc CommonEOG	JEPI +1.57 points	1.69%	0.12%
Trane Technologies PLC	JEPI +1.45 points	1.61%	0.16%
Nextera Energy IncNEE	JEPI +1.30 points	1.82%	0.52%
Mastercard Inc CommonMA	JEPI +1.27 points	2.02%	0.75%
Costco Wholesale CorpCOST	JEPI +1.22 points	1.75%	0.53%
Mondelez InternationalMDLZ	JEPI +1.20 points	1.36%	0.16%
Lowe's Cos Inc CommonLOW	JEPI +1.14 points	1.62%	0.48%
Howmet Aerospace IncHWM	JEPI +1.13 points	1.23%	0.10%
Regeneron PharmaceuticalsREGN	JEPI +1.03 points	1.14%	0.11%
Ross Stores Inc CommonROST	JEPI +0.96 points	1.23%	0.27%
Eaton Corp PLC CommonETN	JEPI +0.93 points	1.20%	0.27%
Vertiv Holdings CoVRT	JEPI +0.91 points	1.02%	0.11%
Vertex PharmaceuticalsVRTX	JEPI +0.85 points	0.95%	0.10%
Entergy Corp Common StockETR	JEPI +0.83 points	0.97%	0.14%
Philip MorrisPM	JEPI +0.80 points	1.71%	0.91%
Visa Inc Common Stock USDV	JEPI +0.76 points	1.90%	1.14%
Broadcom Inc CommonAVGO	YLDY +0.69 points	1.63%	2.32%
Aon PLC Common Stock USDAON	JEPI +0.69 points	0.78%	0.09%
Arthur J Gallagher & CoAJG	JEPI +0.67 points	0.78%	0.11%
Tesla Inc Common StockTSLA	YLDY +0.66 points	0.52%	1.18%
Lam Research Corp CommonLRCX	JEPI +0.64 points	1.14%	0.50%
Emerson Electric CoEMR	JEPI +0.63 points	0.84%	0.21%
The Southern CompanySO	JEPI +0.62 points	0.96%	0.34%
Texas Instruments IncTXN	YLDY +0.60 points	0.26%	0.86%
Progressive Corp/ThePGR	JEPI +0.60 points	1.01%	0.41%
Conocophillips CommonCOP	JEPI +0.58 points	0.87%	0.29%
Merck & Co Inc CommonMRK	YLDY +0.56 points	0.37%	0.93%
Citigroup Inc CommonC	JEPI +0.53 points	0.98%	0.45%
Pepsico Inc Common StockPEP	JEPI +0.54 points	1.07%	0.53%
The Procter & GamblePG	YLDY +0.54 points	0.50%	1.04%
Stryker Corp Common StockSYK	JEPI +0.52 points	0.64%	0.12%
The Coca-Cola CompanyKO	YLDY +0.50 points	0.52%	1.02%
Chubb Ltd Common StockCB	JEPI +0.49 points	0.72%	0.23%
Cummins Inc Common StockCMI	JEPI +0.49 points	0.64%	0.15%
Meta Platforms Inc CommonMETA	YLDY +0.43 points	1.62%	2.05%
Netflix Inc Common StockNFLX	JEPI +0.42 points	0.75%	0.33%
Micron Technology IncMU	YLDY +0.42 points	0.89%	1.31%
Eli Lilly and CompanyLLY	YLDY +0.41 points	1.17%	1.58%
Deere & Co Common StockDE	JEPI +0.38 points	0.49%	0.11%
Walmart Inc Common StockWMT	JEPI +0.38 points	0.89%	0.51%
The Walt Disney CompanyDIS	JEPI +0.37 points	0.90%	0.53%
Verizon CommunicationsVZ	YLDY +0.36 points	0.37%	0.73%
S&P Global Inc CommonSPGI	JEPI +0.36 points	0.55%	0.19%
Yum Brands Inc CommonYUM	JEPI +0.35 points	0.67%	0.32%
Crowdstrike Holdings IncCRWD	YLDY +0.34 points	0.07%	0.41%
Bristol-Myers Squibb CoBMY	JEPI +0.33 points	0.64%	0.31%
AbbVie Inc Common StockABBV	JEPI +0.31 points	1.71%	1.40%
Medtronic PLC CommonMDT	JEPI +0.32 points	0.58%	0.26%
Fedex Corp Common StockFDX	JEPI +0.29 points	0.45%	0.16%
UnitedHealth Group IncUNH	YLDY +0.28 points	0.58%	0.86%
Mckesson Corp CommonMCK	JEPI +0.28 points	0.39%	0.11%
Us Bancorp Common StockUSB	JEPI +0.22 points	0.46%	0.24%
Johnson & Johnson CommonJNJ	JEPI +0.22 points	1.77%	1.55%
United Parcel ServiceUPS	YLDY +0.20 points	0.12%	0.32%
Tjx Cos Inc/The CommonTJX	YLDY +0.20 points	0.29%	0.49%
Keurig Dr Pepper IncKDP	JEPI +0.18 points	0.31%	0.13%
Hewlett PackardHPE	YLDY +0.14 points	0.16%	0.30%
Western Digital CorpWDC	YLDY +0.14 points	0.15%	0.29%
Union Pacific Corp CommonUNP	YLDY +0.14 points	0.32%	0.46%
General Dynamics CorpGD	JEPI +0.14 points	0.37%	0.23%
Corning Inc Common StockGLW	YLDY +0.12 points	0.16%	0.28%
Booking Holdings IncBKNG	YLDY +0.12 points	0.18%	0.30%
Mcdonald's Corp CommonMCD	YLDY +0.12 points	0.59%	0.71%
Thermo Fisher ScientificTMO	JEPI +0.11 points	0.29%	0.18%
Altria Group Inc CommonMO	YLDY +0.10 points	0.24%	0.34%
Baker Hughes Co CommonBKR	JEPI +0.10 points	0.19%	0.09%
Charles Schwab Corp/TheSCHW	YLDY +0.10 points	0.16%	0.26%
Palantir Technologies IncPLTR	YLDY +0.09 points	0.50%	0.59%
Kimberly-Clark CorpKMB	YLDY +0.08 points	0.02%	0.10%
Accenture PLC CommonACN	YLDY +0.07 points	0.67%	0.74%
Seagate TechnologySTX	YLDY +0.07 points	0.26%	0.33%
Cvs Health Corp CommonCVS	YLDY +0.06 points	0.18%	0.24%
Intel Corp Common StockINTC	YLDY +0.06 points	0.23%	0.29%
AT&T Inc Common Stock USDT	YLDY +0.04 points	0.54%	0.58%
T-Mobile Us Inc CommonTMUS	JEPI +0.02 points	0.56%	0.54%

All 133 JEPI holdings⁠All 200 YLDY 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 YLDY Cost

Overpaying YLDY vs JEPI

$6,480

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

JEPI 0.35%
$7,126
YLDY 0.70%
$13,606

Amount$10,000

Years30 years

Cost over time

JEPI 0.35%
YLDY 0.70%
Overpaying

Year by year

Year	JEPI	YLDY	Overpaying
10	$634	$1,250	$616
20	$2,454	$4,760	$2,306
30	$7,126	$13,606	$6,480

Expense ratio

0.35%JEPI, cheaper
0.70%YLDY

JEPI0.35%YLDY0.70%

0.25%0.92%

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

JEPI 2nd cheapest of 15 funds

YLDY 10th cheapest of 15 funds

JEPI vs YLDY Dividends

Last 12 months to Nov 2, 2026

Yield (12M): JEPI 8.56%; YLDY No data
Payout (12M): JEPI $4.91; YLDY No data
Last payment: JEPI $0.35; YLDY $0.24
Ex-dividend: JEPI Nov 2, 2026; YLDY Oct 29, 2026
Paid on: JEPI Pays Nov 4, 2026; YLDY Oct 30, 2026
Frequency: JEPI Monthly; YLDY Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

JEPIMonthly · 46 paymentsAll JEPI payments⁠

YLDYMonthly · 3 paymentsAll YLDY payments⁠

JEPI vs YLDY 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%YLDY No data
Return per unit of riskSharpe ratio, 3 years: JEPI 0.87YLDY No data
Worst fallMax drawdown, 5 years: JEPI −13.7%YLDY No data
Market sensitivityBeta, 5 years: JEPI 0.43YLDY 0.00; Market = 1

JEPI and YLDY in the news

All news⁠

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JEPI vs YLDY

In short

Stated mandate

Why people hold it