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JEPQ vs QQQY

JPMorgan Nasdaq Equity Premium Income ETF

JEPQANasdaq

Defiance Nasdaq 100 Weekly Distribution ETF

QQQYCNasdaq

Overlap

Expense ratio

JEPQ −0.66pt a year

JEPQ0.35%QQQY1.01%

Avg volume · 30D

JEPQ 64.2×the volume

JEPQ6.35MQQQY99K

3Y return · a year

JEPQ +4.7pt

JEPQ+20.0%QQQY+15.3%

JEPQ vs QQQY Performance

Oct 31, 2025 – Oct 30, 2026

+9.5%JEPQ+11.1%QQQY

Oct 31, 2025 to Oct 30, 2026. JEPQ +9.5%. QQQY +11.1%. Use the arrow keys to read each point.−10%−5%0%15%20%Oct 2025Apr 2026Oct 2026
Expense ratio
JEPQ 0.35%, better
QQQY 1.01%
Fund size
JEPQ $42.5B
QQQY $179M
1Y total return
JEPQ +9.5%
QQQY +11.1%, better
Yield (12M)
JEPQ 11.96%
QQQY 35.31%, better
Holdings
JEPQ 111
QQQY 4
Avg volume (30D)
JEPQ 6.35M sh, better
QQQY 99K sh
NAV per share
JEPQ $57.56
QQQY $20.47
52W range

ETF.net Grade

JEPQ: Cost 82, Risk 69, Mission 100, Tradability 76, Holdings 47, Durability 91. QQQY: Cost 17, Risk 43, Mission 70, Tradability 61, Holdings not scored, Durability 54.
Pillar letters and Scores for JEPQ, QQQY, with each pillar’s weight
PillarJEPQQQQY
Cost30% weightA82HigherF17
Mission25% weightA100HigherA70
Risk15% weightB69HigherC43
Tradability15% weightA76HigherB61
Holdings10% weightC47Not scored
Durability5% weightA91HigherC54

Rank among Nasdaq-100 Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. JEPQ and QQQY are both graded against the same 30 Nasdaq-100 Option Income funds, so their Grades compare head to head.

Nasdaq-100 Option Income⁠

Category · 30 funds
See all 30 ›

JEPQ ranks 3rd and QQQY 20th of 30 funds in the Nasdaq-100 Option Income Category.

  1. Rank 1AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 83
  2. Rank 2AQQAInvesco QQQ Income Advantage ETFScore 82
  3. Rank 3AJEPQJPMorgan Nasdaq Equity Premium Income ETFScore 80
  4. Rank 4AQYLDGlobal X Nasdaq 100 Covered Call ETFScore 79
  5. Rank 19CQXQSGI Enhanced Nasdaq 100 ETFScore 51
  6. Rank 20CQQQYDefiance Nasdaq 100 Weekly Distribution ETFScore 45
  7. Rank 21DCANQCalamos Nasdaq Equity & Income ETFScore 39

Our read on each fund

ETF.net Research

JEPQAJPMorgan Nasdaq Equity Premium Income ETF

QQQYCDefiance Nasdaq 100 Weekly Distribution ETF

In short

JEPQ Most Nasdaq income funds bolt call options onto the index and call it a day. JEPQ picks its own roughly 110 US large-cap stocks, then writes out-of-the-money Nasdaq-100 calls on top, aiming for monthly income with less volatility than the index itself.

QQQY The original 0DTE income fund. QQQY sells an in-the-money Nasdaq-100 put every trading day, holds Treasuries as collateral, and pays on a weekly schedule against a stated 30% annual distribution target.

Stated mandate

JEPQ The fund seeks current income while preserving potential for capital appreciation. It combines a data-science-driven portfolio of U.S. large-cap stocks with written out-of-the-money Nasdaq-100 Index call options and seeks lower volatility than the Nasdaq-100 Index.

QQQY The Fund seeks current income and secondary exposure to the performance of the Nasdaq 100 Index.

Why people hold it

  • JEPQ Charges 0.35% a year, roughly half the typical fee among Nasdaq options-income funds and well under QYLD's 0.60%.
  • Income is manufactured by writing out-of-the-money Nasdaq-100 calls and paid out monthly, rather than harvested from high-dividend stocks.jpmorgan.com
  • One of the largest and most heavily traded funds in the Nasdaq options-income group, which generally means tight spreads and easy entry and exit.
  • The calls are struck out of the money, so the mandate keeps room for capital appreciation in the stock sleeve alongside the payout.jpmorgan.com
  • QQQY Launched September 2023 as the first ETF built around daily-expiring (0DTE) index options for income.businesswire.com
  • The machinery is easy to picture: sell one in-the-money Nasdaq-100 put per trading day, hold Treasuries behind it, keep the premium.defianceetfs.com
  • The payout policy is written down, not improvised: a 30% annual distribution rate target, paid weekly.

Worth knowing

  • JEPQ The overlay clips the top off big Nasdaq rallies: premium comes in, but stock gains above the call strikes go to the option buyer.jpmorgan.com
  • Monthly payouts float with option premiums, which move with market volatility. This is variable income, not a fixed coupon.
  • About 110 US large-cap holdings paired with a Nasdaq-100 overlay: concentrated, tech-leaning exposure rather than a broad-market portfolio.jpmorgan.com
  • QQQY The 1.01% fee sits above most Nasdaq-100 income funds; covered-call peers JEPQ, GPIQ and QYLG charge 0.35%.
  • Distributions can include return of capital, which hands back part of your own investment and reduces the share price.defianceetfs.com
  • Put-writing takes the index's downside while gains stop at the premium collected. You hold Treasuries and options, not Nasdaq-100 shares.defianceetfs.com

Full JEPQ profile⁠

Full QQQY profile⁠

JEPQ vs QQQY 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.

JEPQ vs QQQY Cost

Overpaying QQQY vs JEPQ

$11,724

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

  • JEPQ 0.35%

    $7,126

  • QQQY 1.01%

    $18,850

$10,000
30 years

Cost over time

  • JEPQ 0.35%
  • QQQY 1.01%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QQQY $18,850JEPQ $7,126

Year by year

YearJEPQQQQYOverpaying
10$634$1,780$1,146
20$2,454$6,686$4,232
30$7,126$18,850$11,724

Expense ratio

  • 0.35%JEPQ, cheaper
  • 1.01%QQQY
  • Middle half of Nasdaq-100 Option Income funds
  • Median 0.71%

JEPQ 4th cheapest of 30 funds

QQQY 25th cheapest of 30 funds

JEPQ vs QQQY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
JEPQ 11.96%
QQQY 35.31%, better
Payout (12M)
JEPQ $6.88
QQQY $7.22
Last payment
JEPQ $0.57
QQQY $0.12
Ex-dividend
JEPQ Oct 1, 2026
QQQY Oct 29, 2026
Paid on
JEPQ Oct 5, 2026
QQQY Oct 30, 2026
Frequency
JEPQ Monthly
QQQY Weekly

Distribution history

Per share, 2026, same scale for both

JEPQMonthly · 9 paymentsAll JEPQ payments⁠
One bar per payment. 9 payments in 2026 YTD. Feb 2, 2026 $0.47; Mar 2, 2026 $0.51; Apr 1, 2026 $0.56; May 1, 2026 $0.59; Jun 1, 2026 $0.56; Jul 1, 2026 $0.64; Aug 3, 2026 $0.70; Sep 1, 2026 $0.68; Oct 1, 2026 $0.57. Use the arrow keys to read each point.$0$0.502026YTD
QQQYWeekly · 43 paymentsAll QQQY payments⁠
One bar per payment. 43 payments in 2026 YTD. Jan 8, 2026 $0.14; Jan 15, 2026 $0.14; Jan 22, 2026 $0.13; Jan 29, 2026 $0.14; Feb 5, 2026 $0.13; Feb 12, 2026 $0.13; Feb 19, 2026 $0.13; Feb 26, 2026 $0.13; Mar 5, 2026 $0.13; Mar 12, 2026 $0.13; Mar 19, 2026 $0.13; Mar 26, 2026 $0.12; Apr 2, 2026 $0.12; Apr 9, 2026 $0.12; Apr 16, 2026 $0.13; Apr 23, 2026 $0.13; Apr 30, 2026 $0.13; May 7, 2026 $0.14; May 14, 2026 $0.14; May 21, 2026 $0.14; May 28, 2026 $0.14; Jun 4, 2026 $0.14; Jun 11, 2026 $0.14; Jun 18, 2026 $0.14; Jun 25, 2026 $0.14; Jul 2, 2026 $0.14; Jul 9, 2026 $0.13; Jul 16, 2026 $0.13; Jul 23, 2026 $0.13; Jul 30, 2026 $0.13; Aug 6, 2026 $0.13; Aug 13, 2026 $0.13; Aug 20, 2026 $0.13; Aug 27, 2026 $0.13; Sep 3, 2026 $0.13; Sep 10, 2026 $0.13; Sep 17, 2026 $0.13; Sep 24, 2026 $0.13; Oct 1, 2026 $0.13; Oct 8, 2026 $0.13; Oct 15, 2026 $0.13; Oct 22, 2026 $0.12; Oct 29, 2026 $0.12. Use the arrow keys to read each point.$0$0.502026YTD

JEPQ vs QQQY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
JEPQ 11.8%, betterQQQY 15.7%
Return per unit of riskSharpe ratio, 3 years
JEPQ 1.24, betterQQQY 0.70
Worst fallMax drawdown, 5 years
JEPQ −20.1%since May 2022QQQY −18.9%since Sep 2023
Market sensitivityBeta, 5 years
JEPQ 0.83QQQY 0.99

JEPQ and QQQY in the news

All news⁠

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