JEPQ vs ROCQ

JEPQAJPMorgan Nasdaq Equity Premium Income ETF

ROCQBJPMorgan Nasdaq Equity Premium Yield 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.

ROCQ JPMorgan's newer Nasdaq income build: a data-driven basket of Nasdaq-listed stocks paired with sold call spreads, so upside is squeezed into a band rather than capped outright. Fee: 0.35% a year.

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.

ROCQ ROCQ seeks current yield alongside capital appreciation and total return by investing in NASDAQ-listed stocks and selling call option spreads. Its long-equity portfolio uses a proprietary data-science-driven allocation approach and seeks lower volatility than 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

• ROCQ Fee runs 0.35%, about half the typical Nasdaq options-income fund. Level with JEPQ, GPIQ and QYLG, and well under QYLD.
• Sells call spreads rather than plain covered calls: premium collected is smaller, but the upside handed away stops at the upper strike instead of running on.
• The stock side is not the index. Roughly 100 Nasdaq-listed names chosen by a data-science model that aims for lower volatility than the Nasdaq-100 itself.
• Sits in the upper half of a crowded Nasdaq options-income cohort, mostly on price and risk profile.

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

• ROCQ Launched in 2026, so the public record is short and risk readings lean on limited history.
• JPMorgan discloses that distributions can include return of capital, meaning part of a payout may be your own principal coming back.
• Trading is moderate rather than heavy for this category, so bid-ask spreads can sit wider than at the household-name Nasdaq income funds.

Full JEPQ profile⁠

Full ROCQ profile⁠