JOYT vs ROCY: Grades, Fees and Holdings Compared

JPMorgan Equity and Options Total Return ETF

JOYTANasdaq

JPMorgan Equity Premium Yield ETF

ROCYANasdaq

Overlap

97.1%by weight

Expense ratio

JOYT0.35%ROCY0.35%

Avg volume · 30D

ROCY 34.0×the volume

JOYT7.23KROCY245K

JOYT vs ROCY Performance

Jul 31, 2026 – Oct 30, 2026

+2.1%JOYT+1.5%ROCY

Expense ratio: JOYT 0.35%; ROCY 0.35%
Fund size: JOYT $117M; ROCY $880M
1Y total return: JOYT +13.0%; ROCY No data
Yield (12M): JOYT 0.76%; ROCY No data
Holdings: JOYT 112; ROCY 112
Avg volume (30D): JOYT 7.23K sh; ROCY 245K sh, better
NAV per share: JOYT $59.32; ROCY $54.63
52W range

ETF.net Grade

Pillar letters and Scores for JOYT, ROCY, with each pillar’s weight
Pillar	JOYT	ROCY
Cost30% weight	A87	A87
Mission25% weight	A100	Not scored
Risk15% weight	B67	A83Higher
Tradability15% weight	D39	C53Higher
Holdings10% weight	B69	B69
Durability5% weight	B60	B65Higher

Rank among S&P 500 Active Option Income funds

How we build Categories ›

Same Category. JOYT 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 ›

JOYT ranks 2nd 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

JOYTAJPMorgan Equity and Options Total Return ETF

ROCYAJPMorgan Equity Premium Yield ETF

In short

JOYT JOYT sells options against a concentrated book of large-cap U.S. stocks, but the premium is aimed at total return and lower volatility rather than a monthly paycheck. Distributions land once or twice a year.

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

JOYT JOYT seeks total return with lower volatility than the overall U.S. large-cap market through dividends, options premium, and capital appreciation. It uses an actively managed portfolio of primarily established large-cap U.S. equities and an options overlay intended to diversify returns and reduce volatility.

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

JOYT 0.35% a year, roughly a third of the median for its active options-overlay peers. Unusual pricing for a fund where a manager is both picking the stocks and writing the options.
About 110 large-cap U.S. names, actively chosen, with an options overlay layered on top to diversify returns and damp volatility versus the broad U.S. large-cap market.
Sits among the stronger implementations in a crowded field of active options-overlay funds, and the portfolio it actually holds matches the mandate in its documents.

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

JOYT Launched in 2025, so there is no record through a full market cycle yet.
Thinly traded with modest assets, so spreads can run wider than at the category's largest funds.
Payouts arrive annually or semiannually, not monthly, so the premium is largely working inside the fund rather than landing in your account.

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 JOYT profile⁠

Full ROCY profile⁠

JOYT vs ROCY Holdings

How JOYT and ROCY differ

Overlap by weight

97.1%

Shared holdings make up 97.6% of ROCY and 97.5% of JOYT.

Level by level

Holdings110 in both97.1%
Asset classEquity100%
Countryby domicile100%

Sector

No Sector split for ROCY.

Country, concentration and asset class

Country by domicile

Country weights in JOYT and ROCY, widest gap first
Country	More in JOYTMore in ROCY	JOYT	ROCY
United States	Same weight	99.5%	99.5%
Netherlands	Same weight	0.5%	0.5%

Concentration

Weight in the 10 largest Holdings

JOYT42.2%
ROCY41.9%

Securities held

JOYT111
ROCY111

Asset class

JOYT: Equity
ROCY: Equity

Holdings

Only in JOYT1
In both110
Only in ROCY1

Only in JOYT

1 security, 2.9% of JOYT by weight

JPMorgan Prime Money2.86%

Only in ROCY

1 security, 2.5% of ROCY by weight

JPMorgan U.s. Government2.52%

Weight gaps

The 100 widest of 110 Holdings in both funds.

Holding weights in JOYT and ROCY, widest gap first
Holding	More in JOYTMore in ROCY	JOYT	ROCY
Wells Fargo & Co CommonWFC	JOYT +0.09 points	2.06%	1.97%
Autozone Inc Common StockAZO	ROCY +0.03 points	0.42%	0.45%
Microsoft Corp CommonMSFT	ROCY +0.03 points	6.58%	6.61%
Asml Holding NV Ny RegASML	ROCY +0.02 points	0.42%	0.45%
Apple Inc Common StockAAPL	ROCY +0.02 points	7.57%	7.59%
NVIDIA Corp Common StockNVDA	ROCY +0.02 points	8.10%	8.12%
Trane Technologies PLC	ROCY +0.01 points	0.67%	0.68%
Analog Devices IncADI	ROCY +0.01 points	0.65%	0.66%
Micron Technology IncMU	ROCY +0.02 points	2.17%	2.19%
Seagate TechnologySTX	ROCY +0.02 points	0.87%	0.89%
Sandisk Corp CommonSNDK	JOYT +0.01 points	0.10%	0.09%
Meta Platforms Inc CommonMETA	ROCY +0.01 points	2.51%	2.52%
Ge Vernova Inc CommonGEV	ROCY +0.01 points	0.49%	0.50%
Eaton Corp PLC CommonETN	ROCY +0.01 points	0.55%	0.56%
Spotify Technology SASPOT	ROCY +0.01 points	0.20%	0.21%
Eli Lilly and CompanyLLY	ROCY +0.01 points	1.64%	1.65%
Mastercard Inc CommonMA	ROCY +0.01 points	1.85%	1.86%
Csx Corp Common Stock USDCSX	ROCY +0.01 points	1.24%	1.25%
Costco Wholesale CorpCOST	Same weight	0.29%	0.29%
Intuit Inc Common StockINTU	Same weight	0.29%	0.29%
Stryker Corp Common StockSYK	Same weight	0.61%	0.61%
First CitizensFCNCA	ROCY +0.01 points	0.33%	0.34%
Motorola Solutions IncMSI	Same weight	0.17%	0.17%
Eog Resources Inc CommonEOG	ROCY +0.01 points	0.96%	0.97%
Conocophillips CommonCOP	ROCY +0.01 points	1.05%	1.06%
Bristol-Myers Squibb CoBMY	ROCY +0.01 points	0.81%	0.82%
Nxp Semiconductors NVNXPI	Same weight	0.60%	0.60%
Advanced Micro DevicesAMD	Same weight	1.39%	1.39%
UnitedHealth Group IncUNH	ROCY +0.01 points	0.94%	0.95%
Lam Research Corp CommonLRCX	ROCY +0.01 points	0.92%	0.93%
Corpay IncCPAY	Same weight	0.30%	0.30%
Hewlett PackardHPE	ROCY +0.01 points	0.72%	0.73%
Arthur J Gallagher & CoAJG	ROCY +0.01 points	0.27%	0.28%
Ameriprise Financial IncAMP	Same weight	0.43%	0.43%
State Street Corp CommonSTT	Same weight	0.44%	0.44%
Thermo Fisher ScientificTMO	Same weight	0.93%	0.93%
Cme Group Inc CommonCME	ROCY +0.01 points	0.61%	0.62%
Alphabet Inc-Cl A -GOOGL	Same weight	4.13%	4.13%
American Tower Corp ReitAMT	JOYT +0.01 points	0.44%	0.43%
The Procter & GamblePG	ROCY +0.01 points	0.25%	0.26%
Arista Networks IncANET	Same weight	0.22%	0.22%
Fidelity NationalFIS	Same weight	0.15%	0.15%
Qnity Electronics IncQ	Same weight	0.20%	0.20%
Autodesk Inc CommonADSK	JOYT +0.01 points	0.17%	0.16%
Howmet Aerospace IncHWM	Same weight	0.73%	0.73%
Amphenol Corp CommonAPH	Same weight	0.68%	0.68%
Hilton Worldwide HoldingsHLT	Same weight	0.63%	0.63%
Palantir Technologies IncPLTR	ROCY +0.01 points	0.36%	0.37%
3M Co Common Stock USDMMM	ROCY +0.01 points	0.68%	0.69%
Cadence Design SystemsCDNS	Same weight	0.22%	0.22%
Northrop Grumman CorpNOC	Same weight	0.61%	0.61%
Cigna Group/The CommonCI	Same weight	0.39%	0.39%
Berkshire Hathaway IncBRK.B	Same weight	0.75%	0.75%
AbbVie Inc Common StockABBV	ROCY +0.01 points	1.62%	1.63%
Philip MorrisPM	Same weight	1.34%	1.34%
Roper Technologies IncROP	Same weight	0.17%	0.17%
Lowe's Cos Inc CommonLOW	Same weight	0.78%	0.78%
Deere & Co Common StockDE	Same weight	0.69%	0.69%
Vertex PharmaceuticalsVRTX	Same weight	0.41%	0.41%
Regeneron PharmaceuticalsREGN	JOYT +0.01 points	0.75%	0.74%
Edwards LifesciencesEW	Same weight	0.36%	0.36%
Bank of America CorpBAC	Same weight	1.09%	1.09%
Digital Realty Trust IncDLR	ROCY +0.01 points	0.52%	0.53%
Rtx CorpRTX	ROCY +0.01 points	1.06%	1.07%
Ventas Inc Reit USD 0.25VTR	Same weight	0.41%	0.41%
Elanco Animal Health IncELAN	Same weight	0.29%	0.29%
Dover Corp Common StockDOV	Same weight	0.56%	0.56%
Salesforce.com Inc.CRM	Same weight	0.48%	0.48%
Tesla Inc Common StockTSLA	ROCY +0.01 points	1.39%	1.40%
American Express CoAXP	Same weight	0.96%	0.96%
Corning Inc Common StockGLW	Same weight	0.17%	0.17%
Broadcom Inc CommonAVGO	Same weight	2.13%	2.13%
Axalta Coating SystemsAXTA	Same weight	0.32%	0.32%
Exxonmobil Holdings CorpXOM	Same weight	2.12%	2.12%
Amazon.com Inc CommonAMZN	Same weight	3.99%	3.99%
Entergy Corp Common StockETR	Same weight	0.53%	0.53%
The Coca-Cola CompanyKO	Same weight	0.37%	0.37%
Cognizant TechnologyCTSH	Same weight	0.31%	0.31%
United Parcel ServiceUPS	Same weight	0.31%	0.31%
Leidos Holdings IncLDOS	Same weight	0.24%	0.24%
Charles Schwab Corp/TheSCHW	Same weight	0.61%	0.61%
Vistra Corp Common StockVST	Same weight	0.07%	0.07%
Intel Corp Common StockINTC	JOYT +0.01 points	0.22%	0.21%
The Walt Disney CompanyDIS	Same weight	0.64%	0.64%
Crowdstrike Holdings IncCRWD	Same weight	0.63%	0.63%
Tjx Cos Inc/The CommonTJX	Same weight	0.47%	0.47%
Johnson & Johnson CommonJNJ	Same weight	0.40%	0.40%
Medtronic PLC CommonMDT	Same weight	0.61%	0.61%
Morgan Stanley DeanMS	Same weight	0.72%	0.72%
Vulcan Materials CoVMC	Same weight	0.33%	0.33%
Pepsico Inc Common StockPEP	Same weight	0.44%	0.44%
Performance Food Group CoPFGC	Same weight	0.42%	0.42%
Metlife Inc Common StockMET	Same weight	0.45%	0.45%
Cms Energy Corp CommonCMS	Same weight	0.46%	0.46%
Walmart Inc Common StockWMT	Same weight	0.44%	0.44%
Textron Inc Common StockTXT	Same weight	0.24%	0.24%
The Southern CompanySO	Same weight	0.70%	0.70%
Prologis Inc Reit USDPLD	Same weight	0.52%	0.52%
Mcdonald's Corp CommonMCD	Same weight	0.59%	0.59%
AT&T Inc Common Stock USDT	Same weight	0.42%	0.42%

All 111 JOYT 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.

JOYT vs ROCY Cost

Same expense ratio

$7,126

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

JOYT 0.35%
$7,126
ROCY 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

JOYT 0.35%
ROCY 0.35%

Year by year

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

Expense ratio

0.35%JOYT
0.35%ROCY

JOYT0.35%ROCY0.35%

0.25%0.92%

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

JOYT 2nd cheapest of 15 funds

ROCY 2nd cheapest of 15 funds

JOYT vs ROCY Dividends

Last 12 months to Oct 30, 2026

Yield (12M): JOYT 0.76%; ROCY No data
Payout (12M): JOYT $0.45; ROCY No data
Last payment: JOYT $0.11; ROCY $0.31
Ex-dividend: JOYT Sep 22, 2026; ROCY Oct 1, 2026
Paid on: JOYT Sep 24, 2026; ROCY Oct 5, 2026
Frequency: JOYT Quarterly; ROCY Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

JOYTQuarterly · 5 paymentsAll JOYT payments⁠

ROCYMonthly · 6 paymentsAll ROCY payments⁠

JOYT vs ROCY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: JOYT 7.0%since Sep 2025ROCY No data
Return per unit of riskSharpe ratio, 3 years: JOYT 1.64since Sep 2025ROCY No data
Worst fallMax drawdown, 5 years: JOYT −7.0%since Aug 2025ROCY No data
Market sensitivityBeta, 5 years: JOYT 0.49ROCY 0.69; Market = 1

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