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JOYT vs UPSD

JPMorgan Equity and Options Total Return ETF

JOYTANasdaq

Aptus Large Cap Upside ETF

UPSDDCboe

Overlap

Expense ratio

JOYT −0.44pt a year

JOYT0.35%UPSD0.79%

Avg volume · 30D

UPSD 2.0×the volume

JOYT7.23KUPSD14.3K

JOYT vs UPSD Performance

Oct 31, 2025 – Oct 30, 2026

+13.0%JOYT+13.9%UPSD

Oct 31, 2025 to Oct 30, 2026. JOYT +13.0%. UPSD +13.9%. Use the arrow keys to read each point.−5%0%5%Oct 2025Apr 2026Oct 2026
Expense ratio
JOYT 0.35%, better
UPSD 0.79%
Fund size
JOYT $117M
UPSD $133M
1Y total return
JOYT +13.0%
UPSD +13.9%, better
Yield (12M)
JOYT 0.76%, better
UPSD 0.58%
Holdings
JOYT 112
UPSD 99
Avg volume (30D)
JOYT 7.23K sh
UPSD 14.3K sh, better
NAV per share
JOYT $59.32
UPSD $30.33
52W range

ETF.net Grade

JOYT: Cost 87, Risk 67, Mission 100, Tradability 39, Holdings 69, Durability 60. UPSD: Cost 10, Risk 32, Mission not scored, Tradability 68, Holdings 89, Durability 53.
Pillar letters and Scores for JOYT, UPSD, with each pillar’s weight
PillarJOYTUPSD
Cost30% weightA87HigherF10
Mission25% weightA100Not scored
Risk15% weightB67HigherD32
Tradability15% weightD39B68Higher
Holdings10% weightB69A89Higher
Durability5% weightB60HigherC53

Rank among S&P 500 Active 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. JOYT and UPSD 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 UPSD 10th of 15 funds in the S&P 500 Active Option Income Category.

  1. Rank 1AJEPIJPMorgan Equity Premium Income ETFScore 83
  2. Rank 2AJOYTJPMorgan Equity and Options Total Return ETFScore 76
  3. Rank 3AROCYJPMorgan Equity Premium Yield ETFScore 75
  4. Rank 9CHIGHSimplify Enhanced Income ETFScore 47
  5. Rank 10DUPSDAptus Large Cap Upside ETFScore 39
  6. Rank 11DLCTOKurv U.S. Large Cap TaxOptimized ETFScore 35

Our read on each fund

ETF.net Research

JOYTAJPMorgan Equity and Options Total Return ETF

UPSDDAptus Large Cap Upside 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.

UPSD No data

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.

UPSD No data

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.

UPSD No data

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.

UPSD No data

Full JOYT profile⁠

Full UPSD profile⁠

JOYT vs UPSD 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 UPSD Cost

Overpaying UPSD vs JOYT

$8,048

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

  • JOYT 0.35%

    $7,126

  • UPSD 0.79%

    $15,174

$10,000
30 years

Cost over time

  • JOYT 0.35%
  • UPSD 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530UPSD $15,174JOYT $7,126

Year by year

YearJOYTUPSDOverpaying
10$634$1,405$771
20$2,454$5,331$2,877
30$7,126$15,174$8,048

Expense ratio

  • 0.35%JOYT, cheaper
  • 0.79%UPSD
  • Middle half of S&P 500 Active Option Income funds
  • Median 0.56%

JOYT 2nd cheapest of 15 funds

UPSD 13th cheapest of 15 funds

JOYT vs UPSD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
JOYT 0.76%, better
UPSD 0.58%
Payout (12M)
JOYT $0.45
UPSD $0.18
Last payment
JOYT $0.11
UPSD $0.03
Ex-dividend
JOYT Sep 22, 2026
UPSD Sep 29, 2026
Paid on
JOYT Sep 24, 2026
UPSD Sep 30, 2026
Frequency
JOYT Quarterly
UPSD Quarterly

Distribution history

Per share, 2024 to 2026, same scale for both

JOYTQuarterly · 5 paymentsAll JOYT payments⁠
One bar per payment. 5 payments from 2024 to 2026 YTD. Sep 23, 2025 $0.01; Dec 16, 2025 $0.14; Mar 24, 2026 $0.10; Jun 23, 2026 $0.10; Sep 22, 2026 $0.11. Use the arrow keys to read each point.$0$0.102026YTD
UPSDQuarterly · 8 paymentsAll UPSD payments⁠
One bar per payment. 8 payments from 2024 to 2026 YTD. Dec 30, 2024 $0.01; Mar 28, 2025 $0.04; Jun 27, 2025 $0.04; Sep 29, 2025 $0.05; Dec 30, 2025 $0.05; Mar 30, 2026 $0.06; Jun 29, 2026 $0.04; Sep 29, 2026 $0.03. Use the arrow keys to read each point.$0$0.102026YTD

JOYT vs UPSD 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 2025UPSD 13.8%since Dec 2024
Return per unit of riskSharpe ratio, 3 years
JOYT 1.64since Sep 2025UPSD 0.47since Dec 2024
Worst fallMax drawdown, 5 years
JOYT −7.0%since Aug 2025UPSD −23.8%since Nov 2024
Market sensitivityBeta, 5 years
JOYT 0.49UPSD 0.96

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