JOYT vs YLDY: Grades, Fees and Holdings Compared

JPMorgan Equity and Options Total Return ETF

JOYTANasdaq

Horizon High Income ETF

YLDY—Cboe

Overlap

46.6%by weight

Expense ratio

JOYT −0.35pt a year

JOYT0.35%YLDY0.70%

Avg volume · 30D

YLDY 2.3×the volume

JOYT7.23KYLDY16.4K

JOYT vs YLDY Performance

Oct 2, 2026 – Nov 2, 2026

−0.9%JOYT−0.9%YLDY

Expense ratio: JOYT 0.35%, better; YLDY 0.70%
Fund size: JOYT $117M; YLDY $21M
1Y total return: JOYT +12.5%; YLDY No data
Yield (12M): JOYT 0.76%; YLDY No data
Holdings: JOYT 112; YLDY 199
Avg volume (30D): JOYT 7.23K sh; YLDY 16.4K sh, better
NAV per share: JOYT $59.32; YLDY $24.37
52W range

ETF.net Grade

—YLDYNot yet graded

Pillar letters and Scores for JOYT, YLDY, with each pillar’s weight
Pillar	JOYT	YLDY
Cost30% weight	A87	Not scored
Mission25% weight	A100	Not scored
Risk15% weight	B67	Not scored
Tradability15% weight	D39	Not scored
Holdings10% weight	B68	Not scored
Durability5% weight	B60	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 ›

JOYT ranks 2nd 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
YLDYNot yet graded

Our read on each fund

ETF.net Research

JOYTAJPMorgan Equity and Options Total Return ETF

YLDY—Horizon High Income 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.

YLDY 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.

YLDY 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.

YLDY 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.

YLDY No data

Full JOYT profile⁠

Full YLDY profile⁠

JOYT vs YLDY Holdings

How JOYT and YLDY differ

Overlap by weight

46.6%

Shared holdings make up 67.5% of JOYT and 51.6% of YLDY.

Level by level

Holdings68 in both46.6%
Sector11 Sectors91.9%
Asset classEquity100%
Countryby domicile99.5%

Sector

Sector weights in JOYT and YLDY, widest gap first
Sector	More in JOYTMore in YLDY	JOYT	YLDY
Consumer Staples	YLDY +3.7 points	4.2%	7.9%
Industrials	JOYT +3.1 points	7.9%	4.8%
Health Care	JOYT +2.5 points	9.1%	6.6%
Energy	YLDY +1.9 points	3.6%	5.5%
Technology	YLDY +1.5 points	40.7%	42.2%
Real Estate	JOYT +1.5 points	1.4%	0.0%
Communication	JOYT +0.7 points	9.9%	9.2%
Utilities	YLDY +0.5 points	2.2%	2.7%
Consumer Discretionary	JOYT +0.3 points	8.5%	8.2%
Financials	YLDY +0.3 points	11.5%	11.8%
Materials	YLDY +0.1 points	1.0%	1.1%

Country, concentration and asset class

Country by domicile

Country weights in JOYT and YLDY, widest gap first
Country	More in JOYTMore in YLDY	JOYT	YLDY
United States	Same weight	99.5%	99.5%
Switzerland	YLDY +0.5 points	0.0%	0.5%
Netherlands	JOYT +0.5 points	0.5%	0.0%

Concentration

Weight in the 10 largest Holdings

JOYT41.8%
YLDY36.2%

Securities held

JOYT111
YLDY198

Asset class

JOYT: Equity
YLDY: Equity

Holdings

Only in JOYT43
In both68
Only in YLDY130

Only in JOYT

43 securities, 32.6% of JOYT by weight

Apple Inc Common Stock7.46%
Amazon.com Inc Common4.10%
JPMorgan Prime Money2.90%
Advanced Micro Devices1.29%
Bank of America Corp1.09%
Rtx Corp1.08%
American Express Co0.99%
Berkshire Hathaway Inc0.77%
Amphenol Corp Common0.68%
Analog Devices Inc0.65%
Hilton Worldwide Holdings0.64%
Cme Group Inc Common0.62%
Nxp Semiconductors NV0.59%
Dover Corp Common Stock0.58%
Prologis Inc Reit USD0.52%
Digital Realty Trust Inc0.51%
Cms Energy Corp Common0.46%
Ameriprise Financial Inc0.44%
American Tower Corp Reit0.44%
Performance Food Group Co0.43%
Autozone Inc Common Stock0.43%
Ventas Inc Reit USD 0.250.42%
Asml Holding NV Ny Reg0.42%
Edwards Lifesciences0.37%
Bj's Wholesale Club0.35%
Vulcan Materials Co0.34%
Axalta Coating Systems0.34%
First Citizens0.34%
Chipotle Mexican Grill0.32%
Cognizant Technology0.31%
Corpay Inc0.31%
Elanco Animal Health Inc0.30%
Textron Inc Common Stock0.25%
Leidos Holdings Inc0.24%
Cadence Design Systems0.22%
Arista Networks Inc0.21%
Dupont De Nemours Inc0.21%
Spotify Technology SA0.20%
Qnity Electronics Inc0.20%
Autodesk Inc Common0.17%
Roper Technologies Inc0.17%
Fidelity National0.16%
Vistra Corp Common Stock0.07%

Only in YLDY

130 securities, 48.0% of YLDY by weight

Apple Inc6.52%
Amazon.com Inc2.90%
JPMorgan Chase & Co.2.03%
Chevron Corp1.25%
Berkshire Hathaway Inc1.21%
Visa Inc1.14%
Home Depot Inc/The1.12%
Advanced Micro Devices Inc1.03%
Cisco Systems Inc1.02%
Merck & Co Inc0.93%
International Business Machines Corp0.90%
Texas Instruments Inc0.86%
Bank of America Corp0.80%
Accenture PLC0.74%
Verizon Communications Inc0.73%
Analog Devices Inc0.58%
Goldman Sachs Group Inc/The0.57%
RTX Corp0.57%
Amgen Inc0.56%
T-Mobile US Inc0.54%
Applied Materials Inc0.53%
Dell Technologies Inc0.52%
Pfizer Inc0.46%
Caterpillar Inc0.46%
Union Pacific Corp0.46%
Gilead Sciences Inc0.45%
Citigroup 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%
Arista Networks Inc0.37%
Marvell Technology Inc0.36%
Altria Group Inc0.34%
Automatic Data Processing Inc0.34%
Duke Energy Corp0.32%
Ford Motor Co0.32%
Yum! Brands Inc0.32%
General Motors Co0.31%
Booking Holdings Inc0.30%
Western Digital Corp0.29%
Ross Stores Inc0.27%
Garmin Ltd0.27%
CVS Health Corp0.24%
US Bancorp0.24%

Weight gaps

All 68 Holdings in both funds, largest gap first.

Holding weights in JOYT and YLDY, widest gap first
Holding	More in JOYTMore in YLDY	JOYT	YLDY
Wells Fargo & Co CommonWFC	JOYT +1.54 points	2.13%	0.59%
NVIDIA Corp Common StockNVDA	JOYT +1.37 points	8.04%	6.67%
Mastercard Inc CommonMA	JOYT +1.16 points	1.91%	0.75%
Johnson & Johnson CommonJNJ	YLDY +1.15 points	0.40%	1.55%
Csx Corp Common Stock USDCSX	JOYT +1.04 points	1.24%	0.20%
Eog Resources Inc CommonEOG	JOYT +0.80 points	0.92%	0.12%
The Procter & GamblePG	YLDY +0.78 points	0.26%	1.04%
Micron Technology IncMU	JOYT +0.75 points	2.06%	1.31%
Thermo Fisher ScientificTMO	JOYT +0.74 points	0.92%	0.18%
Conocophillips CommonCOP	JOYT +0.72 points	1.01%	0.29%
Howmet Aerospace IncHWM	JOYT +0.68 points	0.78%	0.10%
Regeneron PharmaceuticalsREGN	JOYT +0.67 points	0.78%	0.11%
The Coca-Cola CompanyKO	YLDY +0.64 points	0.38%	1.02%
Deere & Co Common StockDE	JOYT +0.57 points	0.68%	0.11%
Mondelez InternationalMDLZ	JOYT +0.55 points	0.71%	0.16%
Stryker Corp Common StockSYK	JOYT +0.52 points	0.64%	0.12%
Trane Technologies PLC	JOYT +0.52 points	0.68%	0.16%
Bristol-Myers Squibb CoBMY	JOYT +0.52 points	0.83%	0.31%
3M Co Common Stock USDMMM	JOYT +0.48 points	0.70%	0.22%
Microsoft Corp CommonMSFT	JOYT +0.49 points	6.43%	5.94%
Seagate TechnologySTX	JOYT +0.48 points	0.81%	0.33%
Meta Platforms Inc CommonMETA	JOYT +0.43 points	2.48%	2.05%
Philip MorrisPM	JOYT +0.43 points	1.34%	0.91%
Northrop Grumman CorpNOC	JOYT +0.42 points	0.61%	0.19%
Entergy Corp Common StockETR	JOYT +0.39 points	0.53%	0.14%
Lam Research Corp CommonLRCX	JOYT +0.38 points	0.88%	0.50%
Hewlett PackardHPE	JOYT +0.37 points	0.67%	0.30%
The Southern CompanySO	JOYT +0.37 points	0.71%	0.34%
Medtronic PLC CommonMDT	JOYT +0.37 points	0.63%	0.26%
Charles Schwab Corp/TheSCHW	JOYT +0.36 points	0.62%	0.26%
State Street Corp CommonSTT	JOYT +0.35 points	0.44%	0.09%
Lowe's Cos Inc CommonLOW	JOYT +0.34 points	0.82%	0.48%
Metlife Inc Common StockMET	JOYT +0.33 points	0.46%	0.13%
Vertex PharmaceuticalsVRTX	JOYT +0.31 points	0.41%	0.10%
Progressive Corp/ThePGR	JOYT +0.30 points	0.71%	0.41%
Linde PLC Common StockLIN	YLDY +0.30 points	0.19%	0.49%
Cigna Group/The CommonCI	JOYT +0.28 points	0.39%	0.11%
Eaton Corp PLC CommonETN	JOYT +0.28 points	0.55%	0.27%
Tesla Inc Common StockTSLA	JOYT +0.23 points	1.41%	1.18%
Costco Wholesale CorpCOST	YLDY +0.23 points	0.30%	0.53%
Palantir Technologies IncPLTR	YLDY +0.24 points	0.35%	0.59%
Sandisk Corp Common StockSNDK	YLDY +0.21 points	0.10%	0.31%
Ge Vernova Inc CommonGEV	JOYT +0.21 points	0.49%	0.28%
Broadcom Inc CommonAVGO	YLDY +0.20 points	2.12%	2.32%
AbbVie Inc Common StockABBV	JOYT +0.20 points	1.60%	1.40%
Crowdstrike Holdings IncCRWD	JOYT +0.20 points	0.61%	0.41%
Oracle Corp Common StockORCL	YLDY +0.17 points	0.19%	0.36%
Motorola Solutions IncMSI	YLDY +0.17 points	0.17%	0.34%
Arthur J Gallagher & CoAJG	JOYT +0.17 points	0.28%	0.11%
AT&T Inc Common Stock USDT	YLDY +0.16 points	0.42%	0.58%
Netflix Inc Common StockNFLX	YLDY +0.14 points	0.19%	0.33%
The Walt Disney CompanyDIS	JOYT +0.13 points	0.66%	0.53%
Corning Inc Common StockGLW	YLDY +0.11 points	0.17%	0.28%
Mcdonald's Corp CommonMCD	YLDY +0.10 points	0.61%	0.71%
Nextera Energy IncNEE	JOYT +0.10 points	0.62%	0.52%
Exxonmobil Holdings CorpXOM	JOYT +0.10 points	2.04%	1.94%
Intel Corp Common StockINTC	YLDY +0.09 points	0.20%	0.29%
Blackstone Group Inc/TheBX	JOYT +0.09 points	0.31%	0.22%
Pepsico Inc Common StockPEP	YLDY +0.08 points	0.45%	0.53%
Intuit Inc Common StockINTU	YLDY +0.07 points	0.30%	0.37%
Alphabet Inc-Cl A -GOOGL	YLDY +0.07 points	4.13%	4.20%
UnitedHealth Group IncUNH	JOYT +0.07 points	0.93%	0.86%
Eli Lilly and CompanyLLY	JOYT +0.06 points	1.64%	1.58%
Walmart Inc Common StockWMT	YLDY +0.05 points	0.46%	0.51%
Salesforce.com Inc.CRM	YLDY +0.03 points	0.48%	0.51%
Morgan Stanley DeanMS	JOYT +0.03 points	0.73%	0.70%
Tjx Cos Inc/The CommonTJX	YLDY +0.01 points	0.48%	0.49%
United Parcel ServiceUPS	YLDY +0.01 points	0.31%	0.32%

All 111 JOYT 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.

JOYT vs YLDY Cost

Overpaying YLDY vs JOYT

$6,480

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

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

Amount$10,000

Years30 years

Cost over time

JOYT 0.35%
YLDY 0.70%
Overpaying

Year by year

Year	JOYT	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%JOYT, cheaper
0.70%YLDY

JOYT0.35%YLDY0.70%

0.25%0.92%

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

JOYT 2nd cheapest of 15 funds

YLDY 10th cheapest of 15 funds

JOYT vs YLDY Dividends

Last 12 months to Nov 2, 2026

Yield (12M): JOYT 0.76%; YLDY No data
Payout (12M): JOYT $0.45; YLDY No data
Last payment: JOYT $0.11; YLDY $0.24
Ex-dividend: JOYT Sep 22, 2026; YLDY Oct 29, 2026
Paid on: JOYT Sep 24, 2026; YLDY Oct 30, 2026
Frequency: JOYT Quarterly; YLDY Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

JOYTQuarterly · 5 paymentsAll JOYT payments⁠

YLDYMonthly · 3 paymentsAll YLDY payments⁠

JOYT vs YLDY 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 2025YLDY No data
Return per unit of riskSharpe ratio, 3 years: JOYT 1.64since Sep 2025YLDY No data
Worst fallMax drawdown, 5 years: JOYT −7.0%since Aug 2025YLDY No data
Market sensitivityBeta, 5 years: JOYT 0.49YLDY 0.00; Market = 1

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