ISPY and JEPI are both covered call ETFs tracking the same benchmark, but with different approaches. ISPY offers ~10% yield with a focus on yield-focused investor accepting minimal downside protection, while JEPI provides ~8.3% yield targeting income investor seeking stability and downside protection over maximum yield. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.
Compare covered call ETFs with the same benchmark side by side
ProShares S&P 500 High Income ETF
5.6
Overall Score
JPMorgan Equity Premium Income ETF
6.3
Overall Score
| Criteria | ISPY | JEPI |
|---|---|---|
| Overall Score | 5.6 6.3 | |
| Total Return (25%) | 8.0 4.8 | |
| Downside Protection (25%) | — 8.1 | |
| Upside Participation (25%) | 9.0 5.9 | |
| Consistency (15%) | 5.3 5.1 | |
| Expense Ratio (5%) | 5.6 8.1 | |
| Liquidity (5%) | 5.7 8.9 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | ISPY | JEPI |
|---|---|---|
| Expense Ratio | 0.550% | 0.350% |
| Inception Date | Mar 22, 2023 | May 20, 2020 |
| Issuer | ProShares | JPMorgan |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 2/5 stars | 5/5 stars |
High yield but zero downside protection is a significant red flag — not suitable as a defensive holding
Investor Profile:
Yield-focused investor accepting minimal downside protection
The reference standard of the sector — not the highest performer but the most resilient
Investor Profile:
Income investor seeking stability and downside protection over maximum yield
Both funds are scored on total return, downside protection, upside participation, distribution consistency, cost and liquidity, against the same benchmark and the same window.
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