JEPI and ISPY are both covered call ETFs tracking the same benchmark, but with different approaches. JEPI offers ~8.3% yield with a focus on income investor seeking stability and downside protection over maximum yield, while ISPY provides ~10% yield targeting yield-focused investor accepting minimal downside protection. 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
JPMorgan Equity Premium Income ETF
6.1
Overall Score
ProShares S&P 500 High Income ETF
5.5
Overall Score
| Criteria | JEPI | ISPY |
|---|---|---|
| Overall Score | 6.1 5.5 | |
| Total Return (25%) | 4.8 7.8 | |
| Downside Protection (25%) | 7.7 — | |
| Upside Participation (25%) | 6.0 9.2 | |
| Consistency (15%) | 4.5 4.3 | |
| Expense Ratio (5%) | 8.1 5.6 | |
| Liquidity (5%) | 8.9 5.7 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | JEPI | ISPY |
|---|---|---|
| Expense Ratio | 0.350% | 0.550% |
| Inception Date | May 20, 2020 | Mar 22, 2023 |
| Issuer | JPMorgan | ProShares |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 2/5 stars |
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
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