JEPI and RSPA are both covered call ETFs tracking the same benchmark, but with different approaches. JEPI offers a 8.20% yield, while RSPA provides a 9.42% 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
JPMorgan Equity Premium Income ETF
6.90
Overall Score
Invesco S&P 500 Equal Weight Income Advantage ETF
6.25
Overall Score
| Criteria | JEPI | RSPA |
|---|---|---|
| Overall Score | 6.90 6.25 | |
| Total Return (25%) | 5.05 5.78 | |
| Downside Protection (25%) | 8.27 3.65 | |
| Upside Participation (25%) | 6.00 6.84 | |
| Consistency (15%) | 8.12 10.00 | |
| Expense Ratio (5%) | 8.12 7.62 | |
| Liquidity (5%) | 8.89 6.01 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | JEPI | RSPA |
|---|---|---|
| Expense Ratio | 0.350% | 0.390% |
| Inception Date | May 20, 2020 | Jul 1, 2024 |
| Issuer | JPMorgan | Invesco |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 4/5 stars |
Cut volatility by a third (10.0% vs 15.7%) and the 2022 loss to -3.5%, but captured only 60% of S&P 500 upside, so five-year return is half of SPY's.
Investor Profile:
JEPI is an actively managed JPMorgan fund that holds a low-volatility basket of about 142 large-cap U.S. stocks. It earns option income through equity-linked notes (ELNs) on the S&P 500, about 15% of the portfolio against a 20% regulatory cap. The ELNs are unsecured bank obligations spread across at least six issuers. It pays monthly and charges 0.35%.
Down capture of 82% against 68% up capture means the structure gave up more upside than it cushioned losses over 26 months.
Investor Profile:
RSPA is an actively managed Invesco fund of funds that holds stocks and ETFs to mirror the S&P 500 Equal Weight Index, 523 positions. It earns option income through equity-linked notes (ELNs), and about 20% of assets sit in an Invesco government money market fund. It pays monthly and charges 0.29%.
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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