JEPI and SPYI 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 SPYI provides ~11.7% yield targeting investor in taxable accounts seeking tax-efficient income. 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
NEOS S&P 500 High Income ETF
6.1
Overall Score
| Criteria | JEPI | SPYI |
|---|---|---|
| Overall Score | 6.1 6.1 | |
| Total Return (25%) | 4.8 6.9 | |
| Downside Protection (25%) | 7.7 5.3 | |
| Upside Participation (25%) | 6.0 7.4 | |
| Consistency (15%) | 4.5 4.3 | |
| Expense Ratio (5%) | 8.1 4.0 | |
| Liquidity (5%) | 8.9 7.4 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | JEPI | SPYI |
|---|---|---|
| Expense Ratio | 0.350% | 0.680% |
| Inception Date | May 20, 2020 | Aug 30, 2022 |
| Issuer | JPMorgan | NEOS |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 3/5 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
The optimal choice for taxable accounts — the Section 1256 tax advantage is underappreciated by the market
Investor Profile:
Investor in taxable accounts seeking tax-efficient income