JEPI and XYLG are both covered call ETFs tracking the same benchmark, but with different approaches. JEPI offers a 8.20% yield, while XYLG provides a 12.83% 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
Global X S&P 500 Covered Call & Growth ETF
6.89
Overall Score
| Criteria | JEPI | XYLG |
|---|---|---|
| Overall Score | 6.90 6.89 | |
| Total Return (25%) | 5.05 7.58 | |
| Downside Protection (25%) | 8.27 5.05 | |
| Upside Participation (25%) | 6.00 7.83 | |
| Consistency (15%) | 8.12 8.03 | |
| Expense Ratio (5%) | 8.12 5.00 | |
| Liquidity (5%) | 8.89 6.29 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | JEPI | XYLG |
|---|---|---|
| Expense Ratio | 0.350% | 0.600% |
| Inception Date | May 20, 2020 | Oct 5, 2020 |
| Issuer | JPMorgan | Global X |
| 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%.
Captured 78% of S&P 500 upside and 76% of the downside; the 12.8% TTM yield includes a one-off, and the regular yield is 5.6%.
Investor Profile:
XYLG tracks the Cboe S&P 500 Half BuyWrite Index. It holds the S&P 500 stocks, 506 positions, and sells one-month at-the-money calls on up to half of each holding, which leaves the rest free to follow the index. It paid a one-time distribution of $2.14 per share on Dec 30, 2025. It pays monthly.
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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