Compare covered call ETFs with the same benchmark side by side
JPMorgan Equity Premium Income ETF
6.90
Overall Score
NEOS S&P 500 High Income ETF
7.23
Overall Score
| Criteria | JEPI | SPYI |
|---|---|---|
| Overall Score | 6.90 7.23 | |
| Total Return (25%) | 5.05 7.34 | |
| Downside Protection (25%) | 8.27 5.75 | |
| Upside Participation (25%) | 6.00 7.54 | |
| Consistency (15%) | 8.12 10.00 | |
| Expense Ratio (5%) | 8.12 4.00 | |
| Liquidity (5%) | 8.89 7.40 |
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 |
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%.
Pays 11.9%, 3.7 points more than GPIX, at a fee 2.3 times higher (0.68% vs 0.29%).
Investor Profile:
SPYI is an actively managed NEOS fund that holds S&P 500 stocks, 511 positions, and uses a call spread approach on SPX index option futures. The options qualify as Section 1256 contracts, taxed at the 60/40 rate. NEOS aims for high monthly income in a tax-efficient way, and distributions are partly return of capital. It pays monthly.