Rankings / JEPQ
JPMorgan Nasdaq Equity Premium Income ETF
7.2
Overall Score
JEPQ is an actively managed JPMorgan fund that holds about 111 large-cap stocks, mainly from the Nasdaq-100, selected with a data-driven process. It earns option income through equity-linked notes on the Nasdaq-100 rather than writing options directly. It pays monthly and charges 0.35%.
The fund holds Nasdaq-100 stocks and gains exposure to an out-of-the-money Nasdaq-100 call-selling strategy through equity-linked notes. Each note embeds the economics of holding the index with a short call position; the premium collected flows through the notes and funds the monthly distribution. Notes are laddered across weekly buckets to smooth renewal. The strategy does not hedge market declines: down-capture has tracked up-capture closely since inception.
Captured 72% of Nasdaq-100 upside with 32% lower volatility (13.7% vs 20.0%) for an 11.1% yield, at a 44-point cost in total return since 2022.
Cumulative total return of JEPQ against QQQ, distributions reinvested.
Cumulative total return, rebased to 0% at the start of each period. Distributions reinvested. Data through end of previous month.
Calendar-year total return, distributions reinvested.
| Year | JEPQ | QQQ |
|---|---|---|
| 2026 YTD | +14.17% | +20.83% |
| 2025 | +15.21% | +20.77% |
| 2024 | +24.89% | +25.58% |
| 2023 | +36.25% | +54.85% |
| 2022 * | -9.54% | -13.10% |
Historical years are frozen. YTD is refreshed monthly. * Partial year: return from fund inception to December 31.
Composite score from six weighted criteria, measured since inception.
Performance since inception against the benchmark.
How much of the benchmark drawdown the fund absorbed.
How much of the benchmark rally the fund kept.
Frequency of distribution cuts below 85% of the previous payment.
Inversely proportional to the annual management fee.
Assets under management on a log scale.
Sector and geographic composition of JEPQ underlying holdings.
| # | Symbol | Name | Weight |
|---|---|---|---|
| 1 | NVDA | NVIDIA CORP COMMON STOCK | 7.53% |
| 2 | AAPL | APPLE INC COMMON STOCK | 6.41% |
| 3 | MSFT | MICROSOFT CORP COMMON | 5.24% |
| 4 | MU | MICRON TECHNOLOGY INC | 4.99% |
| 5 | GOOG | ALPHABET INC-CL C | 4.71% |
| 6 | AMD | ADVANCED MICRO DEVICES | 4.08% |
| 7 | AMZN | AMAZON.COM INC COMMON | 3.75% |
| 8 | META | META PLATFORMS INC | 2.98% |
| 9 | LRCX | LAM RESEARCH CORP COMMON | 2.23% |
| 10 | TSLA | TESLA INC COMMON STOCK | 2.09% |
Holdings data from fund disclosures, updated periodically. Percentages may not sum to 100% due to cash, options, and other positions not shown.
The same six criteria, applied to different trailing periods. Pro subscribers see the full breakdown.
Since inception
7.2
3 years
7.7
1 year
8.4
3 months
9.1
How has JEPQ ranked across inception, 3 years, 1 year, and 3 months? Pro subscribers can compare a fund's trajectory over every window, across all 28 funds.
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Expense Ratio
0.350%
Inception Date
May 3, 2022
Benchmark
QQQ
Category
Covered Call - Nasdaq
Distribution Frequency
Monthly
Maturity Rating
3/5 stars
Scores calculated using CoveredRank methodology. Every formula is published and reproducible.
See full methodology→Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.