Derivative-income / covered-call ETFs
JEPQ vs SPYI.
JPMorgan Nasdaq Equity Premium Income ETF (Active — Nasdaq-100 stocks + option premium) against NEOS S&P 500 High Income ETF (Active — S&P 500 + index option overlay) — fees, long-horizon total returns, holdings overlap, and sector tilt, side by side.
Performance · total returndaily bars · as of 2026-07-16
| JEPQ | SPYI | SPREAD | |
|---|---|---|---|
| YTD (cumulative) | +7.89% | — | — |
| 1Y CAGR | +21.0% | — | — |
| 3Y CAGR | +18.6% | — | — |
| 5Y CAGR | — | — | — |
| 10Y CAGR | — | — | — |
| Since inception CAGR | +15.7% | — | — |
Total return: dividend- and split-adjusted daily closes (distributions reinvested). Spread is JEPQ minus SPYI. JEPQ since-inception measured from first available bar May 4, 2022. Since-inception spans differ — compare that row with care.
Fund facts
| JEPQ | SPYI | |
|---|---|---|
| Name | JPMorgan Nasdaq Equity Premium Income ETF | Neos S&P 500(R) High Income ETF |
| Category | Derivative Income | Derivative Income |
| Style | Active | Passive |
| Expense ratio | 0.35% | 0.68% |
| Assets (AUM) | $40.7B | $10.4B |
| Dividend yield | 9.95% | 1.46% |
| Avg volume (3-mo) | 6.9M | 2.8M |
| Inception | May 3, 2022 | August 29, 2022 |
| Benchmark proxy | S&P 500 | S&P 500 |
JEPQ costs 0.33 pp less per year — about $33.00 per $10,000 invested.
Holdings overlaptop-25 holdings · coverage JEPQ 41.9% · SPYI 36.4%
28.2%of portfolio weight overlaps8 shared of top 10
| Shared holding | JEPQ | SPYI | MIN |
|---|---|---|---|
| NVDANVIDIA Corp | 6.62% | 7.54% | 6.62% |
| AAPLApple Inc | 5.77% | 6.56% | 5.77% |
| MSFTMicrosoft Corp | 3.86% | 4.30% | 3.86% |
| AMZNAmazon.com Inc | 3.64% | 3.63% | 3.63% |
| GOOGAlphabet Inc Class C | 5.00% | 2.60% | 2.60% |
| MUMicron Technology Inc | 5.53% |
Sector tilt JEPQ SPYI
Technology60.6% / 38.3%+22.3pp
Communication Services12.8% / 10.0%+2.8pp
Financial Services0.3% / 11.7%-11.3pp
Consumer Cyclical
More derivative-income / covered-call etfs
ALAN GLOBAL INTELLIGENCE · alanglobalintelligence.comdaily bars as of 2026-07-16 · fund facts · issuer-verified · holdings · fund data provider
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For information and research only. Not investment advice. ALAN does not place trades or execute orders. Figures come from the sources shown and can lag the market; verify independently before making decisions. Past performance is not predictive of future results.