AIPI vs JEPQ: Performance, Holdings, Fees & Risk
AIPI and JEPQ are ETFs, but they can differ materially in exposure, yield, fees and risk. AIPI is REX AI Equity Premium Income ETF, while JEPQ is JPMorgan Nasdaq Equity Premium Income ETF. AIPI is more concentrated at the top, based on top-10 holdings weight. Current AlgovestIQ evidence has JEPQ ahead on AIQ Score, 54 versus 40.
What is the main difference between AIPI and JEPQ?
AIPI and JEPQ both concentrate in Technology, at 91% and 61% of assets, and 34% of their weight is in the same securities.
| Metric | AIPI | JEPQ |
|---|---|---|
| Fund | ||
| Expense ratio | 0.65% | 0.35% |
| Holdings | 128 | 110 |
| Top-10 concentration | 54.1% | 42.6% |
| Distribution yieldTrailing 12 months | 39.67% | 11.58% |
| Average volume | 190,453 | 6,194,078 |
| Performance | ||
| 1Y return | -16% | +4.1% |
| YTD return | -10.4% | +2.3% |
| Risk | ||
| Annualized volatility | 20.9% | 15.1% |
| Max drawdown (1Y) | -27.8% | -10.3% |
| Beta | 1.19 | 1.04 |
| Sharpe ratio | -0.95 | 0.04 |
| Sortino ratio | -1.42 | 0.05 |
| AlgovestIQ | ||
| AIQ Score | 40/100 | 54/100 |
| AIQ Edge Score | 2/10 | 5/10 |
| Momentum | 27/100 | 31/100 |
| Risk Resilience | 75/100 | 80/100 |
AlgovestIQ AIQ Comparison
REX AI Equity Premium Income ETF vs JPMorgan Nasdaq Equity Premium Income ETF
JEPQ leads
JEPQ leads by 14 AIQ points, primarily on Quality and Value.
Stable: 4 of 4 evidence groups support JEPQ, and its current signal state is conflicted.
REX AI Equity Premium Income ETF
JPMorgan Nasdaq Equity Premium Income ETF
The Algovestiq AIQ Score currently favors JEPQ over AIPI, 54 versus 40 as of Oct 21, 2026. JEPQ's advantage is driven primarily by stronger quality and value. JEPQ also shows the stronger technical structure relative to its 50-day moving average. 4 of 4 covered evidence groups favor JEPQ today, and the comparison is rated Stable on stability: the leader is throwing conflicting signals. JEPQ lead: Stable — the AIQ differential has held near 14 points over 30 sessions. JEPQ leads on all four AIQ factor dimensions. Value is itself one of those four, so a sweep is not explained by valuation alone — it deserves additional scrutiny for unmodeled catalysts, expectations or event risk.
Compare REX AI Equity Premium Income ETF and JPMorgan Nasdaq Equity Premium Income ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
AIPI vs JEPQ: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | AIPI | JEPQ | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.65% | 0.35% | JEPQ |
| Broader diversificationNumber of holdings | 128 | 110 | Similar |
| Lower concentrationWeight of the 10 largest holdings | 54.1% | 42.6% | JEPQ |
| Higher incomeTrailing 12-month distribution yield | 39.67% | 11.58% | AIPI |
| Smaller drawdownsMax drawdown, 1 year | -27.8% | -10.3% | JEPQ |
| Lower volatilityAnnualized volatility, 1 year | 20.9% | 15.1% | JEPQ |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare AIPI and JEPQ against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Quality43 vs 69JEPQ +26
- Value31 vs 45JEPQ +14
- Risk Resilience75 vs 80JEPQ +5
- Momentum27 vs 31JEPQ +4
4 of 4 evidence groups favor JEPQ. JEPQ’s edge is concentrated in quality and value.
What changed since the last close
Latest scored session 2026-10-20, compared against the prior scored session 2026-10-19.
Largest factor move: Value -1, not enough on its own to move the overall score.
No signal started or stopped since the prior session; its 4 active signals are unchanged.
Largest factor move: Value -1
New signals
- RSI Oversold - Potential Bounce — bullish, momentum, short horizon
JEPQ's lead narrowed by 1 AIQ point in the latest session.
Deeper signal detail for each name lives on its own signals page — AIPI and JEPQ both carry a full feed there.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | AIPI | JEPQ | Why it matters |
|---|---|---|---|
| Expense ratio | 0.65% | 0.35% | Lower is better — it compounds against you every year you hold. |
| Holdings | 128 | 110 | More holdings means broader diversification, not better returns. |
| Average volume | 190,453 | 6,194,078 | Liquidity — matters most if you trade size. |
| Annualized volatility | 20.9% | 15.1% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -27.8% | -10.3% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | -0.95 | 0.04 | Return per unit of risk. Higher is better. |
| Beta | 1.19 | 1.04 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
AIPI and JEPQ share 34.21% of their weighted exposure across 18 common holdings.
19 holdings are unique to AIPI, and 88 holdings are unique to JEPQ. Owning both is genuinely additive — most of the capital sits in different securities.
AIPI is the more concentrated of the two: its ten largest positions are 54.08% of the fund, against 42.65% for JEPQ (128 holdings vs 110). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
Largest shared positions
| Holding | AIPI | JEPQ | Shared |
|---|---|---|---|
| NVDANVIDIA CORP | 9.62% | 7.22% | 7.22% |
| MUMICRON TECHNOLOGY INC | 3.3% | 4.67% | 3.3% |
| AMDADVANCED MICRO DEVICES | 3.08% | 3.4% | 3.08% |
| AAPLAPPLE INC COMMON STOCK | 3.08% | 6.63% | 3.08% |
| MSFTMICROSOFT CORP COMMON | 2.91% | 5.16% | 2.91% |
| AMZNAMAZON.COM INC COMMON | 2.71% | 3.94% | 2.71% |
| METAMETA PLATFORMS INC | 3.22% | 2.71% | 2.71% |
| AVGOBroadcom Inc. | 2.5% | 2.05% | 2.05% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
What AIPI adds that JEPQ doesn’t
| Holding | AIPI | JEPQ |
|---|---|---|
| PLTRPALANTIR TECHNOLOGIES INC. CLASS A | 9.51% | 1.13% |
| CRWDCrowdstrike Holdings Inc. Class A | 7.2% | 0.84% |
| ARMARM HOLDINGS PLC | 6.03% | Not held |
| ALABASTERA LABS INC | 4.8% | 0.05% |
| CRMSALESFORCE.COM INC | 3.73% | Not held |
| SMCISuper Micro Computer Inc | 3.55% | Not held |
What JEPQ adds that AIPI doesn’t
| Holding | JEPQ | AIPI |
|---|---|---|
| AAPLAPPLE INC COMMON STOCK | 6.63% | 3.08% |
| GOOGALPHABET INC-CL C - | 4.77% | Not held |
| TSLATESLA INC COMMON STOCK | 2.08% | Not held |
| LRCXLAM RESEARCH CORP COMMON | 1.98% | Not held |
| WMTWALMART INC COMMON STOCK | 1.67% | Not held |
| STXSEAGATE TECHNOLOGY | 1.66% | Not held |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
AIPI vs JEPQ: five-year payout growth
AIPI began paying distributions in 2024, so it has no 2020-2025 growth rate to compare. JEPQ began paying distributions in 2022, so it has no 2020-2025 growth rate to compare.
| Dividend metric | AIPI | JEPQ |
|---|---|---|
| 2025 annual payout | $15.155 | $6.123 |
| Peer rank | not ranked | not ranked |
Split-adjusted annual distributions, 2020–2025. Research as of Sep 19, 2026. Yield and expense ratio above are current values, not part of this window.
AIQ Agreement Matrix
4 of 4 covered evidence groups favor JEPQ. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | JEPQ | 40 vs 54 |
| Fundamentals | Not covered | Not covered |
| Valuation | JEPQ | Value 31 vs 45 |
| Technicals | JEPQ | Price vs 50-day -2.4% vs -0.4%; vs 200-day -2.4% vs 0.6% |
| Risk Resilience | JEPQ | Risk Resilience 75 vs 80 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of AIPI and JEPQ and are excluded from the count.
AIQ Decision Stability
The conclusion rests on a wide gap and broad agreement. It is unlikely to turn on a single session.
- The AIQ gap is wide at 14 points. (supports the conclusion holding)
- 4 of 4 covered evidence groups point the same way. (supports the conclusion holding)
- The lead has been steady session to session. (supports the conclusion holding)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on JEPQ.
How the comparison changed
45 daily snapshots · Sep 6 – Oct 20JEPQ lead: Stable — the AIQ differential has held near 14 points over 30 sessions.
- Today
- JEPQ +14
- 40 vs 54
- 7 sessions ago
- JEPQ +15
- 40 vs 55
- 30 sessions ago
- JEPQ +14
- 51 vs 65
- 90 sessions ago
- Not covered
The lead has not changed hands in this window.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
1 bullish / 2 bearish / 1 neutral, conflicted
No signal that the other name lacks.
2 bullish / 2 bearish / 2 neutral, conflicted
Only JEPQ
- ATR Contraction - Coiling — neutral, volatility, short horizon (1.04%)
- RSI Oversold - Potential Bounce — bullish, momentum, short horizon
Both carry 4 more signals that do not separate them: Bollinger Band Squeeze, Golden Cross Active, Keltner Channel Breakdown, MACD Bearish Crossover.
JEPQ leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price +0.86%, AIQ 0 points).
Price is up while the AIQ Score moved down 1 points over the same session — price and model disagree (price +0.86%, AIQ -1 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1AIPI closes the Quality gap — currently 26 points behind, the largest single contributor to JEPQ's edge.
- 2AIPI's Keltner Channel Breakdown resolves — a bearish volatility rule currently active against it.
- 3JEPQ's conflicting signal state resolves bearish — it currently carries 2 bullish and 2 bearish rules at once.
- 4A regime shift changes factor weighting — Quality and Value carry the heaviest weights in the composite, so a rotation toward either would move the result most.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
JEPQ leads 5 of 6 windows| Metric | AIPI | JEPQ |
|---|---|---|
| 1 week (5 sessions) | -4.9% | -2.4% |
| 1 month (20 sessions) | -5% | -2.8% |
| 3 months (63 sessions) | 2% | 0% |
| 6 months (126 sessions) | -1% | 1.4% |
| Year to date | -10.4% | 2.3% |
| 1 year (252 sessions) | -16% | 4.1% |
Technicals
JEPQ has the stronger structure| Metric | AIPI | JEPQ |
|---|---|---|
| RSI (14) | 33 | 29.6 |
| ADX (14) | 23.3 | 21.8 |
| Price vs 50-day | -2.4% | -0.4% |
| Price vs 200-day | -2.4% | 0.6% |
| Volatility (1M, annualized) | 18.3% | 10.8% |
Risk
JEPQ is the more resilient| Metric | AIPI | JEPQ |
|---|---|---|
| Beta | 1.19 | 1.04 |
| Sharpe ratio | -0.95 | 0.04 |
| Sortino ratio | -1.42 | 0.05 |
| Max drawdown | -27.8% | -10.3% |
| Current drawdown | -20.2% | -3.3% |
| Annualized volatility | 20.9% | 15.1% |
| Value at risk (95%) | -2.6% | -1.7% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between AIPI and JEPQ?
AIPI and JEPQ both concentrate in Technology, at 91% and 61% of assets, and 34% of their weight is in the same securities.
How much do AIPI and JEPQ overlap?
AIPI and JEPQ share 34.21% of their weighted exposure across 18 common holdings. 19 holdings are unique to AIPI, and 88 holdings are unique to JEPQ. Owning both is genuinely additive — most of the capital sits in different securities.
Which ETF is more diversified, AIPI or JEPQ?
They hold a similar number of positions: 128 for AIPI and 110 for JEPQ.
Which has the lower expense ratio?
JEPQ has the lower expense ratio, 0.35% a year against 0.65% for AIPI.
Which ETF has the higher distribution yield?
AIPI, with a trailing 12-month distribution yield of 39.67% against 11.58% for JEPQ.
Which ETF has been more volatile?
AIPI has been more volatile over the past year, at 20.9% annualized against 15.1% for JEPQ.
Which ETF has had the smaller drawdown?
JEPQ fell less from peak to trough over the past year: -10.3% against -27.8% for AIPI.
Compare AIPI and JEPQ with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.