IWMY vs JEPQ: Performance, Holdings, Fees & Risk
IWMY and JEPQ are ETFs, but they can differ materially in exposure, yield, fees and risk. IWMY is R2000 Weekly Distribution ETF, while JEPQ is JPMorgan Nasdaq Equity Premium Income ETF. JEPQ is broader by holdings count, with 110 positions versus 5 for IWMY. JEPQ has the lower expense ratio. Current AlgovestIQ evidence has JEPQ ahead on AIQ Score, 54 versus 47.
What is the main difference between IWMY and JEPQ?
JEPQ holds 110 positions to IWMY's 5.
| Metric | IWMY | JEPQ |
|---|---|---|
| Fund | ||
| Expense ratio | 1.05% | 0.35% |
| Holdings | 5 | 110 |
| Distribution yieldTrailing 12 months | 38% | 11.58% |
| Average volume | 51,811 | 6,194,078 |
| Performance | ||
| 1Y return | -24.4% | +4.1% |
| YTD return | -15.5% | +2.3% |
| Risk | ||
| Annualized volatility | 16.8% | 15.1% |
| Max drawdown (1Y) | -26.1% | -10.3% |
| Beta | 1.07 | 1.04 |
| Sharpe ratio | -1.79 | 0.04 |
| Sortino ratio | -2.58 | 0.05 |
| AlgovestIQ | ||
| AIQ Score | 47/100 | 54/100 |
| AIQ Edge Score | 3/10 | 5/10 |
| Momentum | 29/100 | 31/100 |
| Risk Resilience | 77/100 | 80/100 |
AlgovestIQ AIQ Comparison
R2000 Weekly Distribution ETF vs JPMorgan Nasdaq Equity Premium Income ETF
JEPQ leads
JEPQ leads by 7 AIQ points, primarily on Quality, but the lead has narrowed from 19 points over 30 sessions.
Fragile: 2 of 4 evidence groups support JEPQ, its lead is narrowing, and its current signal state is conflicted.
R2000 Weekly Distribution ETF
JPMorgan Nasdaq Equity Premium Income ETF
The Algovestiq AIQ Score currently favors JEPQ over IWMY, 54 versus 47 as of Oct 21, 2026. JEPQ's advantage is driven primarily by stronger quality, while IWMY holds the stronger value profile. JEPQ also shows the stronger technical structure relative to its 50-day moving average. 2 of 4 covered evidence groups favor JEPQ today, and the comparison is rated Fragile on stability: only 2 of 4 covered evidence groups agree. JEPQ lead: Weakening — the AIQ differential moved from 19 to 7 points over 30 sessions.
Compare R2000 Weekly Distribution ETF and JPMorgan Nasdaq Equity Premium Income ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
IWMY 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 | IWMY | JEPQ | Fits |
|---|---|---|---|
| Lower costExpense ratio | 1.05% | 0.35% | JEPQ |
| Broader diversificationNumber of holdings | 5 | 110 | JEPQ |
| Higher incomeTrailing 12-month distribution yield | 38% | 11.58% | IWMY |
| Smaller drawdownsMax drawdown, 1 year | -26.1% | -10.3% | JEPQ |
| Lower volatilityAnnualized volatility, 1 year | 16.8% | 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 IWMY 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.
- Quality34 vs 69JEPQ +35
- Value59 vs 45IWMY +14
- Risk Resilience77 vs 80Even
- Momentum29 vs 31Even
2 of 4 evidence groups favor JEPQ. JEPQ’s edge is concentrated in quality; IWMY keeps a meaningful value edge.
What changed since the last close
Latest scored session 2026-10-20, compared against the prior scored session 2026-10-19.
Largest factor move: Momentum +4
No signal started or stopped since the prior session; its 6 active signals are unchanged.
Largest factor move: Value -1
New signals
- RSI Oversold - Potential Bounce — bullish, momentum, short horizon
JEPQ's lead narrowed by 2 AIQ points in the latest session.
Deeper signal detail for each name lives on its own signals page — IWMY and JEPQ both carry a full feed there.
The central trade-off
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF): the stronger current systematic profile, led by quality.
IWMY (R2000 Weekly Distribution ETF): the counter-case, on value, valuation.
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 | IWMY | JEPQ | Why it matters |
|---|---|---|---|
| Expense ratio | 1.05% | 0.35% | Lower is better — it compounds against you every year you hold. |
| Holdings | 5 | 110 | More holdings means broader diversification, not better returns. |
| Average volume | 51,811 | 6,194,078 | Liquidity — matters most if you trade size. |
| Annualized volatility | 16.8% | 15.1% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -26.1% | -10.3% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | -1.79 | 0.04 | Return per unit of risk. Higher is better. |
| Beta | 1.07 | 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.
IWMY vs JEPQ: five-year payout growth
IWMY began paying distributions in 2023, 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 | IWMY | JEPQ |
|---|---|---|
| 2025 annual payout | $12.477 | $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
2 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 | 47 vs 54 |
| Fundamentals | Not covered | Not covered |
| Valuation | IWMY | Value 59 vs 45 |
| Technicals | JEPQ | Price vs 50-day -6.5% vs -0.4%; vs 200-day -12.6% vs 0.6% |
| Risk Resilience | Even | Risk Resilience 77 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 IWMY and JEPQ and are excluded from the count.
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is moderate at 7 points.
- Only 2 of 4 covered evidence groups agree. (argues the conclusion is provisional)
- The leader's advantage has been narrowing. (argues the conclusion is provisional)
- 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
99 daily snapshots · Jun 22 – Oct 20JEPQ lead: Weakening — the AIQ differential moved from 19 to 7 points over 30 sessions.
- Today
- JEPQ +7
- 47 vs 54
- 7 sessions ago
- JEPQ +9
- 46 vs 55
- 30 sessions ago
- JEPQ +19
- 46 vs 65
- 90 sessions ago
- JEPQ +7
- 50 vs 57
The lead changed hands 2 times in this window, most recently on Jun 29 when JEPQ moved ahead of IWMY.
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.
0 bullish / 4 bearish / 2 neutral
Only IWMY
- Death Cross Active — bearish, trend, long horizon (6.71%)
- 52-Week Low Proximity — bearish, risk, long horizon (0.1%)
- Downtrend Structure Active — bearish, trend, long horizon
2 bullish / 2 bearish / 2 neutral, conflicted
Only JEPQ
- Golden Cross Active — bullish, trend, long horizon (1.94%)
- Keltner Channel Breakdown — bearish, volatility, short horizon
- RSI Oversold - Potential Bounce — bullish, momentum, short horizon
Both carry 3 more signals that do not separate them: Bollinger Band Squeeze, ATR Contraction - Coiling, 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.
Price and the AIQ Score both moved up over the latest session (price +0.24%, AIQ +1 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.
- 1IWMY closes the Quality gap — currently 35 points behind, the largest single contributor to JEPQ's edge.
- 2IWMY's Death Cross Active resolves — a bearish trend rule currently active against it.
- 3JEPQ's conflicting signal state resolves bearish — it currently carries 2 bullish and 2 bearish rules at once.
- 4The narrowing continues — the lead has already given back 12 points over 30 sessions, and a further 7-point move would eliminate JEPQ's advantage entirely.
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 | IWMY | JEPQ |
|---|---|---|
| 1 week (5 sessions) | -1.2% | -2.4% |
| 1 month (20 sessions) | -6% | -2.8% |
| 3 months (63 sessions) | -13.1% | 0% |
| 6 months (126 sessions) | -14.5% | 1.4% |
| Year to date | -15.5% | 2.3% |
| 1 year (252 sessions) | -24.4% | 4.1% |
Technicals
JEPQ has the stronger structure| Metric | IWMY | JEPQ |
|---|---|---|
| RSI (14) | 35.1 | 29.6 |
| ADX (14) | 53.6 | 21.8 |
| Price vs 50-day | -6.5% | -0.4% |
| Price vs 200-day | -12.6% | 0.6% |
| Volatility (1M, annualized) | 13.8% | 10.8% |
Risk
Split| Metric | IWMY | JEPQ |
|---|---|---|
| Beta | 1.07 | 1.04 |
| Sharpe ratio | -1.79 | 0.04 |
| Sortino ratio | -2.58 | 0.05 |
| Max drawdown | -26.1% | -10.3% |
| Current drawdown | -24.7% | -3.3% |
| Annualized volatility | 16.8% | 15.1% |
| Value at risk (95%) | -1.9% | -1.7% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between IWMY and JEPQ?
JEPQ holds 110 positions to IWMY's 5.
Which ETF is more diversified, IWMY or JEPQ?
JEPQ holds more positions: 110 versus 5 for IWMY.
Which has the lower expense ratio?
JEPQ has the lower expense ratio, 0.35% a year against 1.05% for IWMY.
Which ETF has the higher distribution yield?
IWMY, with a trailing 12-month distribution yield of 38% against 11.58% for JEPQ.
Which ETF has been more volatile?
IWMY has been more volatile over the past year, at 16.8% 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 -26.1% for IWMY.
Compare IWMY 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.