JEPI vs JEPQ ETF Comparison
Compare JEPI and JEPQ across fund costs, diversification, holdings, performance, income, risk and current AlgovestIQ evidence.
What is the main difference between JEPI and JEPQ?
JEPI is JPMorgan Equity Premium Income ETF, while JEPQ is JPMorgan Nasdaq Equity Premium Income ETF. JEPI is tied to US Equity; JEPQ is tied to US Equity. JEPI is broader by holdings count, with 118 positions versus 94 for JEPQ. JEPQ is more concentrated at the top, based on top-10 holdings weight.
| Metric | JEPI | JEPQ | Type |
|---|---|---|---|
| Expense ratio | 0.35% | 0.35% | Fund |
| Assets under management | $46.1B | $42.4B | Fund |
| Holdings | 118 | 94 | Fund |
| Top-10 concentration | 31.5% | 69.1% | Fund |
| Average volume | 5,018,967 | 7,044,790 | Fund |
| Underlying exposure | US Equity | US Equity | Fund |
| Annualized volatility | 8.4% | 15% | Risk |
| Max drawdown | -7.7% | -10.3% | Risk |
| Beta | 0.42 | 1.04 | Risk |
| Sharpe ratio | -0.25 | 0.33 | Risk |
| Sortino ratio | -0.35 | 0.45 | Risk |
| AIQ Score | 55/100 | 56/100 | AlgovestIQ |
| AIQ Edge Score | 6/10 | 6/10 | AlgovestIQ |
| Momentum | 52/100 | 54/100 | AlgovestIQ |
| Risk Resilience | 74/100 | 80/100 | AlgovestIQ |
AlgovestIQ AIQ Comparison
JPMorgan Equity Premium Income ETF vs JPMorgan Nasdaq Equity Premium Income ETF
JEPQ leads
JEPQ leads by 1 AIQ points, primarily on Risk Resilience, having only recently taken the lead back from JEPI.
Fragile: 2 of 4 evidence groups support JEPQ, the lead recently changed hands, and its current signal state is conflicted.
JPMorgan Equity Premium Income ETF
JPMorgan Nasdaq Equity Premium Income ETF
The Algovestiq AIQ Score currently favors JEPQ over JEPI, 56 versus 55 as of Sep 5, 2026. JEPQ's advantage is driven primarily by stronger risk resilience, while JEPI 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: the AIQ gap is narrow at 1 points. JEPQ lead: Reversed — JEPI led by 3 AIQ points 30 sessions ago; JEPQ now leads by 1.
Compare JPMorgan Equity Premium Income ETF and JPMorgan Nasdaq Equity Premium Income ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
Compare JEPI 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.
- Risk Resilience15%74 vs 80JEPQ +6
- Value30%36 vs 31JEPI +5
- Momentum25%52 vs 54Even
- Quality30%68 vs 69Even
2 of 4 evidence groups favor JEPQ. JEPQ’s edge is concentrated in risk resilience; JEPI keeps a meaningful value edge.
What changed since the last close
Latest scored session 2026-09-03, compared against the prior scored session 2026-09-02.
Largest factor move: Momentum +9
No new signals fired.
Largest factor move: Momentum +19
New signals
- Uptrend Structure Active — bullish, trend, long horizon
The lead changed hands: JEPQ moved ahead of JEPI in the latest snapshot.
Deeper signal detail for each name lives on its own signals page — JEPI 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 risk resilience.
JEPI (JPMorgan Equity Premium Income ETF): the counter-case, on value, valuation.
Which one fits your objective
The same two names rank differently depending on what you are optimizing for. All six reads are shown at once — none of them is hidden behind a toggle.
Balanced
JEPQJEPQ on the overall AIQ Score, which weights Quality and Value at 30% each.
Growth
EvenGrowth figures are not covered for both names.
Value
JEPIJEPI on the peer-relative Value factor, by 5 points.
Momentum
EvenThe two are level on Momentum.
Lower downside
JEPQJEPQ on Risk Resilience, by 6 points.
Analyst upside
EvenAnalyst targets are level or not covered for both names.
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 | JEPI | JEPQ | Why it matters |
|---|---|---|---|
| Expense ratio | 0.35% | 0.35% | Lower is better — it compounds against you every year you hold. |
| Assets under management | $46.1B | $42.4B | Larger funds generally carry tighter spreads. |
| Holdings | 135 | 110 | More holdings means broader diversification, not better returns. |
| Average volume | 5,018,967 | 7,044,790 | Liquidity — matters most if you trade size. |
| Annualized volatility | 8.4% | 15% | Lower is a steadier ride for the same exposure. |
| Max drawdown | -7.7% | -10.3% | The worst peak-to-trough loss on record for the fund. |
| Sharpe ratio | -0.25 | 0.33 | Return per unit of risk. Higher is better. |
| Beta | 0.42 | 1.04 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
JEPI and JEPQ share 40.34% of their weighted exposure across 45 common holdings.
JEPQ is the more concentrated of the two: its ten largest positions are 69.11% of the fund, against 31.47% for JEPI (94 holdings vs 118). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
73 holdings are unique to JEPI and 49 to JEPQ. Owning both is a partial overlap: a majority of the capital is distinct, but the largest positions are shared.
Largest shared positions
| Holding | JEPI | JEPQ | Shared |
|---|---|---|---|
| MSFTMICROSOFT CORP COMMON | 3.94% | 10.63% | 3.94% |
| AMZNAMAZON.COM INC COMMON | 3.75% | 7.95% | 3.75% |
| AAPLAPPLE INC COMMON STOCK | 3.7% | 13.11% | 3.7% |
| LRCXLAM RESEARCH CORP COMMON | 2.79% | 3.88% | 2.79% |
| NVDANVIDIA CORP COMMON STOCK | 1.89% | 7.57% | 1.89% |
| AMDADVANCED MICRO DEVICES | 1.82% | 6.02% | 1.82% |
| METAMETA PLATFORMS INC | 1.72% | 2.56% | 1.72% |
| AVGOBROADCOM INC COMMON | 1.58% | 2.02% | 1.58% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
ETF comparison questions
Short answers to the fund-specific questions behind this comparison.
Which ETF is more diversified, JEPI or JEPQ?
JEPI currently has more reported holdings, with 118 positions versus 94.
Which has the lower expense ratio?
The current fund profile does not show a lower-cost winner.
Which ETF has the higher distribution yield?
The current dataset does not show a higher-yield winner.
Which ETF has been more volatile?
JEPQ has the higher annualized volatility in the current risk snapshot.
Which ETF has had the smaller drawdown?
JEPI has the less severe max drawdown in the current risk snapshot.
Which ETF has the stronger current AlgovestIQ evidence?
JEPQ currently leads on supporting AlgovestIQ evidence, 56 to 55.
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 | Even | 55 vs 56 |
| Fundamentals | Not covered | Not covered |
| Valuation | JEPI | Value 36 vs 31 |
| Technicals | JEPQ | Price vs 50-day 0.1% vs 0.7%; vs 200-day 0.2% vs 1.6% |
| Risk Resilience | JEPQ | Risk Resilience 74 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 JEPI 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 narrow at 1 points. (argues the conclusion is provisional)
- Only 2 of 4 covered evidence groups agree. (argues the conclusion is provisional)
- The lead has already changed hands inside the comparison window. (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
120 daily snapshots · Apr 22 – Sep 3JEPQ lead: Reversed — JEPI led by 3 AIQ points 30 sessions ago; JEPQ now leads by 1.
- Today
- JEPQ +1
- 55 vs 56
- 7 sessions ago
- Level
- 59 vs 59
- 30 sessions ago
- JEPI +3
- 61 vs 58
- 90 sessions ago
- Level
- 58 vs 58
The lead changed hands 8 times in this window, most recently on Sep 3 when JEPQ moved ahead of JEPI.
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 / 2 neutral, conflicted
- Death Cross Active — bearish, trend, long horizon (0.23%)
- Bollinger Band Squeeze — neutral, volatility, short horizon
- EMA Ribbon Expansion Bullish — bullish, trend, medium horizon
3 bullish / 1 bearish / 2 neutral, conflicted
- Golden Cross Active — bullish, trend, long horizon (1.29%)
- Bollinger Band Squeeze — neutral, volatility, short horizon
- EMA Ribbon Expansion Bullish — bullish, trend, medium horizon
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 is down while the AIQ Score moved up 2 points over the same session — price and model disagree (price -0.37%, AIQ +2 points).
Price and the AIQ Score both moved up over the latest session (price +0.3%, AIQ +5 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.
- 1JEPI closes the Risk Resilience gap — currently 6 points behind, the largest single contributor to JEPQ's edge.
- 2JEPI's Death Cross Active resolves — a bearish trend rule currently active against it.
- 3JEPQ's conflicting signal state resolves bearish — it currently carries 3 bullish and 1 bearish rules at once.
- 4A regime shift changes factor weighting — the composite weights Quality and Value at 30% each, 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.
Technicals
JEPQ has the stronger structure| Metric | JEPI | JEPQ |
|---|---|---|
| RSI (14) | 39 | 40.8 |
| ADX (14) | 20.6 | 13.1 |
| Price vs 50-day | 0.1% | 0.7% |
| Price vs 200-day | 0.2% | 1.6% |
| Volatility (1M, annualized) | 5.6% | 11.1% |
Risk
JEPQ is the more resilient| Metric | JEPI | JEPQ |
|---|---|---|
| Beta | 0.42 | 1.04 |
| Sharpe ratio | -0.25 | 0.33 |
| Sortino ratio | -0.35 | 0.45 |
| Max drawdown | -7.7% | -10.3% |
| Current drawdown | -4.1% | -2.9% |
| Annualized volatility | 8.4% | 15% |
| Value at risk (95%) | -0.9% | -1.7% |
Straight answers
Each answer is regenerated from the current snapshot, not written once and left to age.
Which is better, JEPI or JEPQ?
On the Algovestiq AIQ Score, JEPQ is the stronger of the two as of Sep 5, 2026, scoring 56 against JEPI's 55. The edge comes from risk resilience. JEPI is not without a case — it holds the better value profile, which matters more if that is the objective you are optimizing for. This is a systematic score, not a recommendation: it ranks the two on the same evidence, it does not know your holding period or tax position.
Is JEPI or JEPQ the better buy right now?
JEPQ carries the stronger systematic profile as of Sep 5, 2026, and the comparison is rated Fragile — 2 of 4 covered evidence groups agree. A Fragile rating means the conclusion is sensitive: the AIQ gap is narrow at 1 points. Treat the lead as provisional.
Why does the AIQ Score favor JEPQ over JEPI?
The composite weights Quality at 30%, Value at 30%, Momentum at 25% and Risk Resilience at 15%. JEPQ leads Risk Resilience by 6 points; JEPI leads Value by 5 points. Where the two split, the factor with the larger weight carries the result.
Which is better value, JEPI or JEPQ?
JEPI is the better-valued of the two on the peer-relative Value factor. JEPI on the peer-relative Value factor, by 5 points. The Value factor reads valuation relative to sector peers and to the company's own fundamental quality, so it is not the same as simply having the lower multiple.
Which has stronger growth, JEPI or JEPQ?
Growth figures are not covered for both names. Growth here is measured on reported revenue and earnings, not on forward estimates — it describes what the businesses have delivered, not what the Street expects next.
Which has stronger momentum, JEPI or JEPQ?
The two are level on Momentum. Momentum carries 25% of the AIQ composite. It has documented persistence over three- to twelve-month horizons, which makes it a timing input rather than a reason to hold something indefinitely.
Which is riskier, JEPI or JEPQ?
JEPQ is the more resilient of the two, so the other name carries the higher downside risk. JEPQ on Risk Resilience, by 6 points. The Risk Resilience factor weights 15% of the composite; position sizing usually responds to it more usefully than the buy/avoid decision does.
Is JEPI more profitable than JEPQ?
Margin data is not comparable for both names in the current snapshot.
Is JEPQ's lead over JEPI getting stronger or weaker?
JEPQ lead: Reversed — JEPI led by 3 AIQ points 30 sessions ago; JEPQ now leads by 1. This is measured from 120 daily comparison snapshots between 2026-04-22 and 2026-09-03. The lead has changed hands 8 times in that window, most recently on 2026-09-03, when JEPQ moved ahead of JEPI.
What would change the JEPI vs JEPQ verdict?
The result is a state, not a forecast, so it changes when the underlying evidence changes. Concretely: JEPI closes the Risk Resilience gap — currently 6 points behind, the largest single contributor to JEPQ's edge; JEPI's Death Cross Active resolves — a bearish trend rule currently active against it; JEPQ's conflicting signal state resolves bearish — it currently carries 3 bullish and 1 bearish rules at once; a regime shift changes factor weighting — the composite weights Quality and Value at 30% each, so a rotation toward either would move the result most.
What do the current signals say about JEPI and JEPQ?
JEPI: 1 bullish / 2 bearish / 2 neutral, conflicted. JEPQ: 3 bullish / 1 bearish / 2 neutral, conflicted. A conflicted state means bullish and bearish rules are active on the same name at once — the technical evidence is not pointing one way, and a decision taken on it carries more timing risk. The most decision-relevant rule on JEPI is Death Cross Active (bearish, long horizon). On JEPQ it is Golden Cross Active (bullish, long horizon).
Compare JEPI and JEPQ with others
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality (30%), Value (30%), Momentum (25%) and Risk (15%). 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.