JEPI vs SPYI ETF Comparison
Compare JEPI and SPYI across fund costs, diversification, holdings, performance, income, risk and current AlgovestIQ evidence.
What is the main difference between JEPI and SPYI?
JEPI is JPMorgan Equity Premium Income ETF, while SPYI is Neos S&P 500(R) High Income ETF. JEPI is tied to US Equity; SPYI is tied to Equity. SPYI is broader by holdings count, with 286 positions versus 69 for JEPI. SPYI is more concentrated at the top, based on top-10 holdings weight.
| Metric | JEPI | SPYI | Type |
|---|---|---|---|
| Expense ratio | 0.35% | 0.68% | Fund |
| Assets under management | $45.8B | $11.8B | Fund |
| Holdings | 69 | 286 | Fund |
| Top-10 concentration | 15.7% | 24.4% | Fund |
| Average volume | 5,018,967 | 599,577 | Fund |
| Underlying exposure | US Equity | Equity | Fund |
| 1Y return | +1.1% | - | Performance |
| YTD return | 0% | - | Performance |
| Annualized volatility | 8.4% | 11.1% | Risk |
| Max drawdown | -7.7% | -10.1% | Risk |
| Beta | 0.42 | 0.82 | Risk |
| Sharpe ratio | -0.33 | 0.07 | Risk |
| Sortino ratio | -0.47 | 0.09 | Risk |
| AIQ Score | 54/100 | 54/100 | AlgovestIQ |
| AIQ Edge Score | 6/10 | 6/10 | AlgovestIQ |
| Momentum | 46/100 | - | AlgovestIQ |
| Risk Resilience | 74/100 | 71/100 | AlgovestIQ |
AlgovestIQ AIQ Comparison
JPMorgan Equity Premium Income ETF vs Neos S&P 500(R) High Income ETF
JEPI and SPYI are effectively level
JEPI and SPYI are effectively level on the AIQ Score; the factor table below shows where each one holds its advantage.
JPMorgan Equity Premium Income ETF
Neos S&P 500(R) High Income ETF
The Algovestiq AIQ Score does not currently separate JEPI and SPYI as of Sep 9, 2026. Both names are scored on the same 0–100 scale across Quality, Value, Momentum and Risk Resilience, and the factor table below shows where each one holds its advantage.
Compare JPMorgan Equity Premium Income ETF and Neos S&P 500(R) High Income ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
Performance over time
Price-return comparison for both ETFs using available daily close history.
Total return comparison
Growth of $10,000
Based on available close-price history. Distribution reinvestment is not added unless already reflected in the source series.
Compare JEPI and SPYI 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.
- Quality68 vs 62JEPI +6
- Risk Resilience74 vs 71Even
- Value36 vs 37Even
Neither name separates cleanly on the covered dimensions.
What changed since the last close
Latest scored session 2026-09-07, compared against the prior scored session 2026-09-06.
No factor moved materially.
No new signals fired.
Largest factor move: Quality +6
No new signals fired.
JEPI's lead narrowed by 3 AIQ points in the latest snapshot.
Deeper signal detail for each name lives on its own signals page — JEPI and SPYI both carry a full feed there.
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
EvenNeither separates on the overall score.
Growth
EvenGrowth figures are not covered for both names.
Value
EvenThe two are level on Value.
Momentum
EvenThe two are level on Momentum.
Lower downside
EvenDownside measures are level or not covered.
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 | SPYI | Why it matters |
|---|---|---|---|
| Expense ratio | 0.35% | 0.68% | Lower is better — it compounds against you every year you hold. |
| Assets under management | $45.8B | $11.8B | Larger funds generally carry tighter spreads. |
| Holdings | 135 | 10 | More holdings means broader diversification, not better returns. |
| Average volume | 5,018,967 | 599,577 | Liquidity — matters most if you trade size. |
| Annualized volatility | 8.4% | 11.1% | Lower is a steadier ride for the same exposure. |
| Max drawdown | -7.7% | -10.1% | The worst peak-to-trough loss on record for the fund. |
| Sharpe ratio | -0.33 | 0.07 | Return per unit of risk. Higher is better. |
| Beta | 0.42 | 0.82 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
JEPI and SPYI share 19.59% of their weighted exposure across 66 common holdings.
SPYI is the more concentrated of the two: its ten largest positions are 24.36% of the fund, against 15.73% for JEPI (286 holdings vs 69). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
3 holdings are unique to JEPI and 220 to SPYI. Owning both is genuinely additive — most of the capital sits in different securities.
Largest shared positions
| Holding | JEPI | SPYI | Shared |
|---|---|---|---|
| MSFTMICROSOFT CORP COMMON | 1.94% | 5.51% | 1.94% |
| AMZNAMAZON.COM INC COMMON | 1.88% | 3.77% | 1.88% |
| AAPLAPPLE INC COMMON STOCK | 1.81% | 7.01% | 1.81% |
| JNJJOHNSON & COMMON | 1.82% | 1% | 1% |
| LLYELI LILLY AND COMPANY | 0.96% | 1.39% | 0.96% |
| AMDADVANCED MICRO DEVICES | 0.95% | 1.18% | 0.95% |
| WMTWALMART INC COMMON STOCK | 0.75% | 0.71% | 0.71% |
| LRCXLAM RESEARCH CORP COMMON | 1.47% | 0.57% | 0.57% |
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 SPYI?
SPYI currently has more reported holdings, with 286 positions versus 69.
Which has the lower expense ratio?
JEPI has the lower reported expense ratio in the current fund profile.
Which ETF has the higher distribution yield?
The current dataset does not show a higher-yield winner.
Which ETF has been more volatile?
SPYI 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?
The current AlgovestIQ evidence does not show a clear leader.
AIQ Agreement Matrix
How each independent group of evidence reads the pair.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | Even | 54 vs 54 |
| Fundamentals | Not covered | Not covered |
| Valuation | Even | Value 36 vs 37 |
| Technicals | Not covered | Not covered |
| Risk Resilience | Even | Risk Resilience 74 vs 71 |
| Analyst expectations | Not covered | Not covered |
AIQ Decision Stability
The two are close enough that your objective, not the score, should decide.
- The AIQ gap is narrow at 0 points. (argues the conclusion is provisional)
- 6 of 3 covered evidence groups point the same way. (supports the conclusion holding)
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 / 3 neutral, conflicted
- Death Cross Active — bearish, trend, long horizon (0.19%)
- Bollinger Band Squeeze — neutral, volatility, short horizon
- EMA Ribbon Expansion Bullish — bullish, trend, medium horizon
No active signals
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 -0.61%, AIQ 0 points).
Price is down while the AIQ Score moved up 3 points over the same session — price and model disagree (price -0.39%, AIQ +3 points).
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
Split across windows| Metric | JEPI | SPYI |
|---|---|---|
| 1 week (5 sessions) | -1% | — |
| 1 month (20 sessions) | -0.6% | — |
| 3 months (63 sessions) | 3.1% | — |
| 6 months (126 sessions) | -1.5% | — |
| Year to date | 0% | — |
| 1 year (252 sessions) | 1.1% | — |
Technicals
Split| Metric | JEPI | SPYI |
|---|---|---|
| RSI (14) | 39.5 | — |
| ADX (14) | 20.2 | — |
| Price vs 50-day | -0.6% | — |
| Price vs 200-day | -0.2% | — |
| Volatility (1M, annualized) | 5.7% | — |
Risk
Split| Metric | JEPI | SPYI |
|---|---|---|
| Beta | 0.42 | 0.82 |
| Sharpe ratio | -0.33 | 0.07 |
| Sortino ratio | -0.47 | 0.09 |
| Max drawdown | -7.7% | -10.1% |
| Current drawdown | -4.4% | -1% |
| Annualized volatility | 8.4% | 11.1% |
| Value at risk (95%) | -0.9% | -1.3% |
Straight answers
Each answer is regenerated from the current snapshot, not written once and left to age.
Which is better value, JEPI or SPYI?
Neither name separates on the peer-relative Value factor. The two are level on Value. 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 SPYI?
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 SPYI?
The two are level on Momentum. Momentum is one of the four weighted factors in 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 SPYI?
The two are close on downside measures. Downside measures are level or not covered. Risk Resilience is a weighted factor in the composite; position sizing usually responds to it more usefully than the buy/avoid decision does.
Is JEPI more profitable than SPYI?
Margin data is not comparable for both names in the current snapshot.
What do the current signals say about JEPI and SPYI?
JEPI: 1 bullish / 2 bearish / 3 neutral, conflicted. SPYI: No active signals. 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).
Compare JEPI and SPYI with others
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.