JEPQ vs XYLD
JPMorgan Nasdaq Equity Premium Income ETF vs Global X S&P 500 Covered Call ETF
Last updated: 2026-04-02
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is an exchange-traded fund that provides exposure to us covered call securities. It charges an above-average expense ratio of 0.35%. The fund offers a high dividend yield of 11.10%. Launched in 2022, the fund has a 4-year track record.
Global X S&P 500 Covered Call ETF (XYLD) is an exchange-traded fund that provides exposure to us covered call securities. It charges a high expense ratio of 0.60%. The fund offers a high dividend yield of 10.93%. Launched in 2013, the fund has a 13-year track record.
Quick Verdict
JEPQ is significantly cheaper at 0.35% vs 0.60% expense ratio, saving you approximately $480 per $10,000 invested over 10 years. Over the past year, JEPQ has significantly outperformed with a 7.6% return vs -0.5%.
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
8 of top 9 holdings overlap (89% overlap in top holdings)
JEPQ Top Holdings
| Name | Weight |
|---|---|
| NVIDIA CorporationNVDA | 7.41% |
| Apple Inc.AAPL | 6.44% |
| Alphabet Inc.GOOG | 5.14% |
| Microsoft CorporationMSFT | 4.86% |
| Amazon.com, Inc.AMZN | 4.05% |
| Meta Platforms, Inc.META | 3.05% |
| Tesla, Inc.TSLA | 2.62% |
| Walmart Inc.WMT | 2.49% |
| Broadcom Inc.AVGO | 2.25% |
| Netflix, Inc.NFLX | 2.09% |
XYLD Top Holdings
| Name | Weight |
|---|---|
| NVIDIA CorporationNVDA | 7.45% |
| Apple Inc.AAPL | 6.72% |
| Microsoft CorporationMSFT | 4.95% |
| Amazon.com, Inc.AMZN | 3.64% |
| Broadcom Inc.AVGO | 2.58% |
| Alphabet Inc.GOOG | 2.37% |
| Meta Platforms, Inc.META | 2.18% |
| Tesla, Inc.TSLA | 1.85% |
| Berkshire Hathaway Inc.BRK.B | 1.62% |
Which One Should You Choose?
Choose JEPQ if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose JEPQ if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Either works if...
you just need broad us covered call exposure. Both are solid options — pick whichever your brokerage offers commission-free.