JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

QQQIssuer: JPMorganInception: May 3, 2022

6.5

Overall Score

Strategy & Profile

Same structure as JEPI but on the Nasdaq-100. Active portfolio of tech large caps with OTM QQQ calls via ELNs. Higher concentration in mega-cap tech (Apple, Microsoft, Nvidia).

TTM Yield: ~10.5%

Strengths

  • ✓Strong total return (+36% in 2023)
  • ✓Quality tech exposure
  • ✓Same low expense ratio as JEPI (0.35%)

Weaknesses

  • ✗More volatile than JEPI
  • ✗Distributions taxed as ordinary income
  • ✗Underperforms QQQ in strong bull markets

Investor Profile

Investor seeking tech exposure with income, moderate volatility tolerance

Verdict

The best income/growth compromise in the Nasdaq covered call segment

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Key Metrics

Expense Ratio

0.350%

Inception Date

May 3, 2022

Benchmark

QQQ

Category

Covered Call - Nasdaq

Distribution Frequency

Monthly

Maturity Rating

3/5 stars

Scores calculated using CoveredRank methodology. Every formula is published and reproducible.

See full methodology→

Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.