JEPI vs XYLD
JPMorgan Equity Premium Income ETF vs Global X S&P 500 Covered Call ETF
Last updated: 2026-04-10
JPMorgan Equity Premium Income ETF (JEPI) is an exchange-traded fund issued by JPMorgan 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 8.30%. Launched in 2020, the fund has a 6-year track record.
Global X S&P 500 Covered Call ETF (XYLD) is an exchange-traded fund issued by Global X 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 10.77%. Launched in 2013, the fund has a 13-year track record.
Quick Verdict
JEPI is significantly cheaper at 0.35% vs 0.60% expense ratio, saving you approximately $480 per $10,000 invested over 10 years. JEPI has edged ahead over the past year (7.7% vs 6.4%). Income investors may prefer XYLD for its higher yield (10.8% vs 8.3%).
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
0 of top 9 holdings overlap (0% overlap in top holdings)
JEPI Top Holdings
| Name | Weight |
|---|---|
| Howmet Aerospace Inc.HWM | 1.69% |
| Ross Stores, Inc.ROST | 1.67% |
| NextEra Energy, Inc.NEE | 1.64% |
| Johnson & JohnsonJNJ | 1.62% |
| EOG Resources, Inc.EOG | 1.59% |
| RTX CorporationRTX | 1.56% |
| Eaton Corporation plcETN | 1.51% |
| Trane Technologies plcTT | 1.51% |
| Alphabet Inc.GOOGL | 1.49% |
| AbbVie Inc.ABBV | 1.49% |
XYLD Top Holdings
| Name | Weight |
|---|---|
| NVIDIA CorporationNVDA | 7.78% |
| Apple Inc.AAPL | 6.85% |
| Microsoft CorporationMSFT | 4.99% |
| Amazon.com, Inc.AMZN | 3.75% |
| Broadcom Inc.AVGO | 2.69% |
| Alphabet Inc.GOOG | 2.51% |
| Meta Platforms, Inc.META | 2.26% |
| Tesla, Inc.TSLA | 1.79% |
| Berkshire Hathaway Inc.BRK.B | 1.57% |
Which One Should You Choose?
Choose JEPI if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose XYLD if...
you prioritize dividend income and want higher regular distributions from your portfolio.
Either works if...
you just need broad us covered call exposure. Both are solid options — pick whichever your brokerage offers commission-free.