JEPQ vs QQQ
JPMorgan Nasdaq Equity Premium Income ETF vs Invesco QQQ Trust
Last updated: 2026-04-10
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) 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 10.74%. Launched in 2022, the fund has a 4-year track record.
Invesco QQQ Trust (QQQ) is an exchange-traded fund issued by Invesco that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.18%. The fund offers a modest dividend yield of 0.46%. Launched in 1999, the fund has a 27-year track record.
Quick Verdict
QQQ is significantly cheaper at 0.18% vs 0.35% expense ratio, saving you approximately $332 per $10,000 invested over 10 years. Over the past year, QQQ has significantly outperformed with a 37.0% return vs 17.9%. Income investors may prefer JEPQ for its higher yield (10.7% 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
9 of top 9 holdings overlap (100% overlap in top holdings)
JEPQ Top Holdings
| Name | Weight |
|---|---|
| NVIDIA CorporationNVDA | 7.45% |
| Apple Inc.AAPL | 6.29% |
| Alphabet Inc.GOOG | 5.40% |
| Microsoft CorporationMSFT | 4.66% |
| Amazon.com, Inc.AMZN | 4.33% |
| Meta Platforms, Inc.META | 3.19% |
| Walmart Inc.WMT | 2.47% |
| Broadcom Inc.AVGO | 2.46% |
| Micron Technology, Inc.MU | 2.45% |
| Tesla, Inc.TSLA | 2.32% |
QQQ Top Holdings
| Name | Weight |
|---|---|
| NVIDIA CorporationNVDA | 8.69% |
| Apple Inc.AAPL | 7.47% |
| Microsoft CorporationMSFT | 5.55% |
| Amazon.com, Inc.AMZN | 4.61% |
| Tesla, Inc.TSLA | 3.47% |
| Meta Platforms, Inc.META | 3.41% |
| Alphabet Inc.GOOG | 3.32% |
| Walmart Inc.WMT | 3.32% |
| Broadcom Inc.AVGO | 3.18% |
Which One Should You Choose?
Choose QQQ if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose QQQ if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Choose JEPQ if...
you prioritize dividend income and want higher regular distributions from your portfolio.