Dividend comparison
JEPI vs RDTE: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for JPMorgan Equity Premium Income ETF and Roundhill Investments - Russell 2000 0DTE Covered Call Strategy ETF, side by side. Updated October 21, 2026.
- Fees. JEPI is cheaper at 0.35% a year versus 0.97% for RDTE. On $10,000 that is $62 a year less in fees.
- Income. RDTE pays more income, yielding 44.20% over the last twelve months versus 7.96% for JEPI. That is about $3,624 more a year on $10,000. JEPI pays monthly, RDTE pays weekly.
- Performance. Over the last 1 year, JEPI returned 1.6% versus -20.7% for RDTE, with dividends reinvested. $10,000 would have grown to $10,159 in JEPI and $7,928 in RDTE.
- Risk. RDTE has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -24.4%, against -13.7% for JEPI.
- Diversification. JEPI holds 135 positions and RDTE holds 4. The ten largest positions make up 18.3% of JEPI and 190.9% of RDTE.
- Size. JEPI is the larger fund with $46.0 billion in assets, against $155 million for RDTE.
Bottom line: JEPI fits better if you care most about lower fees, stronger 1-year returns, smaller drawdowns and broader diversification. RDTE fits better if you care most about more income today.
| Metric | JEPI JPMorgan Equity Premium Income ETF | RDTE Roundhill Investments - Russell 2000 0DTE Covered Call Strategy ETF |
|---|---|---|
| Dividend yield (TTM) | 7.96% | 44.20% |
| Dividend / share (TTM) | $4.56 | $11.26 |
| Payout frequency | Monthly | Weekly |
| Last dividend | $0.3413 on Oct 5, 2026 | $0.1484 on Oct 16, 2026 |
| Ex-dividend date | Oct 1, 2026 | Oct 15, 2026 |
| Dividend growth (CAGR) | 2.5% over 4 yrs | — |
| Price | $57.36 | $25.48 |
| Dividend growth streak | 1 year | — |
| Beta | 0.43 | 1.04 |
| Max drawdown (5Y) | -13.7% | -24.4% |
| Market cap | $45.72B | $154.0M |
| Exchange | AMEX | CBOE |
| Expense ratio | 0.35% | 0.97% |
| Assets under management | $46.01B | $154.6M |
| Number of holdings | 135 | 4 |
| Top 10 concentration | 18.3% | 190.9% |
JEPI
$66.30/mo
$796 /yr at 7.96% yield
RDTE
$368.32/mo
$4420 /yr at 44.20% yield
| Year | JEPI | RDTE |
|---|---|---|
| 2025 | $4.6876 | $13.6433 |
| 2024 | $4.2494 | — |
| 2023 | $4.7634 | — |
| 2022 | $6.2478 | — |
| 2021 | $4.2455 | — |
Payouts are variable rather than contractual, are often taxed as ordinary income, and a fund that pays out more than the strategy earns will see its net asset value drift down over time.
What JEPI vs RDTE actually do
The equity sleeve is picked from S&P 500 names screened for lower volatility and quality rather than for dividend yield, so it usually moves like a calmer version of the index. Separately the fund holds equity-linked notes whose payoff comes from writing roughly one-month, slightly out-of-the-money calls on the S&P 500 itself, not on the individual stocks it owns. The premium from those notes is distributed monthly, which is why the payout is far larger than the dividends the underlying companies actually pay.
Suits an investor who wants a large monthly cash payment from US large caps and accepts a trimmed share of any strong rally. It fits badly in a high-bracket taxable account, since option income arrives as ordinary income, and badly for an account whose only job is long-run growth.
Moderate-risk equity income
| Period | JEPI | RDTE |
|---|---|---|
| 1 month | 1.99% | -4.93% |
| 3 months | 1.43% | -11.16% |
| Year to date | 0.21% | -13.22% |
| 1 year | 1.59% | -20.72% |
| 3 years | 29.10% | — |
| 5 years | 33.92% | — |
- JEPI
- RDTE
Both series indexed to 100 on 2024-09-10 using the adjusted closing price series. Past performance does not guarantee future results.
- JEPI
- RDTE
JEPI135 holdings total
| Name | Weight |
|---|---|
| MSFTMICROSOFT CORP COMMON | 1.99% |
| AAPLAPPLE INC COMMON STOCK | 1.94% |
| AMZNAMAZON.COM INC COMMON | 1.91% |
| MAMASTERCARD INC COMMON | 1.91% |
| VVISA INC COMMON STOCK | 1.82% |
| NVDANVIDIA CORP COMMON STOCK | 1.80% |
| METAMETA PLATFORMS INC | 1.80% |
| ABBVABBVIE INC COMMON STOCK | 1.74% |
| GOOGLALPHABET INC-CL A - | 1.72% |
| EOGEOG RESOURCES INC COMMON | 1.71% |
RDTE4 holdings total
| Name | Weight |
|---|---|
| 4IWM 271119C00027810IWM 11/19/2027 27.81 C | 89.61% |
| 4RUT 270319C00252300RUT 03/19/2027 252.3 C | 47.70% |
| 4RUT 261218C002462004RUT US 12/18/26 C246.2 FLX | 43.79% |
| WEEKRoundhill Weekly T-Bill ETF | 6.77% |
| FGXXXFirst American Government Obligations Fund 12/01/2031 | 3.04% |
Quick verdict
JEPI fits better if you care most about lower fees, stronger 1-year returns, smaller drawdowns and broader diversification. RDTE fits better if you care most about more income today. Model the holding inside your real portfolio before deciding.
Frequently asked questions
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.