Dividend comparison
JEPQ vs QQQI: Which Is Better for Income?
Side-by-side yield, projected income, and dividend fundamentals for JPMorgan Nasdaq Equity Premium Income ETF and NEOS Nasdaq-100 High Income ETF. Updated July 26, 2026.
| Metric | JEPQ JPMorgan Nasdaq Equity Premium Income ETF | QQQI NEOS Nasdaq-100 High Income ETF |
|---|---|---|
| Dividend yield (TTM) | — | — |
| Dividend / share (TTM) | — | — |
| Price | $57.96 | $52.73 |
| Payout ratio (TTM) | — | — |
| Dividend growth streak | 2 years | — |
| Beta | 0.77 | 0.91 |
| Market cap | $40.35B | $5.34B |
| Exchange | NASDAQ | NASDAQ |
| Expense ratio | 0.35% | 0.68% |
| Assets under management | $39.16B | $13.37B |
| Number of holdings | 110 | 10 |
| Top 10 concentration | 41.8% | 45.8% |
JEPQ
—/mo
Yield data unavailable
QQQI
—/mo
Yield data unavailable
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 JEPQ vs QQQI actually do
The equity sleeve stays close to the Nasdaq-100 while applying JPMorgan's own research overlay, and equity-linked notes supply the short call exposure on the index. Because Nasdaq-100 options carry higher implied volatility than S&P 500 options, the fund collects more premium and pays a bigger monthly distribution than its S&P 500 sibling. The trade is symmetrical: the underlying portfolio is more volatile, so drawdowns are deeper and the capped upside costs more in a technology-led melt-up.
Suits an income investor who wants exposure to large-cap technology but would rather be paid monthly than wait for capital gains. Not a fit for anyone who wants full participation in Nasdaq rallies or who cannot tolerate a growth-heavy, concentrated portfolio underneath the options.
Aggressive equity income
It owns Nasdaq-100 constituents and applies the same call strategy of sold and purchased index options, sized actively rather than as a fixed full overwrite. Nasdaq-100 volatility is structurally higher, so the option premium collected is larger and the monthly distribution is bigger than the S&P 500 version. NDX options are also section 1256 contracts, so the same 60/40 tax treatment and loss-harvesting mechanics apply.
Suits someone who wants technology-heavy exposure converted into monthly cash with attention paid to tax character. A poor fit if you are holding the Nasdaq-100 specifically to compound growth, because the call overlay gives away the tail of exactly the rallies that index is bought for.
Aggressive tax-aware income
| Period | JEPQ | QQQI |
|---|---|---|
| 1 month | -2.90% | -4.02% |
| 3 months | -1.75% | -2.28% |
| Year to date | -0.28% | -2.10% |
| 1 year | 9.79% | 5.17% |
| 3 years | 53.17% | — |
| 5 years | — | — |
- JEPQ
- QQQI
Both series indexed to 100 on 2024-01-30 using the adjusted closing price series. Past performance does not guarantee future results.
- JEPQ
- QQQI
JEPQ110 holdings total
| Name | Weight |
|---|---|
| NVDANVIDIA CORP COMMON STOCK | 7.11% |
| AAPLAPPLE INC COMMON STOCK | 6.61% |
| MUMICRON TECHNOLOGY INC | 4.88% |
| GOOGALPHABET INC-CL C - | 4.66% |
| MSFTMICROSOFT CORP COMMON | 4.09% |
| AMZNAMAZON.COM INC COMMON | 3.69% |
| AMDADVANCED MICRO DEVICES | 3.66% |
| METAMETA PLATFORMS INC | 2.61% |
| AVGOBROADCOM INC COMMON | 2.28% |
| LRCXLAM RESEARCH CORP COMMON | 2.18% |
Quick verdict
Compare the metrics above, then add both tickers to a Dividend Wealth portfolio to see combined income forecasts and diversification impact.
Frequently asked questions
Is JEPQ or QQQI better for dividend income?
What is the difference between JEPQ and QQQI?
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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.