Dividend comparison

JEPQ vs RDTE: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for JPMorgan Nasdaq Equity Premium Income ETF and Roundhill Investments - Russell 2000 0DTE Covered Call Strategy ETF, side by side. Updated October 21, 2026.

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JEPQ vs RDTE: key differences
The short answer, from the latest data on this page.
  • Fees. JEPQ 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 11.58% for JEPQ. That is about $3,262 more a year on $10,000. JEPQ pays monthly, RDTE pays weekly.
  • Performance. Over the last 1 year, JEPQ returned 4.3% versus -20.7% for RDTE, with dividends reinvested. $10,000 would have grown to $10,426 in JEPQ 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 -20.1% for JEPQ.
  • Diversification. JEPQ holds 110 positions and RDTE holds 4. The ten largest positions make up 43.1% of JEPQ and 190.9% of RDTE.
  • Size. JEPQ is the larger fund with $43.8 billion in assets, against $155 million for RDTE.

Bottom line: JEPQ 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.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricJEPQ
JPMorgan Nasdaq Equity Premium Income ETF
RDTE
Roundhill Investments - Russell 2000 0DTE Covered Call Strategy ETF
Dividend yield (TTM)11.58%44.20%
Dividend / share (TTM)$6.88$11.26
Payout frequencyMonthlyWeekly
Last dividend$0.5669 on Oct 5, 2026$0.1484 on Oct 16, 2026
Ex-dividend dateOct 1, 2026Oct 15, 2026
Dividend growth (CAGR)7.6% over 2 yrs—
Price$59.44$25.48
Dividend growth streak2 years—
Beta0.831.04
Max drawdown (5Y)-20.1%-24.4%
Market cap$43.19B$154.0M
ExchangeNASDAQCBOE
Expense ratio0.35%0.97%
Assets under management$43.83B$154.6M
Number of holdings1104
Top 10 concentration43.1%190.9%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

JEPQ

$96.52/mo

$1158 /yr at 11.58% yield

RDTE

$368.32/mo

$4420 /yr at 44.20% yield

Dividend history
Total dividends paid per share in each calendar year. JEPQ pays monthly; RDTE pays weekly.
YearJEPQRDTE
2025$6.0025$13.6433
2024$5.3800—
2023$5.1840—
Strategy: Options income
These funds own equities and sell call options against them, converting a share of future price appreciation into cash paid out now. How much upside is surrendered depends on the design: writing at the money on the whole portfolio pays the most and keeps the least, while writing on a partial slice or using purchased offsets keeps more of a rally. Distributions come mainly from option premium rather than from company dividends, so the headline yield is not comparable to a dividend fund's.

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 RDTE actually do

JEPQ
The Nasdaq-100 version of the same JPMorgan strategy: an actively managed portfolio of large-cap growth stocks plus call options written through equity-linked notes.

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

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Sep 10, 2024 would now be worth $13,027 in JEPQ and $9,497 in RDTE.
PeriodJEPQRDTE
1 month-1.33%-4.93%
3 months1.59%-11.16%
Year to date2.27%-13.22%
1 year4.26%-20.72%
3 years61.00%—
5 years——
  • JEPQ
  • RDTE
8611213820242025202613095

Both series indexed to 100 on 2024-09-10 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • JEPQ
  • RDTE
0%15%30%46%61%Technology61.0%14.5%Healthcare4.2%20.9%Consumer Cyclical10.5%8.6%Financial Services0.4%18.0%Industrials3.9%13.3%Communication Services12.6%2.3%Consumer Defensive5.2%2.6%Energy0.3%6.4%Real Estate0.2%6.4%Basic Materials0.8%4.3%Other0.9%2.7%
JEPQ vs RDTE holdings overlap
At least 0% overlap by weight, with 0 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Top 10 holdings
Largest positions by portfolio weight.

JEPQ110 holdings total

NameWeight
NVDANVIDIA CORP COMMON STOCK7.17%
AAPLAPPLE INC COMMON STOCK6.73%
MSFTMICROSOFT CORP COMMON5.54%
GOOGALPHABET INC-CL C -4.83%
MUMICRON TECHNOLOGY INC4.29%
AMZNAMAZON.COM INC COMMON4.02%
AMDADVANCED MICRO DEVICES3.55%
METAMETA PLATFORMS INC2.96%
TSLATESLA INC COMMON STOCK2.13%
AVGOBROADCOM INC COMMON1.90%

RDTE4 holdings total

NameWeight
4IWM 271119C00027810IWM 11/19/2027 27.81 C89.61%
4RUT 270319C00252300RUT 03/19/2027 252.3 C47.70%
4RUT 261218C002462004RUT US 12/18/26 C246.2 FLX43.79%
WEEKRoundhill Weekly T-Bill ETF6.77%
FGXXXFirst American Government Obligations Fund 12/01/20313.04%

Quick verdict

JEPQ 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.

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Frequently asked questions

Is JEPQ or RDTE better for dividend income?
It depends on your goals. JEPQ currently yields 11.58% Trailing Twelve Months (TTM) while RDTE yields 44.20%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between JEPQ and RDTE?
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is an ETF listed on NASDAQ. Roundhill Investments - Russell 2000 0DTE Covered Call Strategy ETF (RDTE) is an ETF listed on CBOE. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, JEPQ or RDTE?
JEPQ has the lower expense ratio. JEPQ charges 0.35% a year and RDTE charges 0.97%, a difference of $62 a year on a $10,000 investment.
Which has performed better, JEPQ or RDTE?
Over the last 1 year, JEPQ has the higher total return with dividends reinvested: JEPQ returned 4.3% and RDTE returned -20.7%. Past performance does not predict future returns.
Which is riskier, JEPQ or RDTE?
Measured by the worst peak-to-trough decline over the last five years, RDTE has been riskier: JEPQ fell as much as 20.1% and RDTE as much as 24.4%. Their betas are 0.83 and 1.04.
How often do JEPQ and RDTE pay dividends?
JEPQ pays monthly and RDTE pays weekly.
How much income does $10,000 in JEPQ vs RDTE generate?
At current TTM yields, $10,000 in JEPQ would generate roughly $96.52 per month ($1158 annually). The same amount in RDTE would produce about $368.32 per month ($4420 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both JEPQ and RDTE?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare JEPQ vs RDTE with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how JEPQ and RDTE fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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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.