Dividend comparison
JEPQ vs ROCQ: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for JPMorgan Nasdaq Equity Premium Income ETF and JPMorgan Nasdaq Equity Premium Yield ETF, side by side. Updated October 21, 2026.
- Fees. Both charge about 0.35% a year, so cost is not what separates them.
- Income. JEPQ pays more income, yielding 11.58% over the last twelve months versus 6.22% for ROCQ. That is about $536 more a year on $10,000. JEPQ pays monthly, ROCQ pays quarterly.
- Risk. JEPQ has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -20.1%, against -8.9% for ROCQ.
- Diversification. JEPQ holds 110 positions and ROCQ holds 97. The ten largest positions make up 43.1% of JEPQ and 54.6% of ROCQ.
- Overlap. At least 67% of the two portfolios overlap by weight, across 58 shared holdings.
- Size. JEPQ is the larger fund with $43.8 billion in assets, against $745 million for ROCQ.
Bottom line: JEPQ fits better if you care most about more income today. ROCQ fits better if you care most about smaller drawdowns.
| Metric | JEPQ JPMorgan Nasdaq Equity Premium Income ETF | ROCQ JPMorgan Nasdaq Equity Premium Yield ETF |
|---|---|---|
| Dividend yield (TTM) | 11.58% | 6.22% |
| Dividend / share (TTM) | $6.88 | $3.38 |
| Payout frequency | Monthly | Quarterly |
| Last dividend | $0.5669 on Oct 5, 2026 | $0.4912 on Oct 5, 2026 |
| Ex-dividend date | Oct 1, 2026 | Oct 1, 2026 |
| Dividend growth (CAGR) | 7.6% over 2 yrs | — |
| Price | $59.44 | $54.35 |
| Dividend growth streak | 2 years | — |
| Beta | 0.83 | 1.22 |
| Max drawdown (5Y) | -20.1% | -8.9% |
| Market cap | $43.19B | $103.9M |
| Exchange | NASDAQ | NASDAQ |
| Expense ratio | 0.35% | 0.35% |
| Assets under management | $43.83B | $745.4M |
| Number of holdings | 110 | 97 |
| Top 10 concentration | 43.1% | 54.6% |
JEPQ
$96.52/mo
$1158 /yr at 11.58% yield
ROCQ
$51.83/mo
$622 /yr at 6.22% yield
| Year | JEPQ | ROCQ |
|---|---|---|
| 2025 | $6.0025 | — |
| 2024 | $5.3800 | — |
| 2023 | $5.1840 | — |
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 ROCQ 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
| Period | JEPQ | ROCQ |
|---|---|---|
| 1 month | -1.33% | -2.88% |
| 3 months | 1.59% | -1.04% |
| Year to date | 2.27% | — |
| 1 year | 4.26% | — |
| 3 years | 61.00% | — |
| 5 years | — | — |
- JEPQ
- ROCQ
Both series indexed to 100 on 2026-04-21 using the adjusted closing price series. Past performance does not guarantee future results.
- JEPQ
- ROCQ
| Largest shared holdings | JEPQ weight | ROCQ weight |
|---|---|---|
| NVDANVIDIA CORP COMMON STOCK | 7.17% | 8.95% |
| AAPLAPPLE INC COMMON STOCK | 6.73% | 8.15% |
| MSFTMICROSOFT CORP COMMON | 5.54% | 7.08% |
| GOOGALPHABET INC-CL C - | 4.83% | 5.96% |
| MUMICRON TECHNOLOGY INC | 4.29% | 5.17% |
| AMZNAMAZON.COM INC COMMON | 4.02% | 4.94% |
| AMDADVANCED MICRO DEVICES | 3.55% | 4.34% |
| METAMETA PLATFORMS INC | 2.96% | 3.64% |
| TSLATESLA INC COMMON STOCK | 2.13% | 2.63% |
| AVGOBROADCOM INC COMMON | 1.90% | 2.59% |
JEPQ110 holdings total
| Name | Weight |
|---|---|
| NVDANVIDIA CORP COMMON STOCK | 7.17% |
| AAPLAPPLE INC COMMON STOCK | 6.73% |
| MSFTMICROSOFT CORP COMMON | 5.54% |
| GOOGALPHABET INC-CL C - | 4.83% |
| MUMICRON TECHNOLOGY INC | 4.29% |
| AMZNAMAZON.COM INC COMMON | 4.02% |
| AMDADVANCED MICRO DEVICES | 3.55% |
| METAMETA PLATFORMS INC | 2.96% |
| TSLATESLA INC COMMON STOCK | 2.13% |
| AVGOBROADCOM INC COMMON | 1.90% |
ROCQ97 holdings total
| Name | Weight |
|---|---|
| NVDANVIDIA CORP COMMON STOCK | 8.95% |
| AAPLAPPLE INC COMMON STOCK | 8.15% |
| MSFTMICROSOFT CORP COMMON | 7.08% |
| GOOGALPHABET INC-CL C - | 5.96% |
| MUMICRON TECHNOLOGY INC | 5.17% |
| AMZNAMAZON.COM INC COMMON | 4.94% |
| AMDADVANCED MICRO DEVICES | 4.34% |
| WMTWALMART INC COMMON STOCK | 3.67% |
| METAMETA PLATFORMS INC | 3.64% |
| LRCXLAM RESEARCH CORP COMMON | 2.65% |
Quick verdict
JEPQ fits better if you care most about more income today. ROCQ fits better if you care most about smaller drawdowns. 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.