Dividend comparison

JEPQ vs XDTE: 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 - S&P 500 0DTE Covered Call Strategy ETF, side by side. Updated October 21, 2026.

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JEPQ vs XDTE: 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 XDTE. On $10,000 that is $62 a year less in fees.
Income. XDTE pays more income, yielding 30.05% over the last twelve months versus 11.58% for JEPQ. That is about $1,847 more a year on $10,000. JEPQ pays monthly, XDTE pays weekly.
Performance. Over the last 1 year, JEPQ returned 4.3% versus -11.3% for XDTE, with dividends reinvested. $10,000 would have grown to $10,426 in JEPQ and $8,872 in XDTE.
Risk. Their worst declines over the last 1 year were similar: -20.1% for JEPQ and -19.1% for XDTE from peak to trough.
Diversification. JEPQ holds 110 positions and XDTE holds 6. The ten largest positions make up 43.1% of JEPQ and 192.2% of XDTE.
Size. JEPQ is the larger fund with $43.8 billion in assets, against $324 million for XDTE.

Bottom line: JEPQ fits better if you care most about lower fees, stronger 1-year returns and broader diversification. XDTE 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.

Metric	JEPQ JPMorgan Nasdaq Equity Premium Income ETF	XDTE Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF
Dividend yield (TTM)	11.58%	30.05%
Dividend / share (TTM)	$6.88	$11.46
Payout frequency	Monthly	Weekly
Last dividend	$0.5669 on Oct 5, 2026	$0.1440 on Oct 16, 2026
Ex-dividend date	Oct 1, 2026	Oct 15, 2026
Dividend growth (CAGR)	7.6% over 2 yrs	—
Price	$59.44	$38.14
Dividend growth streak	2 years	—
Beta	0.83	0.92
Max drawdown (5Y)	-20.1%	-19.1%
Market cap	$43.19B	$322.3M
Exchange	NASDAQ	CBOE
Expense ratio	0.35%	0.97%
Assets under management	$43.83B	$324.2M
Number of holdings	110	6
Top 10 concentration	43.1%	192.2%

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

XDTE

$250.41/mo

$3005 /yr at 30.05% yield

Dividend history

Total dividends paid per share in each calendar year. JEPQ pays monthly; XDTE pays weekly.

Year	JEPQ	XDTE
2025	$6.0025	$13.4830
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 XDTE 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 Mar 7, 2024 would now be worth $13,399 in JEPQ and $11,281 in XDTE.

Period	JEPQ	XDTE
1 month	-1.33%	-0.57%
3 months	1.59%	-0.88%
Year to date	2.27%	-3.86%
1 year	4.26%	-11.28%
3 years	61.00%	—
5 years	—	—

JEPQ
XDTE

Both series indexed to 100 on 2024-03-07 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
XDTE

JEPQ vs XDTE 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

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%

XDTE6 holdings total

Name	Weight
4SPY 271119C00077430SPY 11/19/2027 77.43 C	89.76%
4SPX 270319C00678800SPX 03/19/2027 678.8 C	67.92%
4SPX 270611C00678800SPX 06/11/2027 678.8 C	24.55%
WEEKRoundhill Weekly T-Bill ETF	7.48%
FGXXXFirst American Government Obligations Fund 12/01/2031	2.52%

Quick verdict

JEPQ fits better if you care most about lower fees, stronger 1-year returns and broader diversification. XDTE 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 XDTE better for dividend income?

It depends on your goals. JEPQ currently yields 11.58% Trailing Twelve Months (TTM) while XDTE yields 30.05%. 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 XDTE?

JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is an ETF listed on NASDAQ. Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF (XDTE) 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 XDTE?

JEPQ has the lower expense ratio. JEPQ charges 0.35% a year and XDTE charges 0.97%, a difference of $62 a year on a $10,000 investment.

Which has performed better, JEPQ or XDTE?

Over the last 1 year, JEPQ has the higher total return with dividends reinvested: JEPQ returned 4.3% and XDTE returned -11.3%. Past performance does not predict future returns.

Which is riskier, JEPQ or XDTE?

Measured by the worst peak-to-trough decline over the last five years, JEPQ has been riskier: JEPQ fell as much as 20.1% and XDTE as much as 19.1%. Their betas are 0.83 and 0.92.

How often do JEPQ and XDTE pay dividends?

JEPQ pays monthly and XDTE pays weekly.

How much income does $10,000 in JEPQ vs XDTE generate?

At current TTM yields, $10,000 in JEPQ would generate roughly $96.52 per month ($1158 annually). The same amount in XDTE would produce about $250.41 per month ($3005 annually). Actual payouts vary with distribution changes and reinvestment.

Can I hold both JEPQ and XDTE?

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 XDTE with my full portfolio?

Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how JEPQ and XDTE 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.