What is the primary difference in the underlying index tracking between JEPI and QQQI?

According to the fund data, the index tracked for JEPI is not available. Similarly, the index tracked for QQQI is also not available. Both funds are categorised as derivative income ETFs, which implies they may employ strategies that do not rely on a standard, publicly disclosed index. Investors should consult specific prospectus documents to understand the precise benchmarking or strategy methodologies used, as this information is absent from the provided comparison data.

How do the expense ratios of JEPI and QQQI compare, and what does this mean for costs?

JEPI has an expense ratio of 0.35%, while QQQI has an expense ratio of 0.68%. The difference between the two is 0.33 percentage points. This means that for every £100 invested, JEPI charges 35 pence annually in fees, whereas QQQI charges 68 pence. While both fall under the derivative income category, the higher fee in QQQI reflects a different cost structure, which can impact net returns over time.

Are the top holdings of JEPI and QQQI significantly different from one another?

There is considerable overlap in the top holdings of both funds. The shared top-10 holdings include MSFT, AAPL, META, AMZN, NVDA, and GOOGL. However, the weighting differs substantially. In JEPI, no single top-10 position exceeds 1.94%, indicating high diversification. In contrast, QQQI holds NVDA at 8.43% and AAPL at 7.77%, showing a much more concentrated exposure to major technology and communication services companies.

What does the dividend yield difference between these ETFs indicate?

JEPI currently displays a dividend yield of 8.09%, whereas QQQI shows a higher yield of 13.72%. This difference suggests that QQQI is generating more income relative to its share price, likely through different derivative income strategies or asset composition. It is important to note that a higher yield does not guarantee total return, as income distribution mechanisms vary, and yields may fluctuate based on the underlying market conditions and options premium generation.

Which fund has established a longer track record based on inception date?

JEPI was launched on 20 May 2020, while QQQI was launched more recently on 30 January 2024. Consequently, JEPI has a longer operating history and has been in existence for several years. This established track record may provide investors with more historical data regarding performance and distribution stability. QQQI, being a newer fund, has limited long-term performance data available for assessment, reflecting a newer entry into the derivative income market.

How do the net assets of the two funds differ and what is the significance?

JEPI has net assets of $45.3 billion, while QQQI has net assets of $14.8 billion. The larger asset base of JEPI suggests significant liquidity and a high level of adoption within the market. QQQI, despite its recent 2024 inception, has gathered substantial assets, indicating strong initial interest. Investors often view larger funds as having deeper liquidity, although both figures represent significant pools of capital within the ETF market.

What are the primary risk factors associated with the concentration of holdings?

JEPI mitigates concentration risk by ensuring that its largest top-10 position remains at 1.94%. This diversification helps buffer against volatility in any single company. Conversely, QQQI presents a higher concentration risk, with its largest holding NVDA accounting for 8.43% of the portfolio. This structure makes QQQI potentially more sensitive to fluctuations in the technology sector and the specific performance of its largest constituent companies.

Do both funds disclose their sector weights in the provided comparison data?

No, the provided fund data indicates that sector weights are not available for JEPI. Similarly, the sector weights for QQQI are also listed as not available. This absence of sector weight data prevents a direct comparison of how the portfolios are distributed across different industries. Investors must seek alternative data sources or issuer disclosures to understand the sector allocation nuances of these derivative income ETFs.

What investment goals are typically associated with these two funds?

Both funds are designed to generate income through derivative strategies, often appealing to investors seeking cash flow. QQQI, with its 13.72% yield and concentrated tech holdings, may align with goals prioritising maximum immediate income and potential participation in tech rallies. JEPI, with an 8.09% yield and lower expense ratio, often suits those seeking a blend of moderate income and reduced concentration risk through a highly diversified equity base.

Why is it important to note that the index tracked is not available?

When the tracked index is listed as not available, as it is for both JEPI and QQQI, it indicates that these funds likely employ active or non-standard derivative strategies. This makes it difficult to measure performance against a traditional benchmark. Investors should be aware that this impacts transparency regarding the fund's specific targets, requiring reliance on the fund's stated investment objective rather than index tracking for performance evaluation.

What should be considered when evaluating the higher expense ratio of QQQI?

QQQI's expense ratio of 0.68% is higher than JEPI's 0.35%. While this 0.33 percentage point difference reduces net returns compared to a cheaper fund, investors must weigh this cost against the potential for higher income generation, such as the 13.72% yield offered by QQQI. The value of paying a higher fee depends on whether the investor prioritises the specific high-income strategy and concentrated tech exposure over lower costs.

What is the educational purpose of this ETF comparison?

This comparison is designed to provide factual information regarding JEPI and QQQI, highlighting differences in fees, assets, and holdings. It serves as an educational tool to help beginners understand key metrics like expense ratios and dividend yields. This content does not constitute financial advice or a recommendation to buy or sell specific securities. Investors should conduct their own research or consult a qualified financial advisor for personalised guidance.

JEPI vs QQQI

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare JEPI (JPMorgan Equity Premium Income ETF) and QQQI (NEOS NASDAQ 100 High Income ETF). Review fees, holdings, dividends and how each tracks its market. Expense ratios are 0.35% and 0.68%. Net assets are $45.3 billion and $14.8 billion. Dividend yields are 8.09% and 13.72%. Inception dates are May 20, 2020 and Jan 30, 2024. Index tracked is not available for both. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

JEPI

Metric

QQQI

0.35%

Expense Ratio

0.68%

8.09%

Dividend Yield

13.72%

$45.26B

Net Assets

$14.80B

136

Holdings

107

May 20, 2020

Inception Date

Jan 30, 2024

–

Index Tracked

–

Derivative Income

Fund Category

Derivative Income

JEPI costs about $33.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	JEPI	QQQI
MSFTMicrosoft Corporation	1.94%	5.86%
AAPLApple Inc.	1.93%	7.77%
METAMeta Platforms, Inc.	1.91%	3.21%
AMZNAmazon.com, Inc.	1.87%	4.29%
NVDANVIDIA Corporation	1.87%	8.43%
GOOGLAlphabet Inc.	1.77%	3.21%

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Investment Analysis

JEPI

Pros

JEPI generates an 8.09% dividend yield, providing substantial regular income for investors seeking cash flow.
The fund holds a highly diversified portfolio with no single top-10 position exceeding 1.94%, reducing concentration risk.
With $45.3 billion in net assets, JEPI offers deep liquidity and has established a track record since 2020.

Considerations

The 0.35% expense ratio may erode returns, though it remains competitive within the derivative income category.
JEPI lacks a specified tracked index, potentially raising transparency concerns regarding its active derivative strategy.
Dividend yields may fluctuate significantly due to options market conditions, introducing uncertainty to income projections.

QQQI

Pros

QQQI delivers a higher 13.72% dividend yield, appealing to investors prioritising maximum income generation.
The fund provides concentrated exposure to major technology firms, potentially capturing higher upside during tech rallies.
With $14.8 billion in assets, QQQI has grown rapidly since its 2024 inception, indicating strong investor interest.

Considerations

The 0.68% expense ratio is notably higher, increasing costs for long-term holders compared to similar funds.
Top holdings are heavily concentrated, with NVDA at 8.43%, increasing sensitivity to technology sector volatility.
As a newer fund launched in 2024, QQQI has a limited track record, raising questions about long-term viability.

About JEPI and QQQI

JEPI (JEPI)

The JPMorgan Equity Premium Income ETF (JEPI) is designed to provide investors with a combination of potential income and moderate equity market exposure. It typically achieves this by holding a portfolio of US equity securities while using covered call options to generate additional premium income. The fund has a net asset value of USD 45.26 billion and currently holds 136 positions, focusing on large-capitalisation companies with lower volatility characteristics. With an expense ratio of 0.35%, it remains competitive within its sector. Investors often consider JEPI for its relatively high reported dividend yield of 8.09%, which is derived from both underlying stock dividends and option premiums. However, it is important to remember that the use of derivatives can cap upside potential during strong market rallies. As with any investment, values can rise and fall, and past yields are not guaranteed for the future. This product is generally suitable for those seeking income strategies within the equity market, subject to individual risk tolerance.

QQQI (QQQI)

The NEOS NASDAQ 100 High Income ETF (QQQI) is a derivative income fund designed to offer investors exposure to the technology-heavy NASDAQ 100 index while generating substantial current income. Launched in January 2024, this ETF holds a diversified portfolio of 107 assets, primarily focusing on large-cap technology and growth companies. Its distinguishing feature is the systematic writing of covered call options on the underlying index, a strategy intended to harvest premium income that is distributed to shareholders. With a reported dividend yield of approximately 13.72%, it appeals to those seeking regular cash flow alongside potential capital appreciation. However, investors should note that the covered call strategy may limit upside potential during strong market rallies. The fund has an expense ratio of 0.68%, which is moderate for a derivative-based product. As with all investments, capital is at risk, and values can fluctuate due to market conditions.

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JEPI vs QQQI

Fund Snapshot