House Scorecards
JEPI vs JEPQ — dividend scorecards side by side
The published figures and checks for JEPI and JEPQ, placed side by side. Each column repeats the figures and checks from that card, in the same order as the card, with nothing added and nothing reworded.
Read each column on its own first. Yield figures use different bases across cards, and each card states its own basis in the note under the figure. The checks keep the order and wording from the card. A check marked with a tick passed on the card; a check marked with an exclamation mark was flagged on the card.
| Scorecard | JEPIJPMorgan Equity Premium Income ETFOption-income ETFIn the House | JEPQJPMorgan Nasdaq Equity Premium Income ETFOption-income ETFIn the House |
|---|---|---|
| Yield | ~7.3%Distribution rate | ~9.3%Distribution rate |
| Expense ratio | 0.35% | 0.35% |
| Dividend growth | VariesDistribution fluctuates | VariesDistribution fluctuates |
| Pays | Monthly | Monthly |
| House verdict | House verdict Income sleeve — capped upside. Covered calls convert future growth into current income. It does its job in the House — monthly cash flow — but it will lag in strong bull runs by design. | House verdict Income sleeve — capped upside. JEPI's higher-octane sibling: Nasdaq-100 covered calls pay more and swing more. Same rule applies — income sleeve, never the growth engine. |
| Coverage check | ✓Distribution is option premium plus dividends, not company earnings — coverage is structural, not an earnings payout ratio. | ✓Premium-funded distribution, like JEPI. No earnings payout ratio applies. |
| Yield check | !~7.3% is distribution, not growth. Counted as income only; total return is the honest scoreboard. | !~9.3% headline yield overstates what compounds; NAV can erode in choppy markets. Trap-adjacent if bought for the yield alone. |
The full card for each fund carries the same figures and checks, with the key risk and the conditions that would change the grade. House Scorecards grades each card on its own against the published thresholds. This page makes no recommendation about JEPI or JEPQ. The grading rules are published on the Methodology page.