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JEPQ vs PAPI

JPMorgan Nasdaq Equity Premium Income ETF vs Parametric Equity Premium Income ETF

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

JPMorgan

Annual cost

0.35%

Fund size

$37.7B

PAPI

Parametric Equity Premium Income ETF

Eaton Vance ETFs

Annual cost

0.29%

Fund size

$367M

Key differences

  • PAPI costs 0.06% less per year.
  • JEPQ is significantly larger than PAPI — larger funds tend to be more liquid and less likely to close.
  • JEPQ is classified as equity, while PAPI is alternative — different risk/return profiles.
  • JEPQ follows a active selection strategy; PAPI uses option income.

Side-by-side comparison

JEPQPAPI
Annual cost (TER)0.35%0.29%
Fund size (AUM)$37.7B$367M
Since20222023
Dividend yield10.43%7.48%
Asset classequityalternative
Regionnorth americanorth america
Strategyactive selectionoption income
CAGR 1Y+30.2%+14.8%
CAGR 3Y+21.2%N/A
CAGR 5YN/AN/A
Sharpe 3Y1.13N/A
Volatility 1Y11.77%10.81%
Max drawdown-20.07%-14.27%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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