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PAPI vs JEPQ

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

PAPI

Parametric Equity Premium Income ETF

Eaton Vance ETFs

Annual cost

0.29%

Fund size

$367M

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

JPMorgan

Annual cost

0.35%

Fund size

$37.7B

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.
  • PAPI is classified as alternative, while JEPQ is equity — different risk/return profiles.
  • PAPI follows a option income strategy; JEPQ uses active selection.

Side-by-side comparison

PAPIJEPQ
Annual cost (TER)0.29%0.35%
Fund size (AUM)$367M$37.7B
Since20232022
Dividend yield7.48%10.43%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeactive selection
CAGR 1Y+14.8%+30.2%
CAGR 3YN/A+21.2%
CAGR 5YN/AN/A
Sharpe 3YN/A1.13
Volatility 1Y10.81%11.77%
Max drawdown-14.27%-20.07%

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

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