ETFs / JEPQ
What If You Had Invested in JEPQ 4 Years Ago?
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) with real monthly prices, dividends reinvested, through November 2026.
JEPQ $53.71 ▼ -5.95% last close, Nov 05, 2026
If you had invested $1,000 in JEPQ in November 2022, today it would be worth
$1,842
Same $1,000 in the S&P 500 (SPY): $1,894
If you had put $500 a month into JEPQ since November 2022, your $24,500 would be worth today
$31,165
Same plan in the S&P 500 (SPY): $33,670
More options in the What If calculator.
JEPQ live price chart
JEPQ returns by period
| Period | Total return | Per year | $1,000 became | SPY per year |
|---|---|---|---|---|
| Sep 01, 2026 | $0.6830 | -3.1% | ||
| Aug 03, 2026 | $0.7050 | +10.7% | ||
| Jul 01, 2026 | $0.6370 | +12.9% | ||
| Jun 01, 2026 | $0.5640 | -4.6% | ||
| May 01, 2026 | $0.5910 | +5.7% | ||
| Apr 01, 2026 | $0.5590 | +9.8% | ||
| Mar 02, 2026 | $0.5090 | +9.2% | ||
| Feb 02, 2026 | $0.4660 | -19.1% | ||
| Dec 31, 2025 | $0.5760 | +4.2% | ||
| Dec 01, 2025 | $0.5530 | +16.2% | ||
| Nov 03, 2025 | $0.4760 | +6.7% | ||
| Oct 01, 2025 | $0.4460 | — |
JEPQ year by year
Best full year: 2023 (+36.3%). Worst: 2025 (+15.2%).
| Year | JEPQ | SPY | What happened |
|---|---|---|---|
| 2026 (so far) | +0.1% | +8.3% | |
| 2025 | +15.2% | +17.7% | |
| 2024 | +24.8% | +24.9% | |
| 2023 | +36.3% | +26.2% |
JEPQ: all at once or every month?
Take $12,000: all of it on day one, or $1,000 a month for a year. Across every starting month since 2022 (43 of them), the lump sum was ahead after 12 months in 41 (95%). That is lopsided: for JEPQ, waiting to invest has usually cost money. The best case for monthly investing was a start in May 2022, when it finished the year 4% ahead.
Worst drop
JEPQ's worst fall in this history was -13.5%, milder than the worst falls of most stock funds, from July 2022 to September 2022. It was back at the old high by March 2023, only 6 months after the bottom. $1,000 invested at that peak shrank to about $865 at the low.
JEPQ dividends
JEPQ paid $5.84 per share over the last 12 months, monthly. At $53.71 that is 10.88%, a high yield, so a large part of the return arrives as cash.
| Year | Dividends / share | Change | Yield |
|---|---|---|---|
| 2025 | $6.12 | +12.5% | 10.54% |
| 2024 | $5.44 | +8.8% | 9.66% |
| 2023 | $5.00 | +29.9% | 10.02% |
| 2022 | $3.85 | — | 9.44% |
Yield = each year’s dividends divided by the price at the end of the year.
JEPQ dividend history: last 12 payments
| Ex-dividend date | Amount | Change |
|---|---|---|
| Sep 01, 2026 | $0.6830 | -3.1% |
| Aug 03, 2026 | $0.7050 | +10.7% |
| Jul 01, 2026 | $0.6370 | +12.9% |
| Jun 01, 2026 | $0.5640 | -4.6% |
| May 01, 2026 | $0.5910 | +5.7% |
| Apr 01, 2026 | $0.5590 | +9.8% |
| Mar 02, 2026 | $0.5090 | +9.2% |
| Feb 02, 2026 | $0.4660 | -19.1% |
| Dec 31, 2025 | $0.5760 | +4.2% |
| Dec 01, 2025 | $0.5530 | +16.2% |
| Nov 03, 2025 | $0.4760 | +6.7% |
| Oct 01, 2025 | $0.4460 | — |
About JEPQ
| Issuer | J.P. Morgan |
| Launched | May 2022 |
| Tracks | Actively managed (Nasdaq-100 stocks + options income) |
| Expense ratio | 0.35% |
| Holdings | About 100 Nasdaq-100 stocks plus option-linked notes |
Fund details as of 2025. Check the issuer for the current expense ratio and holdings.
JEPQ applies JEPI's approach to the Nasdaq-100: it owns mostly Nasdaq-100 stocks and sells call options on the index to generate monthly income. Because the Nasdaq-100 is more volatile, the option premiums, and so the yield, tend to be higher than JEPI's.
The cost is the same: in strong tech rallies JEPQ keeps only part of the gain. Compare it with QQQ to see how much upside was given up for the income.
Questions about JEPQ
How much would $10,000 invested in JEPQ 3 years ago be worth today?
About $14,828 with dividends reinvested, invested at the November 2023 close: 48.3% in total, or 14.0% a year.
When does JEPQ pay dividends?
In the last 12 months the payments went out every month, $5.84 per share in total.
Did JEPQ beat the S&P 500?
No. Over the last 3 years it trailed by 4.5 percentage points a year: +14.0% a year for JEPQ against +18.5% for SPY, dividends reinvested. Its worst fall was about the same as SPY's.