JEPI vs SPY: Dividend Yield, Total Return & Fees Compared
JPMorgan Equity Premium Income ETFSPDR S&P 500 ETF Trust
Data as of the close · refreshed automatically every trading day
JEPI vs SPY at a glance
This page compares JPMorgan Equity Premium Income ETF (JEPI) with SPDR S&P 500 ETF Trust (SPY) using prices and distributions through September 25, 2026. The numbers update automatically after each trading session.
With dividends reinvested, SPY has led over the last 12 months at +18.48% versus +8.55% for JEPI. JEPI currently yields 8.07% (trailing 12-month) against 0.98% for SPY. Across five years the total-return gap is +85.81% for SPY vs +42.95% for JEPI.
The higher-yielding fund (JEPI) has trailed on 1-year total return. Yield only measures the income a fund pays; total return also counts the change in share price, so it is the fuller basis for comparing the two.
| Metric | JEPI | SPY |
|---|---|---|
| Last close | $56.76 | $771.35 |
| Dividend yield | 8.07% (TTM) | 0.98% (TTM) |
| Expense ratio | 0.35% | 0.09% |
| Pays | monthly | quarterly |
| Dividends, last 12 months | $4.58 (12 payments) | $7.58 (4 payments) |
| Issuer | J.P. Morgan | SPDR |
| Inception | May 21, 2020 | Jan 23, 1993 |
Performance: JEPI vs SPY
Total return assumes every distribution is reinvested. Switch to price return to see the change in share price alone.
Total Return (%) · dividends reinvested · Sep 25, 2025 – Sep 25, 2026
Overview
Key fund stats as of the latest close.
Total returns
Price change plus dividends paid, by holding period. Best in each period is outlined.
Recent dividend payments
The latest 12 distributions per share for each fund, newest first.
| JEPI | SPY | ||
|---|---|---|---|
| Sep 1, 2026 | $0.371 | Sep 18, 2026 | $1.89 |
| Aug 3, 2026 | $0.367 | Jun 18, 2026 | $1.90 |
| Jul 1, 2026 | $0.387 | Mar 20, 2026 | $1.80 |
| Jun 1, 2026 | $0.389 | Dec 19, 2025 | $1.99 |
| May 1, 2026 | $0.448 | Sep 19, 2025 | $1.83 |
| Apr 1, 2026 | $0.421 | Jun 20, 2025 | $1.76 |
| Mar 2, 2026 | $0.351 | Mar 21, 2025 | $1.70 |
| Feb 2, 2026 | $0.344 | Dec 20, 2024 | $1.97 |
| Dec 31, 2025 | $0.427 | Sep 20, 2024 | $1.75 |
| Dec 1, 2025 | $0.371 | Jun 21, 2024 | $1.76 |
| Nov 3, 2025 | $0.346 | Mar 15, 2024 | $1.60 |
| Oct 1, 2025 | $0.361 | Dec 15, 2023 | $1.91 |
JEPI vs SPY: common questions
Which pays a higher dividend, JEPI or SPY?
As of September 25, 2026, JEPI yields 8.07% (trailing 12-month) and SPY yields 0.98% (trailing 12-month), so JEPI currently pays the higher yield. A higher yield does not guarantee a higher total return.
Which has performed better, JEPI or SPY?
Over the past year with dividends reinvested, JEPI returned +8.55% and SPY returned +18.48%. Over five years, JEPI returned +42.95% and SPY returned +85.81%. Past performance does not predict future results.
What would $10,000 in JEPI vs SPY be worth after one year?
With dividends reinvested, $10,000 invested one year before September 25, 2026 would have grown to about $10,855 in JEPI and $11,848 in SPY.
Which is cheaper to own, JEPI or SPY?
SPY has the lower expense ratio at 0.09% a year, compared with 0.35% for JEPI. On $10,000 that is roughly $9 vs $35 a year.
How often do JEPI and SPY pay dividends?
JEPI pays monthly (12 payments in the last 12 months) and SPY pays quarterly (4 payments).
Is JEPI or SPY the better investment?
It depends on your goals, time horizon and tax situation. Income-focused investors often weigh yield and payment frequency, while long-term investors usually compare total return and fees. Dividend Duel is an educational tool and does not provide investment advice.
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Figures come from end-of-day prices and distributions and are recalculated after every trading session; see our methodology. This page is for education only and is not investment advice. Past performance does not guarantee future results. Read the full disclosure.