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JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)



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Upturn Advisory Summary
10/17/2025: JEPQ (4-star) is a STRONG-BUY. BUY since 86 days. Simulated Profits (12.57%). Updated daily EoD!
Analysis of Past Performance
Type ETF | Historic Profit 36.55% | Avg. Invested days 73 | Today’s Advisory Regular Buy |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 0.83 | 52 Weeks Range 43.25 - 56.09 | Updated Date 06/29/2025 |
52 Weeks Range 43.25 - 56.09 | Updated Date 06/29/2025 |
Upturn AI SWOT
JPMorgan Nasdaq Equity Premium Income ETF
ETF Overview
Overview
The JPMorgan Nasdaq Equity Premium Income ETF (JEPI) seeks to provide current income while maintaining prospects for modest capital appreciation. It employs a covered call strategy, primarily investing in equities of the Nasdaq 100 Index and selling out-of-the-money call options on the index. The fund balances income generation with potential growth.
Reputation and Reliability
JPMorgan is a well-established and reputable financial institution with significant experience in asset management.
Management Expertise
JPMorgan has a seasoned management team with extensive expertise in options strategies and equity portfolio management.
Investment Objective
Goal
To provide current income while maintaining prospects for modest capital appreciation.
Investment Approach and Strategy
Strategy: JEPI uses a covered call strategy. It invests in equities that are constituents of the Nasdaq 100 Index and sells out-of-the-money call options on the index.
Composition Primarily holds equities within the Nasdaq 100 Index, with a portion of its assets allocated to options.
Market Position
Market Share: JEPI holds a significant market share in the covered call ETF space, though difficult to definitively quantify as the entire 'covered call' market isn't precisely categorized.
Total Net Assets (AUM): 32450000000
Competitors
Key Competitors
- Global X NASDAQ 100 Covered Call ETF (QYLD)
- NEOS S&P 500 High Income ETF (SPYI)
- Amplify CWP Enhanced Dividend Income ETF (DIVO)
Competitive Landscape
The covered call ETF market is competitive, with JEPI being a dominant player due to its large AUM. JEPI differentiates itself through active management within the Nasdaq 100, whereas QYLD is passively managed. SPYI uses a different index, therefore they are less direct competitors, while DIVO invests in dividend stocks instead of index funds.
Financial Performance
Historical Performance: Historical performance varies depending on the market conditions and the Nasdaq 100's performance. Data needs to be pulled in dynamically from a financial data source for accurate values.
Benchmark Comparison: The ETF is benchmarked against the Nasdaq 100 Index, but the covered call strategy will generally result in lower upside capture and higher income compared to the index.
Expense Ratio: 0.35
Liquidity
Average Trading Volume
JEPI exhibits high liquidity, as evidenced by its robust average daily trading volume.
Bid-Ask Spread
JEPI typically has a tight bid-ask spread, making it relatively inexpensive to trade.
Market Dynamics
Market Environment Factors
Economic indicators, interest rate movements, and the volatility of the Nasdaq 100 all influence JEPI's performance.
Growth Trajectory
JEPI has experienced strong growth in AUM since its inception, reflecting investor demand for income-generating strategies in a low-yield environment.
Moat and Competitive Advantages
Competitive Edge
JEPI's active management within the Nasdaq 100 provides a competitive edge, allowing it to dynamically adjust its covered call strategy based on market conditions. The fund's large AUM provides economies of scale and enhanced liquidity. JPMorgan's brand recognition and distribution network further contribute to its advantage. The actively managed covered call strategy distinguishes it from passively managed competitors. This can lead to enhanced risk-adjusted returns over the long term.
Risk Analysis
Volatility
JEPI's volatility is generally lower than the Nasdaq 100 due to the income generated from the covered call strategy, which acts as a buffer during market downturns.
Market Risk
JEPI is subject to market risk, particularly the risks associated with the Nasdaq 100. The covered call strategy caps potential upside gains if the Nasdaq 100 rises significantly.
Investor Profile
Ideal Investor Profile
JEPI is suitable for income-seeking investors, including retirees or those looking to supplement their current income. Investors should have a moderate risk tolerance and an understanding of options strategies.
Market Risk
JEPI is best suited for long-term investors seeking a blend of income and modest capital appreciation. It is less suitable for active traders seeking high growth.
Summary
JPMorgan Nasdaq Equity Premium Income ETF (JEPI) offers investors a unique blend of current income and potential capital appreciation through a covered call strategy on the Nasdaq 100. Its active management differentiates it from passive competitors, allowing for dynamic adjustments to the strategy. The fund's large AUM and JPMorgan's brand provide stability and liquidity. It is suitable for income-seeking investors with moderate risk tolerance who understand the dynamics of options strategies. However, the covered call strategy will limit upside potential during strong bull markets.
Peer Comparison
Sources and Disclaimers
Data Sources:
- JPMorgan Asset Management Website
- ETF.com
- Morningstar
- Yahoo Finance
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About JPMorgan Nasdaq Equity Premium Income ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund seeks to achieve this objective by (1) creating an actively managed portfolio of equity securities comprised significantly of those included in the fund"s primary benchmark, the Nasdaq-100 Index® (the Benchmark), and (2) through equity-linked notes (ELNs), selling call options with exposure to the Benchmark. It is non-diversified.

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