JEPI was highlighted on November 2 as a defensive income vehicle that combines dividend‑paying equities with a covered‑call options overlay, a strategy aimed at generating an average annualized yield of about 8 % per month. The analyst noted that the fund’s equity holdings contributed roughly a 1.43 % dividend yield, while the options overlay was expected to add significant income and downside protection. The commentary emphasized lower volatility and the potential for reinvestment, positioning JEPI as a defensive income vehicle. The analyst concluded with a buy recommendation, citing the attractive yield and risk mitigation features. No other developments were reported for JEPI on that date.
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JEPI|ETF Info
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Sector
ETF
Industry
ETF
Exchange
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Country
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Website
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Symbol
JEPI
Description
JPMorgan Equity Premium Income ETF is an exchange-traded fund (ETF).
JEPI|Top holdings
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No holdings found
JEPI|Monthly Returns
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Market Data
JEPI ETF Snapshot
NEUTRAL40/100
$56.58+$0.19 (0.3%)
Net assets
$46.2B
Expense ratio
0.35%
12-mo distribution yield
8.09%
Holdings
129
Day range
$56.15 – $56.77
NAV (Nov 5, 2026)
$58.29
News sentiment
70/100 · Bullish
52-week range+2.8% off low · -5.6% from high
$55.04$59.94
JPMorgan Equity Premium Income ETF (JEPI) is a derivative income exchange-traded fund from JPMorgan, launched May 20, 2020. Its latest SEC N-PORT filing lists 129 positions, with 18.4% of the fund in the ten largest. The fund charges an expense ratio of 0.35% a year and holds $46.2B in assets.
Holdings & Allocation
What does JEPI hold?
JPMorgan Equity Premium Income ETF's largest position is MA at 1.96% of the fund, and its top 10 holdings add up to 18.4% of 129 positions. By sector, the biggest exposure is Technology at 18.0%.
JPMorgan Equity Premium Income ETF paid $4.56 per share over the last 12 months, a trailing 12-month distribution yield of 8.09% at the current price. It pays monthly.
Trailing 12-month distribution yield
8.09%
Paid per share, last 12 months
$4.56
Last payment (ex Oct 1, 2026)
$0.341
Next ex-date (estimated)
~Nov 30, 2026
Paid per share by year
$3.232020
$4.162021
$6.362022
$4.622023
$4.222024
$4.722025
$3.422026 YTD
Recent payments
Ex-date
Amount
Type
Oct 1, 2026
$0.341
Regular
Sep 1, 2026
$0.371
Regular
Aug 3, 2026
$0.367
Regular
Jul 1, 2026
$0.387
Regular
Jun 1, 2026
$0.389
Regular
May 1, 2026
$0.448
Regular
Apr 1, 2026
$0.421
Regular
Mar 2, 2026
$0.351
Regular
Yield counts regular payments only and is computed from paid distributions and the latest close; it is not the SEC 30-day yield. The next ex-date is estimated from the payment schedule.
Behaviour On Record
What JEPI's own history says about today's numbers
7years1,624 sessions
Realized volatility (21d)
7.5% 35th pct
Below its peak
-8.1%
vs 200-day average
+2.1%
Up days (1y)
51%
JPMorgan Equity Premium Income ETF is currently running 7.5% annualised volatility over the last 21 sessions. Measured against JEPI's own 6 years of daily returns rather than a market-wide average, that is the 35th percentile — on the quiet side for this fund, against a typical reading of 8.7%.
JEPI is trading -8.1% below its running peak. Across 6 full years on file, its median worst-drawdown-in-a-year was -7.6%, and the deepest was -19.1% in 2022. The current drawdown is already deeper than this fund's typical annual low point, which puts it in the part of its range where past recoveries began, and where past declines also continued.
Price sits +2.1% from its 200-day moving average. Against every other day in its history, that gap ranks at the 69th percentile — a somewhat wider gap than its own norm. Over the past year JEPI closed higher on 51% of sessions, and it is currently 2 sessions into a rising streak.
On November specifically: over 6 years of records, JEPI finished the month higher 5 of 6 times, with a median return of +4.0% and an average of +3.6%. Its strongest month historically has been November at +3.6% on average, its weakest September at -1.6%.
Overnight risk is measurable too: JEPI has opened more than 2% away from the prior close in 24 of 1,623 sessions (1.5% of the time), with the largest gaps running +3.9% and -3.2%.
All figures computed from 1,624 daily closes between 2020-05-21 and 2026-11-05, split-adjusted, recomputed daily. Percentiles are against JEPI's own 7-year history, not a peer group or index.
Options Market
What is the options market pricing for JEPI?
CallsPuts
For JPMorgan Equity Premium Income ETF's nearest expiry (2026-11-20, 14 days out), open interest is put-heavy, a defensive/bearish tilt (put/call ratio of 1.38), with at-the-money implied volatility around 14.6%. The options market is pricing roughly a ±2.9% move by that expiry — a range of about $54.96–$58.26.
Put/call ratio (2026-11-20)
1.38
ATM implied volatility
14.6%
Total open interest
9,565
Expected move by 2026-11-20
±2.9% ($54.96–$58.26)
News & sentiment
What is the news saying about JEPI?
JEPI rose 0.1% over the month to Nov 6. News tone held between 35 and 49 from Oct 6 to Oct 27, then jumped to 70 on Nov 2.
On the daily chart JEPI ranks at the 42nd percentile for momentum against 1,060 stocks and ETFs, a neutral reading.
Momentum rank by timeframe0 = weakest, 100 = strongest
See what drives the rankThe inputs behind each timeframe's momentum rank, plus RSI, stochastics, Bollinger Bands and moving averages. Free with an account.
Institutional ownership
Are big funds buying or selling JEPI?
22 of the 46 tracked managers added to JEPI in their latest 13F and 22 trimmed. Together their positions are worth $8.3B.
