Compare / SPYI vs JEPI
SPYI vs JEPI
NEOS S&P 500 High Income ETF vs JPMorgan Equity Premium Income ETF
Both pay monthly. Distribution rates: SPYI 12.21%, JEPI 7.07%. Share of the past 12 months’ payouts that was return of capital: 96% for SPYI and no figure for JEPI (partly estimated).
| Measure | SPYINEOS S&P 500 High Income ETF | JEPIJPMorgan Equity Premium Income ETF |
|---|---|---|
| Distribution rate | 12.21%issuer’s annualized rate, Sep 30, 2026 | 7.07%issuer’s annualized rate |
| Return of capital, last 12 months | 96%partly estimated (19a-1) | No figurenone in Gooseberry’s records |
| Income-only yield | 0.47%rate × share that wasn’t return of capital | —needs a return-of-capital figure |
| Total return, 1 year | +14.62%at NAV, payouts included, to Sep 30, 2026 | +6.62%at NAV, payouts included, to Sep 30, 2026 |
| Expense ratio | 0.68% | 0.35% |
| Pays | Monthly | Monthly |
| Latest payout | $0.5087paid Oct 23, 2026 | $0.3413paid Oct 5, 2026 |
| Paid in the last 12 months | $6.32 a share12 payouts | $4.56 a share12 payouts |
| Price | $53.39Oct 28, 2026 | $57.93Oct 29, 2026 |
| Net assets | $12.7B | — |
| Inception | Aug 29, 2022 | May 20, 2020 |
| Issuer | NEOS Investments | J.P. Morgan Asset Management |
| Structure | ETF | ETF |
| Options tax treatment | Section 1256 index options (60% long-term / 40% short-term on option gains) | — |
Payouts per share, last 12
- Income (the berries)
- Return of capital (a cutting from the bush)
- Return of capital, estimated
- No return-of-capital figure
How to read this
- Distribution rate is the issuer’s own annualized figure (for closed-end funds, the latest payout annualized on the market price). It isn’t a yield you’re promised.
- Return of capital is the share of the past year’s payouts that the issuer classified as giving your own investment back: final figures (Form 8937, year-end tax statement or annual report) where Gooseberry has them, 19a-1 estimates otherwise. A payout that a published Form 8937 leaves out counts as 0%. It isn’t taxed when paid, but it lowers your cost basis.
- Income-only yield is the distribution rate times the share that wasn’t return of capital: roughly what the fund paid out of income and gains.
- Total return is the issuer’s published 1-year return at net asset value, with payouts included.
Data from the issuers’ public disclosures, updated Oct 29, 2026, 9:42 PM ET. Not investment or tax advice.