JEPI vs SPYI: distribution, yield and NAV.
JPMorgan Equity Premium Income ETF against Neos S&P 500(R) High Income ETF, from the records members read.
JEPI distributes $0.35/share a month, a 8.09% trailing yield at $56.43. NAV $56.38, expense ratio 0.35%, return of capital low. SPYI distributes $0.51/share a month, a 12.33% trailing yield at $51.29. NAV $51.11, expense ratio 0.68%, return of capital very high.
Q1 · What each pays
Distributions vary month to month; the last was $0.35/share. The last ex-date was November 2, 2026, paid November 4, 2026.
Distributions vary month to month; the last was $0.51/share. The last ex-date was October 21, 2026, paid October 23, 2026.
Q2 · What to check on each
Net asset value is $56.38/share, and the shares trade 0.09% above it. The expense ratio is 0.35% on $46.2B of assets. Return of capital in the distributions reads low, 0% of the 2025 payout by the final tax characterization.
Net asset value is $51.11/share, and the shares trade 0.35% above it. The expense ratio is 0.68% on $12.5B of assets. Return of capital in the distributions reads very high, 95% of the 2025 payout by the final tax characterization.
Distribution history, last eight payments
| Ex-date | Paid | Per share |
|---|---|---|
| Nov 2, 2026 | Nov 4, 2026 | $0.35 |
| Oct 1, 2026 | Oct 5, 2026 | $0.34 |
| Sep 1, 2026 | Sep 3, 2026 | $0.37 |
| Aug 3, 2026 | Aug 5, 2026 | $0.37 |
| Jul 1, 2026 | Jul 6, 2026 | $0.39 |
| Jun 1, 2026 | Jun 3, 2026 | $0.39 |
| May 1, 2026 | May 5, 2026 | $0.45 |
| Apr 1, 2026 | Apr 6, 2026 | $0.42 |
| Ex-date | Paid | Per share |
|---|---|---|
| Oct 21, 2026 | Oct 23, 2026 | $0.51 |
| Sep 16, 2026 | Sep 18, 2026 | $0.53 |
| Aug 19, 2026 | Aug 21, 2026 | $0.54 |
| Jul 22, 2026 | Jul 24, 2026 | $0.53 |
| Jun 16, 2026 | Jun 18, 2026 | $0.53 |
| May 20, 2026 | May 22, 2026 | $0.54 |
| Apr 22, 2026 | Apr 24, 2026 | $0.52 |
| Mar 18, 2026 | Mar 20, 2026 | $0.51 |
Read the full records
- Covered-call ETFs: income or principalHow to tell a distribution earned from option premium from one paid out of the fund.
- Is the JEPI distribution return of capitalReading the 19a notices and the final 1099 characterization.
- Building an income portfolioWhere a covered-call fund sits next to preferreds and baby bonds.
This page describes two records and picks neither. The score describes income quality on a 0-to-10 scale and ranks nothing. Credit quality shows Investment grade, High yield or Not rated. Sources: SEC EDGAR, licensed market data, FRED. Nothing on this page is investment advice or a recommendation to buy, sell or hold.
Both records open in full with a free account.
No card is required. The full record adds the price chart and the complete distribution ledger.