SPYIvsJEPIETF Comparison
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NEOS S&P 500 High Income ETF (SPYI) and JPMorgan Equity Premium Income ETF (JEPI) belong to the same industry segment: Options Strategies. SPYI's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, JEPI's top sector exposures are Technology, Healthcare and Finance. SPYI is more expensive with a Total Expense Ratio (TER) of 0.68%, versus 0.35% for JEPI. SPYI is up 6.82% year-to-date (YTD) with +$3.80B in YTD flows. JEPI performs worse with 2.84% YTD performance, and +$4.13B in YTD flows. Run a side-by-side ETF comparison of SPYI and JEPI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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SPYI vs JEPI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPYI JEPI | +1.10%+1.82% | +3.61%+0.20% | +6.82%+2.84% | +15.77%+6.93% | +50.38%+28.08% | n/a+40.78% |
| Flows | SPYI JEPI | +$498M+$506M | +$1.60B+$640M | +$3.80B+$4.13B | +$6.09B+$4.64B | +$10.25B+$16.16B | -+$42.98B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPYI JEPI | +10.74%+7.09% | +10.67%+8.19% | +12.65%+10.21% | n/a+11.20% |
| Max drawdown | SPYI JEPI | -3.83%-2.60% | -7.69%-6.70% | -16.58%-13.24% | n/a-13.83% |
| Max drawdown duration | SPYI JEPI | 37d69d | 48d144d | 125d180d | n/a420d |
Trading data
SPYI | JEPI | |
Last sale 7/23/2026 at 1:30 PM | $52.26 | $56.42 |
| Previous close 07/23/2026 | $52.84 | $56.65 |
| Consolidated volume 07/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/23/2026 at 1:30 PM
Live
Closed
SPYI | JEPI | |
|---|---|---|
| Last price | $52.26 | $56.42 |
| 1D performance | -1.10% | -0.41% |
| AuM | $10.64 B | $45.07 B |
| E/R | 0.68% | 0.35% |
Characteristics
SPYI | JEPI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | NEOS Investment Management | J.P. Morgan Asset Management |
| Benchmark | - | - |
| N° of holdings | 496 | 112 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 30, 2022 | May 20, 2020 |
| ESG | No | No |
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Exposure
Countries
SPYI
USA
97.11%
Other
2.89%
JEPI
USA
79.89%
Other
20.11%
Sectors
SPYI
Technology
44.46%
Finance
13.51%
Consumer Non-Cycl.
9%
Healthcare
8.93%
Industrials
7.83%
Other
16.27%
JEPI
Technology
18.01%
Healthcare
12.89%
Finance
12.01%
Industrials
11.73%
Consumer Non-Cycl.
11.64%
Other
33.72%
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Diversification
SPYI
Total weight of top 15 holdings out of 15
42.56%
JEPI
Total weight of top 15 holdings out of 15
23.17%
Top 15 holdings
Data as of June 30, 2026
SPYI
NVIDIA Corp.
7.39%
Apple, Inc.
6.56%
Microsoft Corp.
4.38%
Amazon.com, Inc.
3.61%
Alphabet, Inc.
3.14%
Broadcom Inc.
2.74%
Alphabet, Inc.
2.51%
Micron Technology, Inc.
1.98%
Meta Platforms, Inc.
1.90%
Tesla, Inc.
1.70%
Eli Lilly & Co.
1.50%
Berkshire Hathaway, Inc.
1.44%
JPMorgan Chase & Co.
1.40%
Advanced Micro Devices, Inc.
1.34%
Johnson & Johnson
0.97%
JEPI
Howmet Aerospace, Inc.
1.74%
AbbVie, Inc.
1.69%
Trane Technologies Plc
1.67%
Eaton Corp. Plc
1.62%
Johnson & Johnson
1.62%
Ross Stores, Inc.
1.55%
EOG Resources, Inc.
1.51%
NVIDIA Corp.
1.51%
NextEra Energy, Inc.
1.50%
3M Co.
1.49%
Lam Research Corp.
1.47%
Alphabet, Inc.
1.47%
Apple, Inc.
1.46%
Vertex Pharmaceuticals, Inc.
1.44%
American Express Co.
1.43%
Frequently asked questions about SPYI and JEPI
How have the SPYI and JEPI ETFs performed in 2026?
As of July 23, 2026, SPYI is up 6.82% year-to-date (YTD), while JEPI has returned 2.84%. That puts SPYI better performer ahead so far this year.
Which ETF is attracting more investor money: SPYI or JEPI?
Year-to-date, the SPYI ETF saw +$3.80B in flows, compared to +$4.13B for JEPI.
Which ETF is more volatile: SPYI or JEPI?
Over the past year, SPYI had a volatility of 10.67%, while JEPI experienced 8.19%.
Which ETF is bigger: SPYI or JEPI?
As of July 23, 2026, SPYI holds $10.64 B in assets under management (AUM), while JEPI manages $45.07 B.
What sectors do the SPYI and JEPI ETFs invest in?
SPYI leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, JEPI focuses on Technology, Healthcare and Finance.
What are the top holdings of the SPYI ETF and JEPI ETF?
SPYI top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. JEPI holds in its top three: Howmet Aerospace, Inc., AbbVie, Inc. and Trane Technologies Plc.
Which ETF is more diversified: SPYI or JEPI?
SPYI holds 499 securities with 42.56% of its assets in the top 15. JEPI has 112 securities and a top 15 weight of 23.17%.
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