USEPvsJEPQETF Comparison
ETF 1
USEP
Innovator U.S. Equity Ultra Buffer ETF - September
This fund is part of
Options Strategies
+0.22%
VS
Innovator U.S. Equity Ultra Buffer ETF - September (USEP) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) belong to the same industry segment: Options Strategies. USEP is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.35% for JEPQ. USEP is up 7.74% year-to-date (YTD) with +$2M in YTD flows. JEPQ performs better with 13.14% YTD performance, and +$10.18B in YTD flows. Run a side-by-side ETF comparison of USEP and JEPQ 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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USEP vs JEPQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USEP JEPQ | +1.42%+2.70% | +1.83%+3.34% | +7.74%+13.14% | +9.63%+17.87% | +43.15%+74.80% | +50.36%n/a |
| Flows | USEP JEPQ | +$66M+$1.34B | +$82M+$3.76B | +$2M+$10.18B | -$7M+$11.51B | +$102M+$33.53B | +$115M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USEP JEPQ | +4.16%+13.59% | +5.11%+14.79% | +6.95%+15.73% | +7.77%n/a |
| Max drawdown | USEP JEPQ | -1.29%-6.65% | -4.07%-8.85% | -9.79%-20.17% | -12.08%n/a |
| Max drawdown duration | USEP JEPQ | 18d19d | 44d76d | 110d169d | 521dn/a |
Trading data
USEP | JEPQ | |
Last sale 10/16/2026 at 2:15 PM | $42.26 | $58.90 |
| Previous close 10/15/2026 | $42.29 | $60.10 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 2:15 PM
Live
Closed
USEP | JEPQ | |
|---|---|---|
| Last price | $42.26 | $58.90 |
| 1D performance | -0.07% | -2.00% |
| AuM | $238.25 M | $44.13 B |
| E/R | 0.79% | 0.35% |
Characteristics
USEP | JEPQ | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Innovator | J.P. Morgan Asset Management |
| Benchmark | - | - |
| N° of holdings | - | - |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 3, 2019 | May 3, 2022 |
| ESG | No | No |
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Exposure
Countries
USEP
Data will be available soon
JEPQ
Data will be available soon
Sectors
USEP
Data will be available soon
JEPQ
Data will be available soon
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Diversification
USEP
Data will be available soon
JEPQ
Data will be available soon
Top 15 holdings
Data as of January 1, 1970
USEP
Data will be available soon
JEPQ
Data will be available soon
Frequently asked questions about USEP and JEPQ
How have the USEP and JEPQ ETFs performed in 2026?
As of October 15, 2026, USEP is up 7.74% year-to-date (YTD), while JEPQ has returned 13.14%. That puts JEPQ better performer ahead so far this year.
Which ETF is attracting more investor money: USEP or JEPQ?
Year-to-date, the USEP ETF saw +$2M in flows, compared to +$10.18B for JEPQ.
Which ETF is more volatile: USEP or JEPQ?
Over the past year, USEP had a volatility of 5.11%, while JEPQ experienced 14.79%.
Which ETF is bigger: USEP or JEPQ?
As of October 15, 2026, USEP holds $238.25 M in assets under management (AUM), while JEPQ manages $44.13 B.
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June 4, 2024
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Direxion Plans to Launch 1.5x Leveraged Versions of JEPI and JEPQ
April 19, 2024
JEPQ
Direxion Plans to Launch 1.5x Leveraged Versions of JEPI and JEPQ
April 19, 2024
JEPQ
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