Curated comparison
JEPI vs JEPQ vs DIVO
Compare three active monthly income funds with materially different equity universes and option overlays.
Dataset c480dc112b80 · imported Oct 9, 2026 · issuer evidence checked 2026-09-08
Open interactive comparisonDirect answer
The choice starts with portfolio role
JEPI emphasizes a smoother large-cap profile, JEPQ accepts more Nasdaq concentration, and DIVO uses a smaller stock portfolio with selective call writing.
| Fund | Yield | AUM | Expense | Cumulative return | Payout | Status |
|---|---|---|---|---|---|---|
| JEPILower-volatility equity income | 8.00% | $45.7B | 0.35% | +94.0% | Monthly | Source-reported |
| JEPQNasdaq equity income | 11.20% | $43.9B | 0.35% | +96.0% | Monthly | Source-reported |
| DIVOSelective covered-call income | 4.90% | $7.9B | 0.56% | +219.0% | Monthly | Source-reported |
Yield, AUM, and cumulative return are source-reported and may use different as-of dates. Fees, inception, strategy, and payout cadence are checked against official issuer material. A distribution rate is not a total-return forecast.
Decision framework
Best-for distinctions and trade-offs
| Fund and role | May fit | Structural trade-off | Key risk |
|---|---|---|---|
| JEPILower-volatility equity income | Investors prioritizing monthly cash flow and a smoother equity profile over full upside participation. | JEPI is not a substitute for the S&P 500: the options-linked sleeve reshapes both income and upside. Judge it on total return, tax character, downside behavior, and distribution variability—not yield in isolation. | Equity-linked notes add counterparty and structural complexity, while option income can cap participation in fast-rising markets. |
| JEPQNasdaq equity income | Income-focused investors who want technology-heavy equity exposure with an options-income overlay. | JEPQ starts from a more growth-sensitive opportunity set than JEPI. That can support higher option premiums and upside, but it also raises concentration and valuation risk. | Technology concentration, equity-linked-note exposure, and capped upside can combine poorly during sharp market reversals. |
| DIVOSelective covered-call income | Investors wanting monthly income with a more selective, actively managed options overlay. | DIVO differs from index buy-write funds because it owns a compact stock portfolio and writes calls tactically on selected positions. That preserves more upside flexibility, while adding manager-selection risk and a higher fee. | A concentrated portfolio and discretionary options decisions make outcomes depend heavily on the manager’s stock and strike selection. |
Deterministic planning example
What a $10,000 position implies
Annual distribution estimate = $10,000 × displayed source-reported yield. The monthly equivalent divides that result by 12. Annual fund cost uses the issuer-checked expense ratio and remains separate from distributions.
| Fund | Displayed yield | Est. annual distributions | Monthly equivalent | Annual fund cost |
|---|---|---|---|---|
| JEPI | 8.00% | $800 | $67 | $35 |
| JEPQ | 11.20% | $1,120 | $93 | $35 |
| DIVO | 4.90% | $490 | $41 | $56 |
This is a static arithmetic scenario, not a forecast or promised payment schedule. It assumes yield and expense ratio remain unchanged and excludes taxes, trading costs, reinvestment, distribution composition, and price or NAV movement. Cash distributions can coincide with a capital loss.
Reviewed research
Go deeper on this comparison
- JEPI vs JEPQ vs DIVO: Understanding the Monthly-Income Tradeoffs
A practical comparison of three active monthly-income ETFs, focusing on underlying stocks, option design, distribution risk, and portfolio fit.
Evidence and scorecards
Review each fund’s source record
The comparison reuses validated scorecard facts and keeps unavailable or conflicting fields unchanged. Each scorecard provides its public review status, limitations, and approved evidence path without exposing the private ingestion registry.
Frequently asked questions
Questions about JEPI vs JEPQ vs DIVO
How do JEPI, JEPQ, and DIVO differ?
JEPI uses a broad large-cap equity-premium approach, JEPQ adds more Nasdaq and technology exposure, and DIVO owns a more concentrated dividend portfolio with selective call writing. Their monthly schedules do not make their equity exposure or option structures interchangeable.
Are the monthly distributions from JEPI, JEPQ, and DIVO guaranteed?
No. Distribution amounts and composition can change, and option income may limit upside without preventing losses. Treat the displayed yield as a planning input, then review NAV behavior, total return, taxes, portfolio concentration, and current issuer documents.
Method and limitation
The direct answer and decision table compare visible portfolio roles, costs, payout cadence, source-reported metrics, and stated strategy risks. No composite score ranks these funds. Source-defined cumulative returns can cover different periods and are not treated as like-for-like performance. This educational comparison does not account for your taxes, time horizon, other holdings, or suitability.
Read the methodology and financial disclaimer, then confirm current facts with each issuer.