(JPEQ returned) 9.81% for the twelve months ended June 30,2025. The S&P 500 returned 15.16% and the Nasdaq-100 returned 16.10%.<\/p>\n<\/blockquote>\n\n\n\n
Bummer, Ted.<\/p>\n\n\n\n
JPEQ Review Time<\/h3>\n\n\n\n
As an investment, you could probably do a lot worse than JPEQ. As a port of a well-diversified, long-term portfolio you probably have better options.<\/p>\n\n\n\n
Where JPEQ can be worthwhile is that sort of mid-term spot, or I suppose, if you want to generate income that’s less irritating that what a savings account might kick out and more turnkey than managing your own bond portfolio. If you’re wondering why such a mid ETF generates such buzz, the answer is this:<\/p>\n\n\n\n Nobody listens to that past performance is not a predictor of future results thing. JPEQ was on fire in 2023, and it had a hell of a calendar year 2024 as well. <\/p>\n\n\n\n In 2025? Well….<\/p>\n\n\n\n As was foretold by everyone who wasn’t a JEPQ zealot, and the prospectus, and investment knowledge, selling covered calls to generate income isn’t always the best way to make money. Sometimes, you sell a covered call at 28 on a stock at 25 and the stock blows up to 33 and keeps going, and… you missed out because your shares got called away at 28. This is particularly tricky when you have a President who just wakes up sometimes and decides to blurt out whatever market moving talk popped into his head that morning.<\/p>\n\n\n\n The January to April period was particularly bad. There’s been something of a comeback through the rest of the year, but while JEPQ is heading toward breakeven, the rest of the market is setting records and all-time highs and stuff. That chart above is going to look pretty rough when S&P 500 is up 10% or 15% and JEPQ is up 3% or 4%. Forget the NASDAQ.<\/p>\n\n\n\n Of course, the point (sort of) of JEPQ is earning income along with your returns. Assuming you aren’t reinvesting your dividends, JEPQ kicks out monthly dividends. <\/p>\n\n\n If you don’t want to pull out your calculator, that’s $4.52768. <\/p>\n\n\n\n So, while your 100 shares of JEPQ you bought on January 2, 2025 is basically break even here in September, you did earn $452.77 in dividends. But, don’t forget if you take those dividends in cash, you don’t get the “total return” number you see on all those graphs telling you this is a brilliant idea.<\/p>\n\n\n\n Look, I’m not here to bring down FinTwit or anybody’s idea of a good investment. JEPQ can be a part of a solid investment strategy. But, if you are managing a fairly sizable portfolio, you probably don’t have the extra capital to be putting in JEPQ. <\/p>\n","protected":false},"excerpt":{"rendered":" The JPMorgan Nasdaq Equity Premium Income ETF is popular around the internet’s financial communities. Places like Twitter (FinTwit) and Reddit ooze with opinions on JEPQ and whether those who invest are suckers or geniuses. As always, it depends. What Is JEPQ? JEPQ is an exchange traded fund, or ETF managed by JPMorgan. The fund, more or less, seeks to mimic the ever-growing popularity of selling covered calls to generate income while still holding your stocks to become rich and famous from their capital appreciation. To do this, it starts with a fund comprised of stocks to roughly approximate the Nasdaq 100, and then it sells covered-calls (and equity-linked notes, which are institutional sized covered calls) on those stocks to generate income. If everything goes according to plan, the fund will generate income and hold those stocks as well. The best of both worlds. When things don’t go according to plan, stocks rise rapidly taking out said covered-calls and making them money losing exchanges of pennies for multiple dollars of share price increases. Fortunately, those things are hidden silently within the fund so you don’t have to worry your pretty little head about that. In the end, you get (JPEQ returned) … <\/p>\n![\"\"](\"https:\/\/financegourmet.com\/blog\/wp-content\/uploads\/2025\/09\/image.png\" "\\"\\"")
<\/figure>\n\n\n\nJEPQ for Income<\/h2>\n\n\n\n
Dividend Paid Date:<\/td> Cash Amount<\/td><\/tr> 01\/03\/2025<\/td> $0.45584<\/td><\/tr> 02\/05\/2025<\/td> $0.45019<\/td><\/tr> 03\/05\/2025<\/td> $0.48238<\/td><\/tr> 04\/03\/2025<\/td> $0.54069<\/td><\/tr> 05\/05\/2025<\/td> $0.59786<\/td><\/tr> 06\/04\/2025<\/td> $0.62074<\/td><\/tr> 07\/03\/2025<\/td> $0.49416<\/td><\/tr> 08\/05\/2025<\/td> $0.44377<\/td><\/tr> 09\/04\/2025<\/td> $0.44195<\/td><\/tr><\/tbody><\/table><\/figure>\n\n<\/div>\n\n\n ![\"\"](\"https:\/\/financegourmet.com\/blog\/wp-content\/uploads\/2025\/09\/image-1-550x390.png\" "\\"\\"")
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