JEPI vs OVL
JPMorgan Equity Premium Income ETF compared with Overlay Shares Large Cap Equity ETF on yield, payout growth, payment schedule, cost and risk.
JEPI
JPMorgan Equity Premium Income ETF
TTM yield · Monthly
OVL
Overlay Shares Large Cap Equity ETF
TTM yield · Monthly
Quick take
- OVL yields more today: 9.84% vs 8.06% (forward).
- OVL has grown its payout faster: 30.1%/yr vs -0.1%/yr over the last 5 years.
- Both pay every month.
- Over the last year OVL delivered the higher total return: +23.2% vs +7.5% (price change plus payouts).
- JEPI is cheaper to own: 0.35% vs 0.79% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | JEPI | OVL |
|---|---|---|
| Share price | $56.87 | $57.33 |
| TTM yield | 8.06% | 8.10% |
| Forward yield | 8.06% | 9.84% |
| Annual payout per share | $4.583 | $5.6427 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 1, 2026 (est.) | Sep 26, 2026 (est.) |
| Expense ratio | 0.35% | 0.79% |
| 1-year payout growth | -4.1% | +203.6% |
| 5-year payout CAGR | -0.1% | +30.1% |
| Consecutive years of increases | 1 year | 3 years |
| Payout consistency (last 12) | 92/100 | 91/100 |
| 1-year total return | +7.5% | +23.2% |
| 1-year price return | -0.5% | +14.0% |
| Size (market cap / AUM) | 46.2B | 427.5M |
| Years paying | 6.2 | 6.7 |
| Sector / category | Derivative Income | Derivative Income |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| JEPI | OVL | |
|---|---|---|
| Shares | 175.8 | 174.4 |
| Income per year | $806 | $984 |
| Income per month (avg) | $67 | $82 |
At forward yields, before taxes. Model JEPI · Model OVL
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| JEPI Oct 1, 2026 | Oct 15, 2026 | $0.3819 | Est. |
| JEPI Oct 31, 2026 | Nov 14, 2026 | $0.3819 | Est. |
| JEPI Nov 30, 2026 | Dec 14, 2026 | $0.3819 | Est. |
| OVL Sep 26, 2026 | Oct 10, 2026 | $0.4702 | Est. |
| OVL Oct 26, 2026 | Nov 9, 2026 | $0.4702 | Est. |
| OVL Nov 25, 2026 | Dec 9, 2026 | $0.4702 | Est. |
Annual payouts per share
JEPIOVL
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, JEPI or OVL?
OVL currently has the higher trailing yield: JEPI yields 8.06% and OVL yields 8.10%. Yield changes daily with price, so check the live figures above.
How often do JEPI and OVL pay?
JEPI pays every month and OVL pays every month. JEPI's next ex-date is Oct 1, 2026 and OVL's is Sep 26, 2026.
Which has grown its dividend faster, JEPI or OVL?
OVL has grown its payout faster: 30.1%/yr vs -0.1%/yr over the last 5 years.
Is JEPI or OVL better for income?
It depends on what you are optimising for. JEPI and OVL differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.