JEPI vs PAPI
JPMorgan Equity Premium Income ETF compared with Parametric Equity Premium Income ETF on yield, payout growth, payment schedule, cost and risk.
JEPI
JPMorgan Equity Premium Income ETF
TTM yield · Monthly
PAPI
Parametric Equity Premium Income ETF
TTM yield · Monthly
Quick take
- JEPI yields more today: 8.03% vs 7.44% (forward).
- PAPI has grown its payout faster: 6.7%/yr vs -3.9%/yr over the last 1 year.
- Both pay every month.
- Over the last year PAPI delivered the higher total return: +14.3% vs +7.6% (price change plus payouts).
- PAPI is cheaper to own: 0.29% vs 0.35% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | JEPI | PAPI |
|---|---|---|
| Share price | $56.85 | $27.72 |
| TTM yield | 8.03% | 7.44% |
| Forward yield | 8.03% | 7.44% |
| Annual payout per share | $4.563 | $2.061 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 31, 2026 (est.) | Oct 30, 2026 (est.) |
| Expense ratio | 0.35% | 0.29% |
| 1-year payout growth | -3.9% | +6.7% |
| 5-year payout CAGR | +0.2% | — |
| Consecutive years of increases | 1 year | 1 year |
| Payout consistency (last 12) | 91/100 | 86/100 |
| 1-year total return | +7.6% | +14.3% |
| 1-year price return | -0.4% | +6.4% |
| Size (market cap / AUM) | 45.3B | 479.9M |
| Years paying | 6.3 | 2.9 |
| 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 | PAPI | |
|---|---|---|
| Shares | 175.9 | 360.8 |
| Income per year | $803 | $744 |
| Income per month (avg) | $67 | $62 |
At forward yields, before taxes. Model JEPI · Model PAPI
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| JEPI Oct 31, 2026 | Nov 14, 2026 | $0.3802 | Est. |
| JEPI Nov 30, 2026 | Dec 14, 2026 | $0.3802 | Est. |
| JEPI Dec 30, 2026 | Jan 13, 2027 | $0.3802 | Est. |
| PAPI Oct 30, 2026 | Nov 13, 2026 | $0.1717 | Est. |
| PAPI Nov 29, 2026 | Dec 13, 2026 | $0.1718 | Est. |
| PAPI Dec 29, 2026 | Jan 12, 2027 | $0.1718 | Est. |
Annual payouts per share
JEPIPAPI
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 PAPI?
JEPI currently has the higher trailing yield: JEPI yields 8.03% and PAPI yields 7.44%. Yield changes daily with price, so check the live figures above.
How often do JEPI and PAPI pay?
JEPI pays every month and PAPI pays every month. JEPI's next ex-date is Oct 31, 2026 and PAPI's is Oct 30, 2026.
Which has grown its dividend faster, JEPI or PAPI?
PAPI has grown its payout faster: 6.7%/yr vs -3.9%/yr over the last 1 year.
Is JEPI or PAPI better for income?
It depends on what you are optimising for. JEPI and PAPI 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.