JEPI vs SPYI: Which Pays More, and Which Returned More?
The biggest premium income ETF vs NEOS’s higher-yield, tax-aware alternative.
Side by Side
JEPI vs SPYI
| JEPI | SPYI | |
|---|---|---|
| Provider | ETF | NEOS |
| Price | $56.71 | $53.06 |
| Forward yield | 8.3% | 11.9% |
| Trailing 12-month yield | 8.1% | 11.9% |
| Payout frequency | monthly | monthly |
| Next ex-date | Jul 31, 2026 | Jul 14, 2026 |
| 1-year total return (DRIP) | +8.2% | +18.5% |
| Total return since Aug 30, 2022 (DRIP) | +42.1% | +71.7% |
| Annualized return (DRIP) | +9.6% | +15.1% |
| Price-only return (no dividends) | +1.8% | +8.0% |
JEPI vs SPYI
$10,000 invested Aug 30, 2022 to Jul 2, 2026, all dividends reinvested
JEPI vs SPYI: Common Questions
Which pays a higher yield, JEPI or SPYI?
Based on recent distributions annualized against the current price, JEPI has a forward yield of about 8.3% and SPYI about 11.9%, so SPYI currently pays the higher yield. Distribution rates change over time, especially for option income funds.
Which had the better total return, JEPI or SPYI?
From Aug 30, 2022 to Jul 2, 2026, $10,000 with all distributions reinvested grew to $14,214 in JEPI (+42.1%) versus $17,170 in SPYI (+71.7%). SPYI had the better total return over this shared window. Past performance does not predict future results.
How often do JEPI and SPYI pay distributions?
JEPI pays monthly and SPYI pays monthly. Check each fund page for the next expected ex-dividend date.
Related Comparisons
All figures are computed from split-adjusted prices and actual distributions with reinvestment on the ex-date, over the longest window both funds share (up to 5 years). Nothing on this page is investment advice. See how these numbers are calculated.