JEPI vs SPYI: Income Fund Comparison
JPMorgan Equity Premium Income ETF - US (JEPI) and NEOS S&P 500 High Income ETF - US (SPYI) are both income-focused funds. Below is our independent side-by-side review using the Dependable Income Investing 13-factor scoring system — designed specifically for income investors seeking reliable, sustainable distributions.
Also see: JEPI individual review · SPYI individual review
| JEPI | SPYI | |
|---|---|---|
| Fund Name | JPMorgan Equity Premium Income ETF - US | NEOS S&P 500 High Income ETF - US |
| Fund Type | Diversified Fund | Index Based Fund |
| Exchange | NYSE/NASDAQ | NYSE/NASDAQ |
| Last Reviewed | 2026-03-06 | 2026-03-06 |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: JEPI vs SPYI 20% of overall score
Fund Attributes cover the foundational characteristics of each fund: cost, company backing, track record, and size. These factors reflect stability and cost-efficiency for long-term income investors.
Expense ratio is 0.35% which is low for an options-based income ETF.
Management fee and total annual fund operating expenses are 0.68%.
J.P. Morgan Asset Management has trillions in assets under management - one of the largest asset managers in the world.
NEOS Investments total ETF AUM is approximately $21.6 billion across all 19 funds as of 03/05/2026.
Fund inception date was May 20th 2020 - approximately 5.8 years of history as of review date.
Fund inception was 8/29/2022 - approximately 3.5 years of history as of review date.
Approximately $44.58 Billion in assets under management as of March 2026. One of the most popular income ETFs in the world.
Fund net assets approximately $8.0 billion as of 03/03/2026.
Risk: JEPI vs SPYI 35% of overall score
Risk factors evaluate how each fund manages volatility, diversification, and the nature of its underlying assets — critical considerations for income investors who prioritise capital preservation.
See the full Risk analysis for both JEPI and SPYI — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: JEPI vs SPYI 45% of overall score
Return factors assess income generation quality: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.
See the full Return analysis for both JEPI and SPYI — yield ratings, distribution consistency scores, and capital history.
View Plans →Our Review Methodology
Every fund reviewed on Dependable Income Investing is scored using our 13-factor Fund Report Card, organised into three weighted categories: Fund Attributes (20%), Risk (35%), and Return (45%). Each criterion is rated 1–5 by our analysts based on publicly available fund data.
We also calculate a Dependability Score — a weighted composite of six income-specific factors ranked by importance for retirement income investors: Yield Stability, Yield, Volatility, Capital History, Fund Risk, and Underlying Assets. This score answers the question income investors care about most: can I depend on this fund to pay me reliably?
Full scores, ratings, and analyst notes for both JEPI and SPYI are available in the Dependable Income Investing app.
Frequently Asked Questions: JEPI vs SPYI
Which has a lower expense ratio, JEPI or SPYI?
JEPI: Expense ratio is 0.35% which is low for an options-based income ETF.
SPYI: Management fee and total annual fund operating expenses are 0.68%.
Which fund has more assets under management, JEPI or SPYI?
JEPI: Approximately $44.58 Billion in assets under management as of March 2026. One of the most popular income ETFs in the world.
SPYI: Fund net assets approximately $8.0 billion as of 03/03/2026.
Which fund has been trading longer, JEPI or SPYI?
JEPI: Fund inception date was May 20th 2020 - approximately 5.8 years of history as of review date.
SPYI: Fund inception was 8/29/2022 - approximately 3.5 years of history as of review date.
Who manages JEPI vs SPYI?
JEPI: J.P. Morgan Asset Management has trillions in assets under management - one of the largest asset managers in the world.
SPYI: NEOS Investments total ETF AUM is approximately $21.6 billion across all 19 funds as of 03/05/2026.
Where can I see the full JEPI vs SPYI comparison with scores?
The complete side-by-side comparison — including all Risk and Return scores, analyst notes, Overall Score, and Dependability Score for both funds — is available in the Dependable Income Investing app.
See the Full JEPI vs SPYI Comparison
The Dependable Income Investing app gives you the complete picture: all 13 scoring factors for both funds, Risk and Return analyst notes, Dependability Scores, and tools to compare any income fund side by side.
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