<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/05/Wall-Street.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/05/Wall-Street.png"/></p>
<p>摩根大通纳斯达克股票溢价收益 ETF（JEPQ）在去年表现强劲，跃升至创纪录的 59 美元。它在过去三年中持续上涨，管理资产（AUM）已超过 320 亿美元。</p>
<p>同样，NEOS 纳斯达克 100 高收益 ETF（QQQI）也上涨至创纪录的 55 美元，比去年四月的最低点上涨了近 50%。那么，JEPQ 和 QQQI 之间哪个 ETF 更值得购买呢？</p>
<h2>什么是 JEPQ ETF？</h2>
<p>JEPQ 是第二大覆盖看涨期权 ETF，管理资产超过 320 亿美元。它的目标是让投资者接触蓝筹纳斯达克 100 指数，同时为他们提供每月分红。</p>
<p>该基金的费用比率为 0.35%，分红收益率为 9.54%，远高于目前美国债券的收益。</p>
<p>JEPQ 通过使用覆盖看涨期权策略来实现这一目标，该策略涉及购买指数中的股票，然后写出其看涨期权。看涨期权赋予投资者在特定价格购买资产的权利，但没有义务。</p>
<p>它通过写出与股票相关的票据（ELN）来执行期权策略，并获取期权费。该期权费通常在高波动性时期增加。它的费用比率为 0.35%。</p>
<h2>什么是 NEOS 纳斯达克 100 高收益 ETF（QQQI）？</h2>
<p>QQQI ETF 与 JEPQ 类似，旨在通过投资纳斯达克 100 指数中的公司来产生股息和股票收益。它投资于这些公司，然后出售纳斯达克 100 指数的虚值看涨期权。它通过再投资股权投资的股息和看涨期权的溢价来产生收益。</p>
<p>该基金受益于使用被视为第 1256 条的期权，这在税务上待遇更好。它还使用税损收割的方法来减少最终支付给政府的税款。</p>
<h2>QQQI 与 JEPQ ETF：哪个更值得购买？</h2>
<p>覆盖看涨期权 ETF，通常被称为 “婴儿潮糖果基金”，在过去几年中变得流行。这一增长是由于其高股息收益，预计随着美联储降低利率，需求将继续增加。</p>
<p>JEPQ 的费用比率为 0.35%，远低于 QQQI 的 0.68%，因此 JEPQ 的基金成本更低。这意味着在这两个基金中投资 10,000 美元，分别会收取 35 美元和 68 美元的费用。这一差异随着时间的推移可能会累积。</p>
<p>阅读更多：2025 年纳斯达克 100 指数和 QQQ ETF 的主要滞后者揭晓</p>
<p>然而，历史表明，QQQI 能够通过其表现来抵消费用差异。例如，Seeking Alpha 编制的数据表明，其在过去 12 个月的总回报为 18.6%，高于 JEPQ 的 15.1%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2026/01/JEPQ-vs-QQQI-1024x354.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2026/01/JEPQ-vs-QQQI-1024x354.png"/></p>
<p><em>QQQI vs JEPQ vs QQQ | 来源：Seeking Alpha</em></p>
<p>QQQI 的表现主要得益于其方法，专注于数据驱动的期权策略，以实现高月收入。这使得其波动性更大，但潜在收益更高。另一方面，JEPQ 通常更稳定，波动性较小。</p>
<p>需要明确的是：虽然 QQQI ETF 优于 JEPQ，但值得注意的是，投资 QQQ 提供了更好的回报。正如上面的图表所示，简单的纳斯达克 100 ETF 表现更佳，其总回报为 20%，这一趋势已经持续多年。</p>
<p>这篇文章最初发表于 Invezz，标题为 “喜欢蓝筹 JEPQ ETF？QQQI 可能是一个不错的替代选择”</p>

<p>JPMorgan NASDAQ 股票溢价收益 ETF (JEPQ) 表现良好，达到 59 美元的历史高点，资产规模超过 320 亿美元。NEOS 纳斯达克 100 高收益 ETF (QQQI) 也取得了显著增长，达到了 55 美元。JEPQ 的费用比率为 0.35%，低于 QQQI 的 0.68%，但在过去一年中，QQQI 的总回报率为 18.6%，高于 JEPQ 的 15.1%。虽然 QQQI 提供了更高的波动性和潜在回报，但 JEPQ 更加稳定。总体而言，QQQI 可能是更好的投资选择</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/05/Wall-Street.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/05/Wall-Street.png"/></p>
<p>The JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) had a strong performance last year as it jumped to a record high of $59. It has risen in the previous three consecutive years, with its assets under management (AUM) rising to over $32 billion.</p>
<div class="lb-trans"><p>摩根大通纳斯达克股票溢价收益 ETF（JEPQ）在去年表现强劲，跃升至创纪录的 59 美元。它在过去三年中持续上涨，管理资产（AUM）已超过 320 亿美元。</p>
</div><p>Similarly, the NEOS Nasdaq 100 High Income ETF (QQQI) rose to a record high of $55, up by nearly 50% from its lowest level in April last year. So, which is a better ETF to buy between JEPQ and QQQI?</p>
<div class="lb-trans"><p>同样，NEOS 纳斯达克 100 高收益 ETF（QQQI）也上涨至创纪录的 55 美元，比去年四月的最低点上涨了近 50%。那么，JEPQ 和 QQQI 之间哪个 ETF 更值得购买呢？</p>
</div><h2>What is the JEPQ ETF?</h2>
<div class="lb-trans"><h2>什么是 JEPQ ETF？</h2>
</div><p>JEPQ is the second-biggest covered call ETF with over $32 billion in assets. Its goal is to give investors exposure to the blue-chip Nasdaq 100 Index, while giving them monthly dividends.</p>
<div class="lb-trans"><p>JEPQ 是第二大覆盖看涨期权 ETF，管理资产超过 320 亿美元。它的目标是让投资者接触蓝筹纳斯达克 100 指数，同时为他们提供每月分红。</p>
</div><p>The fund, which has an expense ratio of 0.35% and a dividend yield of 9.54%, is much higher than what US bonds are offering today.</p>
<div class="lb-trans"><p>该基金的费用比率为 0.35%，分红收益率为 9.54%，远高于目前美国债券的收益。</p>
</div><p>JEPQ achieves this goal by using the covered call strategy, which involves buying stocks in the index and then writing its call options. A call option gives an investor a right but no obligation to buy an asset at a certain price.</p>
<div class="lb-trans"><p>JEPQ 通过使用覆盖看涨期权策略来实现这一目标，该策略涉及购买指数中的股票，然后写出其看涨期权。看涨期权赋予投资者在特定价格购买资产的权利，但没有义务。</p>
</div><p>It executes the options strategy by writing equity-linked notes (ELN) and pocketing the premium. This premium normally increases in periods of high volatility. It has an expense ratio of 0.35%.</p>
<div class="lb-trans"><p>它通过写出与股票相关的票据（ELN）来执行期权策略，并获取期权费。该期权费通常在高波动性时期增加。它的费用比率为 0.35%。</p>
</div><h2>What is the NEOS Nasdaq-100 High Income ETF (QQQI)?</h2>
<div class="lb-trans"><h2>什么是 NEOS 纳斯达克 100 高收益 ETF（QQQI）？</h2>
</div><p>The QQQI ETF is a similar one to JEPQ in that it aims to generate dividend and stock returns by investing in companies in the Nasdaq 100 Index. It invests in these companies and then sells out-of-the-money call options on the Nasdaq-100 Index. It generates its returns by reinvesting dividends from its equity investments and the call premiums.</p>
<div class="lb-trans"><p>QQQI ETF 与 JEPQ 类似，旨在通过投资纳斯达克 100 指数中的公司来产生股息和股票收益。它投资于这些公司，然后出售纳斯达克 100 指数的虚值看涨期权。它通过再投资股权投资的股息和看涨期权的溢价来产生收益。</p>
</div><p>The fund benefits from using options that are treated as Section 1256, which are treated better tax-wise. It also uses the tax-loss harvesting approach to reduce the final taxes paid to the government.</p>
<div class="lb-trans"><p>该基金受益于使用被视为第 1256 条的期权，这在税务上待遇更好。它还使用税损收割的方法来减少最终支付给政府的税款。</p>
</div><h2>QQQI vs JEPQ ETF: which is a better buy?</h2>
<div class="lb-trans"><h2>QQQI 与 JEPQ ETF：哪个更值得购买？</h2>
</div><p>Covered call ETFs, which are commonly known as boomer candy funds, have become popular in the past few years. This growth is driven by their high dividend yields, and chances are that the higher demand will continue as the Fed slashes interest rates.</p>
<div class="lb-trans"><p>覆盖看涨期权 ETF，通常被称为 “婴儿潮糖果基金”，在过去几年中变得流行。这一增长是由于其高股息收益，预计随着美联储降低利率，需求将继续增加。</p>
</div><p>JEPQ is a much cheaper fund than QQQI as its expense ratio stands at 0.35%, lower than QQQI’s 0.68%. This ratio means that a $10,000 investment in these funds will charge $35 and $68 a year. This difference can add up over time.</p>
<div class="lb-trans"><p>JEPQ 的费用比率为 0.35%，远低于 QQQI 的 0.68%，因此 JEPQ 的基金成本更低。这意味着在这两个基金中投资 10,000 美元，分别会收取 35 美元和 68 美元的费用。这一差异随着时间的推移可能会累积。</p>
</div><p>READ MORE: Nasdaq 100 Index and QQQ ETF top laggards in 2025 revealed</p>
<div class="lb-trans"><p>阅读更多：2025 年纳斯达克 100 指数和 QQQ ETF 的主要滞后者揭晓</p>
</div><p>However, history shows that the QQQI is able to offset the fee difference by its performance. For example, data compiled by Seeking Alpha shows that its total return in the last 12 months was 18.6%, higher than JEPQ’s 15.1%.</p>
<div class="lb-trans"><p>然而，历史表明，QQQI 能够通过其表现来抵消费用差异。例如，Seeking Alpha 编制的数据表明，其在过去 12 个月的总回报为 18.6%，高于 JEPQ 的 15.1%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2026/01/JEPQ-vs-QQQI-1024x354.png" alt="" original-src="https://invezz.com/wp-content/uploads/2026/01/JEPQ-vs-QQQI-1024x354.png"/></p>
<p><em>QQQI vs JEPQ vs QQQ | Source: Seeking Alpha</em></p>
<div class="lb-trans"><p><em>QQQI vs JEPQ vs QQQ | 来源：Seeking Alpha</em></p>
</div><p>QQQI’s performance is primarily because of its approach, which focuses on a data-driven options approach to target high monthly income. This makes it more volatile but has a higher upside potential. JEPQ, on the other hand, is usually more stable and less volatile.</p>
<div class="lb-trans"><p>QQQI 的表现主要得益于其方法，专注于数据驱动的期权策略，以实现高月收入。这使得其波动性更大，但潜在收益更高。另一方面，JEPQ 通常更稳定，波动性较小。</p>
</div><p>To be clear: while the QQQI ETF is better than JEPQ, it is worth noting that investing in QQQ offers a better return. As the chart above shows, the straightforward Nasdaq 100 ETF has a better performance. Its total return was 20%, a trend that has been going on in years.</p>
<div class="lb-trans"><p>需要明确的是：虽然 QQQI ETF 优于 JEPQ，但值得注意的是，投资 QQQ 提供了更好的回报。正如上面的图表所示，简单的纳斯达克 100 ETF 表现更佳，其总回报为 20%，这一趋势已经持续多年。</p>
</div><p>The post Love the blue-chip JEPQ ETF? QQQI might be a good alternative appeared first on Invezz</p>
<div class="lb-trans"><p>这篇文章最初发表于 Invezz，标题为 “喜欢蓝筹 JEPQ ETF？QQQI 可能是一个不错的替代选择”</p>
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喜欢蓝筹股 JEPQ ETF 吗？QQQI 可能是一个不错的替代选择