JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) Calculator

Calculate net profit, break-even price, and average down cost for JEPQ

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Net Profit Calculator

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How to Calculate JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) Investment Returns

JEPQ applies covered call strategy to Nasdaq-100 stocks. Track your JEPQ position and dividends.

JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) — Dividend Investment Tracking

JPMorgan Nasdaq Equity Premium Income ETF is popular among income-focused investors. Tracking your cost basis accurately is essential for calculating your true yield and tax efficiency.

Why Dividend Investors Need Position Calculators

  • DRIP (Dividend Reinvestment Plan): Each reinvested dividend creates a new buy lot at a different price, changing your average cost
  • Ex-Dividend Date Impact: Stock price typically drops by the dividend amount on the ex-date — your average cost gets diluted
  • Yield on Cost: Your true yield depends on your average purchase price, not the current market price
  • Tax-Lot Optimization: Knowing your exact cost basis per lot helps minimize capital gains taxes when selling

Understanding High-Yield ETF Returns

Some income ETFs like YieldMax products offer annual yields above 50%, but this often comes from option premium and return of capital — not pure profit. Tracking your total return (price change + dividends received) versus just the yield percentage gives a much clearer picture. Our calculator helps you compute the break-even price factoring in all dividends received.

Why Use BasisPoint for JEPQ?

  • Instant Calculations: See your net profit, break-even price, and ROI in real time.
  • Tax Presets: Auto-apply capital gains tax rates for US, Korea, Japan, UK, Spain, and more.
  • Average Down Tracking: Add multiple buy positions to see your true average cost.
  • Privacy-First: All calculations run locally in your browser. No data is ever sent to any server.
  • Share Results: Export your calculation as a shareable image with one click.

Frequently Asked Questions — JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)

How do I calculate my true JEPQ yield?▼
Your "yield on cost" for JEPQ = (Annual Dividend Per Share ÷ Your Average Buy Price) × 100. This is different from the advertised yield, which uses the current market price. If you bought JEPQ at $47 and it's now $55, your yield on cost is higher than the current stated yield. Use our calculator to track your exact average buy price across all purchases and DRIP reinvestments.
How do DRIP reinvestments affect my JEPQ average cost?▼
Each dividend reinvestment creates a new "buy lot" at a different price, gradually changing your average cost. Over months and years, these micro-purchases add up. For example, if JEPQ pays monthly dividends and you reinvest each one, you'll have 12+ additional buy lots per year. Our Average Down calculator lets you add all these positions to see your true weighted average cost.
How reliable are JEPQ dividends?▼
JPMorgan Nasdaq Equity Premium Income ETF's dividend reliability depends on its underlying business model and payout ratio. A payout ratio below 80% generally indicates sustainability. However, dividend cuts can happen, especially during recessions. Track your cost basis to know your yield on cost and make informed decisions about whether to hold for income or rebalance.
What is the tax treatment of JEPQ dividends?▼
JEPQ dividends are typically taxed as "qualified dividends" (15%–20% for US investors) if held for 60+ days. Non-US investors face a 30% US withholding tax on dividends (reduced to 15% via tax treaty for many countries). Korean investors should note that overseas dividends are subject to both US withholding and Korean income tax, with a foreign tax credit available.
When does JEPQ's ex-dividend date affect my calculations?▼
On the ex-dividend date, JEPQ's price typically drops by approximately the dividend amount. If you buy before the ex-date, you receive the dividend but buy at a higher price. If you buy on/after the ex-date, you get a lower price but no dividend that period. Either way affects your average cost calculation — our calculator helps you track the net effect on your position's break-even point.
Should I reinvest JEPQ dividends or take cash?▼
Reinvesting (DRIP) compounds your JEPQ position over time, but lowers your average cost tracking complexity. Taking cash provides income but doesn't grow your share count. At a price of ~$55, reinvesting dividends gradually increases your position. Over 5–10 years, DRIP can significantly boost your total share count and income stream.