Equity income
Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Equity income, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly
The earliest data available for this chart is May 4, 2022, corresponding to the inception date of JEPQ
Returns By Period
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 22.29% | 1.65% | 15.83% | 39.98% | 13.99% | 11.23% |
| Equity income | 2.35% | -1.72% | 1.84% | 20.65% | N/A | N/A |
| Portfolio components: | ||||||
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 20.41% | 2.84% | 13.04% | 34.37% | N/A | N/A |
QYLD Global X NASDAQ 100 Covered Call ETF | 16.28% | 2.41% | 11.25% | 24.24% | 7.46% | 8.31% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 21.19% | 2.11% | 14.41% | 35.72% | 7.86% | 8.50% |
ET Energy Transfer LP | 26.28% | 1.93% | 8.34% | 32.52% | 15.68% | 2.22% |
SLRC SLR Investment Corp. | 10.91% | 3.49% | 5.70% | 21.13% | 4.32% | 7.57% |
LNC Lincoln National Corporation | 28.95% | 5.79% | 23.70% | 62.29% | -6.03% | -1.78% |
GPMT Granite Point Mortgage Trust Inc. | -47.05% | -6.04% | -28.94% | -21.56% | -23.48% | N/A |
OBDC Blue Owl Capital Corporation | 11.25% | 3.08% | 0.29% | 27.50% | 8.47% | N/A |
BXMT Blackstone Mortgage Trust, Inc. | -4.68% | -2.94% | 11.38% | 5.22% | -3.29% | 5.04% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 18.59% | -0.86% | 17.02% | 41.55% | 8.35% | N/A |
STLA Stellantis N.V. | -38.88% | -16.94% | -40.18% | -20.82% | 5.22% | 11.79% |
PBR Petróleo Brasileiro S.A. - Petrobras | -3.67% | -6.58% | -11.65% | 5.46% | 19.75% | 13.31% |
MORT VanEck Vectors Mortgage REIT Income ETF | 2.62% | -4.14% | 10.33% | 29.89% | -4.14% | 1.64% |
DX Dynex Capital, Inc. | 9.71% | -1.28% | 12.79% | 45.48% | 5.76% | 4.46% |
RC Ready Capital Corporation | -25.19% | -8.71% | -12.99% | -15.23% | -3.42% | 2.26% |
Monthly Returns
The table below presents the monthly returns of Equity income, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.73% | 1.21% | 4.17% | -3.98% | 1.65% | -0.74% | 1.50% | 0.21% | 0.27% | 2.35% | |||
| 2023 | 12.51% | -4.43% | -4.99% | 1.11% | -0.68% | 11.20% | 6.44% | -3.01% | -1.32% | -6.22% | 10.91% | 5.09% | 27.03% |
| 2022 | -1.98% | -10.27% | 10.45% | -2.28% | -14.96% | 11.74% | 2.04% | -8.33% | -15.63% |
Expense Ratio
Equity income has an expense ratio of 0.10%, which is considered low compared to other funds. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Equity income is 12, indicating that it is in the bottom 12% of portfolios on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 2.96 | 3.81 | 1.61 | 3.36 | 14.57 |
QYLD Global X NASDAQ 100 Covered Call ETF | 2.56 | 3.49 | 1.63 | 3.27 | 18.11 |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 2.91 | 4.10 | 1.56 | 1.82 | 19.35 |
ET Energy Transfer LP | 2.07 | 3.00 | 1.38 | 5.36 | 16.38 |
SLRC SLR Investment Corp. | 1.59 | 2.30 | 1.29 | 2.09 | 7.10 |
LNC Lincoln National Corporation | 1.82 | 2.40 | 1.32 | 0.99 | 9.51 |
GPMT Granite Point Mortgage Trust Inc. | -0.41 | -0.32 | 0.96 | -0.27 | -0.52 |
OBDC Blue Owl Capital Corporation | 2.26 | 3.16 | 1.41 | 2.25 | 5.75 |
BXMT Blackstone Mortgage Trust, Inc. | 0.23 | 0.50 | 1.07 | 0.21 | 0.56 |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 3.03 | 4.34 | 1.55 | 2.06 | 21.79 |
STLA Stellantis N.V. | -0.63 | -0.67 | 0.91 | -0.40 | -0.80 |
PBR Petróleo Brasileiro S.A. - Petrobras | 0.13 | 0.39 | 1.05 | 0.19 | 0.40 |
MORT VanEck Vectors Mortgage REIT Income ETF | 1.46 | 2.03 | 1.26 | 1.13 | 5.61 |
DX Dynex Capital, Inc. | 2.13 | 2.82 | 1.37 | 1.40 | 14.06 |
RC Ready Capital Corporation | -0.49 | -0.51 | 0.94 | -0.41 | -0.79 |
Dividends
Dividend yield
Equity income provided a 10.99% dividend yield over the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity income | 10.99% | 10.77% | 14.15% | 8.62% | 7.51% | 7.25% | 6.48% | 5.10% | 5.34% | 5.48% | 5.17% | 4.63% |
| Portfolio components: | ||||||||||||
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.35% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.42% | 11.78% | 13.26% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 8.43% | 9.24% | 10.57% | 7.94% | 8.66% | 8.89% | 9.86% | 8.65% | 8.96% | 8.69% | 9.46% | 9.49% |
ET Energy Transfer LP | 5.82% | 8.95% | 7.33% | 7.41% | 17.27% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% | 2.61% | 3.19% |
SLRC SLR Investment Corp. | 10.64% | 10.91% | 11.81% | 8.90% | 9.37% | 7.95% | 8.55% | 7.92% | 7.68% | 9.74% | 8.88% | 8.87% |
LNC Lincoln National Corporation | 5.49% | 6.67% | 5.86% | 2.46% | 3.18% | 2.51% | 2.57% | 1.51% | 1.51% | 1.59% | 1.11% | 0.93% |
GPMT Granite Point Mortgage Trust Inc. | 15.25% | 13.47% | 17.72% | 8.54% | 6.46% | 9.14% | 8.88% | 3.85% | 0.00% | 0.00% | 0.00% | 0.00% |
OBDC Blue Owl Capital Corporation | 11.40% | 10.57% | 10.83% | 8.49% | 12.32% | 3.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BXMT Blackstone Mortgage Trust, Inc. | 12.59% | 11.66% | 11.71% | 8.10% | 9.01% | 6.66% | 7.78% | 7.71% | 8.25% | 8.52% | 6.79% | 2.65% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.11% | 4.66% | 5.01% | 3.68% | 4.95% | 4.43% | 4.75% | 4.63% | 4.34% | 1.13% | 0.00% | 0.00% |
STLA Stellantis N.V. | 12.37% | 6.34% | 7.90% | 14.55% | 0.00% | 14.86% | 0.00% | 0.00% | 0.09% | 0.00% | 0.00% | 0.00% |
PBR Petróleo Brasileiro S.A. - Petrobras | 18.03% | 18.47% | 60.50% | 18.59% | 2.42% | 1.53% | 0.98% | 0.00% | 0.00% | 0.00% | 6.57% | 1.91% |
MORT VanEck Vectors Mortgage REIT Income ETF | 10.74% | 12.18% | 13.09% | 8.21% | 8.11% | 7.36% | 8.19% | 7.82% | 8.21% | 9.91% | 10.01% | 15.30% |
DX Dynex Capital, Inc. | 12.62% | 12.46% | 12.26% | 8.89% | 9.33% | 11.87% | 12.59% | 10.27% | 12.32% | 15.12% | 12.12% | 14.00% |
RC Ready Capital Corporation | 16.62% | 14.24% | 14.90% | 10.62% | 10.44% | 10.38% | 11.35% | 9.77% | 13.75% | 10.61% | 9.28% | 13.18% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Equity income. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Equity income was 19.55%, occurring on Sep 30, 2022. Recovery took 199 trading sessions.
The current Equity income drawdown is 3.90%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.55% | Aug 17, 2022 | 32 | Sep 30, 2022 | 199 | Jul 19, 2023 | 231 |
| -15.81% | May 5, 2022 | 30 | Jun 16, 2022 | 39 | Aug 12, 2022 | 69 |
| -11.94% | Jul 31, 2023 | 64 | Oct 27, 2023 | 24 | Dec 1, 2023 | 88 |
| -9.48% | Jul 17, 2024 | 14 | Aug 5, 2024 | — | — | — |
| -5.51% | Apr 1, 2024 | 12 | Apr 16, 2024 | 59 | Jul 11, 2024 | 71 |
Volatility
Volatility Chart
The current Equity income volatility is 2.94%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Asset Correlations Table
| PBR | ET | QYLD | STLA | OBDC | ETV | SLRC | GPMT | JEPQ | LNC | DX | RC | BXMT | SPYD | MORT | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PBR | 1.00 | 0.40 | 0.11 | 0.24 | 0.18 | 0.15 | 0.18 | 0.13 | 0.11 | 0.16 | 0.16 | 0.19 | 0.16 | 0.27 | 0.20 |
| ET | 0.40 | 1.00 | 0.31 | 0.40 | 0.41 | 0.40 | 0.40 | 0.34 | 0.33 | 0.44 | 0.35 | 0.40 | 0.39 | 0.54 | 0.45 |
| QYLD | 0.11 | 0.31 | 1.00 | 0.46 | 0.45 | 0.65 | 0.40 | 0.37 | 0.91 | 0.44 | 0.39 | 0.40 | 0.44 | 0.48 | 0.50 |
| STLA | 0.24 | 0.40 | 0.46 | 1.00 | 0.43 | 0.46 | 0.48 | 0.44 | 0.50 | 0.49 | 0.43 | 0.49 | 0.49 | 0.58 | 0.54 |
| OBDC | 0.18 | 0.41 | 0.45 | 0.43 | 1.00 | 0.44 | 0.60 | 0.44 | 0.46 | 0.50 | 0.48 | 0.50 | 0.52 | 0.56 | 0.59 |
| ETV | 0.15 | 0.40 | 0.65 | 0.46 | 0.44 | 1.00 | 0.44 | 0.40 | 0.70 | 0.50 | 0.42 | 0.47 | 0.47 | 0.53 | 0.53 |
| SLRC | 0.18 | 0.40 | 0.40 | 0.48 | 0.60 | 0.44 | 1.00 | 0.45 | 0.45 | 0.50 | 0.50 | 0.54 | 0.49 | 0.57 | 0.60 |
| GPMT | 0.13 | 0.34 | 0.37 | 0.44 | 0.44 | 0.40 | 0.45 | 1.00 | 0.39 | 0.51 | 0.59 | 0.64 | 0.66 | 0.60 | 0.71 |
| JEPQ | 0.11 | 0.33 | 0.91 | 0.50 | 0.46 | 0.70 | 0.45 | 0.39 | 1.00 | 0.47 | 0.42 | 0.44 | 0.48 | 0.52 | 0.55 |
| LNC | 0.16 | 0.44 | 0.44 | 0.49 | 0.50 | 0.50 | 0.50 | 0.51 | 0.47 | 1.00 | 0.46 | 0.56 | 0.58 | 0.72 | 0.63 |
| DX | 0.16 | 0.35 | 0.39 | 0.43 | 0.48 | 0.42 | 0.50 | 0.59 | 0.42 | 0.46 | 1.00 | 0.69 | 0.68 | 0.62 | 0.85 |
| RC | 0.19 | 0.40 | 0.40 | 0.49 | 0.50 | 0.47 | 0.54 | 0.64 | 0.44 | 0.56 | 0.69 | 1.00 | 0.76 | 0.69 | 0.85 |
| BXMT | 0.16 | 0.39 | 0.44 | 0.49 | 0.52 | 0.47 | 0.49 | 0.66 | 0.48 | 0.58 | 0.68 | 0.76 | 1.00 | 0.70 | 0.86 |
| SPYD | 0.27 | 0.54 | 0.48 | 0.58 | 0.56 | 0.53 | 0.57 | 0.60 | 0.52 | 0.72 | 0.62 | 0.69 | 0.70 | 1.00 | 0.79 |
| MORT | 0.20 | 0.45 | 0.50 | 0.54 | 0.59 | 0.53 | 0.60 | 0.71 | 0.55 | 0.63 | 0.85 | 0.85 | 0.86 | 0.79 | 1.00 |