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JULW vs. JEPQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JULW vs. JEPQ

Last updated Jun 5, 2026

JULW (AllianzIM U.S. Large Cap Buffer20 Jul ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - JULW is a Options Trading fund actively managed by Allianz, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. JULW is actively managed, while JEPQ is passively managed. Over the past 3 years, JULW returned 11.73%/yr vs 20.81%/yr for JEPQ. Their correlation of 0.85 suggests significant overlap in exposure. JULW charges 0.74%/yr vs 0.35%/yr for JEPQ.

Performance

JULW vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, JULW achieves a 3.89% return, which is significantly lower than JEPQ's 9.42% return.

JULW

1D
0.05%
1M
0.89%
YTD
3.89%
6M
4.58%
1Y
12.90%
3Y*
11.73%
5Y*
8.99%
10Y*
—

JEPQ

1D
-0.12%
1M
3.79%
YTD
9.42%
6M
9.57%
1Y
28.59%
3Y*
20.81%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

JULW vs. JEPQ - Yearly Performance Comparison

2026 (YTD)2025202420232022
JULW
AllianzIM U.S. Large Cap Buffer20 Jul ETF		3.89%11.57%12.39%16.06%0.24%
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		9.42%15.18%24.85%36.28%-12.89%

Correlation

The correlation between JULW and JEPQ is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.87

Correlation (3Y)
Calculated over the trailing 3-year period

0.85

Correlation (All Time)
Calculated using the full available price history since May 5, 2022

0.85

The correlation between JULW and JEPQ has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

JULW vs. JEPQ - Sectors Allocation Comparison

Sectors
JULW
JEPQ

Technology

36.2%
54.0%

Financial Services

11.9%
0.4%

Communication Services

10.9%
15.4%

Consumer Cyclical

10.1%
12.8%

Healthcare

8.4%
4.4%

Industrials

8.1%
3.1%

Consumer Defensive

4.9%
7.1%

Energy

3.5%
0.4%

Utilities

2.3%
1.3%

Real Estate

1.9%
0.2%

Basic Materials

1.8%
1.0%

Technology

JULW
36.2%
JEPQ
54.0%

Financial Services

JULW
11.9%
JEPQ
0.4%

Communication Services

JULW
10.9%
JEPQ
15.4%

Consumer Cyclical

JULW
10.1%
JEPQ
12.8%

Healthcare

JULW
8.4%
JEPQ
4.4%

Industrials

JULW
8.1%
JEPQ
3.1%

Consumer Defensive

JULW
4.9%
JEPQ
7.1%

Energy

JULW
3.5%
JEPQ
0.4%

Utilities

JULW
2.3%
JEPQ
1.3%

Real Estate

JULW
1.9%
JEPQ
0.2%

Basic Materials

JULW
1.8%
JEPQ
1.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

AllianzIM U.S. Large Cap Buffer20 Jul ETF

JPMorgan Nasdaq Equity Premium Income ETF

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Often compared with JEPQ:
JEPQ vs. JEPIJEPQ vs. QQQIJEPQ vs. QQQJEPQ vs. SCHDJEPQ vs. QYLDJEPQ vs. GPIQJEPQ vs. SPYI

Return for Risk

JULW vs. JEPQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JULW
JULW Risk / Return Rank: 8989
Overall Rank
JULW Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
JULW Sortino Ratio Rank: 9292
Sortino Ratio Rank
JULW Omega Ratio Rank: 9292
Omega Ratio Rank
JULW Calmar Ratio Rank: 8383
Calmar Ratio Rank
JULW Martin Ratio Rank: 9393
Martin Ratio Rank
JEPQ
JEPQ Risk / Return Rank: 7676
Overall Rank
JEPQ Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
JEPQ Sortino Ratio Rank: 7373
Sortino Ratio Rank
JEPQ Omega Ratio Rank: 8181
Omega Ratio Rank
JEPQ Calmar Ratio Rank: 6666
Calmar Ratio Rank
JEPQ Martin Ratio Rank: 8282
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JULW vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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.

JULWJEPQDifference
Sharpe ratioReturn per unit of total volatility
2.79
2.45

+0.34

Sortino ratioReturn per unit of downside risk
4.36
3.25

+1.11

Omega ratioGain probability vs. loss probability

1.61

1.48

+0.13

Calmar ratioReturn relative to maximum drawdown

4.37

3.26

+1.11

Martin ratioReturn relative to average drawdown

24.60

15.99

+8.61

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JULW vs. JEPQ - Sharpe Ratio Comparison

The current JULW Sharpe Ratio is 2.79, which is comparable to the JEPQ Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of JULW and JEPQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

JULWJEPQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.79

2.45

+0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.31

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.39

1.00

+0.39

Drawdowns

JULW vs. JEPQ - Drawdown Comparison

The maximum JULW drawdown since its inception was -9.49%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for JULW and JEPQ.

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Drawdown Indicators

JULWJEPQDifference

Max Drawdown

Largest peak-to-trough decline

-9.49%

-20.07%

+10.58%

Max Drawdown (1Y)

Largest decline over 1 year

-2.96%

-8.82%

+5.86%

Max Drawdown (3Y)

Largest decline over 3 years

-9.49%

-20.07%

+10.58%

Max Drawdown (5Y)

Largest decline over 5 years

-9.49%

—

—

Current Drawdown

Current decline from peak

0.00%

-0.21%

+0.21%

Average Drawdown

Average peak-to-trough decline

-0.91%

-3.42%

+2.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.53%

1.79%

-1.26%

Volatility

JULW vs. JEPQ - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW) is 0.27%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 1.28%. This indicates that JULW experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JULWJEPQDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.27%

1.28%

-1.01%

Volatility (6M)

Calculated over the trailing 6-month period

3.23%

9.06%

-5.83%

Volatility (1Y)

Calculated over the trailing 1-year period

4.65%

11.72%

-7.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.88%

16.60%

-9.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.54%

16.60%

-10.06%

JULW vs. JEPQ - Expense Ratio Comparison

JULW has a 0.74% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

JULW vs. JEPQ - Dividend Comparison

JULW has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 10.08%.

PositionTTM202520242023202220212020
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		10.08%10.53%9.65%10.03%9.44%0.00%0.00%
JULW
AllianzIM U.S. Large Cap Buffer20 Jul ETF		0.00%0.00%0.00%0.00%0.00%0.00%3.04%

Frequently Asked Questions

JULW and JEPQ have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

JEPQ has higher volatility (1.28%) compared to JULW (0.27%). In terms of maximum drawdown, JULW dropped -9.49% vs JEPQ's -20.07%.

On 3-year performance, JEPQ leads with 20.81% vs 11.73% for JULW. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JULW has been the lower-risk option at 0.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, JEPQ has performed better with a 20.81% return vs 11.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.74% for JULW.

JEPQ has the higher dividend yield at 10.08%, compared with 0.00% for JULW.

JULW is categorized as Options Trading, while JEPQ is Nasdaq-100. They also come from different issuers: Allianz and JPMorgan. Their fees differ too: 0.74% for JULW and 0.35% for JEPQ.

JULW currently has the higher Sharpe Ratio (2.79 vs 2.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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