JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)
JPMorgan Equity Premium Income ETF (JEPQ) is an actively managed exchange-traded fund (ETF). It is designed to provide investors with a diversified portfolio of equity securities with the potential for high income and capital appreciation. The ETF is managed by a team of investment professionals at JPMorgan Asset Management, who use a bottom-up, fundamental analysis approach to identify companies with solid cash flow and dividend growth potential.
The ETF invests in a diversified portfolio of equity securities of companies that are publicly traded in the U.S. and other developed markets. The fund's portfolio is diversified across sectors, market capitalizations, and geographies and is rebalanced periodically to ensure that it remains aligned with its investment objective.
JEPQ was launched on May 3, 2022, with an expense ratio of 0.35%.
ETF Info
| ISIN | US46654Q2030 |
|---|---|
| CUSIP | 46654Q203 |
| Issuer | JPMorgan Chase |
| Inception Date | May 3, 2022 |
| Region | North America (U.S.) |
| Category | Actively Managed, Large Cap Growth Equities, Dividend |
| Index Tracked | No Index (Active) |
| ETF Home Page | am.jpmorgan.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
The JPMorgan Nasdaq Equity Premium Income ETF has a high expense ratio of 0.35%, indicating higher-than-average management fees.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in JPMorgan Nasdaq Equity Premium Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Return
JPMorgan Nasdaq Equity Premium Income ETF had a return of 20.91% year-to-date (YTD) and 9.35% in the last 12 months. Over the past 10 years, JPMorgan Nasdaq Equity Premium Income ETF had an annualized return of 5.02%, while the S&P 500 had an annualized return of -2.08%, indicating that JPMorgan Nasdaq Equity Premium Income ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 4.54% | 0.86% |
| Year-To-Date | 20.91% | 9.53% |
| 6 months | 15.01% | 4.45% |
| 1 year | 9.35% | 1.14% |
| 5 years (annualized) | 5.02% | -2.08% |
| 10 years (annualized) | 5.02% | -2.08% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 6.25% | -0.74% | 6.96% | 2.54% | ||||||||
| 2022 | 4.48% | 5.14% | -6.09% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and S&P 500 (^GSPC). 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 | Ulcer Index | |
|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 0.73 | ||||
^GSPC S&P 500 | 0.27 |
Dividend History
JPMorgan Nasdaq Equity Premium Income ETF granted a 11.96% dividend yield in the last twelve months. The annual payout for that period amounted to $5.66 per share.
| Period | TTM | 2022 |
|---|---|---|
| Dividend | $5.66 | $3.85 |
Dividend yield | 11.96% | 9.84% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan Nasdaq Equity Premium Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.44 | $0.43 | $0.45 | ||||||||
| 2022 | $0.38 | $0.34 | $0.41 | $0.55 | $0.38 | $0.68 | $1.12 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the JPMorgan Nasdaq Equity Premium Income ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the JPMorgan Nasdaq Equity Premium Income ETF is 16.82%, recorded on Oct 14, 2022. It took 133 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.82% | May 5, 2022 | 113 | Oct 14, 2022 | 133 | Apr 27, 2023 | 246 |
| -1.21% | May 2, 2023 | 3 | May 4, 2023 | 1 | May 5, 2023 | 4 |
| -0.79% | May 19, 2023 | 4 | May 24, 2023 | 1 | May 25, 2023 | 5 |
| -0.39% | May 9, 2023 | 1 | May 9, 2023 | 1 | May 10, 2023 | 2 |
| -0.17% | May 12, 2023 | 1 | May 12, 2023 | 1 | May 15, 2023 | 2 |
Volatility Chart
The current JPMorgan Nasdaq Equity Premium Income ETF volatility is 2.67%, 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.