PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

JPMorgan Nasdaq Equity Premium Income Active ETF (JEPQ.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

The JPMorgan Nasdaq Equity Premium Income Active ETF seeks to provide current income with a secondary objective of capital appreciation by investing in equity securities included in the NASDAQ-100 Index and employing an options overlay strategy to generate distributable monthly income.

Looking to diversify beyond JEPQ.TO? The ETFs below have the lowest correlation with JEPQ.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from JEPQ.TO.

Best Diversifiers for JEPQ.TO

12 ETFs have low correlation with JEPQ.TO (below 0.3), 6 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...-0.21——
75
Derivative IncomeJEPQ.TO vs UTES.TO
ZWU.TO
BMO Covered Call Utilities ETF-0.17-0.07-0.07
58
Utilities Equities, Derivative IncomeJEPQ.TO vs ZWU.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...-0.15——
85
Derivative Income, Energy EquitiesJEPQ.TO vs ENCC.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...-0.14——
85
Oil & Gas, Derivative IncomeJEPQ.TO vs ENCL.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF-0.04——
58
Derivative Income, Utilities EquitiesJEPQ.TO vs UMAX.TO
See all 64 diversifiers for JEPQ.TO

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from JEPQ.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JEPQ.TO and solid risk/return profiles. The least correlated is CT Real Estate Investment Trust (CRT-UN.TO) (Real Estate) with a 1Y correlation of 0.10, roughly unchanged from 0.12 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CRT-UN.TO
CT Real Estate Investment Trust0.100.120.12
78
Real Estate

Rows per page

1–1 of 1

Diversification Analysis

Build a portfolio that complements JEPQ.TO

Add JEPQ.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with JEPQ.TO