ADX vs. JEPQ

Last updated Jun 13, 2026

ADX (Adams Diversified Equity Fund, Inc.) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both funds - ADX is a Large Cap Blend Equities fund actively managed by Adams Funds, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. ADX is actively managed, while JEPQ is passively managed. Over the past 3 years, ADX returned 27.45%/yr vs 19.91%/yr for JEPQ. Their correlation of 0.84 suggests significant overlap in exposure. ADX charges 0.59%/yr vs 0.35%/yr for JEPQ.

Performance

ADX vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adams Diversified Equity Fund, Inc. (ADX) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADX achieves a 10.79% return, which is significantly higher than JEPQ's 7.85% return.

ADX

• 1D: 0.32%
• 1M: -0.48%
• YTD: 10.79%
• 6M: 14.67%
• 1Y: 29.09%
• 3Y*: 27.45%
• 5Y*: 16.57%
• 10Y*: 18.15%

JEPQ

• 1D: 0.62%
• 1M: 0.88%
• YTD: 7.85%
• 6M: 8.80%
• 1Y: 25.53%
• 3Y*: 19.91%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADX vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ADX Adams Diversified Equity Fund, Inc.	10.79%	26.03%	28.31%	31.49%	-8.31%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.85%	15.18%	24.85%	36.28%	-11.16%

Correlation

The correlation between ADX and JEPQ is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.84

The correlation between ADX and JEPQ has been stable across timeframes, ranging from 0.74 to 0.84 - a consistent structural relationship.

Return for Risk

ADX vs. JEPQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADX

ADX Risk / Return Rank: 77
ADX Sharpe Ratio Rank: 76
ADX Sortino Ratio Rank: 76
ADX Omega Ratio Rank: 68
ADX Calmar Ratio Rank: 77
ADX Martin Ratio Rank: 90

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 73
JEPQ Sortino Ratio Rank: 69
JEPQ Omega Ratio Rank: 79
JEPQ Calmar Ratio Rank: 66
JEPQ Martin Ratio Rank: 81

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.

ADX vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adams Diversified Equity Fund, Inc. (ADX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ADX	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	2.07	2.03	+0.03
Sortino ratio: Return per unit of downside risk	2.94	2.69	+0.25
Omega ratio: Gain probability vs. loss probability	1.36	1.40	-0.05
Calmar ratio: Return relative to maximum drawdown	2.88	2.91	-0.03
Martin ratio: Return relative to average drawdown	14.72	13.84	+0.88

ADX vs. JEPQ - Sharpe Ratio Comparison

The current ADX Sharpe Ratio is 2.07, which is comparable to the JEPQ Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of ADX 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.

Drawdowns

ADX vs. JEPQ - Drawdown Comparison

The maximum ADX drawdown since its inception was -71.60%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for ADX and JEPQ.

Drawdown Indicators

	ADX	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-71.60%	-20.07%	-51.53%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	-8.82%	-1.34%
Max Drawdown (3Y) Largest decline over 3 years	-18.29%	-20.07%	+1.78%
Max Drawdown (5Y) Largest decline over 5 years	-25.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.17%	—	—
Current Drawdown Current decline from peak	-3.08%	-1.64%	-1.44%
Average Drawdown Average peak-to-trough decline	-22.12%	-3.41%	-18.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	1.85%	+0.13%

Volatility

ADX vs. JEPQ - Volatility Comparison

The current volatility for Adams Diversified Equity Fund, Inc. (ADX) is 4.43%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 4.98%. This indicates that ADX 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.

Volatility by Period

	ADX	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	4.98%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	11.00%	10.22%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	14.14%	12.61%	+1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.34%	16.73%	+0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.04%	16.73%	+1.31%

ADX vs. JEPQ - Expense Ratio Comparison

ADX has a 0.59% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

ADX vs. JEPQ - Dividend Comparison

ADX's dividend yield for the trailing twelve months is around 7.53%, less than JEPQ's 10.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADX Adams Diversified Equity Fund, Inc.	7.53%	7.93%	12.38%	7.34%	7.36%	15.35%	6.54%	9.00%	15.85%	9.18%	7.79%	7.17%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.22%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ADX and JEPQ in my portfolio?

ADX and JEPQ have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADX or JEPQ?

JEPQ has higher volatility (4.98%) compared to ADX (4.43%). In terms of maximum drawdown, ADX dropped -71.60% vs JEPQ's -20.07%.

Which has better risk-adjusted returns?

ADX currently has the higher Sharpe Ratio (2.07 vs 2.03), 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.