AIPI vs. JEPQ

Last updated Jun 3, 2026

AIPI (REX AI Equity Premium Income ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - AIPI is a Derivative Income fund actively managed by REX, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. AIPI is actively managed, while JEPQ is passively managed. Over the past year, AIPI returned 32.04% vs 29.60% for JEPQ. Their correlation of 0.85 suggests significant overlap in exposure. AIPI charges 0.65%/yr vs 0.35%/yr for JEPQ.

Performance

AIPI vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX AI Equity Premium Income ETF (AIPI) 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, AIPI achieves a 11.58% return, which is significantly higher than JEPQ's 9.65% return.

AIPI

• 1D: 0.15%
• 1M: 10.17%
• YTD: 11.58%
• 6M: 11.05%
• 1Y: 32.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: 0.26%
• 1M: 4.36%
• YTD: 9.65%
• 6M: 10.05%
• 1Y: 29.60%
• 3Y*: 20.96%
• 5Y*: —
• 10Y*: —

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

AIPI vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AIPI REX AI Equity Premium Income ETF	11.58%	16.38%	15.36%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.65%	15.18%	11.36%

Correlation

The correlation between AIPI and JEPQ is 0.77, 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	0.77
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024	0.85

The correlation between AIPI and JEPQ has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.

AIPI vs. JEPQ - Sectors Allocation Comparison

Sectors	AIPI	JEPQ
Technology	90.9%	54.0%
Communication Services	5.9%	15.4%
Consumer Cyclical	3.2%	12.8%
Basic Materials	-	1.0%
Consumer Defensive	-	7.1%
Energy	-	0.4%
Financial Services	-	0.4%
Healthcare	-	4.4%
Industrials	-	3.1%
Real Estate	-	0.2%
Utilities	-	1.3%

Return for Risk

AIPI vs. JEPQ — Risk / Return Rank

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

AIPI

AIPI Risk / Return Rank: 52
AIPI Sharpe Ratio Rank: 59
AIPI Sortino Ratio Rank: 54
AIPI Omega Ratio Rank: 59
AIPI Calmar Ratio Rank: 46
AIPI Martin Ratio Rank: 44

JEPQ

JEPQ Risk / Return Rank: 77
JEPQ Sharpe Ratio Rank: 77
JEPQ Sortino Ratio Rank: 73
JEPQ Omega Ratio Rank: 82
JEPQ Calmar Ratio Rank: 68
JEPQ Martin Ratio Rank: 83

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.

AIPI vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX AI Equity Premium Income ETF (AIPI) 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.

	AIPI	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	2.02	2.54	-0.51
Sortino ratio Return per unit of downside risk	2.62	3.35	-0.73
Omega ratio Gain probability vs. loss probability	1.37	1.50	-0.14
Calmar ratio Return relative to maximum drawdown	2.32	3.42	-1.10
Martin ratio Return relative to average drawdown	7.22	16.82	-9.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIPI vs. JEPQ - Sharpe Ratio Comparison

The current AIPI Sharpe Ratio is 2.02, which is comparable to the JEPQ Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of AIPI 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.

Sharpe Ratios by Period

	AIPI	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	2.54	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	1.06	1.01	+0.05

Drawdowns

AIPI vs. JEPQ - Drawdown Comparison

The maximum AIPI drawdown since its inception was -25.25%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for AIPI and JEPQ.

Drawdown Indicators

	AIPI	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-25.25%	-20.07%	-5.18%
Max Drawdown (1Y) Largest decline over 1 year	-14.40%	-8.82%	-5.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.07%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.67%	-3.42%	-1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.63%	1.79%	+2.84%

Volatility

AIPI vs. JEPQ - Volatility Comparison

REX AI Equity Premium Income ETF (AIPI) has a higher volatility of 2.59% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.25%. This indicates that AIPI's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIPI	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	1.25%	+1.34%
Volatility (6M) Calculated over the trailing 6-month period	12.93%	9.07%	+3.86%
Volatility (1Y) Calculated over the trailing 1-year period	15.94%	11.73%	+4.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.40%	16.62%	+4.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.40%	16.62%	+4.78%

AIPI vs. JEPQ - Expense Ratio Comparison

AIPI has a 0.65% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

AIPI vs. JEPQ - Dividend Comparison

AIPI's dividend yield for the trailing twelve months is around 33.63%, more than JEPQ's 10.06% yield.

Position	TTM	2025	2024	2023	2022
AIPI REX AI Equity Premium Income ETF	33.63%	37.84%	18.13%	0.00%	0.00%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.06%	10.53%	9.65%	10.03%	9.44%

Frequently Asked Questions

Can I hold both AIPI and JEPQ in my portfolio?

AIPI and JEPQ have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIPI or JEPQ?

AIPI has higher volatility (2.59%) compared to JEPQ (1.25%). In terms of maximum drawdown, AIPI dropped -25.25% vs JEPQ's -20.07%.

Which ETF is better, AIPI or JEPQ?

On 1-year performance, AIPI leads with 32.04% vs 29.60% for JEPQ. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JEPQ has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIPI or JEPQ?

Over the 1-year period, AIPI has performed better with a 32.04% return vs 29.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIPI or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.65% for AIPI.

Which ETF pays a higher dividend yield, AIPI or JEPQ?

AIPI has the higher dividend yield at 33.63%, compared with 10.06% for JEPQ.

What is the main difference between AIPI and JEPQ?

AIPI is categorized as Derivative Income, while JEPQ is Nasdaq-100. They also come from different issuers: REX and JPMorgan. Their fees differ too: 0.65% for AIPI and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.54 vs 2.02), 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.