ALTY vs. JEPQ
ALTY (Global X Alternative Income ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - ALTY is a Global Allocation fund tracking the Indxx SuperDividend Alternatives Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, ALTY returned 11.36%/yr vs 19.91%/yr for JEPQ. A 0.57 correlation means they provide meaningful diversification when combined. ALTY charges 0.50%/yr vs 0.35%/yr for JEPQ.
Performance
ALTY vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, ALTY achieves a 6.79% return, which is significantly lower than JEPQ's 7.85% return.
ALTY
- 1D
- 0.41%
- 1M
- 1.22%
- YTD
- 6.79%
- 6M
- 7.29%
- 1Y
- 15.76%
- 3Y*
- 11.36%
- 5Y*
- 5.27%
- 10Y*
- 6.21%
JEPQ
- 1D
- 0.62%
- 1M
- 1.08%
- YTD
- 7.85%
- 6M
- 8.80%
- 1Y
- 26.60%
- 3Y*
- 19.91%
- 5Y*
- —
- 10Y*
- —
ALTY vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 6.79% | 11.07% | 10.88% | 10.58% | -5.23% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 7.85% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between ALTY and JEPQ is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.57 |
The correlation between ALTY and JEPQ has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.
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Return for Risk
ALTY vs. JEPQ — Risk / Return Rank
ALTY
JEPQ
ALTY vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Alternative Income ETF (ALTY) 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.
| ALTY | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.40 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 2.91 | +0.66 |
| Martin ratioReturn relative to average drawdown | 16.46 | 13.84 | +2.62 |
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Drawdowns
ALTY vs. JEPQ - Drawdown Comparison
The maximum ALTY drawdown since its inception was -51.47%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for ALTY and JEPQ.
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Drawdown Indicators
| ALTY | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.47% | -20.07% | -31.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | -8.82% | +4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -10.08% | -20.07% | +9.99% |
Max Drawdown (5Y)Largest decline over 5 years | -18.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.47% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.64% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -6.73% | -3.41% | -3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.85% | -0.91% |
Volatility
ALTY vs. JEPQ - Volatility Comparison
The current volatility for Global X Alternative Income ETF (ALTY) is 1.61%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 4.98%. This indicates that ALTY 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
| ALTY | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 4.98% | -3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.43% | 10.22% | -5.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 12.61% | -6.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.61% | 16.73% | -6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 16.73% | -0.16% |
ALTY vs. JEPQ - Expense Ratio Comparison
ALTY has a 0.50% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Dividends
ALTY vs. JEPQ - Dividend Comparison
ALTY's dividend yield for the trailing twelve months is around 7.43%, less than JEPQ's 10.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 7.43% | 7.50% | 7.88% | 7.31% | 7.66% | 6.88% | 9.20% | 8.74% | 8.49% | 7.52% | 8.20% | 4.21% |
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
ALTY and JEPQ have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPQ has higher volatility (4.98%) compared to ALTY (1.61%). In terms of maximum drawdown, ALTY dropped -51.47% vs JEPQ's -20.07%.
On 3-year performance, JEPQ leads with 19.91% vs 11.36% for ALTY. On fees, JEPQ is cheaper at 0.35% per year. On volatility, ALTY has been the lower-risk option at 1.61%. 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 19.91% return vs 11.36%. 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 0.50% for ALTY.
JEPQ has the higher dividend yield at 10.22%, compared with 7.43% for ALTY.
ALTY is categorized as Global Allocation, while JEPQ is Nasdaq-100. ALTY tracks Indxx SuperDividend Alternatives Index, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: Global X and JPMorgan. Their fees differ too: 0.50% for ALTY and 0.35% for JEPQ.
ALTY currently has the higher Sharpe Ratio (2.66 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.
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