AMZY vs. JEPQ
Compare and contrast key facts about YieldMax AMZN Option Income Strategy ETF (AMZY) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
AMZY and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMZY is an actively managed fund by YieldMax. It was launched on Jul 24, 2023. JEPQ is an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMZY or JEPQ.
Key characteristics
| AMZY | JEPQ | |
|---|---|---|
| YTD Return | 33.07% | 23.36% |
| 1Y Return | 41.29% | 29.05% |
| Sharpe Ratio | 1.87 | 2.38 |
| Sortino Ratio | 2.55 | 3.11 |
| Omega Ratio | 1.35 | 1.49 |
| Calmar Ratio | 2.52 | 2.71 |
| Martin Ratio | 8.25 | 11.74 |
| Ulcer Index | 5.02% | 2.48% |
| Daily Std Dev | 22.12% | 12.20% |
| Max Drawdown | -16.41% | -16.82% |
| Current Drawdown | -0.34% | 0.00% |
Correlation
The correlation between AMZY and JEPQ is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AMZY vs. JEPQ - Performance Comparison
In the year-to-date period, AMZY achieves a 33.07% return, which is significantly higher than JEPQ's 23.36% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AMZY vs. JEPQ - Expense Ratio Comparison
AMZY has a 0.99% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
AMZY vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax AMZN Option Income Strategy ETF (AMZY) 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.
Dividends
AMZY vs. JEPQ - Dividend Comparison
AMZY's dividend yield for the trailing twelve months is around 36.23%, more than JEPQ's 9.35% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
AMZY YieldMax AMZN Option Income Strategy ETF | 36.23% | 9.90% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.35% | 10.02% | 9.44% |
Drawdowns
AMZY vs. JEPQ - Drawdown Comparison
The maximum AMZY drawdown since its inception was -16.41%, roughly equal to the maximum JEPQ drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for AMZY and JEPQ. For additional features, visit the drawdowns tool.
Volatility
AMZY vs. JEPQ - Volatility Comparison
YieldMax AMZN Option Income Strategy ETF (AMZY) has a higher volatility of 7.73% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.39%. This indicates that AMZY'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.