JEPQ vs. ARDC
Compare and contrast key facts about JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Ares Dynamic Credit Allocation Fund, Inc. (ARDC).
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: JEPQ or ARDC.
Performance
JEPQ vs. ARDC - Performance Comparison
Returns By Period
In the year-to-date period, JEPQ achieves a 21.12% return, which is significantly higher than ARDC's 18.47% return.
JEPQ
21.12%
2.20%
8.43%
25.64%
N/A
N/A
ARDC
18.47%
-0.61%
7.91%
30.61%
9.95%
8.38%
Key characteristics
| JEPQ | ARDC | |
|---|---|---|
| Sharpe Ratio | 2.10 | 2.58 |
| Sortino Ratio | 2.76 | 3.59 |
| Omega Ratio | 1.43 | 1.49 |
| Calmar Ratio | 2.41 | 4.26 |
| Martin Ratio | 10.42 | 21.20 |
| Ulcer Index | 2.48% | 1.39% |
| Daily Std Dev | 12.31% | 11.44% |
| Max Drawdown | -16.82% | -45.40% |
| Current Drawdown | -1.84% | -1.71% |
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Correlation
The correlation between JEPQ and ARDC is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
JEPQ vs. ARDC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Ares Dynamic Credit Allocation Fund, Inc. (ARDC). 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
JEPQ vs. ARDC - Dividend Comparison
JEPQ's dividend yield for the trailing twelve months is around 9.52%, more than ARDC's 8.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.52% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 8.64% | 9.90% | 10.36% | 7.20% | 8.44% | 8.44% | 9.39% | 7.60% | 8.47% | 10.51% | 8.87% | 7.81% |
Drawdowns
JEPQ vs. ARDC - Drawdown Comparison
The maximum JEPQ drawdown since its inception was -16.82%, smaller than the maximum ARDC drawdown of -45.40%. Use the drawdown chart below to compare losses from any high point for JEPQ and ARDC. For additional features, visit the drawdowns tool.
Volatility
JEPQ vs. ARDC - Volatility Comparison
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a higher volatility of 3.82% compared to Ares Dynamic Credit Allocation Fund, Inc. (ARDC) at 2.54%. This indicates that JEPQ's price experiences larger fluctuations and is considered to be riskier than ARDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.