BALI vs. JEPQ
Compare and contrast key facts about Blackrock Advantage Large Cap Income ETF (BALI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
BALI and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BALI is an actively managed fund by BlackRock. It was launched on Sep 26, 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: BALI or JEPQ.
Performance
BALI vs. JEPQ - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with BALI having a 22.94% return and JEPQ slightly lower at 21.86%.
BALI
22.94%
0.94%
10.72%
28.54%
N/A
N/A
JEPQ
21.86%
2.15%
8.87%
26.31%
N/A
N/A
Key characteristics
| BALI | JEPQ | |
|---|---|---|
| Sharpe Ratio | 2.82 | 2.14 |
| Sortino Ratio | 3.76 | 2.81 |
| Omega Ratio | 1.53 | 1.44 |
| Calmar Ratio | 3.70 | 2.47 |
| Martin Ratio | 16.96 | 10.65 |
| Ulcer Index | 1.69% | 2.48% |
| Daily Std Dev | 10.16% | 12.34% |
| Max Drawdown | -7.74% | -16.82% |
| Current Drawdown | -1.72% | -1.24% |
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BALI vs. JEPQ - Expense Ratio Comparison
Both BALI and JEPQ have an expense ratio of 0.35%.
Correlation
The correlation between BALI and JEPQ is 0.88, 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.
Risk-Adjusted Performance
BALI vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Advantage Large Cap Income ETF (BALI) 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
BALI vs. JEPQ - Dividend Comparison
BALI's dividend yield for the trailing twelve months is around 6.78%, less than JEPQ's 9.46% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
BALI Blackrock Advantage Large Cap Income ETF | 6.78% | 2.13% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.46% | 10.02% | 9.44% |
Drawdowns
BALI vs. JEPQ - Drawdown Comparison
The maximum BALI drawdown since its inception was -7.74%, smaller than the maximum JEPQ drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for BALI and JEPQ. For additional features, visit the drawdowns tool.
Volatility
BALI vs. JEPQ - Volatility Comparison
Blackrock Advantage Large Cap Income ETF (BALI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) have volatilities of 3.81% and 3.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.