BAUG vs. JEPQ
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - August (BAUG) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
BAUG and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BAUG is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index August. It was launched on Aug 1, 2019. 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: BAUG or JEPQ.
Performance
BAUG vs. JEPQ - Performance Comparison
Returns By Period
In the year-to-date period, BAUG achieves a 21.78% return, which is significantly lower than JEPQ's 23.21% return.
BAUG
21.78%
2.03%
10.79%
26.44%
11.07%
N/A
JEPQ
23.21%
3.95%
9.78%
26.98%
N/A
N/A
Key characteristics
| BAUG | JEPQ | |
|---|---|---|
| Sharpe Ratio | 3.09 | 2.19 |
| Sortino Ratio | 4.33 | 2.86 |
| Omega Ratio | 1.61 | 1.45 |
| Calmar Ratio | 6.46 | 2.52 |
| Martin Ratio | 26.08 | 10.87 |
| Ulcer Index | 1.01% | 2.48% |
| Daily Std Dev | 8.55% | 12.33% |
| Max Drawdown | -24.19% | -16.82% |
| Current Drawdown | -0.11% | -0.14% |
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BAUG vs. JEPQ - Expense Ratio Comparison
BAUG has a 0.79% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Correlation
The correlation between BAUG and JEPQ is 0.91, 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
BAUG vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - August (BAUG) 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
BAUG vs. JEPQ - Dividend Comparison
BAUG has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 9.36%.
| TTM | 2023 | 2022 | |
|---|---|---|---|
BAUG Innovator U.S. Equity Buffer ETF - August | 0.00% | 0.00% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.36% | 10.02% | 9.44% |
Drawdowns
BAUG vs. JEPQ - Drawdown Comparison
The maximum BAUG drawdown since its inception was -24.19%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for BAUG and JEPQ. For additional features, visit the drawdowns tool.
Volatility
BAUG vs. JEPQ - Volatility Comparison
The current volatility for Innovator U.S. Equity Buffer ETF - August (BAUG) is 2.42%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 3.69%. This indicates that BAUG 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.