BMAR vs. JEPQ
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - March (BMAR) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
BMAR and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BMAR is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index March Series. It was launched on Mar 2, 2020. 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: BMAR or JEPQ.
Key characteristics
| BMAR | JEPQ | |
|---|---|---|
| YTD Return | 16.47% | 23.36% |
| 1Y Return | 23.88% | 29.05% |
| Sharpe Ratio | 3.10 | 2.38 |
| Sortino Ratio | 4.28 | 3.11 |
| Omega Ratio | 1.65 | 1.49 |
| Calmar Ratio | 4.34 | 2.71 |
| Martin Ratio | 20.64 | 11.74 |
| Ulcer Index | 1.15% | 2.48% |
| Daily Std Dev | 7.68% | 12.20% |
| Max Drawdown | -21.43% | -16.82% |
| Current Drawdown | -0.05% | 0.00% |
Correlation
The correlation between BMAR 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.
Performance
BMAR vs. JEPQ - Performance Comparison
In the year-to-date period, BMAR achieves a 16.47% return, which is significantly lower 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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BMAR vs. JEPQ - Expense Ratio Comparison
BMAR has a 0.79% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
BMAR vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - March (BMAR) 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
BMAR vs. JEPQ - Dividend Comparison
BMAR has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 9.35%.
| TTM | 2023 | 2022 | |
|---|---|---|---|
BMAR Innovator U.S. Equity Buffer ETF - March | 0.00% | 0.00% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.35% | 10.02% | 9.44% |
Drawdowns
BMAR vs. JEPQ - Drawdown Comparison
The maximum BMAR drawdown since its inception was -21.43%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for BMAR and JEPQ. For additional features, visit the drawdowns tool.
Volatility
BMAR vs. JEPQ - Volatility Comparison
The current volatility for Innovator U.S. Equity Buffer ETF - March (BMAR) is 2.20%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 3.39%. This indicates that BMAR 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.