BMAY vs. JEPQ
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - May (BMAY) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
BMAY and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BMAY is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index May Series. It was launched on May 1, 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: BMAY or JEPQ.
Performance
BMAY vs. JEPQ - Performance Comparison
Returns By Period
In the year-to-date period, BMAY achieves a 18.77% return, which is significantly lower than JEPQ's 22.99% return.
BMAY
18.77%
1.00%
8.63%
23.10%
N/A
N/A
JEPQ
22.99%
2.81%
9.92%
26.76%
N/A
N/A
Key characteristics
| BMAY | JEPQ | |
|---|---|---|
| Sharpe Ratio | 3.55 | 2.20 |
| Sortino Ratio | 4.93 | 2.88 |
| Omega Ratio | 1.80 | 1.45 |
| Calmar Ratio | 4.56 | 2.53 |
| Martin Ratio | 28.29 | 10.94 |
| Ulcer Index | 0.83% | 2.48% |
| Daily Std Dev | 6.63% | 12.33% |
| Max Drawdown | -17.66% | -16.82% |
| Current Drawdown | -0.17% | -0.32% |
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BMAY vs. JEPQ - Expense Ratio Comparison
BMAY has a 0.79% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Correlation
The correlation between BMAY and JEPQ is 0.90, 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
BMAY vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - May (BMAY) 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
BMAY vs. JEPQ - Dividend Comparison
BMAY has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 9.38%.
| TTM | 2023 | 2022 | |
|---|---|---|---|
BMAY Innovator U.S. Equity Buffer ETF - May | 0.00% | 0.00% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.38% | 10.02% | 9.44% |
Drawdowns
BMAY vs. JEPQ - Drawdown Comparison
The maximum BMAY drawdown since its inception was -17.66%, roughly equal to the maximum JEPQ drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for BMAY and JEPQ. For additional features, visit the drawdowns tool.
Volatility
BMAY vs. JEPQ - Volatility Comparison
The current volatility for Innovator U.S. Equity Buffer ETF - May (BMAY) is 1.71%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 3.71%. This indicates that BMAY 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.