BOAT vs. JEPQ

Last updated Jun 24, 2026

BOAT (SonicShares Global Shipping ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - BOAT is a Transportation Equities fund tracking the Solactive Global Shipping Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, BOAT returned 28.90%/yr vs 19.79%/yr for JEPQ. At a 0.35 correlation, their price movements are largely independent. BOAT charges 0.69%/yr vs 0.35%/yr for JEPQ.

Performance

BOAT vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SonicShares Global Shipping ETF (BOAT) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOAT achieves a 33.67% return, which is significantly higher than JEPQ's 7.85% return.

BOAT

• 1D: 0.10%
• 1M: -0.62%
• YTD: 33.67%
• 6M: 34.50%
• 1Y: 49.12%
• 3Y*: 28.90%
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: -2.48%
• 1M: 0.34%
• YTD: 7.85%
• 6M: 7.02%
• 1Y: 25.10%
• 3Y*: 19.79%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BOAT vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BOAT SonicShares Global Shipping ETF	33.67%	22.77%	5.97%	24.53%	-7.32%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.85%	15.18%	24.85%	36.28%	-11.16%

Correlation

The correlation between BOAT and JEPQ is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.35

BOAT vs. JEPQ - Sectors Allocation Comparison

Sectors	BOAT	JEPQ
Industrials	25.4%	2.8%
Energy	16.1%	0.3%
Financial Services	4.7%	0.3%
Basic Materials	-	0.9%
Communication Services	-	13.9%
Consumer Cyclical	-	11.8%
Consumer Defensive	-	6.0%
Healthcare	-	3.9%
Real Estate	-	0.2%
Technology	-	58.9%
Utilities	-	1.1%

Return for Risk

BOAT vs. JEPQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BOAT

BOAT Risk / Return Rank: 78
BOAT Sharpe Ratio Rank: 82
BOAT Sortino Ratio Rank: 79
BOAT Omega Ratio Rank: 74
BOAT Calmar Ratio Rank: 83
BOAT Martin Ratio Rank: 73

JEPQ

JEPQ Risk / Return Rank: 63
JEPQ Sharpe Ratio Rank: 60
JEPQ Sortino Ratio Rank: 55
JEPQ Omega Ratio Rank: 66
JEPQ Calmar Ratio Rank: 60
JEPQ Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BOAT vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SonicShares Global Shipping ETF (BOAT) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BOAT	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	2.50	1.93	+0.57
Sortino ratio: Return per unit of downside risk	3.30	2.57	+0.73
Omega ratio: Gain probability vs. loss probability	1.42	1.38	+0.03
Calmar ratio: Return relative to maximum drawdown	4.25	2.86	+1.39
Martin ratio: Return relative to average drawdown	13.08	13.55	-0.48

BOAT vs. JEPQ - Sharpe Ratio Comparison

The current BOAT Sharpe Ratio is 2.50, which is comparable to the JEPQ Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of BOAT and JEPQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BOAT vs. JEPQ - Drawdown Comparison

The maximum BOAT drawdown since its inception was -33.94%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for BOAT and JEPQ.

Drawdown Indicators

	BOAT	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-33.94%	-20.07%	-13.87%
Max Drawdown (1Y) Largest decline over 1 year	-11.60%	-8.82%	-2.78%
Max Drawdown (3Y) Largest decline over 3 years	-33.94%	-20.07%	-13.87%
Current Drawdown Current decline from peak	-3.87%	-2.48%	-1.39%
Average Drawdown Average peak-to-trough decline	-9.64%	-3.40%	-6.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	1.86%	+1.94%

Volatility

BOAT vs. JEPQ - Volatility Comparison

SonicShares Global Shipping ETF (BOAT) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) have volatilities of 6.09% and 6.27%, 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.

Volatility by Period

	BOAT	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	6.27%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	15.68%	10.58%	+5.10%
Volatility (1Y) Calculated over the trailing 1-year period	19.72%	13.08%	+6.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.05%	16.79%	+8.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.05%	16.79%	+8.26%

BOAT vs. JEPQ - Expense Ratio Comparison

BOAT has a 0.69% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

BOAT vs. JEPQ - Dividend Comparison

BOAT's dividend yield for the trailing twelve months is around 6.13%, less than JEPQ's 10.22% yield.

Position	TTM	2025	2024	2023	2022	2021
BOAT SonicShares Global Shipping ETF	6.13%	8.08%	13.89%	13.65%	13.57%	1.36%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.22%	10.53%	9.65%	10.03%	9.44%	0.00%

Frequently Asked Questions

Can I hold both BOAT and JEPQ in my portfolio?

BOAT and JEPQ have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOAT or JEPQ?

JEPQ has higher volatility (6.27%) compared to BOAT (6.09%). In terms of maximum drawdown, BOAT dropped -33.94% vs JEPQ's -20.07%.

Which ETF is better, BOAT or JEPQ?

On 3-year performance, BOAT leads with 28.90% vs 19.79% for JEPQ. On fees, JEPQ is cheaper at 0.35% per year. On volatility, BOAT has been the lower-risk option at 6.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOAT or JEPQ?

Over the 3-year period, BOAT has performed better with a 28.90% return vs 19.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOAT or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.69% for BOAT.

Which ETF pays a higher dividend yield, BOAT or JEPQ?

JEPQ has the higher dividend yield at 10.22%, compared with 6.13% for BOAT.

What is the main difference between BOAT and JEPQ?

BOAT is categorized as Transportation Equities, while JEPQ is Nasdaq-100. BOAT tracks Solactive Global Shipping Index, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: Tidal Investments and JPMorgan. Their fees differ too: 0.69% for BOAT and 0.35% for JEPQ.

Which has better risk-adjusted returns?

BOAT currently has the higher Sharpe Ratio (2.50 vs 1.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.