BOAT vs. JEPQ
Compare and contrast key facts about SonicShares Global Shipping ETF (BOAT) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
BOAT and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BOAT is a passively managed fund by Toroso Investments that tracks the performance of the Solactive Global Shipping Index - Benchmark TR Net. It was launched on Aug 3, 2021. 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: BOAT or JEPQ.
Key characteristics
| BOAT | JEPQ | |
|---|---|---|
| YTD Return | 12.08% | 23.39% |
| 1Y Return | 22.59% | 28.15% |
| Sharpe Ratio | 1.05 | 2.38 |
| Sortino Ratio | 1.50 | 3.11 |
| Omega Ratio | 1.19 | 1.49 |
| Calmar Ratio | 1.38 | 2.71 |
| Martin Ratio | 3.14 | 11.74 |
| Ulcer Index | 7.81% | 2.48% |
| Daily Std Dev | 23.38% | 12.20% |
| Max Drawdown | -31.09% | -16.82% |
| Current Drawdown | -14.29% | 0.00% |
Correlation
The correlation between BOAT and JEPQ is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BOAT vs. JEPQ - Performance Comparison
In the year-to-date period, BOAT achieves a 12.08% return, which is significantly lower than JEPQ's 23.39% 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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BOAT vs. JEPQ - Expense Ratio Comparison
BOAT has a 0.69% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
BOAT vs. JEPQ - Risk-Adjusted Performance 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.
Dividends
BOAT vs. JEPQ - Dividend Comparison
BOAT's dividend yield for the trailing twelve months is around 6.88%, less than JEPQ's 9.35% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
BOAT SonicShares Global Shipping ETF | 6.88% | 13.65% | 13.57% | 1.36% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.35% | 10.02% | 9.44% | 0.00% |
Drawdowns
BOAT vs. JEPQ - Drawdown Comparison
The maximum BOAT drawdown since its inception was -31.09%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for BOAT and JEPQ. For additional features, visit the drawdowns tool.
Volatility
BOAT vs. JEPQ - Volatility Comparison
SonicShares Global Shipping ETF (BOAT) has a higher volatility of 7.19% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.33%. This indicates that BOAT's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.