BYRE vs. JEPQ

Last updated Jun 24, 2026

BYRE (Principal Real Estate Active Opportunities ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - BYRE is a REIT fund actively managed by Principal, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. BYRE is actively managed, while JEPQ is passively managed. Over the past 3 years, BYRE returned 11.04%/yr vs 19.79%/yr for JEPQ. At a 0.38 correlation, their price movements are largely independent. BYRE charges 0.65%/yr vs 0.35%/yr for JEPQ.

Performance

BYRE vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Real Estate Active Opportunities ETF (BYRE) 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, BYRE achieves a 13.03% return, which is significantly higher than JEPQ's 7.85% return.

BYRE

• 1D: 1.22%
• 1M: -0.15%
• YTD: 13.03%
• 6M: 13.95%
• 1Y: 9.19%
• 3Y*: 11.04%
• 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)

BYRE vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BYRE Principal Real Estate Active Opportunities ETF	13.03%	2.35%	4.18%	10.82%	-9.22%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.85%	15.18%	24.85%	36.28%	-5.30%

Correlation

The correlation between BYRE and JEPQ is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (All Time) Calculated using the full available price history since May 19, 2022	0.38

Over the past year, the correlation between BYRE and JEPQ has dropped to 0.09 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.

Return for Risk

BYRE vs. JEPQ — Risk / Return Rank

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

BYRE

BYRE Risk / Return Rank: 22
BYRE Sharpe Ratio Rank: 22
BYRE Sortino Ratio Rank: 20
BYRE Omega Ratio Rank: 19
BYRE Calmar Ratio Rank: 26
BYRE Martin Ratio Rank: 24

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.

BYRE vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Real Estate Active Opportunities ETF (BYRE) 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.

	BYRE	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	0.72	1.93	-1.21
Sortino ratio: Return per unit of downside risk	1.04	2.57	-1.53
Omega ratio: Gain probability vs. loss probability	1.13	1.38	-0.25
Calmar ratio: Return relative to maximum drawdown	1.19	2.86	-1.67
Martin ratio: Return relative to average drawdown	2.98	13.55	-10.58

BYRE vs. JEPQ - Sharpe Ratio Comparison

The current BYRE Sharpe Ratio is 0.72, which is lower than the JEPQ Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of BYRE 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

BYRE vs. JEPQ - Drawdown Comparison

The maximum BYRE drawdown since its inception was -25.70%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for BYRE and JEPQ.

Drawdown Indicators

	BYRE	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-25.70%	-20.07%	-5.63%
Max Drawdown (1Y) Largest decline over 1 year	-7.76%	-8.82%	+1.06%
Max Drawdown (3Y) Largest decline over 3 years	-15.20%	-20.07%	+4.87%
Current Drawdown Current decline from peak	-0.72%	-2.48%	+1.76%
Average Drawdown Average peak-to-trough decline	-9.47%	-3.40%	-6.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	1.86%	+1.24%

Volatility

BYRE vs. JEPQ - Volatility Comparison

The current volatility for Principal Real Estate Active Opportunities ETF (BYRE) is 4.53%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.27%. This indicates that BYRE 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.

Volatility by Period

	BYRE	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	6.27%	-1.74%
Volatility (6M) Calculated over the trailing 6-month period	9.68%	10.58%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	12.96%	13.08%	-0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.08%	16.79%	+1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	16.79%	+1.29%

BYRE vs. JEPQ - Expense Ratio Comparison

BYRE has a 0.65% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

BYRE vs. JEPQ - Dividend Comparison

BYRE's dividend yield for the trailing twelve months is around 2.43%, less than JEPQ's 10.22% yield.

Position	TTM	2025	2024	2023	2022
BYRE Principal Real Estate Active Opportunities ETF	2.43%	2.71%	2.31%	2.63%	1.86%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.22%	10.53%	9.65%	10.03%	9.44%

Frequently Asked Questions

Can I hold both BYRE and JEPQ in my portfolio?

BYRE and JEPQ have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BYRE or JEPQ?

JEPQ has higher volatility (6.27%) compared to BYRE (4.53%). In terms of maximum drawdown, BYRE dropped -25.70% vs JEPQ's -20.07%.

Which ETF is better, BYRE or JEPQ?

On 3-year performance, JEPQ leads with 19.79% vs 11.04% for BYRE. On fees, JEPQ is cheaper at 0.35% per year. On volatility, BYRE has been the lower-risk option at 4.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BYRE or JEPQ?

Over the 3-year period, JEPQ has performed better with a 19.79% return vs 11.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BYRE or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.65% for BYRE.

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

JEPQ has the higher dividend yield at 10.22%, compared with 2.43% for BYRE.

What is the main difference between BYRE and JEPQ?

BYRE is categorized as REIT, while JEPQ is Nasdaq-100. They also come from different issuers: Principal and JPMorgan. Their fees differ too: 0.65% for BYRE and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (1.93 vs 0.72), 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.