CANQ vs. JEPQ
Compare and contrast key facts about Calamos Alternative Nasdaq & Bond ETF (CANQ) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
CANQ and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CANQ is an actively managed fund by Calamos. It was launched on Feb 13, 2024. 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: CANQ or JEPQ.
Correlation
The correlation between CANQ 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.
Performance
CANQ vs. JEPQ - Performance Comparison
Key characteristics
CANQ:
13.95%
JEPQ:
13.20%
CANQ:
-8.99%
JEPQ:
-16.82%
CANQ:
-1.41%
JEPQ:
-0.25%
Returns By Period
In the year-to-date period, CANQ achieves a 3.45% return, which is significantly higher than JEPQ's 3.04% return.
CANQ
3.45%
4.76%
14.40%
N/A
N/A
N/A
JEPQ
3.04%
3.78%
16.18%
21.84%
N/A
N/A
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CANQ vs. JEPQ - Expense Ratio Comparison
CANQ has a 0.90% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
CANQ vs. JEPQ — Risk-Adjusted Performance Rank
CANQ
JEPQ
CANQ vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Alternative Nasdaq & Bond ETF (CANQ) 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.
Not enough dataDividends
CANQ vs. JEPQ - Dividend Comparison
CANQ's dividend yield for the trailing twelve months is around 4.67%, less than JEPQ's 9.63% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
CANQ Calamos Alternative Nasdaq & Bond ETF | 4.67% | 4.19% | 0.00% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.63% | 9.65% | 10.02% | 9.44% |
Drawdowns
CANQ vs. JEPQ - Drawdown Comparison
The maximum CANQ drawdown since its inception was -8.99%, smaller than the maximum JEPQ drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for CANQ and JEPQ. For additional features, visit the drawdowns tool.
Volatility
CANQ vs. JEPQ - Volatility Comparison
The current volatility for Calamos Alternative Nasdaq & Bond ETF (CANQ) is 3.37%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 3.98%. This indicates that CANQ 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.