Correlation
The correlation between CANQ and JEPQ is 0.87, 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.
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.
Performance
CANQ vs. JEPQ - Performance Comparison
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Key characteristics
CANQ:
1.11
JEPQ:
0.43
CANQ:
1.53
JEPQ:
0.67
CANQ:
1.20
JEPQ:
1.10
CANQ:
1.21
JEPQ:
0.38
CANQ:
3.27
JEPQ:
1.30
CANQ:
4.72%
JEPQ:
5.88%
CANQ:
14.83%
JEPQ:
20.30%
CANQ:
-12.79%
JEPQ:
-20.07%
CANQ:
-4.00%
JEPQ:
-7.23%
Returns By Period
In the year-to-date period, CANQ achieves a 0.77% return, which is significantly higher than JEPQ's -2.97% return.
CANQ
0.77%
3.87%
3.50%
16.46%
N/A
N/A
N/A
JEPQ
-2.97%
3.03%
-2.54%
8.36%
14.33%
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.
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Dividends
CANQ vs. JEPQ - Dividend Comparison
CANQ's dividend yield for the trailing twelve months is around 5.49%, less than JEPQ's 11.28% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
CANQ Calamos Alternative Nasdaq & Bond ETF | 5.49% | 4.19% | 0.00% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 11.28% | 9.66% | 10.02% | 9.44% |
Drawdowns
CANQ vs. JEPQ - Drawdown Comparison
The maximum CANQ drawdown since its inception was -12.79%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for CANQ and JEPQ.
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Volatility
CANQ vs. JEPQ - Volatility Comparison
Calamos Alternative Nasdaq & Bond ETF (CANQ) has a higher volatility of 2.75% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 2.06%. This indicates that CANQ'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.
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