CEG vs. JEPQ
CEG (Constellation Energy Corp) is a stock, while JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) is Nasdaq-100 fund tracking the Nasdaq-100 Index. Over the past 3 years, CEG returned 40.06%/yr vs 19.91%/yr for JEPQ. At a 0.44 correlation, their price movements are largely independent.
Performance
CEG vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, CEG achieves a -27.96% return, which is significantly lower than JEPQ's 7.85% return.
CEG
- 1D
- 2.86%
- 1M
- -5.03%
- YTD
- -27.96%
- 6M
- -27.70%
- 1Y
- -14.08%
- 3Y*
- 40.06%
- 5Y*
- —
- 10Y*
- —
JEPQ
- 1D
- 0.62%
- 1M
- 1.08%
- YTD
- 7.85%
- 6M
- 8.80%
- 1Y
- 26.60%
- 3Y*
- 19.91%
- 5Y*
- —
- 10Y*
- —
CEG vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CEG Constellation Energy Corp | -27.96% | 58.80% | 92.71% | 37.24% | 45.24% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 7.85% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between CEG and JEPQ is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.44 |
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Return for Risk
CEG vs. JEPQ — Risk / Return Rank
CEG
JEPQ
CEG vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Constellation Energy Corp (CEG) 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.
| CEG | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.86 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.40 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 2.91 | -3.29 |
| Martin ratioReturn relative to average drawdown | -0.78 | 13.84 | -14.62 |
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Drawdowns
CEG vs. JEPQ - Drawdown Comparison
The maximum CEG drawdown since its inception was -50.70%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for CEG and JEPQ.
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Drawdown Indicators
| CEG | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.70% | -20.07% | -30.63% |
Max Drawdown (1Y)Largest decline over 1 year | -39.77% | -8.82% | -30.95% |
Max Drawdown (3Y)Largest decline over 3 years | -50.70% | -20.07% | -30.63% |
Current DrawdownCurrent decline from peak | -36.93% | -1.64% | -35.29% |
Average DrawdownAverage peak-to-trough decline | -11.67% | -3.41% | -8.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.38% | 1.85% | +17.53% |
Volatility
CEG vs. JEPQ - Volatility Comparison
Constellation Energy Corp (CEG) has a higher volatility of 15.26% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 4.98%. This indicates that CEG'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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Volatility by Period
| CEG | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.26% | 4.98% | +10.28% |
Volatility (6M)Calculated over the trailing 6-month period | 37.72% | 10.22% | +27.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.66% | 12.61% | +34.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.38% | 16.73% | +32.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.38% | 16.73% | +32.65% |
Dividends
CEG vs. JEPQ - Dividend Comparison
CEG's dividend yield for the trailing twelve months is around 0.64%, less than JEPQ's 10.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CEG Constellation Energy Corp | 0.64% | 0.44% | 0.63% | 0.97% | 0.65% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.22% | 10.53% | 9.65% | 10.03% | 9.44% |
Frequently Asked Questions
CEG and JEPQ have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEG has higher volatility (15.26%) compared to JEPQ (4.98%). In terms of maximum drawdown, CEG dropped -50.70% vs JEPQ's -20.07%.
JEPQ currently has the higher Sharpe Ratio (2.03 vs -0.32), 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.
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