DLNG vs. JEPQ

Last updated Jun 4, 2026

DLNG (Dynagas LNG Partners LP) 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, DLNG returned 17.68%/yr vs 20.92%/yr for JEPQ. At a 0.15 correlation, their price movements are largely independent.

Performance

DLNG vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dynagas LNG Partners LP (DLNG) 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, DLNG achieves a 2.58% return, which is significantly lower than JEPQ's 9.54% return.

DLNG

• 1D: -1.31%
• 1M: -1.04%
• YTD: 2.58%
• 6M: 3.68%
• 1Y: 6.30%
• 3Y*: 17.68%
• 5Y*: 8.44%
• 10Y*: -8.32%

JEPQ

• 1D: -0.10%
• 1M: 4.31%
• YTD: 9.54%
• 6M: 9.75%
• 1Y: 29.00%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DLNG vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DLNG Dynagas LNG Partners LP	2.58%	-26.93%	96.44%	6.87%	-21.08%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.54%	15.18%	24.85%	36.28%	-12.89%

Correlation

The correlation between DLNG and JEPQ is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.15

The correlation between DLNG and JEPQ shifts across timeframes, from 0.04 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DLNG vs. JEPQ — Risk / Return Rank

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

DLNG

DLNG Risk / Return Rank: 48
DLNG Sharpe Ratio Rank: 49
DLNG Sortino Ratio Rank: 43
DLNG Omega Ratio Rank: 41
DLNG Calmar Ratio Rank: 53
DLNG Martin Ratio Rank: 53

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 74
JEPQ Sortino Ratio Rank: 71
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

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.

DLNG vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynagas LNG Partners LP (DLNG) 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.

	DLNG	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	0.22	2.49	-2.27
Sortino ratio: Return per unit of downside risk	0.55	3.29	-2.74
Omega ratio: Gain probability vs. loss probability	1.06	1.49	-0.43
Calmar ratio: Return relative to maximum drawdown	0.50	3.31	-2.80
Martin ratio: Return relative to average drawdown	1.12	16.22	-15.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DLNG vs. JEPQ - Sharpe Ratio Comparison

The current DLNG Sharpe Ratio is 0.22, which is lower than the JEPQ Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of DLNG 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.

Sharpe Ratios by Period

	DLNG	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	2.49	-2.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	1.00	-1.14

Drawdowns

DLNG vs. JEPQ - Drawdown Comparison

The maximum DLNG drawdown since its inception was -93.08%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for DLNG and JEPQ.

Drawdown Indicators

	DLNG	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-93.08%	-20.07%	-73.01%
Max Drawdown (1Y) Largest decline over 1 year	-12.59%	-8.82%	-3.77%
Max Drawdown (3Y) Largest decline over 3 years	-39.54%	-20.07%	-19.47%
Max Drawdown (5Y) Largest decline over 5 years	-51.03%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-92.72%	—	—
Current Drawdown Current decline from peak	-71.76%	-0.10%	-71.66%
Average Drawdown Average peak-to-trough decline	-57.84%	-3.42%	-54.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.75%	1.79%	+3.96%

Volatility

DLNG vs. JEPQ - Volatility Comparison

Dynagas LNG Partners LP (DLNG) has a higher volatility of 7.64% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.26%. This indicates that DLNG'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.

Volatility by Period

	DLNG	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.64%	1.26%	+6.38%
Volatility (6M) Calculated over the trailing 6-month period	23.31%	9.07%	+14.24%
Volatility (1Y) Calculated over the trailing 1-year period	29.15%	11.73%	+17.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.20%	16.61%	+30.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.84%	16.61%	+36.23%

Dividends

DLNG vs. JEPQ - Dividend Comparison

DLNG's dividend yield for the trailing twelve months is around 5.28%, less than JEPQ's 10.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLNG Dynagas LNG Partners LP	5.28%	5.23%	0.90%	0.00%	0.00%	0.00%	0.00%	5.92%	34.79%	15.56%	10.58%	17.42%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.07%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DLNG and JEPQ in my portfolio?

DLNG and JEPQ have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DLNG or JEPQ?

DLNG has higher volatility (7.64%) compared to JEPQ (1.26%). In terms of maximum drawdown, DLNG dropped -93.08% vs JEPQ's -20.07%.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.49 vs 0.22), 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.