DYNF vs. JEPQ

Last updated Jun 14, 2026

DYNF (iShares U.S. Equity Factor Rotation Active ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - DYNF is a Large Cap Blend Equities fund actively managed by iShares, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. DYNF is actively managed, while JEPQ is passively managed. Over the past 3 years, DYNF returned 24.87%/yr vs 19.91%/yr for JEPQ. Their correlation of 0.92 suggests significant overlap in exposure. DYNF charges 0.26%/yr vs 0.35%/yr for JEPQ.

Performance

DYNF vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Equity Factor Rotation Active ETF (DYNF) 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, DYNF achieves a 9.88% return, which is significantly higher than JEPQ's 7.85% return.

DYNF

• 1D: 0.57%
• 1M: 0.54%
• YTD: 9.88%
• 6M: 10.36%
• 1Y: 28.69%
• 3Y*: 24.87%
• 5Y*: 14.62%
• 10Y*: —

JEPQ

• 1D: 0.62%
• 1M: 1.08%
• YTD: 7.85%
• 6M: 8.80%
• 1Y: 26.60%
• 3Y*: 19.91%
• 5Y*: —
• 10Y*: —

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

DYNF vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DYNF iShares U.S. Equity Factor Rotation Active ETF	9.88%	20.00%	30.29%	36.25%	-7.01%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.85%	15.18%	24.85%	36.28%	-11.16%

Correlation

The correlation between DYNF and JEPQ is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.92

The correlation between DYNF and JEPQ has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.

DYNF vs. JEPQ - Sectors Allocation Comparison

Sectors	DYNF	JEPQ
Technology	40.1%	58.9%
Financial Services	14.9%	0.3%
Communication Services	10.7%	13.9%
Industrials	8.4%	2.8%
Consumer Cyclical	7.1%	11.8%
Healthcare	6.1%	3.9%
Energy	5.0%	0.3%
Utilities	2.8%	1.1%
Real Estate	2.0%	0.2%
Consumer Defensive	1.7%	6.0%
Basic Materials	0.8%	0.9%

Return for Risk

DYNF vs. JEPQ — Risk / Return Rank

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

DYNF

DYNF Risk / Return Rank: 76
DYNF Sharpe Ratio Rank: 76
DYNF Sortino Ratio Rank: 73
DYNF Omega Ratio Rank: 74
DYNF Calmar Ratio Rank: 71
DYNF Martin Ratio Rank: 84

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 73
JEPQ Sortino Ratio Rank: 69
JEPQ Omega Ratio Rank: 79
JEPQ Calmar Ratio Rank: 66
JEPQ Martin Ratio Rank: 81

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.

DYNF vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Equity Factor Rotation Active ETF (DYNF) 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.

	DYNF	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.03	+0.07
Sortino ratio: Return per unit of downside risk	2.82	2.69	+0.13
Omega ratio: Gain probability vs. loss probability	1.38	1.40	-0.03
Calmar ratio: Return relative to maximum drawdown	3.15	2.91	+0.24
Martin ratio: Return relative to average drawdown	14.77	13.84	+0.93

DYNF vs. JEPQ - Sharpe Ratio Comparison

The current DYNF Sharpe Ratio is 2.10, which is comparable to the JEPQ Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of DYNF 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

DYNF vs. JEPQ - Drawdown Comparison

The maximum DYNF drawdown since its inception was -34.72%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for DYNF and JEPQ.

Drawdown Indicators

	DYNF	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-34.72%	-20.07%	-14.65%
Max Drawdown (1Y) Largest decline over 1 year	-8.67%	-8.82%	+0.15%
Max Drawdown (3Y) Largest decline over 3 years	-18.70%	-20.07%	+1.37%
Max Drawdown (5Y) Largest decline over 5 years	-28.65%	—	—
Current Drawdown Current decline from peak	-2.06%	-1.64%	-0.42%
Average Drawdown Average peak-to-trough decline	-5.96%	-3.41%	-2.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	1.85%	0.00%

Volatility

DYNF vs. JEPQ - Volatility Comparison

iShares U.S. Equity Factor Rotation Active ETF (DYNF) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) have volatilities of 4.91% and 4.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DYNF	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	4.98%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	10.37%	10.22%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	13.01%	12.61%	+0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.58%	16.73%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	16.73%	+3.18%

DYNF vs. JEPQ - Expense Ratio Comparison

DYNF has a 0.26% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

DYNF vs. JEPQ - Dividend Comparison

DYNF's dividend yield for the trailing twelve months is around 0.90%, less than JEPQ's 10.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DYNF iShares U.S. Equity Factor Rotation Active ETF	0.90%	1.01%	0.65%	1.11%	1.66%	2.89%	1.52%	1.22%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.22%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DYNF and JEPQ in my portfolio?

With a correlation of 0.92, DYNF and JEPQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DYNF or JEPQ?

JEPQ has higher volatility (4.98%) compared to DYNF (4.91%). In terms of maximum drawdown, DYNF dropped -34.72% vs JEPQ's -20.07%.

Which ETF is better, DYNF or JEPQ?

On 3-year performance, DYNF leads with 24.87% vs 19.91% for JEPQ. On fees, DYNF is cheaper at 0.26% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DYNF or JEPQ?

Over the 3-year period, DYNF has performed better with a 24.87% return vs 19.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DYNF or JEPQ?

DYNF is cheaper with a 0.26% expense ratio, compared with 0.35% for JEPQ.

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

JEPQ has the higher dividend yield at 10.22%, compared with 0.90% for DYNF.

What is the main difference between DYNF and JEPQ?

DYNF is categorized as Large Cap Blend Equities, while JEPQ is Nasdaq-100. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.26% for DYNF and 0.35% for JEPQ.

Which has better risk-adjusted returns?

DYNF currently has the higher Sharpe Ratio (2.10 vs 2.03), 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.