Correlation
The correlation between ECHIX and JEPQ is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
ECHIX vs. JEPQ
Compare and contrast key facts about Eaton Vance High Income Opportunities Fund (ECHIX) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
ECHIX is managed by Eaton Vance. It was launched on Jun 8, 1994. 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: ECHIX or JEPQ.
Performance
ECHIX vs. JEPQ - Performance Comparison
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Key characteristics
ECHIX:
2.07
JEPQ:
0.39
ECHIX:
2.94
JEPQ:
0.70
ECHIX:
1.46
JEPQ:
1.11
ECHIX:
1.96
JEPQ:
0.40
ECHIX:
9.04
JEPQ:
1.38
ECHIX:
0.82%
JEPQ:
5.86%
ECHIX:
3.74%
JEPQ:
20.30%
ECHIX:
-43.43%
JEPQ:
-20.07%
ECHIX:
0.00%
JEPQ:
-7.14%
Returns By Period
In the year-to-date period, ECHIX achieves a 2.07% return, which is significantly higher than JEPQ's -2.87% return.
ECHIX
2.07%
1.40%
2.28%
7.67%
5.75%
5.59%
4.02%
JEPQ
-2.87%
3.86%
-1.74%
7.92%
14.35%
N/A
N/A
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ECHIX vs. JEPQ - Expense Ratio Comparison
ECHIX has a 1.65% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
ECHIX vs. JEPQ — Risk-Adjusted Performance Rank
ECHIX
JEPQ
ECHIX vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Income Opportunities Fund (ECHIX) 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
ECHIX vs. JEPQ - Dividend Comparison
ECHIX's dividend yield for the trailing twelve months is around 5.45%, less than JEPQ's 11.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECHIX Eaton Vance High Income Opportunities Fund | 5.45% | 5.43% | 4.98% | 4.71% | 4.20% | 4.63% | 4.57% | 4.93% | 4.50% | 4.77% | 5.50% | 5.19% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 11.26% | 9.65% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ECHIX vs. JEPQ - Drawdown Comparison
The maximum ECHIX drawdown since its inception was -43.43%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for ECHIX and JEPQ.
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Volatility
ECHIX vs. JEPQ - Volatility Comparison
The current volatility for Eaton Vance High Income Opportunities Fund (ECHIX) is 0.91%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 2.05%. This indicates that ECHIX 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.
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