ETHD vs. JEPQ

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares UltraShort Ether ETF (ETHD) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).

ETHD and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETHD is an actively managed fund by ProShares. It was launched on Jun 7, 2024. JEPQ is a passively managed fund by JPMorgan that tracks the performance of the Nasdaq-100 Index. It was launched on May 3, 2022.

Performance

ETHD vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Ether ETF (ETHD) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

ETHD vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ETHD ProShares UltraShort Ether ETF	24.55%	-72.49%	-42.57%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	-1.88%	15.18%	10.09%

Returns By Period

In the year-to-date period, ETHD achieves a 24.55% return, which is significantly higher than JEPQ's -1.88% return.

ETHD

• 1D: -3.95%
• 1M: -18.40%
• YTD: 24.55%
• 6M: 83.22%
• 1Y: -84.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: 1.02%
• 1M: -2.60%
• YTD: -1.88%
• 6M: 2.46%
• 1Y: 20.16%
• 3Y*: 19.46%
• 5Y*: —
• 10Y*: —

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

ETHD vs. JEPQ - Expense Ratio Comparison

ETHD has a 1.01% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

ETHD

ProShares UltraShort Ether ETF

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

Return for Risk

ETHD vs. JEPQ — Risk / Return Rank

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

ETHD

ETHD Risk / Return Rank: 3
ETHD Sharpe Ratio Rank: 3
ETHD Sortino Ratio Rank: 4
ETHD Omega Ratio Rank: 4
ETHD Calmar Ratio Rank: 1
ETHD Martin Ratio Rank: 4

JEPQ

JEPQ Risk / Return Rank: 68
JEPQ Sharpe Ratio Rank: 60
JEPQ Sortino Ratio Rank: 63
JEPQ Omega Ratio Rank: 71
JEPQ Calmar Ratio Rank: 69
JEPQ Martin Ratio Rank: 79

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.

ETHD vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Ether ETF (ETHD) 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.

	ETHD	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	-0.56	1.09	-1.65
Sortino ratio Return per unit of downside risk	-0.61	1.66	-2.27
Omega ratio Gain probability vs. loss probability	0.93	1.27	-0.34
Calmar ratio Return relative to maximum drawdown	-0.90	1.82	-2.72
Martin ratio Return relative to average drawdown	-1.01	8.93	-9.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETHD vs. JEPQ - Sharpe Ratio Comparison

The current ETHD Sharpe Ratio is -0.56, which is lower than the JEPQ Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of ETHD and JEPQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ETHD	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.56	1.09	-1.65
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	0.84	-1.24

Correlation

The correlation between ETHD and JEPQ is -0.49. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

ETHD vs. JEPQ - Dividend Comparison

ETHD's dividend yield for the trailing twelve months is around 85.90%, more than JEPQ's 11.14% yield.

	TTM	2025	2024	2023	2022
ETHD ProShares UltraShort Ether ETF	85.90%	156.62%	19.15%	0.00%	0.00%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	11.14%	10.53%	9.65%	10.03%	9.44%

Drawdowns

ETHD vs. JEPQ - Drawdown Comparison

The maximum ETHD drawdown since its inception was -95.59%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for ETHD and JEPQ.

Drawdown Indicators

	ETHD	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-95.59%	-20.07%	-75.52%
Max Drawdown (1Y) Largest decline over 1 year	-95.50%	-11.58%	-83.92%
Current Drawdown Current decline from peak	-90.27%	-4.89%	-85.38%
Average Drawdown Average peak-to-trough decline	-63.63%	-3.55%	-60.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	84.73%	2.36%	+82.37%

Volatility

ETHD vs. JEPQ - Volatility Comparison

ProShares UltraShort Ether ETF (ETHD) has a higher volatility of 40.47% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 6.08%. This indicates that ETHD'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

	ETHD	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	40.47%	6.08%	+34.39%
Volatility (6M) Calculated over the trailing 6-month period	106.90%	10.52%	+96.38%
Volatility (1Y) Calculated over the trailing 1-year period	150.88%	18.54%	+132.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.74%	16.91%	+129.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.74%	16.91%	+129.83%