EVHY vs. JEPQ
Compare and contrast key facts about Eaton Vance High Yield ETF (EVHY) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
EVHY and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVHY is an actively managed fund by Eaton Vance. It was launched on Oct 16, 2023. 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: EVHY or JEPQ.
Correlation
The correlation between EVHY and JEPQ is 0.63, 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.
Performance
EVHY vs. JEPQ - Performance Comparison
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Key characteristics
EVHY:
1.43
JEPQ:
0.39
EVHY:
2.12
JEPQ:
0.70
EVHY:
1.30
JEPQ:
1.11
EVHY:
1.84
JEPQ:
0.41
EVHY:
9.87
JEPQ:
1.46
EVHY:
0.69%
JEPQ:
5.60%
EVHY:
4.87%
JEPQ:
20.24%
EVHY:
-3.71%
JEPQ:
-20.07%
EVHY:
-0.14%
JEPQ:
-8.99%
Returns By Period
In the year-to-date period, EVHY achieves a 2.24% return, which is significantly higher than JEPQ's -4.81% return.
EVHY
2.24%
2.90%
1.55%
7.06%
N/A
N/A
JEPQ
-4.81%
6.91%
-3.46%
7.71%
N/A
N/A
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EVHY vs. JEPQ - Expense Ratio Comparison
EVHY has a 0.48% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
EVHY vs. JEPQ — Risk-Adjusted Performance Rank
EVHY
JEPQ
EVHY vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Yield ETF (EVHY) 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
EVHY vs. JEPQ - Dividend Comparison
EVHY's dividend yield for the trailing twelve months is around 7.64%, less than JEPQ's 11.50% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
EVHY Eaton Vance High Yield ETF | 7.64% | 7.66% | 1.44% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 11.50% | 9.66% | 10.02% | 9.44% |
Drawdowns
EVHY vs. JEPQ - Drawdown Comparison
The maximum EVHY drawdown since its inception was -3.71%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for EVHY and JEPQ. For additional features, visit the drawdowns tool.
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Volatility
EVHY vs. JEPQ - Volatility Comparison
The current volatility for Eaton Vance High Yield ETF (EVHY) is 2.09%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.59%. This indicates that EVHY 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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