FAPR vs. JEPQ
Compare and contrast key facts about FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
FAPR and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FAPR is an actively managed fund by First Trust. It was launched on Apr 16, 2021. 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: FAPR or JEPQ.
Performance
FAPR vs. JEPQ - Performance Comparison
Returns By Period
In the year-to-date period, FAPR achieves a 17.70% return, which is significantly lower than JEPQ's 22.99% return.
FAPR
17.70%
0.90%
7.85%
21.62%
N/A
N/A
JEPQ
22.99%
2.81%
9.92%
26.76%
N/A
N/A
Key characteristics
| FAPR | JEPQ | |
|---|---|---|
| Sharpe Ratio | 3.61 | 2.20 |
| Sortino Ratio | 4.96 | 2.88 |
| Omega Ratio | 1.82 | 1.45 |
| Calmar Ratio | 4.71 | 2.53 |
| Martin Ratio | 29.56 | 10.94 |
| Ulcer Index | 0.74% | 2.48% |
| Daily Std Dev | 6.09% | 12.33% |
| Max Drawdown | -15.96% | -16.82% |
| Current Drawdown | -0.16% | -0.32% |
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FAPR vs. JEPQ - Expense Ratio Comparison
FAPR has a 0.85% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Correlation
The correlation between FAPR and JEPQ is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
FAPR vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR) 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.
Dividends
FAPR vs. JEPQ - Dividend Comparison
FAPR has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 9.38%.
| TTM | 2023 | 2022 | |
|---|---|---|---|
FAPR FT Cboe Vest U.S. Equity Buffer ETF – April | 0.00% | 0.00% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.38% | 10.02% | 9.44% |
Drawdowns
FAPR vs. JEPQ - Drawdown Comparison
The maximum FAPR drawdown since its inception was -15.96%, smaller than the maximum JEPQ drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for FAPR and JEPQ. For additional features, visit the drawdowns tool.
Volatility
FAPR vs. JEPQ - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR) is 1.55%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 3.71%. This indicates that FAPR 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.