FCVT vs. JEPQ
Compare and contrast key facts about First Trust SSI Strategic Convertible Securities ETF (FCVT) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
FCVT and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCVT is an actively managed fund by First Trust. It was launched on Nov 4, 2015. 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
FCVT vs. JEPQ - Performance Comparison
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FCVT vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FCVT First Trust SSI Strategic Convertible Securities ETF | 2.96% | 19.60% | 11.92% | 7.12% | -10.03% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | -2.87% | 15.18% | 24.85% | 36.28% | -12.89% |
Returns By Period
In the year-to-date period, FCVT achieves a 2.96% return, which is significantly higher than JEPQ's -2.87% return.
FCVT
- 1D
- 2.83%
- 1M
- -3.42%
- YTD
- 2.96%
- 6M
- 3.95%
- 1Y
- 28.88%
- 3Y*
- 13.46%
- 5Y*
- 3.16%
- 10Y*
- 10.49%
JEPQ
- 1D
- 3.25%
- 1M
- -3.50%
- YTD
- -2.87%
- 6M
- 1.65%
- 1Y
- 19.82%
- 3Y*
- 19.06%
- 5Y*
- —
- 10Y*
- —
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FCVT vs. JEPQ - Expense Ratio Comparison
FCVT has a 0.95% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Return for Risk
FCVT vs. JEPQ — Risk / Return Rank
FCVT
JEPQ
FCVT vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust SSI Strategic Convertible Securities ETF (FCVT) 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.
| FCVT | JEPQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 1.07 | +0.73 |
Sortino ratioReturn per unit of downside risk | 2.38 | 1.64 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.27 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.37 | 1.70 | +1.66 |
Martin ratioReturn relative to average drawdown | 11.45 | 8.45 | +2.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCVT | JEPQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 1.07 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.82 | -0.25 |
Correlation
The correlation between FCVT and JEPQ is 0.71, 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.
Dividends
FCVT vs. JEPQ - Dividend Comparison
FCVT's dividend yield for the trailing twelve months is around 1.65%, less than JEPQ's 11.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVT First Trust SSI Strategic Convertible Securities ETF | 1.65% | 1.98% | 1.30% | 1.76% | 3.71% | 23.07% | 1.72% | 1.60% | 1.85% | 2.18% | 1.88% | 0.59% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.13% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCVT vs. JEPQ - Drawdown Comparison
The maximum FCVT drawdown since its inception was -31.79%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for FCVT and JEPQ.
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Drawdown Indicators
| FCVT | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.79% | -20.07% | -11.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -11.58% | +3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -30.43% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.79% | — | — |
Current DrawdownCurrent decline from peak | -5.88% | -5.85% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -3.55% | -6.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.34% | +0.15% |
Volatility
FCVT vs. JEPQ - Volatility Comparison
First Trust SSI Strategic Convertible Securities ETF (FCVT) has a higher volatility of 7.16% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 6.02%. This indicates that FCVT'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.
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Volatility by Period
| FCVT | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 6.02% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 10.47% | +2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.06% | 18.52% | -2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 16.91% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 16.91% | +0.03% |