FDMO vs. JEPQ
Compare and contrast key facts about Fidelity Momentum Factor ETF (FDMO) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
FDMO and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDMO is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Momentum Factor Index. It was launched on Sep 12, 2016. 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: FDMO or JEPQ.
Key characteristics
| FDMO | JEPQ | |
|---|---|---|
| YTD Return | 11.13% | 7.79% |
| 1Y Return | 30.74% | 27.75% |
| Sharpe Ratio | 2.45 | 2.77 |
| Daily Std Dev | 13.35% | 11.04% |
| Max Drawdown | -33.94% | -16.82% |
| Current Drawdown | -2.91% | -2.68% |
Correlation
The correlation between FDMO and JEPQ is 0.89, 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.
Performance
FDMO vs. JEPQ - Performance Comparison
In the year-to-date period, FDMO achieves a 11.13% return, which is significantly higher than JEPQ's 7.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDMO vs. JEPQ - Expense Ratio Comparison
FDMO has a 0.29% expense ratio, which is lower than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
FDMO vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Momentum Factor ETF (FDMO) 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
FDMO vs. JEPQ - Dividend Comparison
FDMO's dividend yield for the trailing twelve months is around 0.69%, less than JEPQ's 9.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FDMO Fidelity Momentum Factor ETF | 0.69% | 0.87% | 1.19% | 0.60% | 0.77% | 1.23% | 1.22% | 1.09% | 0.45% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.16% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDMO vs. JEPQ - Drawdown Comparison
The maximum FDMO drawdown since its inception was -33.94%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for FDMO and JEPQ. For additional features, visit the drawdowns tool.
Volatility
FDMO vs. JEPQ - Volatility Comparison
Fidelity Momentum Factor ETF (FDMO) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) have volatilities of 4.76% and 4.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.