FMAG vs. JEPQ
Compare and contrast key facts about Fidelity Magellan ETF (FMAG) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
FMAG and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMAG is an actively managed fund by Fidelity. It was launched on Feb 2, 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: FMAG or JEPQ.
Performance
FMAG vs. JEPQ - Performance Comparison
Returns By Period
In the year-to-date period, FMAG achieves a 30.05% return, which is significantly higher than JEPQ's 22.51% return.
FMAG
30.05%
0.10%
10.19%
35.51%
N/A
N/A
JEPQ
22.51%
2.70%
9.38%
26.60%
N/A
N/A
Key characteristics
| FMAG | JEPQ | |
|---|---|---|
| Sharpe Ratio | 2.33 | 2.19 |
| Sortino Ratio | 3.13 | 2.86 |
| Omega Ratio | 1.43 | 1.45 |
| Calmar Ratio | 3.61 | 2.52 |
| Martin Ratio | 14.84 | 10.88 |
| Ulcer Index | 2.48% | 2.48% |
| Daily Std Dev | 15.77% | 12.33% |
| Max Drawdown | -32.93% | -16.82% |
| Current Drawdown | -2.58% | -0.71% |
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FMAG vs. JEPQ - Expense Ratio Comparison
FMAG has a 0.59% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Correlation
The correlation between FMAG and JEPQ is 0.91, 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
FMAG vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan ETF (FMAG) 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
FMAG vs. JEPQ - Dividend Comparison
FMAG's dividend yield for the trailing twelve months is around 0.19%, less than JEPQ's 9.41% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
FMAG Fidelity Magellan ETF | 0.19% | 0.34% | 0.23% | 0.03% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.41% | 10.02% | 9.44% | 0.00% |
Drawdowns
FMAG vs. JEPQ - Drawdown Comparison
The maximum FMAG drawdown since its inception was -32.93%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for FMAG and JEPQ. For additional features, visit the drawdowns tool.
Volatility
FMAG vs. JEPQ - Volatility Comparison
Fidelity Magellan ETF (FMAG) has a higher volatility of 5.04% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.85%. This indicates that FMAG'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.