FNGS vs. JEPQ
Compare and contrast key facts about MicroSectors FANG+ ETN (FNGS) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
FNGS and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNGS is a passively managed fund by BMO Financial Group that tracks the performance of the NYSE FANG+ Index. It was launched on Nov 12, 2019. 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: FNGS or JEPQ.
Key characteristics
| FNGS | JEPQ | |
|---|---|---|
| YTD Return | 37.92% | 20.41% |
| 1Y Return | 65.71% | 34.37% |
| Sharpe Ratio | 2.78 | 2.96 |
| Sortino Ratio | 3.37 | 3.81 |
| Omega Ratio | 1.46 | 1.61 |
| Calmar Ratio | 3.81 | 3.36 |
| Martin Ratio | 12.48 | 14.57 |
| Ulcer Index | 5.44% | 2.47% |
| Daily Std Dev | 24.46% | 12.15% |
| Max Drawdown | -48.98% | -16.82% |
| Current Drawdown | -2.05% | 0.00% |
Correlation
The correlation between FNGS 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
FNGS vs. JEPQ - Performance Comparison
In the year-to-date period, FNGS achieves a 37.92% return, which is significantly higher than JEPQ's 20.41% 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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FNGS vs. JEPQ - Expense Ratio Comparison
FNGS has a 0.58% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
FNGS vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) 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
FNGS vs. JEPQ - Dividend Comparison
FNGS has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 9.35%.
| TTM | 2023 | 2022 | |
|---|---|---|---|
FNGS MicroSectors FANG+ ETN | 0.00% | 0.00% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.35% | 10.02% | 9.44% |
Drawdowns
FNGS vs. JEPQ - Drawdown Comparison
The maximum FNGS drawdown since its inception was -48.98%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for FNGS and JEPQ. For additional features, visit the drawdowns tool.
Volatility
FNGS vs. JEPQ - Volatility Comparison
MicroSectors FANG+ ETN (FNGS) has a higher volatility of 5.88% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 2.15%. This indicates that FNGS'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.