FTHI vs. JEPQ
Compare and contrast key facts about First Trust BuyWrite Income ETF (FTHI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
FTHI and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTHI is an actively managed fund by First Trust. It was launched on Jan 6, 2014. 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: FTHI or JEPQ.
Key characteristics
| FTHI | JEPQ | |
|---|---|---|
| YTD Return | 20.07% | 23.15% |
| 1Y Return | 26.61% | 30.52% |
| Sharpe Ratio | 3.16 | 2.44 |
| Sortino Ratio | 4.27 | 3.18 |
| Omega Ratio | 1.69 | 1.50 |
| Calmar Ratio | 4.50 | 2.79 |
| Martin Ratio | 25.80 | 12.07 |
| Ulcer Index | 1.01% | 2.48% |
| Daily Std Dev | 8.25% | 12.27% |
| Max Drawdown | -32.65% | -16.82% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FTHI and JEPQ is 0.82, 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
FTHI vs. JEPQ - Performance Comparison
In the year-to-date period, FTHI achieves a 20.07% return, which is significantly lower than JEPQ's 23.15% 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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FTHI vs. JEPQ - Expense Ratio Comparison
FTHI has a 0.85% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
FTHI vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust BuyWrite Income ETF (FTHI) 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
FTHI vs. JEPQ - Dividend Comparison
FTHI's dividend yield for the trailing twelve months is around 8.25%, less than JEPQ's 9.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTHI First Trust BuyWrite Income ETF | 8.25% | 8.50% | 9.06% | 4.37% | 4.76% | 4.21% | 4.76% | 4.02% | 4.43% | 4.98% | 3.96% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.36% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTHI vs. JEPQ - Drawdown Comparison
The maximum FTHI drawdown since its inception was -32.65%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for FTHI and JEPQ. For additional features, visit the drawdowns tool.
Volatility
FTHI vs. JEPQ - Volatility Comparison
The current volatility for First Trust BuyWrite Income ETF (FTHI) is 2.74%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 3.39%. This indicates that FTHI 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.