FTQI vs. JEPQ
Compare and contrast key facts about First Trust Nasdaq BuyWrite Income ETF (FTQI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
FTQI and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTQI is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Index. 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: FTQI or JEPQ.
Correlation
The correlation between FTQI 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
FTQI vs. JEPQ - Performance Comparison
Key characteristics
FTQI:
1.79
JEPQ:
2.03
FTQI:
2.37
JEPQ:
2.65
FTQI:
1.36
JEPQ:
1.41
FTQI:
2.19
JEPQ:
2.37
FTQI:
10.62
JEPQ:
10.22
FTQI:
1.76%
JEPQ:
2.49%
FTQI:
10.40%
JEPQ:
12.53%
FTQI:
-18.60%
JEPQ:
-16.82%
FTQI:
-2.16%
JEPQ:
-2.10%
Returns By Period
In the year-to-date period, FTQI achieves a 18.30% return, which is significantly lower than JEPQ's 24.91% return.
FTQI
18.30%
2.55%
8.46%
18.23%
6.65%
5.88%
JEPQ
24.91%
2.50%
8.47%
25.29%
N/A
N/A
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FTQI vs. JEPQ - Expense Ratio Comparison
FTQI has a 0.75% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
FTQI vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq BuyWrite Income ETF (FTQI) 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
FTQI vs. JEPQ - Dividend Comparison
FTQI's dividend yield for the trailing twelve months is around 12.56%, more than JEPQ's 9.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTQI First Trust Nasdaq BuyWrite Income ETF | 12.56% | 11.49% | 9.85% | 3.05% | 3.27% | 2.95% | 3.27% | 2.77% | 3.04% | 3.32% | 3.30% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.47% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTQI vs. JEPQ - Drawdown Comparison
The maximum FTQI drawdown since its inception was -18.60%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for FTQI and JEPQ. For additional features, visit the drawdowns tool.
Volatility
FTQI vs. JEPQ - Volatility Comparison
First Trust Nasdaq BuyWrite Income ETF (FTQI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) have volatilities of 2.71% and 2.80%, 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.