GASFX vs. JEPQ
Compare and contrast key facts about Hennessy Gas Utility Fund (GASFX) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
GASFX is managed by Hennessy. It was launched on May 9, 1989. 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: GASFX or JEPQ.
Key characteristics
| GASFX | JEPQ | |
|---|---|---|
| YTD Return | 27.14% | 23.39% |
| 1Y Return | 26.18% | 28.15% |
| Sharpe Ratio | 2.23 | 2.38 |
| Sortino Ratio | 2.98 | 3.11 |
| Omega Ratio | 1.42 | 1.49 |
| Calmar Ratio | 1.29 | 2.71 |
| Martin Ratio | 9.55 | 11.74 |
| Ulcer Index | 3.10% | 2.48% |
| Daily Std Dev | 13.29% | 12.20% |
| Max Drawdown | -55.67% | -16.82% |
| Current Drawdown | -0.83% | 0.00% |
Correlation
The correlation between GASFX and JEPQ is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GASFX vs. JEPQ - Performance Comparison
In the year-to-date period, GASFX achieves a 27.14% return, which is significantly higher than JEPQ's 23.39% 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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GASFX vs. JEPQ - Expense Ratio Comparison
GASFX has a 1.00% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
GASFX vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Gas Utility Fund (GASFX) 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
GASFX vs. JEPQ - Dividend Comparison
GASFX's dividend yield for the trailing twelve months is around 2.11%, less than JEPQ's 9.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GASFX Hennessy Gas Utility Fund | 2.11% | 2.57% | 2.05% | 2.06% | 2.63% | 2.08% | 2.55% | 2.43% | 2.12% | 3.06% | 2.11% | 2.21% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.35% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GASFX vs. JEPQ - Drawdown Comparison
The maximum GASFX drawdown since its inception was -55.67%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for GASFX and JEPQ. For additional features, visit the drawdowns tool.
Volatility
GASFX vs. JEPQ - Volatility Comparison
Hennessy Gas Utility Fund (GASFX) has a higher volatility of 4.21% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.33%. This indicates that GASFX'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.