GFOF vs. JEPQ

Last updated Jun 4, 2026

GFOF (Grayscale Future of Finance ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - GFOF is a Blockchain fund tracking the Bloomberg Grayscale Future of Finance Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. At a 0.45 correlation, their price movements are largely independent. GFOF charges 0.70%/yr vs 0.35%/yr for JEPQ.

Performance

GFOF vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Future of Finance ETF (GFOF) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GFOF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: -0.10%
• 1M: 4.31%
• YTD: 9.54%
• 6M: 9.75%
• 1Y: 29.00%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GFOF vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	60.08%	145.49%	-62.25%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.54%	15.18%	24.85%	36.28%	-12.89%

Correlation

The correlation between GFOF and JEPQ is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.45

The correlation between GFOF and JEPQ shifts across timeframes, from 0.27 (3 years) to 0.45 (all time), reflecting how their relationship changes across market environments.

GFOF vs. JEPQ - Sectors Allocation Comparison

Sectors	GFOF	JEPQ
Financial Services	57.4%	0.4%
Technology	22.8%	54.0%
Healthcare	8.5%	4.4%
Industrials	3.4%	3.1%
Basic Materials	-	1.0%
Communication Services	-	15.4%
Consumer Cyclical	-	12.8%
Consumer Defensive	-	7.1%
Energy	-	0.4%
Real Estate	-	0.2%
Utilities	-	1.3%

Return for Risk

GFOF vs. JEPQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 74
JEPQ Sortino Ratio Rank: 71
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GFOF vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Future of Finance ETF (GFOF) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GFOF	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.00	—

Drawdowns

Drawdown Indicators

	GFOF	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	—	-20.07%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.07%	—
Current Drawdown Current decline from peak	—	-0.10%	—
Average Drawdown Average peak-to-trough decline	—	-3.42%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.79%	—

Volatility

Volatility by Period

	GFOF	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.73%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.61%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.61%	—

GFOF vs. JEPQ - Expense Ratio Comparison

GFOF has a 0.70% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

GFOF vs. JEPQ - Dividend Comparison

GFOF has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 10.07%.

Position	TTM	2025	2024	2023	2022
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	2.55%	4.08%	0.00%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.07%	10.53%	9.65%	10.03%	9.44%

Frequently Asked Questions

Can I hold both GFOF and JEPQ in my portfolio?

GFOF and JEPQ have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GFOF or JEPQ?

On fees, JEPQ is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GFOF or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.70% for GFOF.

Which ETF pays a higher dividend yield, GFOF or JEPQ?

JEPQ has the higher dividend yield at 10.07%, compared with 0.00% for GFOF.

What is the main difference between GFOF and JEPQ?

GFOF is categorized as Blockchain, while JEPQ is Nasdaq-100. GFOF tracks Bloomberg Grayscale Future of Finance Index, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: Grayscale and JPMorgan. Their fees differ too: 0.70% for GFOF and 0.35% for JEPQ.