GNOV vs. JEPQ
Compare and contrast key facts about FT Cboe Vest U.S. Equity Moderate Buffer ETF - November (GNOV) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
GNOV and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GNOV is an actively managed fund by FT Vest. It was launched on Nov 16, 2023. 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: GNOV or JEPQ.
Correlation
The correlation between GNOV 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
GNOV vs. JEPQ - Performance Comparison
Key characteristics
GNOV:
2.26
JEPQ:
1.70
GNOV:
3.15
JEPQ:
2.25
GNOV:
1.52
JEPQ:
1.33
GNOV:
3.96
JEPQ:
2.08
GNOV:
19.01
JEPQ:
8.77
GNOV:
0.54%
JEPQ:
2.54%
GNOV:
4.53%
JEPQ:
13.15%
GNOV:
-2.59%
JEPQ:
-16.82%
GNOV:
-0.28%
JEPQ:
-0.73%
Returns By Period
In the year-to-date period, GNOV achieves a 1.63% return, which is significantly lower than JEPQ's 2.54% return.
GNOV
1.63%
1.05%
6.66%
10.28%
N/A
N/A
JEPQ
2.54%
0.35%
21.89%
22.41%
N/A
N/A
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GNOV vs. JEPQ - Expense Ratio Comparison
GNOV has a 0.85% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
GNOV vs. JEPQ — Risk-Adjusted Performance Rank
GNOV
JEPQ
GNOV vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Moderate Buffer ETF - November (GNOV) 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
GNOV vs. JEPQ - Dividend Comparison
GNOV has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 9.68%.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
GNOV FT Cboe Vest U.S. Equity Moderate Buffer ETF - November | 0.00% | 0.00% | 0.00% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.68% | 9.65% | 10.02% | 9.44% |
Drawdowns
GNOV vs. JEPQ - Drawdown Comparison
The maximum GNOV drawdown since its inception was -2.59%, smaller than the maximum JEPQ drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for GNOV and JEPQ. For additional features, visit the drawdowns tool.
Volatility
GNOV vs. JEPQ - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Moderate Buffer ETF - November (GNOV) is 2.06%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 4.49%. This indicates that GNOV 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.