GOF vs. JEPQ
GOF (Guggenheim Strategic Opportunities Fund) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both funds - GOF is a Multisector Bonds fund actively managed by Guggenheim, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. GOF is actively managed, while JEPQ is passively managed. Over the past 3 years, GOF returned 1.50%/yr vs 17.49%/yr for JEPQ. Their 0.37 correlation means their historical movements had little consistent relationship. GOF charges 1.89%/yr vs 0.35%/yr for JEPQ.
Performance
GOF vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, GOF achieves a -8.87% return, which is significantly lower than JEPQ's 6.05% return.
GOF
- 1D
- 0.00%
- 1M
- -2.74%
- 6M
- -9.44%
- YTD
- -8.87%
- 1Y
- -15.54%
- 3Y*
- 1.50%
- 5Y*
- 0.02%
- 10Y*
- 7.19%
- ALL TIME*
- 8.80%
JEPQ
- 1D
- 0.57%
- 1M
- -1.92%
- 6M
- 3.71%
- YTD
- 6.05%
- 1Y
- 19.59%
- 3Y*
- 17.49%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.95M | $14.31M | $15.46M | |
| $439.89M | $417.31M | $422.49M |
GOF vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GOF Guggenheim Strategic Opportunities Fund | -8.87% | -1.92% | 38.04% | -3.04% | -10.75% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 6.05% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between GOF and JEPQ is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.37 |
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Return for Risk
GOF vs. JEPQ — Risk / Return Rank
GOF
JEPQ
GOF vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Strategic Opportunities Fund (GOF) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GOF | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.23 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.02 | -2.70 |
| Martin ratioReturn relative to average drawdown | -1.12 | 8.30 | -9.42 |
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Drawdowns
GOF vs. JEPQ - Drawdown Comparison
The maximum GOF drawdown since its inception was -54.66%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for GOF and JEPQ.
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Drawdown Indicators
| GOF | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.66% | -20.07% | -34.59% |
Max Drawdown (1Y)Largest decline over 1 year | -23.24% | -8.82% | -14.42% |
Max Drawdown (3Y)Largest decline over 3 years | -28.56% | -20.07% | -8.49% |
Max Drawdown (5Y)Largest decline over 5 years | -32.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | — | — |
Current DrawdownCurrent decline from peak | -18.83% | -4.23% | -14.60% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -3.38% | -3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.14% | 2.14% | +12.00% |
Volatility
GOF vs. JEPQ - Volatility Comparison
The current volatility for Guggenheim Strategic Opportunities Fund (GOF) is 2.66%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.09%. This indicates that GOF 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.
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Volatility by Period
| GOF | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 6.09% | -3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 12.15% | -1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 14.65% | +3.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.18% | 16.90% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.53% | 16.90% | +2.63% |
GOF vs. JEPQ - Expense Ratio Comparison
GOF has a 1.89% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Dividends
GOF vs. JEPQ - Dividend Comparison
GOF's dividend yield for the trailing twelve months is around 20.79%, more than JEPQ's 10.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOF Guggenheim Strategic Opportunities Fund | 20.79% | 16.97% | 14.32% | 17.07% | 14.36% | 11.93% | 11.26% | 12.08% | 11.96% | 10.13% | 11.13% | 12.98% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.99% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GOF and JEPQ have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPQ has higher volatility (6.09%) compared to GOF (2.66%). In terms of maximum drawdown, GOF dropped -54.66% vs JEPQ's -20.07%.
JEPQ currently has the higher Sharpe Ratio (1.22 vs -0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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