GOFIX vs. JEPQ
Compare and contrast key facts about GMO Resources Fund (GOFIX) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
GOFIX is managed by GMO. It was launched on Dec 27, 2011. 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: GOFIX or JEPQ.
Correlation
The correlation between GOFIX and JEPQ is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GOFIX vs. JEPQ - Performance Comparison
Key characteristics
GOFIX:
-0.22
JEPQ:
1.81
GOFIX:
-0.17
JEPQ:
2.38
GOFIX:
0.98
JEPQ:
1.35
GOFIX:
-0.13
JEPQ:
2.22
GOFIX:
-0.43
JEPQ:
9.37
GOFIX:
10.61%
JEPQ:
2.54%
GOFIX:
20.23%
JEPQ:
13.19%
GOFIX:
-56.22%
JEPQ:
-16.82%
GOFIX:
-31.82%
JEPQ:
0.00%
Returns By Period
In the year-to-date period, GOFIX achieves a 2.84% return, which is significantly lower than JEPQ's 4.17% return.
GOFIX
2.84%
-2.38%
-6.89%
-7.37%
3.40%
5.78%
JEPQ
4.17%
3.31%
15.14%
22.79%
N/A
N/A
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GOFIX vs. JEPQ - Expense Ratio Comparison
GOFIX has a 0.72% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
GOFIX vs. JEPQ — Risk-Adjusted Performance Rank
GOFIX
JEPQ
GOFIX vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Resources Fund (GOFIX) 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
GOFIX vs. JEPQ - Dividend Comparison
GOFIX's dividend yield for the trailing twelve months is around 3.31%, less than JEPQ's 9.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOFIX GMO Resources Fund | 3.31% | 3.40% | 3.80% | 4.43% | 11.98% | 1.90% | 2.99% | 4.06% | 3.86% | 2.89% | 3.29% | 6.61% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.53% | 9.66% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GOFIX vs. JEPQ - Drawdown Comparison
The maximum GOFIX drawdown since its inception was -56.22%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for GOFIX and JEPQ. For additional features, visit the drawdowns tool.
Volatility
GOFIX vs. JEPQ - Volatility Comparison
GMO Resources Fund (GOFIX) has a higher volatility of 5.10% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.57%. This indicates that GOFIX'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.