GPIQ vs. JEPQ
Compare and contrast key facts about Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
GPIQ and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GPIQ is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 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: GPIQ or JEPQ.
Key characteristics
| GPIQ | JEPQ | |
|---|---|---|
| YTD Return | 22.83% | 23.39% |
| 1Y Return | 28.73% | 28.15% |
| Sharpe Ratio | 2.12 | 2.38 |
| Sortino Ratio | 2.82 | 3.11 |
| Omega Ratio | 1.41 | 1.49 |
| Calmar Ratio | 2.65 | 2.71 |
| Martin Ratio | 10.82 | 11.74 |
| Ulcer Index | 2.86% | 2.48% |
| Daily Std Dev | 14.61% | 12.20% |
| Max Drawdown | -11.66% | -16.82% |
| Current Drawdown | -0.22% | 0.00% |
Correlation
The correlation between GPIQ and JEPQ is 0.95, 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
GPIQ vs. JEPQ - Performance Comparison
The year-to-date returns for both investments are quite close, with GPIQ having a 22.83% return and JEPQ slightly higher at 23.39%. 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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GPIQ vs. JEPQ - Expense Ratio Comparison
GPIQ has a 0.29% expense ratio, which is lower than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
GPIQ vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) 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
GPIQ vs. JEPQ - Dividend Comparison
GPIQ's dividend yield for the trailing twelve months is around 9.80%, more than JEPQ's 9.35% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.80% | 1.74% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.35% | 10.02% | 9.44% |
Drawdowns
GPIQ vs. JEPQ - Drawdown Comparison
The maximum GPIQ drawdown since its inception was -11.66%, smaller than the maximum JEPQ drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for GPIQ and JEPQ. For additional features, visit the drawdowns tool.
Volatility
GPIQ vs. JEPQ - Volatility Comparison
Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a higher volatility of 4.04% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.33%. This indicates that GPIQ'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.