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GPIQ vs. JEPQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

GPIQ vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
9.77%
9.59%
GPIQ
JEPQ

Returns By Period

In the year-to-date period, GPIQ achieves a 21.71% return, which is significantly lower than JEPQ's 22.99% return.


GPIQ

YTD

21.71%

1M

2.15%

6M

10.52%

1Y

26.45%

5Y (annualized)

N/A

10Y (annualized)

N/A

JEPQ

YTD

22.99%

1M

2.81%

6M

9.92%

1Y

26.76%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


GPIQJEPQ
Sharpe Ratio1.842.20
Sortino Ratio2.472.88
Omega Ratio1.351.45
Calmar Ratio2.322.53
Martin Ratio9.4010.94
Ulcer Index2.87%2.48%
Daily Std Dev14.64%12.33%
Max Drawdown-11.66%-16.82%
Current Drawdown-1.13%-0.32%

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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.


JEPQ
JPMorgan Nasdaq Equity Premium Income ETF
Expense ratio chart for JEPQ: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
Expense ratio chart for GPIQ: current value at 0.29% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.29%

Correlation

-0.50.00.51.01.0

The correlation between GPIQ and JEPQ is 0.96, 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.

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.


Sharpe ratio
The chart of Sharpe ratio for GPIQ, currently valued at 1.84, compared to the broader market0.002.004.001.842.20
The chart of Sortino ratio for GPIQ, currently valued at 2.47, compared to the broader market-2.000.002.004.006.008.0010.002.472.88
The chart of Omega ratio for GPIQ, currently valued at 1.35, compared to the broader market0.501.001.502.002.503.001.351.45
The chart of Calmar ratio for GPIQ, currently valued at 2.31, compared to the broader market0.005.0010.0015.002.322.53
The chart of Martin ratio for GPIQ, currently valued at 9.40, compared to the broader market0.0020.0040.0060.0080.00100.009.4010.94
GPIQ
JEPQ

The current GPIQ Sharpe Ratio is 1.84, which is comparable to the JEPQ Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of GPIQ and JEPQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.802.002.202.402.602.803.00Wed 30NovemberNov 03Tue 05Thu 07Sat 09Mon 11Wed 13Fri 15Nov 17Tue 19Thu 21
1.84
2.20
GPIQ
JEPQ

Dividends

GPIQ vs. JEPQ - Dividend Comparison

GPIQ's dividend yield for the trailing twelve months is around 9.89%, more than JEPQ's 9.38% yield.


TTM20232022
GPIQ
Goldman Sachs Nasdaq-100 Core Premium Income ETF
9.89%1.74%0.00%
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF
9.38%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.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.13%
-0.32%
GPIQ
JEPQ

Volatility

GPIQ vs. JEPQ - Volatility Comparison

Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a higher volatility of 4.43% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.71%. 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.


2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
4.43%
3.71%
GPIQ
JEPQ