GPIQ vs. JEPQ.L

Last updated Jun 4, 2026

GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and JEPQ.L (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)) are both Nasdaq-100 funds. Both are actively managed. Over the past year, GPIQ returned 37.50% vs 30.01% for JEPQ.L. A 0.61 correlation means they provide meaningful diversification when combined. GPIQ charges 0.29%/yr vs 0.35%/yr for JEPQ.L.

Performance

GPIQ vs. JEPQ.L - 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 Active UCITS ETF USD (Dist) (JEPQ.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPIQ achieves a 18.30% return, which is significantly higher than JEPQ.L's 9.67% return.

GPIQ

• 1D: -0.19%
• 1M: 8.51%
• YTD: 18.30%
• 6M: 17.64%
• 1Y: 37.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ.L

• 1D: 0.59%
• 1M: 4.60%
• YTD: 9.67%
• 6M: 11.17%
• 1Y: 30.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GPIQ vs. JEPQ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	18.30%	19.77%	1.31%
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)	9.67%	14.77%	2.89%

Correlation

The correlation between GPIQ and JEPQ.L is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024	0.61

The correlation between GPIQ and JEPQ.L has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.

GPIQ vs. JEPQ.L - Sectors Allocation Comparison

Sectors	GPIQ	JEPQ.L
Technology	53.8%	54.0%
Communication Services	15.8%	15.4%
Consumer Cyclical	12.3%	12.7%
Consumer Defensive	7.7%	7.1%
Healthcare	4.2%	4.4%
Industrials	2.9%	3.1%
Utilities	1.4%	1.3%
Basic Materials	1.1%	1.0%
Energy	0.6%	0.4%
Financial Services	0.2%	0.4%
Real Estate	0.1%	0.2%

Return for Risk

GPIQ vs. JEPQ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GPIQ

GPIQ Risk / Return Rank: 81
GPIQ Sharpe Ratio Rank: 84
GPIQ Sortino Ratio Rank: 81
GPIQ Omega Ratio Rank: 82
GPIQ Calmar Ratio Rank: 77
GPIQ Martin Ratio Rank: 83

JEPQ.L

JEPQ.L Risk / Return Rank: 78
JEPQ.L Sharpe Ratio Rank: 76
JEPQ.L Sortino Ratio Rank: 80
JEPQ.L Omega Ratio Rank: 81
JEPQ.L Calmar Ratio Rank: 72
JEPQ.L Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GPIQ vs. JEPQ.L - Risk-Adjusted Trends 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 Active UCITS ETF USD (Dist) (JEPQ.L). 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.

	GPIQ	JEPQ.L	Difference
Sharpe ratio: Return per unit of total volatility	2.81	2.51	+0.31
Sortino ratio: Return per unit of downside risk	3.71	3.60	+0.11
Omega ratio: Gain probability vs. loss probability	1.51	1.49	+0.01
Calmar ratio: Return relative to maximum drawdown	3.96	3.61	+0.35
Martin ratio: Return relative to average drawdown	17.48	15.99	+1.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GPIQ vs. JEPQ.L - Sharpe Ratio Comparison

The current GPIQ Sharpe Ratio is 2.81, which is comparable to the JEPQ.L Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of GPIQ and JEPQ.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GPIQ	JEPQ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.81	2.51	+0.31
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	1.12	+0.66

Drawdowns

GPIQ vs. JEPQ.L - Drawdown Comparison

The maximum GPIQ drawdown since its inception was -21.06%, roughly equal to the maximum JEPQ.L drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for GPIQ and JEPQ.L.

Drawdown Indicators

	GPIQ	JEPQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.06%	-20.10%	-0.96%
Max Drawdown (1Y) Largest decline over 1 year	-9.51%	-8.28%	-1.23%
Current Drawdown Current decline from peak	-0.19%	0.00%	-0.19%
Average Drawdown Average peak-to-trough decline	-2.27%	-2.77%	+0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	1.87%	+0.28%

Volatility

GPIQ vs. JEPQ.L - Volatility Comparison

Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a higher volatility of 3.39% compared to JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) at 1.68%. This indicates that GPIQ's price experiences larger fluctuations and is considered to be riskier than JEPQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPIQ	JEPQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	1.68%	+1.71%
Volatility (6M) Calculated over the trailing 6-month period	10.44%	8.93%	+1.51%
Volatility (1Y) Calculated over the trailing 1-year period	13.40%	11.92%	+1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.47%	15.99%	+1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.47%	15.99%	+1.48%

GPIQ vs. JEPQ.L - Expense Ratio Comparison

GPIQ has a 0.29% expense ratio, which is lower than JEPQ.L's 0.35% expense ratio.

Dividends

GPIQ vs. JEPQ.L - Dividend Comparison

GPIQ's dividend yield for the trailing twelve months is around 9.32%, less than JEPQ.L's 10.11% yield.

Position	TTM	2025	2024	2023
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.32%	9.81%	9.18%	1.74%
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)	10.11%	10.06%	0.74%	0.00%

Frequently Asked Questions

Can I hold both GPIQ and JEPQ.L in my portfolio?

GPIQ and JEPQ.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GPIQ or JEPQ.L?

On fees, GPIQ is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GPIQ or JEPQ.L?

GPIQ is cheaper with a 0.29% expense ratio, compared with 0.35% for JEPQ.L.

What is the main difference between GPIQ and JEPQ.L?

They also come from different issuers: Goldman Sachs and JPMorgan. Their fees differ too: 0.29% for GPIQ and 0.35% for JEPQ.L.