GSPY vs. JEPQ

Last updated Apr 1, 2026

Compare and contrast key facts about Gotham Enhanced 500 ETF (GSPY) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).

GSPY and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSPY is an actively managed fund by Gotham. It was launched on Dec 28, 2020. JEPQ is a passively managed fund by JPMorgan that tracks the performance of the Nasdaq-100 Index. It was launched on May 3, 2022.

Performance

GSPY vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gotham Enhanced 500 ETF (GSPY) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

GSPY vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GSPY Gotham Enhanced 500 ETF	-3.92%	18.28%	23.58%	26.01%	-9.97%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	-2.87%	15.18%	24.85%	36.28%	-12.89%

Returns By Period

In the year-to-date period, GSPY achieves a -3.92% return, which is significantly lower than JEPQ's -2.87% return.

GSPY

• 1D: 2.62%
• 1M: -5.00%
• YTD: -3.92%
• 6M: -0.83%
• 1Y: 18.09%
• 3Y*: 18.14%
• 5Y*: 11.69%
• 10Y*: —

JEPQ

• 1D: 3.25%
• 1M: -3.50%
• YTD: -2.87%
• 6M: 1.65%
• 1Y: 19.82%
• 3Y*: 19.06%
• 5Y*: —
• 10Y*: —

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

GSPY vs. JEPQ - Expense Ratio Comparison

GSPY has a 0.50% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

GSPY

Gotham Enhanced 500 ETF

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

Return for Risk

GSPY vs. JEPQ — Risk / Return Rank

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

GSPY

GSPY Risk / Return Rank: 62
GSPY Sharpe Ratio Rank: 57
GSPY Sortino Ratio Rank: 58
GSPY Omega Ratio Rank: 63
GSPY Calmar Ratio Rank: 61
GSPY Martin Ratio Rank: 71

JEPQ

JEPQ Risk / Return Rank: 72
JEPQ Sharpe Ratio Rank: 65
JEPQ Sortino Ratio Rank: 68
JEPQ Omega Ratio Rank: 75
JEPQ Calmar Ratio Rank: 72
JEPQ Martin Ratio Rank: 82

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.

GSPY vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gotham Enhanced 500 ETF (GSPY) 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.

	GSPY	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	0.98	1.07	-0.10
Sortino ratio Return per unit of downside risk	1.47	1.64	-0.17
Omega ratio Gain probability vs. loss probability	1.23	1.27	-0.04
Calmar ratio Return relative to maximum drawdown	1.50	1.70	-0.20
Martin ratio Return relative to average drawdown	7.18	8.45	-1.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSPY vs. JEPQ - Sharpe Ratio Comparison

The current GSPY Sharpe Ratio is 0.98, which is comparable to the JEPQ Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of GSPY 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.

Sharpe Ratios by Period

	GSPY	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	1.07	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.82	-0.04

Correlation

The correlation between GSPY and JEPQ is 0.92, 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.

Dividends

GSPY vs. JEPQ - Dividend Comparison

GSPY's dividend yield for the trailing twelve months is around 2.72%, less than JEPQ's 11.10% yield.

	TTM	2025	2024	2023	2022	2021
GSPY Gotham Enhanced 500 ETF	2.72%	2.61%	0.84%	1.06%	1.25%	0.23%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	11.10%	10.53%	9.65%	10.03%	9.44%	0.00%

Drawdowns

GSPY vs. JEPQ - Drawdown Comparison

The maximum GSPY drawdown since its inception was -23.30%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for GSPY and JEPQ.

Drawdown Indicators

	GSPY	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-23.30%	-20.07%	-3.23%
Max Drawdown (1Y) Largest decline over 1 year	-12.38%	-11.58%	-0.80%
Max Drawdown (5Y) Largest decline over 5 years	-23.30%	—	—
Current Drawdown Current decline from peak	-6.23%	-5.85%	-0.38%
Average Drawdown Average peak-to-trough decline	-4.89%	-3.55%	-1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	2.34%	+0.25%

Volatility

GSPY vs. JEPQ - Volatility Comparison

The current volatility for Gotham Enhanced 500 ETF (GSPY) is 5.04%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.02%. This indicates that GSPY 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.

Volatility by Period

	GSPY	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	6.02%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	10.16%	10.47%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	18.56%	18.52%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.57%	16.91%	-0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.47%	16.91%	-0.44%