GUG vs. JEPQ
GUG (Guggenheim Active Allocation Fund) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both funds - GUG is a Tactical Allocation fund actively managed by Guggenheim, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. GUG is actively managed, while JEPQ is passively managed. Over the past 3 years, GUG returned 13.77%/yr vs 19.68%/yr for JEPQ. At a 0.35 correlation, their price movements are largely independent. GUG charges 3.86%/yr vs 0.35%/yr for JEPQ.
Performance
GUG vs. JEPQ - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GUG having a 7.47% return and JEPQ slightly higher at 7.54%.
GUG
- 1D
- 0.51%
- 1M
- -0.83%
- YTD
- 7.47%
- 6M
- 6.98%
- 1Y
- 10.33%
- 3Y*
- 13.77%
- 5Y*
- —
- 10Y*
- —
JEPQ
- 1D
- -0.28%
- 1M
- 0.06%
- YTD
- 7.54%
- 6M
- 6.46%
- 1Y
- 23.49%
- 3Y*
- 19.68%
- 5Y*
- —
- 10Y*
- —
GUG vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GUG Guggenheim Active Allocation Fund | 7.47% | 13.12% | 11.46% | 20.68% | -11.37% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 7.54% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between GUG and JEPQ is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.35 |
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Return for Risk
GUG vs. JEPQ — Risk / Return Rank
GUG
JEPQ
GUG vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Active Allocation Fund (GUG) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GUG | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.36 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 2.68 | -1.35 |
| Martin ratioReturn relative to average drawdown | 3.83 | 12.63 | -8.80 |
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Drawdowns
GUG vs. JEPQ - Drawdown Comparison
The maximum GUG drawdown since its inception was -32.78%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for GUG and JEPQ.
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Drawdown Indicators
| GUG | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.78% | -20.07% | -12.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.80% | -8.82% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -12.10% | -20.07% | +7.97% |
Current DrawdownCurrent decline from peak | -2.72% | -2.75% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -3.39% | -8.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 1.86% | +0.84% |
Volatility
GUG vs. JEPQ - Volatility Comparison
The current volatility for Guggenheim Active Allocation Fund (GUG) is 3.95%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.27%. This indicates that GUG 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.
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Volatility by Period
| GUG | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 6.27% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.11% | 10.52% | -2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.59% | 13.06% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 16.78% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 16.78% | +0.69% |
GUG vs. JEPQ - Expense Ratio Comparison
GUG has a 3.86% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Dividends
GUG vs. JEPQ - Dividend Comparison
GUG's dividend yield for the trailing twelve months is around 9.05%, less than JEPQ's 10.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GUG Guggenheim Active Allocation Fund | 9.05% | 9.30% | 9.58% | 9.72% | 9.71% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.25% | 10.53% | 9.65% | 10.03% | 9.44% |
Frequently Asked Questions
GUG and JEPQ have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPQ has higher volatility (6.27%) compared to GUG (3.95%). In terms of maximum drawdown, GUG dropped -32.78% vs JEPQ's -20.07%.
JEPQ currently has the higher Sharpe Ratio (1.81 vs 0.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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