HCMT vs. JEPQ
Compare and contrast key facts about Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
HCMT and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HCMT is an actively managed fund by Direxion. It was launched on Jun 21, 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: HCMT or JEPQ.
Key characteristics
| HCMT | JEPQ | |
|---|---|---|
| YTD Return | 43.10% | 23.39% |
| 1Y Return | 59.29% | 28.15% |
| Sharpe Ratio | 2.30 | 2.38 |
| Sortino Ratio | 2.83 | 3.11 |
| Omega Ratio | 1.39 | 1.49 |
| Calmar Ratio | 3.11 | 2.71 |
| Martin Ratio | 11.55 | 11.74 |
| Ulcer Index | 5.65% | 2.48% |
| Daily Std Dev | 28.40% | 12.20% |
| Max Drawdown | -20.99% | -16.82% |
| Current Drawdown | -0.60% | 0.00% |
Correlation
The correlation between HCMT 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.
Performance
HCMT vs. JEPQ - Performance Comparison
In the year-to-date period, HCMT achieves a 43.10% return, which is significantly higher than JEPQ's 23.39% return. 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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HCMT vs. JEPQ - Expense Ratio Comparison
HCMT has a 1.17% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
HCMT vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) 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
HCMT vs. JEPQ - Dividend Comparison
HCMT's dividend yield for the trailing twelve months is around 0.75%, less than JEPQ's 9.35% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
HCMT Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF | 0.75% | 0.63% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.35% | 10.02% | 9.44% |
Drawdowns
HCMT vs. JEPQ - Drawdown Comparison
The maximum HCMT drawdown since its inception was -20.99%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for HCMT and JEPQ. For additional features, visit the drawdowns tool.
Volatility
HCMT vs. JEPQ - Volatility Comparison
Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) has a higher volatility of 8.24% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.33%. This indicates that HCMT'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.