HDB vs. JEPQ
HDB (HDFC Bank Limited) is a stock, while JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) is Nasdaq-100 fund tracking the Nasdaq-100 Index. Over the past 3 years, HDB returned -7.12%/yr vs 19.68%/yr for JEPQ. At a 0.34 correlation, their price movements are largely independent.
Performance
HDB vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, HDB achieves a -28.87% return, which is significantly lower than JEPQ's 7.54% return.
HDB
- 1D
- 2.16%
- 1M
- 5.06%
- YTD
- -28.87%
- 6M
- -28.60%
- 1Y
- -29.19%
- 3Y*
- -7.12%
- 5Y*
- -5.24%
- 10Y*
- 5.90%
JEPQ
- 1D
- -0.28%
- 1M
- 0.06%
- YTD
- 7.54%
- 6M
- 6.46%
- 1Y
- 23.49%
- 3Y*
- 19.68%
- 5Y*
- —
- 10Y*
- —
HDB vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HDB HDFC Bank Limited | -28.87% | 17.07% | -2.54% | 0.16% | 25.03% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 7.54% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between HDB and JEPQ is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.34 |
The correlation between HDB and JEPQ shifts across timeframes, from 0.21 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HDB vs. JEPQ — Risk / Return Rank
HDB
JEPQ
HDB vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HDFC Bank Limited (HDB) 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.
| HDB | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.99 | ||
| Sortino ratioReturn per unit of downside risk | -4.13 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.36 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 2.68 | -3.39 |
| Martin ratioReturn relative to average drawdown | -1.40 | 12.63 | -14.03 |
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Drawdowns
HDB vs. JEPQ - Drawdown Comparison
The maximum HDB drawdown since its inception was -67.93%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for HDB and JEPQ.
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Drawdown Indicators
| HDB | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.93% | -20.07% | -47.86% |
Max Drawdown (1Y)Largest decline over 1 year | -40.98% | -8.82% | -32.16% |
Max Drawdown (3Y)Largest decline over 3 years | -40.98% | -20.07% | -20.91% |
Max Drawdown (5Y)Largest decline over 5 years | -40.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -54.28% | — | — |
Current DrawdownCurrent decline from peak | -33.33% | -2.75% | -30.58% |
Average DrawdownAverage peak-to-trough decline | -13.82% | -3.39% | -10.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.92% | 1.86% | +19.06% |
Volatility
HDB vs. JEPQ - Volatility Comparison
HDFC Bank Limited (HDB) has a higher volatility of 7.83% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 6.27%. This indicates that HDB'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.
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Volatility by Period
| HDB | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.83% | 6.27% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 21.33% | 10.52% | +10.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.75% | 13.06% | +11.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.87% | 16.78% | +10.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.09% | 16.78% | +12.31% |
Dividends
HDB vs. JEPQ - Dividend Comparison
HDB's dividend yield for the trailing twelve months is around 4.96%, less than JEPQ's 10.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDB HDFC Bank Limited | 4.96% | 2.32% | 2.19% | 2.06% | 1.70% | 0.81% | 0.00% | 0.17% | 0.55% | 0.49% | 0.66% | 0.58% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.25% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HDB and JEPQ have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDB has higher volatility (7.83%) compared to JEPQ (6.27%). In terms of maximum drawdown, HDB dropped -67.93% vs JEPQ's -20.07%.
JEPQ currently has the higher Sharpe Ratio (1.81 vs -1.18), 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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