IBBQ vs. JEPQ

Last updated Jun 16, 2026

IBBQ (Invesco Nasdaq Biotechnology ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - IBBQ is a Health & Biotech Equities fund tracking the NASDAQ / Biotechnology, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, IBBQ returned 13.02%/yr vs 20.72%/yr for JEPQ. A 0.50 correlation means they provide meaningful diversification when combined. IBBQ charges 0.00%/yr vs 0.35%/yr for JEPQ.

Performance

IBBQ vs. JEPQ - Performance Comparison

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

Returns By Period

In the year-to-date period, IBBQ achieves a 4.83% return, which is significantly lower than JEPQ's 10.23% return.

IBBQ

• 1D: 0.54%
• 1M: 2.51%
• YTD: 4.83%
• 6M: 4.79%
• 1Y: 40.36%
• 3Y*: 13.02%
• 5Y*: 4.49%
• 10Y*: —

JEPQ

• 1D: 2.21%
• 1M: 3.31%
• YTD: 10.23%
• 6M: 11.56%
• 1Y: 29.39%
• 3Y*: 20.72%
• 5Y*: —
• 10Y*: —

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

IBBQ vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IBBQ Invesco Nasdaq Biotechnology ETF	4.83%	33.32%	-0.63%	4.73%	10.31%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.23%	15.18%	24.85%	36.28%	-11.16%

Correlation

The correlation between IBBQ and JEPQ is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.50

The correlation between IBBQ and JEPQ shifts across timeframes, from 0.39 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

IBBQ vs. JEPQ - Sectors Allocation Comparison

Sectors	IBBQ	JEPQ
Healthcare	99.9%	3.9%
Financial Services	0.1%	0.3%
Basic Materials	-	0.9%
Communication Services	-	13.9%
Consumer Cyclical	-	11.8%
Consumer Defensive	-	6.0%
Energy	-	0.3%
Industrials	-	2.8%
Real Estate	-	0.2%
Technology	-	58.9%
Utilities	-	1.1%

Return for Risk

IBBQ vs. JEPQ — Risk / Return Rank

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

IBBQ

IBBQ Risk / Return Rank: 74
IBBQ Sharpe Ratio Rank: 68
IBBQ Sortino Ratio Rank: 69
IBBQ Omega Ratio Rank: 61
IBBQ Calmar Ratio Rank: 89
IBBQ Martin Ratio Rank: 84

JEPQ

JEPQ Risk / Return Rank: 81
JEPQ Sharpe Ratio Rank: 81
JEPQ Sortino Ratio Rank: 77
JEPQ Omega Ratio Rank: 85
JEPQ Calmar Ratio Rank: 73
JEPQ Martin Ratio Rank: 86

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.

IBBQ vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) 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.

	IBBQ	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.31	-0.29
Sortino ratio: Return per unit of downside risk	2.85	3.06	-0.20
Omega ratio: Gain probability vs. loss probability	1.33	1.46	-0.13
Calmar ratio: Return relative to maximum drawdown	4.86	3.35	+1.52
Martin ratio: Return relative to average drawdown	15.49	15.94	-0.45

IBBQ vs. JEPQ - Sharpe Ratio Comparison

The current IBBQ Sharpe Ratio is 2.02, which is comparable to the JEPQ Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of IBBQ and JEPQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IBBQ vs. JEPQ - Drawdown Comparison

The maximum IBBQ drawdown since its inception was -37.94%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for IBBQ and JEPQ.

Drawdown Indicators

	IBBQ	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-37.94%	-20.07%	-17.87%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-8.82%	+0.48%
Max Drawdown (3Y) Largest decline over 3 years	-23.66%	-20.07%	-3.59%
Max Drawdown (5Y) Largest decline over 5 years	-37.94%	—	—
Current Drawdown Current decline from peak	-2.45%	0.00%	-2.45%
Average Drawdown Average peak-to-trough decline	-16.73%	-3.41%	-13.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	1.85%	+0.77%

Volatility

IBBQ vs. JEPQ - Volatility Comparison

Invesco Nasdaq Biotechnology ETF (IBBQ) has a higher volatility of 7.73% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 5.42%. This indicates that IBBQ'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.

Volatility by Period

	IBBQ	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.73%	5.42%	+2.31%
Volatility (6M) Calculated over the trailing 6-month period	15.61%	10.44%	+5.17%
Volatility (1Y) Calculated over the trailing 1-year period	20.08%	12.78%	+7.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.90%	16.76%	+5.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.89%	16.76%	+5.13%

IBBQ vs. JEPQ - Expense Ratio Comparison

IBBQ has a 0.00% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

IBBQ vs. JEPQ - Dividend Comparison

IBBQ's dividend yield for the trailing twelve months is around 0.84%, less than JEPQ's 10.00% yield.

Position	TTM	2025	2024	2023	2022	2021
IBBQ Invesco Nasdaq Biotechnology ETF	0.84%	0.90%	1.14%	0.81%	0.76%	0.63%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.00%	10.53%	9.65%	10.03%	9.44%	0.00%

Frequently Asked Questions

Can I hold both IBBQ and JEPQ in my portfolio?

IBBQ and JEPQ have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBBQ or JEPQ?

IBBQ has higher volatility (7.73%) compared to JEPQ (5.42%). In terms of maximum drawdown, IBBQ dropped -37.94% vs JEPQ's -20.07%.

Which ETF is better, IBBQ or JEPQ?

On 3-year performance, JEPQ leads with 20.72% vs 13.02% for IBBQ. On fees, IBBQ is cheaper at 0.00% per year. On volatility, JEPQ has been the lower-risk option at 5.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBBQ or JEPQ?

Over the 3-year period, JEPQ has performed better with a 20.72% return vs 13.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBBQ or JEPQ?

IBBQ is cheaper with a 0.00% expense ratio, compared with 0.35% for JEPQ.

Which ETF pays a higher dividend yield, IBBQ or JEPQ?

JEPQ has the higher dividend yield at 10.00%, compared with 0.84% for IBBQ.

What is the main difference between IBBQ and JEPQ?

IBBQ is categorized as Health & Biotech Equities, while JEPQ is Nasdaq-100. IBBQ tracks NASDAQ / Biotechnology, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.00% for IBBQ and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.31 vs 2.02), 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.