IQQQ vs. JEPQ
Compare and contrast key facts about ProShares Nasdaq-100 High Income ETF (IQQQ) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
IQQQ and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQQQ is a passively managed fund by ProShares that tracks the performance of the Nasdaq-100 Daily Covered Call Index. It was launched on Mar 18, 2024. 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: IQQQ or JEPQ.
Correlation
The correlation between IQQQ and JEPQ is 0.94, 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
IQQQ vs. JEPQ - Performance Comparison
Key characteristics
IQQQ:
0.32
JEPQ:
0.48
IQQQ:
0.54
JEPQ:
0.80
IQQQ:
1.08
JEPQ:
1.12
IQQQ:
0.34
JEPQ:
0.48
IQQQ:
1.07
JEPQ:
1.87
IQQQ:
6.47%
JEPQ:
5.20%
IQQQ:
21.76%
JEPQ:
20.43%
IQQQ:
-20.41%
JEPQ:
-20.07%
IQQQ:
-15.11%
JEPQ:
-11.79%
Returns By Period
In the year-to-date period, IQQQ achieves a -10.88% return, which is significantly lower than JEPQ's -7.74% return.
IQQQ
-10.88%
-8.31%
-8.01%
4.82%
N/A
N/A
JEPQ
-7.74%
-5.27%
-3.37%
7.78%
N/A
N/A
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IQQQ vs. JEPQ - Expense Ratio Comparison
IQQQ has a 0.55% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
IQQQ vs. JEPQ — Risk-Adjusted Performance Rank
IQQQ
JEPQ
IQQQ vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 High Income ETF (IQQQ) 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
IQQQ vs. JEPQ - Dividend Comparison
IQQQ's dividend yield for the trailing twelve months is around 12.96%, more than JEPQ's 11.39% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
IQQQ ProShares Nasdaq-100 High Income ETF | 12.96% | 7.27% | 0.00% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 11.39% | 9.65% | 10.02% | 9.44% |
Drawdowns
IQQQ vs. JEPQ - Drawdown Comparison
The maximum IQQQ drawdown since its inception was -20.41%, roughly equal to the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for IQQQ and JEPQ. For additional features, visit the drawdowns tool.
Volatility
IQQQ vs. JEPQ - Volatility Comparison
The current volatility for ProShares Nasdaq-100 High Income ETF (IQQQ) is 12.94%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 14.74%. This indicates that IQQQ 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.