JAVA vs. JEPQ

Last updated Aug 4, 2026

JAVA (JPMorgan Active Value ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - JAVA is a Large Cap Value Equities fund actively managed by JPMorgan, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. JAVA is actively managed, while JEPQ is passively managed. Over the past 3 years, JAVA returned 17.04%/yr vs 18.60%/yr for JEPQ. Their 0.65 correlation means they have sometimes moved together and sometimes differently. JAVA charges 0.44%/yr vs 0.35%/yr for JEPQ.

Performance

JAVA vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Active Value ETF (JAVA) 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, JAVA achieves a 15.92% return, which is significantly higher than JEPQ's 7.51% return.

JAVA

• 1D: 1.37%
• 1M: 3.12%
• 6M: 10.00%
• YTD: 15.92%
• 1Y: 29.39%
• 3Y*: 17.04%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.55%

JEPQ

• 1D: 1.38%
• 1M: -0.56%
• 6M: 4.41%
• YTD: 7.51%
• 1Y: 21.24%
• 3Y*: 18.60%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JAVA JPMorgan Active Value ETF	$49.91M	$37.11M	$35.86M
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	$489.18M	$434.68M	$428.59M

JAVA vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JAVA JPMorgan Active Value ETF	15.92%	14.92%	15.52%	10.46%	0.66%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.51%	15.18%	24.85%	36.28%	-11.16%

Correlation

The correlation between JAVA and JEPQ is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (3Y) Balances recent behavior with more history.	0.59
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.65

The correlation between JAVA and JEPQ has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.

JAVA vs. JEPQ - Sectors Allocation Comparison

Sectors	JAVA	JEPQ
Technology	19.3%	60.6%
Financial Services	19.0%	0.3%
Healthcare	13.6%	4.0%
Consumer Cyclical	13.2%	11.1%
Industrials	12.8%	3.0%
Communication Services	4.5%	12.8%
Utilities	3.8%	1.0%
Consumer Defensive	3.7%	5.8%
Real Estate	3.5%	0.2%
Energy	3.3%	0.3%
Basic Materials	3.2%	0.9%

Return for Risk

JAVA vs. JEPQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JAVA

JAVA Risk / Return Rank: 90
JAVA Sharpe Ratio Rank: 93
JAVA Sortino Ratio Rank: 93
JAVA Omega Ratio Rank: 91
JAVA Calmar Ratio Rank: 87
JAVA Martin Ratio Rank: 87

JEPQ

JEPQ Risk / Return Rank: 66
JEPQ Sharpe Ratio Rank: 61
JEPQ Sortino Ratio Rank: 59
JEPQ Omega Ratio Rank: 64
JEPQ Calmar Ratio Rank: 69
JEPQ Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JAVA vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active Value ETF (JAVA) 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.

	JAVA	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	2.55	1.46	+1.09
Sortino ratio: Return per unit of downside risk	3.56	2.04	+1.53
Omega ratio: Gain probability vs. loss probability	1.45	1.28	+0.17
Calmar ratio: Return relative to maximum drawdown	3.56	2.42	+1.14
Martin ratio: Return relative to average drawdown	13.50	9.91	+3.59

JAVA vs. JEPQ - Sharpe Ratio Comparison

The current JAVA Sharpe Ratio is 2.55, which is higher than the JEPQ Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of JAVA 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

JAVA vs. JEPQ - Drawdown Comparison

The maximum JAVA drawdown since its inception was -16.54%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for JAVA and JEPQ.

Drawdown Indicators

	JAVA	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-16.54%	-20.07%	+3.53%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-8.82%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-16.54%	-20.07%	+3.53%
Current Drawdown Current decline from peak	0.00%	-2.91%	+2.91%
Average Drawdown Average peak-to-trough decline	-3.52%	-3.38%	-0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	2.15%	+0.03%

Volatility

JAVA vs. JEPQ - Volatility Comparison

The current volatility for JPMorgan Active Value ETF (JAVA) is 3.28%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.14%. This indicates that JAVA 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.

Volatility by Period

	JAVA	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	6.14%	-2.86%
Volatility (6M) Calculated over the trailing 6-month period	8.71%	12.20%	-3.49%
Volatility (1Y) Calculated over the trailing 1-year period	11.62%	14.64%	-3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.73%	16.90%	-2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.73%	16.90%	-2.17%

JAVA vs. JEPQ - Expense Ratio Comparison

JAVA has a 0.44% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

JAVA vs. JEPQ - Dividend Comparison

JAVA's dividend yield for the trailing twelve months is around 1.16%, less than JEPQ's 11.18% yield.

Position	TTM	2025	2024	2023	2022	2021
JAVA JPMorgan Active Value ETF	1.16%	1.34%	1.45%	1.65%	1.25%	0.48%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	11.18%	10.53%	9.65%	10.03%	9.44%	0.00%

Frequently Asked Questions

Can I hold both JAVA and JEPQ in my portfolio?

JAVA and JEPQ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JAVA or JEPQ?

JEPQ has higher volatility (6.14%) compared to JAVA (3.28%). In terms of maximum drawdown, JAVA dropped -16.54% vs JEPQ's -20.07%.

Which ETF is better, JAVA or JEPQ?

On 3-year performance, JEPQ leads with 18.60% vs 17.04% for JAVA. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JAVA has been the lower-risk option at 3.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JAVA or JEPQ?

Over the 3-year period, JEPQ has performed better with a 18.60% return vs 17.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JAVA or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.44% for JAVA.

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

JEPQ has the higher dividend yield at 11.18%, compared with 1.16% for JAVA.

What is the main difference between JAVA and JEPQ?

JAVA is categorized as Large Cap Value Equities, while JEPQ is Nasdaq-100. Their fees differ too: 0.44% for JAVA and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JAVA currently has the higher Sharpe Ratio (2.55 vs 1.46), 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.