JCHI vs. JEPQ

Last updated Jun 5, 2026

JCHI (JPMorgan Active China ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - JCHI is a China Equities fund actively managed by JPMorgan, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. JCHI is actively managed, while JEPQ is passively managed. Over the past 3 years, JCHI returned 8.99%/yr vs 20.81%/yr for JEPQ. At a 0.35 correlation, their price movements are largely independent. JCHI charges 0.65%/yr vs 0.35%/yr for JEPQ.

Performance

JCHI vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Active China ETF (JCHI) 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, JCHI achieves a 0.50% return, which is significantly lower than JEPQ's 9.42% return.

JCHI

• 1D: -0.09%
• 1M: -0.31%
• YTD: 0.50%
• 6M: -0.36%
• 1Y: 16.23%
• 3Y*: 8.99%
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: -0.12%
• 1M: 3.79%
• YTD: 9.42%
• 6M: 9.57%
• 1Y: 28.59%
• 3Y*: 20.81%
• 5Y*: —
• 10Y*: —

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

JCHI vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JCHI JPMorgan Active China ETF	0.50%	27.66%	13.77%	-17.06%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.42%	15.18%	24.85%	24.92%

Correlation

The correlation between JCHI and JEPQ is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (All Time) Calculated using the full available price history since Mar 17, 2023	0.35

The correlation between JCHI and JEPQ shifts across timeframes, from 0.35 (3 years) to 0.49 (1 year), reflecting how their relationship changes across market environments.

JCHI vs. JEPQ - Sectors Allocation Comparison

Sectors	JCHI	JEPQ
Consumer Cyclical	20.6%	12.8%
Financial Services	20.6%	0.4%
Technology	14.7%	54.0%
Communication Services	14.5%	15.4%
Industrials	10.7%	3.1%
Basic Materials	6.7%	1.0%
Healthcare	4.7%	4.4%
Consumer Defensive	4.1%	7.1%
Energy	3.3%	0.4%
Real Estate	-	0.2%
Utilities	-	1.3%

Return for Risk

JCHI vs. JEPQ — Risk / Return Rank

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

JCHI

JCHI Risk / Return Rank: 25
JCHI Sharpe Ratio Rank: 26
JCHI Sortino Ratio Rank: 26
JCHI Omega Ratio Rank: 26
JCHI Calmar Ratio Rank: 25
JCHI Martin Ratio Rank: 22

JEPQ

JEPQ Risk / Return Rank: 76
JEPQ Sharpe Ratio Rank: 77
JEPQ Sortino Ratio Rank: 73
JEPQ Omega Ratio Rank: 81
JEPQ Calmar Ratio Rank: 66
JEPQ Martin Ratio Rank: 82

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.

JCHI vs. JEPQ - Risk-Adjusted Trends Comparison

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

	JCHI	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	0.93	2.45	-1.52
Sortino ratio: Return per unit of downside risk	1.40	3.25	-1.85
Omega ratio: Gain probability vs. loss probability	1.17	1.48	-0.31
Calmar ratio: Return relative to maximum drawdown	1.13	3.26	-2.12
Martin ratio: Return relative to average drawdown	2.74	15.99	-13.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JCHI vs. JEPQ - Sharpe Ratio Comparison

The current JCHI Sharpe Ratio is 0.93, which is lower than the JEPQ Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of JCHI 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.

Sharpe Ratios by Period

	JCHI	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	2.45	-1.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	1.00	-0.75

Drawdowns

JCHI vs. JEPQ - Drawdown Comparison

The maximum JCHI drawdown since its inception was -29.57%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for JCHI and JEPQ.

Drawdown Indicators

	JCHI	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-29.57%	-20.07%	-9.50%
Max Drawdown (1Y) Largest decline over 1 year	-14.37%	-8.82%	-5.55%
Max Drawdown (3Y) Largest decline over 3 years	-27.47%	-20.07%	-7.40%
Current Drawdown Current decline from peak	-7.41%	-0.21%	-7.20%
Average Drawdown Average peak-to-trough decline	-13.33%	-3.42%	-9.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.93%	1.79%	+4.14%

Volatility

JCHI vs. JEPQ - Volatility Comparison

JPMorgan Active China ETF (JCHI) has a higher volatility of 6.28% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.28%. This indicates that JCHI'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

	JCHI	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.28%	1.28%	+5.00%
Volatility (6M) Calculated over the trailing 6-month period	12.32%	9.06%	+3.26%
Volatility (1Y) Calculated over the trailing 1-year period	17.59%	11.72%	+5.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.86%	16.60%	+8.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.86%	16.60%	+8.26%

JCHI vs. JEPQ - Expense Ratio Comparison

JCHI has a 0.65% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

JCHI vs. JEPQ - Dividend Comparison

JCHI's dividend yield for the trailing twelve months is around 1.80%, less than JEPQ's 10.08% yield.

Position	TTM	2025	2024	2023	2022
JCHI JPMorgan Active China ETF	1.80%	1.81%	2.12%	2.13%	0.00%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.08%	10.53%	9.65%	10.03%	9.44%

Frequently Asked Questions

Can I hold both JCHI and JEPQ in my portfolio?

JCHI and JEPQ have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JCHI or JEPQ?

JCHI has higher volatility (6.28%) compared to JEPQ (1.28%). In terms of maximum drawdown, JCHI dropped -29.57% vs JEPQ's -20.07%.

Which ETF is better, JCHI or JEPQ?

On 3-year performance, JEPQ leads with 20.81% vs 8.99% for JCHI. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JEPQ has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JCHI or JEPQ?

Over the 3-year period, JEPQ has performed better with a 20.81% return vs 8.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JCHI or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.65% for JCHI.

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

JEPQ has the higher dividend yield at 10.08%, compared with 1.80% for JCHI.

What is the main difference between JCHI and JEPQ?

JCHI is categorized as China Equities, while JEPQ is Nasdaq-100. Their fees differ too: 0.65% for JCHI and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.45 vs 0.93), 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.