JEPI vs. JEPQ
Compare and contrast key facts about JPMorgan Equity Premium Income ETF (JEPI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
JEPI and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JEPI is an actively managed fund by JPMorgan Chase. It was launched on May 20, 2020. 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: JEPI or JEPQ.
Key characteristics
| JEPI | JEPQ | |
|---|---|---|
| YTD Return | 8.12% | 32.41% |
| 1Y Return | 6.09% | 24.38% |
| Sharpe Ratio | 0.67 | 1.93 |
| Daily Std Dev | 9.00% | 12.59% |
| Max Drawdown | -13.71% | -16.82% |
Correlation
The correlation between JEPI and JEPQ is 0.75, 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.
JEPI vs. JEPQ - Performance Comparison
In the year-to-date period, JEPI achieves a 8.12% return, which is significantly lower than JEPQ's 32.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JEPI vs. JEPQ - Dividend Comparison
JEPI's dividend yield for the trailing twelve months is around 8.73%, less than JEPQ's 10.60% yield.
| TTM | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.73% | 11.68% | 6.59% | 5.79% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.60% | 9.44% | 0.00% | 0.00% |
JEPI vs. JEPQ - Expense Ratio Comparison
JEPI vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 0.67 | ||||
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 1.93 |
JEPI vs. JEPQ - Drawdown Comparison
The maximum JEPI drawdown for the period was -6.71%, roughly equal to the maximum JEPQ drawdown of -6.60%. The drawdown chart below compares losses from any high point along the way for JEPI and JEPQ
JEPI vs. JEPQ - Volatility Comparison
The current volatility for JPMorgan Equity Premium Income ETF (JEPI) is 1.57%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 2.19%. This indicates that JEPI 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.