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JEPI vs. JEPQ

Last updated Dec 2, 2023

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


JEPIJEPQ
YTD Return8.12%32.41%
1Y Return6.09%24.38%
Sharpe Ratio0.671.93
Daily Std Dev9.00%12.59%
Max Drawdown-13.71%-16.82%

Correlation

0.75
-1.001.00

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.


-2.00%0.00%2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
4.28%
9.08%
JEPI
JEPQ

Compare stocks, funds, or ETFs


JPMorgan Equity Premium Income ETF

JPMorgan Nasdaq Equity Premium Income ETF

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.


TTM202220212020
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

Both JEPI and JEPQ have an expense ratio of 0.35%.

0.35%
0.00%2.15%

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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
JEPI
JPMorgan Equity Premium Income ETF
0.67
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF
1.93

JEPI vs. JEPQ - Sharpe Ratio Comparison

The current JEPI Sharpe Ratio is 0.67, which is lower than the JEPQ Sharpe Ratio of 1.93. The chart below compares the 12-month rolling Sharpe Ratio of JEPI and JEPQ.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
0.67
1.93
JEPI
JEPQ

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


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.29%
-0.95%
JEPI
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.


1.00%2.00%3.00%4.00%5.00%JulyAugustSeptemberOctoberNovemberDecember
1.57%
2.19%
JEPI
JEPQ