JEPQ.TO vs. HDIV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about JPMorgan Nasdaq Equity Premium Income Active ETF (JEPQ.TO) and Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO).

JEPQ.TO and HDIV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JEPQ.TO is an actively managed fund by JPMorgan. It was launched on Sep 27, 2024. HDIV.TO is an actively managed fund by Hamilton Capital. It was launched on Jul 19, 2021.

Performance

JEPQ.TO vs. HDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in JPMorgan Nasdaq Equity Premium Income Active ETF (JEPQ.TO) and Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO). The values are adjusted to include any dividend payments, if applicable.

JEPQ.TO vs. HDIV.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JEPQ.TO JPMorgan Nasdaq Equity Premium Income Active ETF	-1.52%	10.46%	15.40%
HDIV.TO Hamilton Enhanced Multi-Sector Covered Call ETF	3.20%	33.87%	2.99%

Returns By Period

In the year-to-date period, JEPQ.TO achieves a -1.52% return, which is significantly lower than HDIV.TO's 3.20% return.

JEPQ.TO

• 1D: 3.31%
• 1M: -1.63%
• YTD: -1.52%
• 6M: 1.85%
• 1Y: 16.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HDIV.TO

• 1D: 1.91%
• 1M: -4.61%
• YTD: 3.20%
• 6M: 9.39%
• 1Y: 34.41%
• 3Y*: 23.25%
• 5Y*: —
• 10Y*: —

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

JEPQ.TO vs. HDIV.TO - Expense Ratio Comparison

JEPQ.TO has a 0.35% expense ratio, which is higher than HDIV.TO's 0.00% expense ratio.

JEPQ.TO

JPMorgan Nasdaq Equity Premium Income Active ETF

HDIV.TO

Hamilton Enhanced Multi-Sector Covered Call ETF

Return for Risk

JEPQ.TO vs. HDIV.TO — Risk / Return Rank

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

JEPQ.TO

JEPQ.TO Risk / Return Rank: 52
JEPQ.TO Sharpe Ratio Rank: 47
JEPQ.TO Sortino Ratio Rank: 47
JEPQ.TO Omega Ratio Rank: 55
JEPQ.TO Calmar Ratio Rank: 55
JEPQ.TO Martin Ratio Rank: 58

HDIV.TO

HDIV.TO Risk / Return Rank: 92
HDIV.TO Sharpe Ratio Rank: 92
HDIV.TO Sortino Ratio Rank: 91
HDIV.TO Omega Ratio Rank: 95
HDIV.TO Calmar Ratio Rank: 88
HDIV.TO Martin Ratio Rank: 93

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.

JEPQ.TO vs. HDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income Active ETF (JEPQ.TO) and Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO). 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.

	JEPQ.TO	HDIV.TO	Difference
Sharpe ratio Return per unit of total volatility	0.86	2.05	-1.19
Sortino ratio Return per unit of downside risk	1.29	2.59	-1.30
Omega ratio Gain probability vs. loss probability	1.21	1.45	-0.24
Calmar ratio Return relative to maximum drawdown	1.40	2.61	-1.21
Martin ratio Return relative to average drawdown	5.82	12.70	-6.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JEPQ.TO vs. HDIV.TO - Sharpe Ratio Comparison

The current JEPQ.TO Sharpe Ratio is 0.86, which is lower than the HDIV.TO Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of JEPQ.TO and HDIV.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JEPQ.TO	HDIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	2.05	-1.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	1.11	-0.19

Correlation

The correlation between JEPQ.TO and HDIV.TO is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JEPQ.TO vs. HDIV.TO - Dividend Comparison

JEPQ.TO's dividend yield for the trailing twelve months is around 10.53%, more than HDIV.TO's 9.23% yield.

	TTM	2025	2024	2023	2022	2021
JEPQ.TO JPMorgan Nasdaq Equity Premium Income Active ETF	10.53%	10.34%	5.50%	0.00%	0.00%	0.00%
HDIV.TO Hamilton Enhanced Multi-Sector Covered Call ETF	9.23%	10.09%	11.38%	10.41%	9.64%	3.39%

Drawdowns

JEPQ.TO vs. HDIV.TO - Drawdown Comparison

The maximum JEPQ.TO drawdown since its inception was -20.05%, smaller than the maximum HDIV.TO drawdown of -22.32%. Use the drawdown chart below to compare losses from any high point for JEPQ.TO and HDIV.TO.

Drawdown Indicators

	JEPQ.TO	HDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-20.05%	-22.32%	+2.27%
Max Drawdown (1Y) Largest decline over 1 year	-11.99%	-13.77%	+1.78%
Current Drawdown Current decline from peak	-4.69%	-5.09%	+0.40%
Average Drawdown Average peak-to-trough decline	-3.68%	-4.35%	+0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	2.83%	+0.06%

Volatility

JEPQ.TO vs. HDIV.TO - Volatility Comparison

JPMorgan Nasdaq Equity Premium Income Active ETF (JEPQ.TO) and Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO) have volatilities of 5.95% and 6.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEPQ.TO	HDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.95%	6.01%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	10.78%	10.54%	+0.24%
Volatility (1Y) Calculated over the trailing 1-year period	18.97%	16.89%	+2.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.91%	15.73%	+2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.91%	15.73%	+2.18%