JEPQ vs. BALQ
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and BALQ (iShares Nasdaq Premium Income Active ETF) are both Nasdaq-100 funds. JEPQ is passively managed, while BALQ is actively managed. Their 0.96 correlation means they have historically moved very closely together. Both charge a 0.35% expense ratio.
Performance
JEPQ vs. BALQ - Performance Comparison
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Returns By Period
In the year-to-date period, JEPQ achieves a 7.51% return, which is significantly lower than BALQ's 18.43% return.
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%
BALQ
- 1D
- 1.88%
- 1M
- 0.07%
- 6M
- 14.80%
- YTD
- 18.43%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $313.33K | $255.38K | $181.78K | |
| $489.18M | $434.68M | $428.59M |
JEPQ vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 7.51% | 0.36% |
BALQ iShares Nasdaq Premium Income Active ETF | 18.43% | 0.04% |
Correlation
The correlation between JEPQ and BALQ is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025 | 0.96 |
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Return for Risk
JEPQ vs. BALQ — Risk / Return Rank
JEPQ
BALQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JEPQ vs. BALQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and iShares Nasdaq Premium Income Active ETF (BALQ). 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.
| JEPQ | BALQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | — | — |
| Martin ratioReturn relative to average drawdown | 9.91 | — | — |
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Drawdowns
JEPQ vs. BALQ - Drawdown Comparison
The maximum JEPQ drawdown since its inception was -20.07%, which is greater than BALQ's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for JEPQ and BALQ.
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Drawdown Indicators
| JEPQ | BALQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.07% | -11.79% | -8.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -20.07% | — | — |
Current DrawdownCurrent decline from peak | -2.91% | -3.83% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -2.73% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | — | — |
Volatility
JEPQ vs. BALQ - Volatility Comparison
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Volatility by Period
| JEPQ | BALQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.20% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 21.56% | -6.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 21.56% | -4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 21.56% | -4.66% |
JEPQ vs. BALQ - Expense Ratio Comparison
Both JEPQ and BALQ have an expense ratio of 0.35%.
Dividends
JEPQ vs. BALQ - Dividend Comparison
JEPQ's dividend yield for the trailing twelve months is around 11.18%, more than BALQ's 7.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 7.05% | 0.95% | 0.00% | 0.00% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 11.18% | 10.53% | 9.65% | 10.03% | 9.44% |
Frequently Asked Questions
With a correlation of 0.96, JEPQ and BALQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JEPQ and BALQ have the same expense ratio: 0.35% per year.
JEPQ has the higher dividend yield at 11.18%, compared with 7.05% for BALQ.
They also come from different issuers: JPMorgan and iShares.
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