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 correlation of 0.94 suggests significant overlap in exposure. 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 9.54% return, which is significantly lower than BALQ's 22.89% return.
JEPQ
- 1D
- -0.10%
- 1M
- 4.31%
- YTD
- 9.54%
- 6M
- 9.75%
- 1Y
- 29.00%
- 3Y*
- 20.92%
- 5Y*
- —
- 10Y*
- —
BALQ
- 1D
- -0.21%
- 1M
- 11.15%
- YTD
- 22.89%
- 6M
- 22.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEPQ vs. BALQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.54% | 0.19% |
BALQ iShares Nasdaq Premium Income Active ETF | 22.89% | -0.49% |
Correlation
The correlation between JEPQ and BALQ is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025 | 0.94 |
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Return for Risk
JEPQ vs. BALQ — Risk / Return Rank
JEPQ
BALQ
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.
| JEPQ | BALQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.49 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | — | — |
| Martin ratioReturn relative to average drawdown | 16.22 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JEPQ | BALQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 2.81 | -1.81 |
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 | -0.10% | -0.21% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -2.37% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | — | — |
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 | 1.26% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.07% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 18.03% | -6.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.61% | 18.03% | -1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 18.03% | -1.42% |
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 10.07%, more than BALQ's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BALQ iShares Nasdaq Premium Income Active ETF | 4.59% | 0.95% | 0.00% | 0.00% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.07% | 10.53% | 9.65% | 10.03% | 9.44% |
Frequently Asked Questions
With a correlation of 0.94, 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 10.07%, compared with 4.59% for BALQ.
They also come from different issuers: JPMorgan and iShares.
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