JEPQ vs. BRK-B

Last updated Jun 6, 2026

JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) is Nasdaq-100 fund tracking the Nasdaq-100 Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 3 years, JEPQ returned 19.56%/yr vs 13.55%/yr for BRK-B. At a 0.37 correlation, their price movements are largely independent.

Performance

JEPQ vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEPQ achieves a 6.12% return, which is significantly higher than BRK-B's -2.89% return.

JEPQ

• 1D: -3.01%
• 1M: 0.08%
• YTD: 6.12%
• 6M: 5.89%
• 1Y: 25.16%
• 3Y*: 19.56%
• 5Y*: —
• 10Y*: —

BRK-B

• 1D: 1.98%
• 1M: 3.90%
• YTD: -2.89%
• 6M: -3.21%
• 1Y: -0.12%
• 3Y*: 13.55%
• 5Y*: 10.78%
• 10Y*: 13.19%

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

JEPQ vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	6.12%	15.18%	24.85%	36.28%	-12.89%
BRK-B Berkshire Hathaway Inc.	-2.89%	10.89%	27.09%	15.46%	-5.48%

Correlation

The correlation between JEPQ and BRK-B is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.37

The correlation between JEPQ and BRK-B shifts across timeframes, from -0.01 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JEPQ vs. BRK-B — Risk / Return Rank

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

JEPQ

JEPQ Risk / Return Rank: 65
JEPQ Sharpe Ratio Rank: 64
JEPQ Sortino Ratio Rank: 58
JEPQ Omega Ratio Rank: 71
JEPQ Calmar Ratio Rank: 59
JEPQ Martin Ratio Rank: 75

BRK-B

BRK-B Risk / Return Rank: 38
BRK-B Sharpe Ratio Rank: 41
BRK-B Sortino Ratio Rank: 33
BRK-B Omega Ratio Rank: 32
BRK-B Calmar Ratio Rank: 41
BRK-B Martin Ratio Rank: 41

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 vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Berkshire Hathaway Inc. (BRK-B). 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	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	2.09	-0.01	+2.09
Sortino ratio: Return per unit of downside risk	2.73	0.09	+2.64
Omega ratio: Gain probability vs. loss probability	1.41	1.01	+0.40
Calmar ratio: Return relative to maximum drawdown	2.87	-0.01	+2.88
Martin ratio: Return relative to average drawdown	13.99	-0.03	+14.01
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 vs. BRK-B - Sharpe Ratio Comparison

The current JEPQ Sharpe Ratio is 2.09, which is higher than the BRK-B Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of JEPQ and BRK-B, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JEPQ	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	-0.01	+2.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.63	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.48	+0.46

Drawdowns

JEPQ vs. BRK-B - Drawdown Comparison

The maximum JEPQ drawdown since its inception was -20.07%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for JEPQ and BRK-B.

Drawdown Indicators

	JEPQ	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-20.07%	-53.86%	+33.79%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	-9.42%	+0.60%
Max Drawdown (3Y) Largest decline over 3 years	-20.07%	-14.95%	-5.12%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	-3.22%	-9.57%	+6.35%
Average Drawdown Average peak-to-trough decline	-3.42%	-11.07%	+7.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	4.47%	-2.67%

Volatility

JEPQ vs. BRK-B - Volatility Comparison

The current volatility for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is 3.44%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 4.08%. This indicates that JEPQ experiences smaller price fluctuations and is considered to be less risky than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEPQ	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.44%	4.08%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	9.59%	10.87%	-1.28%
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	14.39%	-2.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.66%	17.13%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.66%	19.43%	-2.77%

Dividends

JEPQ vs. BRK-B - Dividend Comparison

JEPQ's dividend yield for the trailing twelve months is around 10.39%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%	0.00%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.39%	10.53%	9.65%	10.03%	9.44%

Frequently Asked Questions

Can I hold both JEPQ and BRK-B in my portfolio?

JEPQ and BRK-B have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JEPQ or BRK-B?

BRK-B has higher volatility (4.08%) compared to JEPQ (3.44%). In terms of maximum drawdown, JEPQ dropped -20.07% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.08 vs -0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.