JEPQ vs. DVN

Last updated Jun 14, 2026

JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) is Nasdaq-100 fund tracking the Nasdaq-100 Index, while DVN (Devon Energy Corporation) is a stock. Over the past 3 years, JEPQ returned 19.91%/yr vs -0.45%/yr for DVN. At a 0.17 correlation, their price movements are largely independent.

Performance

JEPQ vs. DVN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Devon Energy Corporation (DVN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEPQ achieves a 7.85% return, which is significantly lower than DVN's 24.34% return.

JEPQ

• 1D: 0.62%
• 1M: 0.68%
• YTD: 7.85%
• 6M: 8.80%
• 1Y: 26.60%
• 3Y*: 19.91%
• 5Y*: —
• 10Y*: —

DVN

• 1D: 1.57%
• 1M: -3.39%
• YTD: 24.34%
• 6M: 22.17%
• 1Y: 35.40%
• 3Y*: -0.45%
• 5Y*: 14.12%
• 10Y*: 6.14%

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

JEPQ vs. DVN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.85%	15.18%	24.85%	36.28%	-11.16%
DVN Devon Energy Corporation	24.34%	15.03%	-25.21%	-23.08%	1.68%

Correlation

The correlation between JEPQ and DVN is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.17

The correlation between JEPQ and DVN shifts across timeframes, from -0.15 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JEPQ vs. DVN — Risk / Return Rank

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

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 73
JEPQ Sortino Ratio Rank: 69
JEPQ Omega Ratio Rank: 79
JEPQ Calmar Ratio Rank: 66
JEPQ Martin Ratio Rank: 81

DVN

DVN Risk / Return Rank: 73
DVN Sharpe Ratio Rank: 75
DVN Sortino Ratio Rank: 69
DVN Omega Ratio Rank: 67
DVN Calmar Ratio Rank: 79
DVN Martin Ratio Rank: 78

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. DVN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Devon Energy Corporation (DVN). 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	DVN	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.04	+0.99
Sortino ratio: Return per unit of downside risk	2.69	1.56	+1.13
Omega ratio: Gain probability vs. loss probability	1.40	1.19	+0.21
Calmar ratio: Return relative to maximum drawdown	2.91	2.31	+0.59
Martin ratio: Return relative to average drawdown	13.84	5.17	+8.66

JEPQ vs. DVN - Sharpe Ratio Comparison

The current JEPQ Sharpe Ratio is 2.03, which is higher than the DVN Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of JEPQ and DVN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JEPQ vs. DVN - Drawdown Comparison

The maximum JEPQ drawdown since its inception was -20.07%, smaller than the maximum DVN drawdown of -94.93%. Use the drawdown chart below to compare losses from any high point for JEPQ and DVN.

Drawdown Indicators

	JEPQ	DVN	Difference
Max Drawdown Largest peak-to-trough decline	-20.07%	-94.93%	+74.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	-15.36%	+6.54%
Max Drawdown (3Y) Largest decline over 3 years	-20.07%	-49.22%	+29.15%
Max Drawdown (5Y) Largest decline over 5 years	—	-61.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-88.51%	—
Current Drawdown Current decline from peak	-1.64%	-42.02%	+40.38%
Average Drawdown Average peak-to-trough decline	-3.41%	-35.93%	+32.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	6.86%	-5.01%

Volatility

JEPQ vs. DVN - Volatility Comparison

The current volatility for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is 4.98%, while Devon Energy Corporation (DVN) has a volatility of 12.66%. This indicates that JEPQ experiences smaller price fluctuations and is considered to be less risky than DVN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEPQ	DVN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	12.66%	-7.68%
Volatility (6M) Calculated over the trailing 6-month period	10.22%	26.63%	-16.41%
Volatility (1Y) Calculated over the trailing 1-year period	12.61%	34.17%	-21.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	41.13%	-24.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	49.62%	-32.89%

Dividends

JEPQ vs. DVN - Dividend Comparison

JEPQ's dividend yield for the trailing twelve months is around 10.22%, more than DVN's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVN Devon Energy Corporation	1.59%	2.62%	4.43%	4.55%	8.41%	5.24%	4.30%	1.35%	1.33%	0.58%	0.92%	3.00%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.22%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JEPQ and DVN in my portfolio?

JEPQ and DVN have a correlation of -0.15, 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 DVN?

DVN has higher volatility (12.66%) compared to JEPQ (4.98%). In terms of maximum drawdown, JEPQ dropped -20.07% vs DVN's -94.93%.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.03 vs 1.04), 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.