JEPQ vs. ECH

Last updated Jun 20, 2026

JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and ECH (iShares MSCI Chile ETF) are both exchange-traded funds - JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while ECH is a Foreign Large Cap Equities fund tracking the MSCI Chile Investable Market Index. Both are passively managed. Over the past 3 years, JEPQ returned 20.83%/yr vs 14.33%/yr for ECH. At a 0.41 correlation, their price movements are largely independent. JEPQ charges 0.35%/yr vs 0.59%/yr for ECH.

Performance

JEPQ vs. ECH - Performance Comparison

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

Returns By Period

In the year-to-date period, JEPQ achieves a 10.52% return, which is significantly higher than ECH's 2.23% return.

JEPQ

• 1D: 1.61%
• 1M: 3.22%
• YTD: 10.52%
• 6M: 10.65%
• 1Y: 29.09%
• 3Y*: 20.83%
• 5Y*: —
• 10Y*: —

ECH

• 1D: -0.85%
• 1M: 1.75%
• YTD: 2.23%
• 6M: 5.27%
• 1Y: 36.61%
• 3Y*: 14.33%
• 5Y*: 12.22%
• 10Y*: 4.44%

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

JEPQ vs. ECH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.52%	15.18%	24.85%	36.28%	-11.16%
ECH iShares MSCI Chile ETF	2.23%	65.41%	-8.67%	9.01%	12.94%

Correlation

The correlation between JEPQ and ECH is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.41

The correlation between JEPQ and ECH shifts across timeframes, from 0.40 (3 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.

JEPQ vs. ECH - Sectors Allocation Comparison

Sectors	JEPQ	ECH
Technology	58.9%	-
Communication Services	13.9%	1.7%
Consumer Cyclical	11.8%	12.4%
Consumer Defensive	6.0%	7.6%
Healthcare	3.9%	-
Industrials	2.8%	15.7%
Utilities	1.1%	12.9%
Basic Materials	0.9%	20.1%
Financial Services	0.3%	21.8%
Energy	0.3%	-
Real Estate	0.2%	7.7%

Return for Risk

JEPQ vs. ECH — Risk / Return Rank

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

JEPQ

JEPQ Risk / Return Rank: 76
JEPQ Sharpe Ratio Rank: 76
JEPQ Sortino Ratio Rank: 72
JEPQ Omega Ratio Rank: 81
JEPQ Calmar Ratio Rank: 69
JEPQ Martin Ratio Rank: 82

ECH

ECH Risk / Return Rank: 39
ECH Sharpe Ratio Rank: 43
ECH Sortino Ratio Rank: 40
ECH Omega Ratio Rank: 39
ECH Calmar Ratio Rank: 39
ECH Martin Ratio Rank: 32

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. ECH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and iShares MSCI Chile ETF (ECH). 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	ECH	Difference
Sharpe ratio: Return per unit of total volatility	2.28	1.44	+0.84
Sortino ratio: Return per unit of downside risk	3.02	1.99	+1.03
Omega ratio: Gain probability vs. loss probability	1.45	1.25	+0.20
Calmar ratio: Return relative to maximum drawdown	3.31	1.86	+1.45
Martin ratio: Return relative to average drawdown	15.77	4.41	+11.36

JEPQ vs. ECH - Sharpe Ratio Comparison

The current JEPQ Sharpe Ratio is 2.28, which is higher than the ECH Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of JEPQ and ECH, 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. ECH - Drawdown Comparison

The maximum JEPQ drawdown since its inception was -20.07%, smaller than the maximum ECH drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for JEPQ and ECH.

Drawdown Indicators

	JEPQ	ECH	Difference
Max Drawdown Largest peak-to-trough decline	-20.07%	-74.08%	+54.01%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	-19.74%	+10.92%
Max Drawdown (3Y) Largest decline over 3 years	-20.07%	-25.59%	+5.52%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.89%	—
Current Drawdown Current decline from peak	0.00%	-24.03%	+24.03%
Average Drawdown Average peak-to-trough decline	-3.40%	-37.48%	+34.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	8.33%	-6.48%

Volatility

JEPQ vs. ECH - Volatility Comparison

The current volatility for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is 5.70%, while iShares MSCI Chile ETF (ECH) has a volatility of 9.09%. This indicates that JEPQ experiences smaller price fluctuations and is considered to be less risky than ECH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEPQ	ECH	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.70%	9.09%	-3.39%
Volatility (6M) Calculated over the trailing 6-month period	10.49%	21.20%	-10.71%
Volatility (1Y) Calculated over the trailing 1-year period	12.83%	25.51%	-12.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.76%	27.63%	-10.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.76%	27.27%	-10.51%

JEPQ vs. ECH - Expense Ratio Comparison

JEPQ has a 0.35% expense ratio, which is lower than ECH's 0.59% expense ratio.

Dividends

JEPQ vs. ECH - Dividend Comparison

JEPQ's dividend yield for the trailing twelve months is around 9.98%, more than ECH's 1.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ECH iShares MSCI Chile ETF	1.93%	2.01%	3.12%	4.77%	6.73%	5.49%	2.16%	2.47%	2.37%	1.42%	1.85%	2.13%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.98%	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 ECH in my portfolio?

JEPQ and ECH have a correlation of 0.50, 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 ECH?

ECH has higher volatility (9.09%) compared to JEPQ (5.70%). In terms of maximum drawdown, JEPQ dropped -20.07% vs ECH's -74.08%.

Which ETF is better, JEPQ or ECH?

On 3-year performance, JEPQ leads with 20.83% vs 14.33% for ECH. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JEPQ has been the lower-risk option at 5.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JEPQ or ECH?

Over the 3-year period, JEPQ has performed better with a 20.83% return vs 14.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JEPQ or ECH?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.59% for ECH.

Which ETF pays a higher dividend yield, JEPQ or ECH?

JEPQ has the higher dividend yield at 9.98%, compared with 1.93% for ECH.

What is the main difference between JEPQ and ECH?

JEPQ is categorized as Nasdaq-100, while ECH is Foreign Large Cap Equities. JEPQ tracks Nasdaq-100 Index, while ECH tracks MSCI Chile Investable Market Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JEPQ and 0.59% for ECH.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.28 vs 1.44), 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.