JEPQ vs. FEOE

Last updated Jun 13, 2026

JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and FEOE (First Eagle Overseas Equity ETF) are both exchange-traded funds - JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while FEOE is a Foreign Large Cap Equities fund actively managed by First Eagle. JEPQ is passively managed, while FEOE is actively managed. Over the past year, JEPQ returned 25.53% vs 28.89% for FEOE. A 0.55 correlation means they provide meaningful diversification when combined. JEPQ charges 0.35%/yr vs 0.50%/yr for FEOE.

Performance

JEPQ vs. FEOE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and First Eagle Overseas Equity ETF (FEOE). 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 FEOE's 11.04% return.

JEPQ

• 1D: 0.62%
• 1M: 0.88%
• YTD: 7.85%
• 6M: 8.80%
• 1Y: 25.53%
• 3Y*: 19.91%
• 5Y*: —
• 10Y*: —

FEOE

• 1D: 0.09%
• 1M: -1.29%
• YTD: 11.04%
• 6M: 12.65%
• 1Y: 28.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JEPQ vs. FEOE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.85%	15.18%	0.06%
FEOE First Eagle Overseas Equity ETF	11.04%	41.33%	-0.74%

Correlation

The correlation between JEPQ and FEOE is 0.60, 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	0.60
Correlation (All Time) Calculated using the full available price history since Dec 20, 2024	0.55

The correlation between JEPQ and FEOE has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.

JEPQ vs. FEOE - Sectors Allocation Comparison

Sectors	JEPQ	FEOE
Technology	54.0%	12.7%
Communication Services	15.4%	0.7%
Consumer Cyclical	12.8%	11.7%
Consumer Defensive	7.1%	21.4%
Healthcare	4.4%	3.8%
Industrials	3.1%	15.3%
Utilities	1.3%	-
Basic Materials	1.0%	10.4%
Energy	0.4%	8.0%
Financial Services	0.4%	13.4%
Real Estate	0.2%	2.6%

Return for Risk

JEPQ vs. FEOE — 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

FEOE

FEOE Risk / Return Rank: 60
FEOE Sharpe Ratio Rank: 67
FEOE Sortino Ratio Rank: 62
FEOE Omega Ratio Rank: 67
FEOE Calmar Ratio Rank: 53
FEOE Martin Ratio Rank: 53

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. FEOE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and First Eagle Overseas Equity ETF (FEOE). 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	FEOE	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.94	+0.09
Sortino ratio: Return per unit of downside risk	2.69	2.55	+0.15
Omega ratio: Gain probability vs. loss probability	1.40	1.35	+0.05
Calmar ratio: Return relative to maximum drawdown	2.91	2.36	+0.54
Martin ratio: Return relative to average drawdown	13.84	8.23	+5.61

JEPQ vs. FEOE - Sharpe Ratio Comparison

The current JEPQ Sharpe Ratio is 2.03, which is comparable to the FEOE Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of JEPQ and FEOE, 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. FEOE - Drawdown Comparison

The maximum JEPQ drawdown since its inception was -20.07%, which is greater than FEOE's maximum drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for JEPQ and FEOE.

Drawdown Indicators

	JEPQ	FEOE	Difference
Max Drawdown Largest peak-to-trough decline	-20.07%	-12.27%	-7.80%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	-12.27%	+3.45%
Max Drawdown (3Y) Largest decline over 3 years	-20.07%	—	—
Current Drawdown Current decline from peak	-1.64%	-3.50%	+1.86%
Average Drawdown Average peak-to-trough decline	-3.41%	-1.83%	-1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	3.53%	-1.68%

Volatility

JEPQ vs. FEOE - Volatility Comparison

JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and First Eagle Overseas Equity ETF (FEOE) have volatilities of 4.98% and 5.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEPQ	FEOE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	5.11%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	10.22%	12.96%	-2.74%
Volatility (1Y) Calculated over the trailing 1-year period	12.61%	14.99%	-2.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	15.85%	+0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	15.85%	+0.88%

JEPQ vs. FEOE - Expense Ratio Comparison

JEPQ has a 0.35% expense ratio, which is lower than FEOE's 0.50% expense ratio.

Dividends

JEPQ vs. FEOE - Dividend Comparison

JEPQ's dividend yield for the trailing twelve months is around 10.22%, more than FEOE's 1.37% yield.

Position	TTM	2025	2024	2023	2022
FEOE First Eagle Overseas Equity ETF	1.37%	1.53%	0.00%	0.00%	0.00%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.22%	10.53%	9.65%	10.03%	9.44%

Frequently Asked Questions

Can I hold both JEPQ and FEOE in my portfolio?

JEPQ and FEOE have a correlation of 0.60, 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 FEOE?

FEOE has higher volatility (5.11%) compared to JEPQ (4.98%). In terms of maximum drawdown, JEPQ dropped -20.07% vs FEOE's -12.27%.

Which ETF is better, JEPQ or FEOE?

On 1-year performance, FEOE leads with 28.89% vs 25.53% for JEPQ. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JEPQ has been the lower-risk option at 4.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JEPQ or FEOE?

Over the 1-year period, FEOE has performed better with a 28.89% return vs 25.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JEPQ or FEOE?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.50% for FEOE.

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

JEPQ has the higher dividend yield at 10.22%, compared with 1.37% for FEOE.

What is the main difference between JEPQ and FEOE?

JEPQ is categorized as Nasdaq-100, while FEOE is Foreign Large Cap Equities. They also come from different issuers: JPMorgan and First Eagle. Their fees differ too: 0.35% for JEPQ and 0.50% for FEOE.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.03 vs 1.94), 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.