JEPQ vs. GOOY

Last updated Jun 14, 2026

JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and GOOY (YieldMax GOOGL Option Income Strategy ETF) are both exchange-traded funds - JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while GOOY is a Derivative Income fund actively managed by YieldMax. JEPQ is passively managed, while GOOY is actively managed. Over the past year, JEPQ returned 26.60% vs 81.48% for GOOY. A 0.60 correlation means they provide meaningful diversification when combined. JEPQ charges 0.35%/yr vs 0.99%/yr for GOOY.

Performance

JEPQ vs. GOOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and YieldMax GOOGL Option Income Strategy ETF (GOOY). 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 GOOY's 13.92% return.

JEPQ

• 1D: 0.62%
• 1M: 1.08%
• YTD: 7.85%
• 6M: 8.80%
• 1Y: 26.60%
• 3Y*: 19.91%
• 5Y*: —
• 10Y*: —

GOOY

• 1D: 0.00%
• 1M: -7.48%
• YTD: 13.92%
• 6M: 14.56%
• 1Y: 81.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JEPQ vs. GOOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.85%	15.18%	24.85%	7.40%
GOOY YieldMax GOOGL Option Income Strategy ETF	13.92%	53.95%	12.58%	-3.35%

Correlation

The correlation between JEPQ and GOOY is 0.56, 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	0.56
Correlation (All Time) Calculated using the full available price history since Jul 28, 2023	0.60

The correlation between JEPQ and GOOY has been stable across timeframes, ranging from 0.56 to 0.60 - a consistent structural relationship.

Return for Risk

JEPQ vs. GOOY — 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

GOOY

GOOY Risk / Return Rank: 93
GOOY Sharpe Ratio Rank: 96
GOOY Sortino Ratio Rank: 95
GOOY Omega Ratio Rank: 94
GOOY Calmar Ratio Rank: 91
GOOY Martin Ratio Rank: 91

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. GOOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and YieldMax GOOGL Option Income Strategy ETF (GOOY). 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	GOOY	Difference
Sharpe ratio: Return per unit of total volatility	2.03	3.51	-1.48
Sortino ratio: Return per unit of downside risk	2.69	4.76	-2.07
Omega ratio: Gain probability vs. loss probability	1.40	1.60	-0.20
Calmar ratio: Return relative to maximum drawdown	2.91	5.06	-2.16
Martin ratio: Return relative to average drawdown	13.84	18.64	-4.81

JEPQ vs. GOOY - Sharpe Ratio Comparison

The current JEPQ Sharpe Ratio is 2.03, which is lower than the GOOY Sharpe Ratio of 3.51. The chart below compares the historical Sharpe Ratios of JEPQ and GOOY, 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. GOOY - Drawdown Comparison

The maximum JEPQ drawdown since its inception was -20.07%, smaller than the maximum GOOY drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for JEPQ and GOOY.

Drawdown Indicators

	JEPQ	GOOY	Difference
Max Drawdown Largest peak-to-trough decline	-20.07%	-24.40%	+4.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	-16.15%	+7.33%
Max Drawdown (3Y) Largest decline over 3 years	-20.07%	—	—
Current Drawdown Current decline from peak	-1.64%	-8.37%	+6.73%
Average Drawdown Average peak-to-trough decline	-3.41%	-6.27%	+2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	4.38%	-2.53%

Volatility

JEPQ vs. GOOY - Volatility Comparison

The current volatility for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is 4.98%, while YieldMax GOOGL Option Income Strategy ETF (GOOY) has a volatility of 6.21%. This indicates that JEPQ experiences smaller price fluctuations and is considered to be less risky than GOOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEPQ	GOOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	6.21%	-1.23%
Volatility (6M) Calculated over the trailing 6-month period	10.22%	17.39%	-7.17%
Volatility (1Y) Calculated over the trailing 1-year period	12.61%	23.33%	-10.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	23.29%	-6.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	23.29%	-6.56%

JEPQ vs. GOOY - Expense Ratio Comparison

JEPQ has a 0.35% expense ratio, which is lower than GOOY's 0.99% expense ratio.

Dividends

JEPQ vs. GOOY - Dividend Comparison

JEPQ's dividend yield for the trailing twelve months is around 10.22%, less than GOOY's 49.78% yield.

Position	TTM	2025	2024	2023	2022
GOOY YieldMax GOOGL Option Income Strategy ETF	49.78%	41.50%	36.74%	7.90%	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 GOOY in my portfolio?

JEPQ and GOOY have a correlation of 0.56, 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 GOOY?

GOOY has higher volatility (6.21%) compared to JEPQ (4.98%). In terms of maximum drawdown, JEPQ dropped -20.07% vs GOOY's -24.40%.

Which ETF is better, JEPQ or GOOY?

On 1-year performance, GOOY leads with 81.48% vs 26.60% 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 GOOY?

Over the 1-year period, GOOY has performed better with a 81.48% return vs 26.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JEPQ or GOOY?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.99% for GOOY.

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

GOOY has the higher dividend yield at 49.78%, compared with 10.22% for JEPQ.

What is the main difference between JEPQ and GOOY?

JEPQ is categorized as Nasdaq-100, while GOOY is Derivative Income. They also come from different issuers: JPMorgan and YieldMax. Their fees differ too: 0.35% for JEPQ and 0.99% for GOOY.

Which has better risk-adjusted returns?

GOOY currently has the higher Sharpe Ratio (3.51 vs 2.03), 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.