JEPQ vs. GPIQ
Compare and contrast key facts about JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ).
JEPQ and GPIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JEPQ is an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022. GPIQ is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JEPQ or GPIQ.
Correlation
The correlation between JEPQ and GPIQ is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JEPQ vs. GPIQ - Performance Comparison
Key characteristics
JEPQ:
2.14
GPIQ:
1.73
JEPQ:
2.78
GPIQ:
2.32
JEPQ:
1.43
GPIQ:
1.33
JEPQ:
2.50
GPIQ:
2.22
JEPQ:
10.77
GPIQ:
8.94
JEPQ:
2.49%
GPIQ:
2.89%
JEPQ:
12.53%
GPIQ:
14.92%
JEPQ:
-16.82%
GPIQ:
-11.66%
JEPQ:
-1.48%
GPIQ:
-2.33%
Returns By Period
The year-to-date returns for both stocks are quite close, with JEPQ having a 25.70% return and GPIQ slightly lower at 24.56%.
JEPQ
25.70%
2.67%
9.33%
26.16%
N/A
N/A
GPIQ
24.56%
2.72%
8.85%
25.08%
N/A
N/A
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JEPQ vs. GPIQ - Expense Ratio Comparison
JEPQ has a 0.35% expense ratio, which is higher than GPIQ's 0.29% expense ratio.
Risk-Adjusted Performance
JEPQ vs. GPIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). 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.
Dividends
JEPQ vs. GPIQ - Dividend Comparison
JEPQ's dividend yield for the trailing twelve months is around 9.41%, less than GPIQ's 9.86% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.41% | 10.02% | 9.44% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.86% | 1.74% | 0.00% |
Drawdowns
JEPQ vs. GPIQ - Drawdown Comparison
The maximum JEPQ drawdown since its inception was -16.82%, which is greater than GPIQ's maximum drawdown of -11.66%. Use the drawdown chart below to compare losses from any high point for JEPQ and GPIQ. For additional features, visit the drawdowns tool.
Volatility
JEPQ vs. GPIQ - Volatility Comparison
The current volatility for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is 2.83%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 3.67%. This indicates that JEPQ experiences smaller price fluctuations and is considered to be less risky than GPIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.