JEPQ vs. IQQ

Last updated Aug 4, 2026

JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and IQQ (iShares Nasdaq 100 ETF) are both Nasdaq-100 funds - JEPQ tracks the Nasdaq-100 Index while IQQ tracks the NASDAQ-100 Index. Both are passively managed. Their 0.99 correlation means they have historically moved very closely together. JEPQ charges 0.35%/yr vs 0.10%/yr for IQQ.

Performance

JEPQ vs. IQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and iShares Nasdaq 100 ETF (IQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JEPQ

• 1D: 1.38%
• 1M: -0.56%
• 6M: 4.41%
• YTD: 7.51%
• 1Y: 21.24%
• 3Y*: 18.60%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.90%

IQQ

• 1D: 1.76%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IQQ iShares Nasdaq 100 ETF	$29.42M	$36.69M	$36.69M
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	$489.18M	$434.68M	$428.59M

JEPQ vs. IQQ - Yearly Performance Comparison

	2026 (YTD)
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	-0.66%
IQQ iShares Nasdaq 100 ETF	-2.95%

Correlation

The correlation between JEPQ and IQQ is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2026	0.99

Return for Risk

JEPQ vs. IQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JEPQ

JEPQ Risk / Return Rank: 66
JEPQ Sharpe Ratio Rank: 61
JEPQ Sortino Ratio Rank: 59
JEPQ Omega Ratio Rank: 64
JEPQ Calmar Ratio Rank: 69
JEPQ Martin Ratio Rank: 77

IQQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JEPQ vs. IQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and iShares Nasdaq 100 ETF (IQQ). 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	IQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.46	—	—
Sortino ratio: Return per unit of downside risk	2.04	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.42	—	—
Martin ratio: Return relative to average drawdown	9.91	—	—

Drawdowns

JEPQ vs. IQQ - Drawdown Comparison

The maximum JEPQ drawdown since its inception was -20.07%, which is greater than IQQ's maximum drawdown of -8.80%. Use the drawdown chart below to compare losses from any high point for JEPQ and IQQ.

Drawdown Indicators

	JEPQ	IQQ	Difference
Max Drawdown Largest peak-to-trough decline	-20.07%	-8.80%	-11.27%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.07%	—	—
Current Drawdown Current decline from peak	-2.91%	-3.54%	+0.63%
Average Drawdown Average peak-to-trough decline	-3.38%	-3.69%	+0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	—	—

Volatility

Volatility by Period

	JEPQ	IQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.64%	23.60%	-8.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	23.60%	-6.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.90%	23.60%	-6.70%

JEPQ vs. IQQ - Expense Ratio Comparison

JEPQ has a 0.35% expense ratio, which is higher than IQQ's 0.10% expense ratio.

Dividends

JEPQ vs. IQQ - Dividend Comparison

JEPQ's dividend yield for the trailing twelve months is around 11.18%, while IQQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
IQQ iShares Nasdaq 100 ETF	0.00%	0.00%	0.00%	0.00%	0.00%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	11.18%	10.53%	9.65%	10.03%	9.44%

Frequently Asked Questions

Can I hold both JEPQ and IQQ in my portfolio?

With a correlation of 0.99, JEPQ and IQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, JEPQ or IQQ?

On fees, IQQ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JEPQ or IQQ?

IQQ is cheaper with a 0.10% expense ratio, compared with 0.35% for JEPQ.

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

JEPQ has the higher dividend yield at 11.18%, compared with 0.00% for IQQ.

What is the main difference between JEPQ and IQQ?

JEPQ tracks Nasdaq-100 Index, while IQQ tracks NASDAQ-100 Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JEPQ and 0.10% for IQQ.