JEPQ vs. ISHG
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and ISHG (iShares 1-3 Year International Treasury Bond ETF) are both exchange-traded funds - JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while ISHG is a International Government Bonds fund tracking the S&P/Citigroup International Treasury Bond Index Ex-US 1-3 Year. Both are passively managed. Over the past 3 years, JEPQ returned 19.91%/yr vs 4.08%/yr for ISHG. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.
Performance
JEPQ vs. ISHG - Performance Comparison
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Returns By Period
In the year-to-date period, JEPQ achieves a 7.85% return, which is significantly higher than ISHG's -0.18% return.
JEPQ
- 1D
- 0.62%
- 1M
- 1.08%
- YTD
- 7.85%
- 6M
- 8.80%
- 1Y
- 26.60%
- 3Y*
- 19.91%
- 5Y*
- —
- 10Y*
- —
ISHG
- 1D
- 0.06%
- 1M
- -0.07%
- YTD
- -0.18%
- 6M
- 0.19%
- 1Y
- 1.37%
- 3Y*
- 4.08%
- 5Y*
- -1.07%
- 10Y*
- -0.14%
JEPQ vs. ISHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 7.85% | 15.18% | 24.85% | 36.28% | -11.16% |
ISHG iShares 1-3 Year International Treasury Bond ETF | -0.18% | 13.31% | -4.16% | 3.76% | -2.19% |
Correlation
The correlation between JEPQ and ISHG is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.28 |
The correlation between JEPQ and ISHG shifts across timeframes, from 0.22 (3 years) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JEPQ vs. ISHG — Risk / Return Rank
JEPQ
ISHG
JEPQ vs. ISHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and iShares 1-3 Year International Treasury Bond ETF (ISHG). 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 | ISHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.03 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 0.20 | +2.71 |
| Martin ratioReturn relative to average drawdown | 13.84 | 0.49 | +13.35 |
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Drawdowns
JEPQ vs. ISHG - Drawdown Comparison
The maximum JEPQ drawdown since its inception was -20.07%, smaller than the maximum ISHG drawdown of -37.24%. Use the drawdown chart below to compare losses from any high point for JEPQ and ISHG.
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Drawdown Indicators
| JEPQ | ISHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.07% | -37.24% | +17.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -5.02% | -3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -20.07% | -8.21% | -11.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.56% | — |
Current DrawdownCurrent decline from peak | -1.64% | -22.37% | +20.73% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -18.44% | +15.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 2.05% | -0.20% |
Volatility
JEPQ vs. ISHG - Volatility Comparison
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a higher volatility of 4.98% compared to iShares 1-3 Year International Treasury Bond ETF (ISHG) at 1.67%. This indicates that JEPQ's price experiences larger fluctuations and is considered to be riskier than ISHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEPQ | ISHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 1.67% | +3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 10.22% | 4.76% | +5.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 6.51% | +6.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 7.58% | +9.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 6.94% | +9.79% |
JEPQ vs. ISHG - Expense Ratio Comparison
Both JEPQ and ISHG have an expense ratio of 0.35%.
Dividends
JEPQ vs. ISHG - Dividend Comparison
JEPQ's dividend yield for the trailing twelve months is around 10.22%, more than ISHG's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISHG iShares 1-3 Year International Treasury Bond ETF | 1.45% | 1.45% | 2.56% | 0.18% | 0.00% | 1.29% | 0.00% | 0.00% | 1.80% | 0.46% | 0.00% | 0.09% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.22% | 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
JEPQ and ISHG have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPQ has higher volatility (4.98%) compared to ISHG (1.67%). In terms of maximum drawdown, JEPQ dropped -20.07% vs ISHG's -37.24%.
On 3-year performance, JEPQ leads with 19.91% vs 4.08% for ISHG. Both ETFs have the same 0.35% expense ratio. On volatility, ISHG has been the lower-risk option at 1.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JEPQ has performed better with a 19.91% return vs 4.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JEPQ and ISHG have the same expense ratio: 0.35% per year.
JEPQ has the higher dividend yield at 10.22%, compared with 1.45% for ISHG.
JEPQ is categorized as Nasdaq-100, while ISHG is International Government Bonds. JEPQ tracks Nasdaq-100 Index, while ISHG tracks S&P/Citigroup International Treasury Bond Index Ex-US 1-3 Year. They also come from different issuers: JPMorgan and iShares.
JEPQ currently has the higher Sharpe Ratio (2.03 vs 0.15), 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.
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