JEPQ vs. JPLD

Last updated Jun 4, 2026

JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and JPLD (J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF) are both exchange-traded funds - JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while JPLD is a Short-Term Bond fund actively managed by JPMorgan. JEPQ is passively managed, while JPLD is actively managed. Over the past year, JEPQ returned 29.00% vs 4.71% for JPLD. At a 0.07 correlation, their price movements are largely independent. JEPQ charges 0.35%/yr vs 0.24%/yr for JPLD.

Performance

JEPQ vs. JPLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEPQ achieves a 9.54% return, which is significantly higher than JPLD's 1.04% return.

JEPQ

• 1D: -0.10%
• 1M: 4.31%
• YTD: 9.54%
• 6M: 9.75%
• 1Y: 29.00%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —

JPLD

• 1D: -0.06%
• 1M: 0.19%
• YTD: 1.04%
• 6M: 1.37%
• 1Y: 4.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JEPQ vs. JPLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.54%	15.18%	24.85%	6.31%
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	1.04%	6.01%	6.49%	3.23%

Correlation

The correlation between JEPQ and JPLD is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023	0.07

JEPQ vs. JPLD - Sectors Allocation Comparison

Sectors	JEPQ	JPLD
Technology	54.0%	7.4%
Communication Services	15.4%	10.1%
Consumer Cyclical	12.8%	1.6%
Consumer Defensive	7.1%	0.1%
Healthcare	4.4%	5.6%
Industrials	3.1%	0.1%
Utilities	1.3%	0.4%
Basic Materials	1.0%	1.4%
Energy	0.4%	0.1%
Financial Services	0.4%	13.7%
Real Estate	0.2%	7.8%

Return for Risk

JEPQ vs. JPLD — 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: 74
JEPQ Sortino Ratio Rank: 71
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

JPLD

JPLD Risk / Return Rank: 91
JPLD Sharpe Ratio Rank: 90
JPLD Sortino Ratio Rank: 95
JPLD Omega Ratio Rank: 94
JPLD Calmar Ratio Rank: 85
JPLD Martin Ratio Rank: 90

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. JPLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD). 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.

	JEPQ	JPLD	Difference
Sharpe ratio: Return per unit of total volatility	2.49	3.22	-0.74
Sortino ratio: Return per unit of downside risk	3.29	5.29	-2.00
Omega ratio: Gain probability vs. loss probability	1.49	1.68	-0.19
Calmar ratio: Return relative to maximum drawdown	3.31	4.71	-1.41
Martin ratio: Return relative to average drawdown	16.22	21.78	-5.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JEPQ vs. JPLD - Sharpe Ratio Comparison

The current JEPQ Sharpe Ratio is 2.49, which is comparable to the JPLD Sharpe Ratio of 3.22. The chart below compares the historical Sharpe Ratios of JEPQ and JPLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JEPQ	JPLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	3.22	-0.74
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	3.25	-2.25

Drawdowns

JEPQ vs. JPLD - Drawdown Comparison

The maximum JEPQ drawdown since its inception was -20.07%, which is greater than JPLD's maximum drawdown of -1.17%. Use the drawdown chart below to compare losses from any high point for JEPQ and JPLD.

Drawdown Indicators

	JEPQ	JPLD	Difference
Max Drawdown Largest peak-to-trough decline	-20.07%	-1.17%	-18.90%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	-1.00%	-7.82%
Max Drawdown (3Y) Largest decline over 3 years	-20.07%	—	—
Current Drawdown Current decline from peak	-0.10%	-0.12%	+0.02%
Average Drawdown Average peak-to-trough decline	-3.42%	-0.15%	-3.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	0.22%	+1.57%

Volatility

JEPQ vs. JPLD - Volatility Comparison

JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a higher volatility of 1.26% compared to J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) at 0.37%. This indicates that JEPQ's price experiences larger fluctuations and is considered to be riskier than JPLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEPQ	JPLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	0.37%	+0.89%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	0.97%	+8.10%
Volatility (1Y) Calculated over the trailing 1-year period	11.73%	1.47%	+10.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	1.83%	+14.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.61%	1.83%	+14.78%

JEPQ vs. JPLD - Expense Ratio Comparison

JEPQ has a 0.35% expense ratio, which is higher than JPLD's 0.24% expense ratio.

Dividends

JEPQ vs. JPLD - Dividend Comparison

JEPQ's dividend yield for the trailing twelve months is around 10.07%, more than JPLD's 4.21% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.07%	10.53%	9.65%	10.03%	9.44%
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	4.21%	4.24%	4.47%	1.83%	0.00%

Frequently Asked Questions

Can I hold both JEPQ and JPLD in my portfolio?

JEPQ and JPLD have a correlation of 0.06, 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 JPLD?

JEPQ has higher volatility (1.26%) compared to JPLD (0.37%). In terms of maximum drawdown, JEPQ dropped -20.07% vs JPLD's -1.17%.

Which ETF is better, JEPQ or JPLD?

On 1-year performance, JEPQ leads with 29.00% vs 4.71% for JPLD. On fees, JPLD is cheaper at 0.24% per year. On volatility, JPLD has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JEPQ or JPLD?

Over the 1-year period, JEPQ has performed better with a 29.00% return vs 4.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JEPQ or JPLD?

JPLD is cheaper with a 0.24% expense ratio, compared with 0.35% for JEPQ.

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

JEPQ has the higher dividend yield at 10.07%, compared with 4.21% for JPLD.

What is the main difference between JEPQ and JPLD?

JEPQ is categorized as Nasdaq-100, while JPLD is Short-Term Bond. Their fees differ too: 0.35% for JEPQ and 0.24% for JPLD.

Which has better risk-adjusted returns?

JPLD currently has the higher Sharpe Ratio (3.22 vs 2.49), 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.