JEPQ vs. LQD
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) are both exchange-traded funds - JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while LQD is a Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index. Both are passively managed. Over the past 3 years, JEPQ returned 17.64%/yr vs 4.07%/yr for LQD. Their 0.29 correlation means their historical movements had little consistent relationship. JEPQ charges 0.35%/yr vs 0.15%/yr for LQD.
Performance
JEPQ vs. LQD - Performance Comparison
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Returns By Period
In the year-to-date period, JEPQ achieves a 5.52% return, which is significantly higher than LQD's -1.41% return.
JEPQ
- 1D
- -0.97%
- 1M
- -2.60%
- 6M
- 3.56%
- YTD
- 5.52%
- 1Y
- 17.19%
- 3Y*
- 17.64%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.50%
LQD
- 1D
- -0.03%
- 1M
- -2.65%
- 6M
- -1.99%
- YTD
- -1.41%
- 1Y
- 1.95%
- 3Y*
- 4.07%
- 5Y*
- -1.00%
- 10Y*
- 2.06%
- ALL TIME*
- 4.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $411.15M | $392.07M | $419.06M | |
| $3.09B | $3.13B | $2.99B |
JEPQ vs. LQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 5.52% | 15.18% | 24.85% | 36.28% | -11.16% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | -1.41% | 7.90% | 0.86% | 9.40% | -4.03% |
Correlation
The correlation between JEPQ and LQD is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.29 |
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Return for Risk
JEPQ vs. LQD — Risk / Return Rank
JEPQ
LQD
JEPQ vs. LQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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 | LQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.08 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 0.68 | +1.29 |
| Martin ratioReturn relative to average drawdown | 8.72 | 1.76 | +6.96 |
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Drawdowns
JEPQ vs. LQD - Drawdown Comparison
The maximum JEPQ drawdown since its inception was -20.07%, smaller than the maximum LQD drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for JEPQ and LQD.
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Drawdown Indicators
| JEPQ | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.07% | -24.95% | +4.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -3.34% | -5.48% |
Max Drawdown (3Y)Largest decline over 3 years | -20.07% | -7.87% | -12.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.95% | — |
Current DrawdownCurrent decline from peak | -4.71% | -5.51% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -3.99% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 1.30% | +0.69% |
Volatility
JEPQ vs. LQD - Volatility Comparison
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a higher volatility of 5.63% compared to iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) at 1.28%. This indicates that JEPQ's price experiences larger fluctuations and is considered to be riskier than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEPQ | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 1.28% | +4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 4.02% | +7.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.13% | 5.29% | +8.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.84% | 8.64% | +8.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 8.69% | +8.15% |
JEPQ vs. LQD - Expense Ratio Comparison
JEPQ has a 0.35% expense ratio, which is higher than LQD's 0.15% expense ratio.
Dividends
JEPQ vs. LQD - Dividend Comparison
JEPQ's dividend yield for the trailing twelve months is around 10.80%, more than LQD's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.80% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.65% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
Frequently Asked Questions
JEPQ and LQD have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPQ has higher volatility (5.63%) compared to LQD (1.28%). In terms of maximum drawdown, JEPQ dropped -20.07% vs LQD's -24.95%.
On 3-year performance, JEPQ leads with 17.64% vs 4.07% for LQD. On fees, LQD is cheaper at 0.15% per year. On volatility, LQD has been the lower-risk option at 1.28%. 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 17.64% return vs 4.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQD is cheaper with a 0.15% expense ratio, compared with 0.35% for JEPQ.
JEPQ has the higher dividend yield at 10.80%, compared with 4.65% for LQD.
JEPQ is categorized as Nasdaq-100, while LQD is Corporate Bonds. JEPQ tracks Nasdaq-100 Index, while LQD tracks iBoxx $ Liquid Investment Grade Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JEPQ and 0.15% for LQD.
JEPQ currently has the higher Sharpe Ratio (1.23 vs 0.43), 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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