JEPQ vs. MLI
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) is Nasdaq-100 fund tracking the Nasdaq-100 Index, while MLI (Mueller Industries, Inc.) is a stock. Over the past 3 years, JEPQ returned 20.72%/yr vs 52.10%/yr for MLI. At a 0.48 correlation, their price movements are largely independent.
Performance
JEPQ vs. MLI - Performance Comparison
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Returns By Period
In the year-to-date period, JEPQ achieves a 10.23% return, which is significantly lower than MLI's 20.69% return.
JEPQ
- 1D
- 2.21%
- 1M
- 3.31%
- YTD
- 10.23%
- 6M
- 11.56%
- 1Y
- 29.39%
- 3Y*
- 20.72%
- 5Y*
- —
- 10Y*
- —
MLI
- 1D
- -0.25%
- 1M
- 1.23%
- YTD
- 20.69%
- 6M
- 20.88%
- 1Y
- 87.45%
- 3Y*
- 52.10%
- 5Y*
- 45.38%
- 10Y*
- 26.81%
JEPQ vs. MLI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.23% | 15.18% | 24.85% | 36.28% | -11.16% |
MLI Mueller Industries, Inc. | 20.69% | 46.29% | 70.51% | 62.38% | 8.35% |
Correlation
The correlation between JEPQ and MLI is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.48 |
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Return for Risk
JEPQ vs. MLI — Risk / Return Rank
JEPQ
MLI
JEPQ vs. MLI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Mueller Industries, Inc. (MLI). 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 | MLI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.50 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 3.94 | -0.59 |
| Martin ratioReturn relative to average drawdown | 15.94 | 10.92 | +5.01 |
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Drawdowns
JEPQ vs. MLI - Drawdown Comparison
The maximum JEPQ drawdown since its inception was -20.07%, smaller than the maximum MLI drawdown of -61.72%. Use the drawdown chart below to compare losses from any high point for JEPQ and MLI.
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Drawdown Indicators
| JEPQ | MLI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.07% | -61.72% | +41.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -22.33% | +13.51% |
Max Drawdown (3Y)Largest decline over 3 years | -20.07% | -27.79% | +7.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.95% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.93% | +1.93% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -16.04% | +12.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 8.03% | -6.18% |
Volatility
JEPQ vs. MLI - Volatility Comparison
The current volatility for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is 5.42%, while Mueller Industries, Inc. (MLI) has a volatility of 10.51%. This indicates that JEPQ experiences smaller price fluctuations and is considered to be less risky than MLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEPQ | MLI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 10.51% | -5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.44% | 25.79% | -15.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.78% | 30.06% | -17.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 33.07% | -16.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 35.79% | -19.03% |
Dividends
JEPQ vs. MLI - Dividend Comparison
JEPQ's dividend yield for the trailing twelve months is around 10.00%, more than MLI's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.00% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLI Mueller Industries, Inc. | 0.87% | 0.87% | 1.01% | 1.27% | 1.69% | 0.88% | 1.14% | 1.26% | 1.71% | 9.60% | 0.94% | 1.11% |
Frequently Asked Questions
JEPQ and MLI have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLI has higher volatility (10.51%) compared to JEPQ (5.42%). In terms of maximum drawdown, JEPQ dropped -20.07% vs MLI's -61.72%.
MLI currently has the higher Sharpe Ratio (2.93 vs 2.31), 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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