JEPQ vs. MU
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) is Nasdaq-100 fund tracking the Nasdaq-100 Index, while MU (Micron Technology, Inc.) is a stock. Over the past 3 years, JEPQ returned 19.03%/yr vs 146.36%/yr for MU. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
JEPQ vs. MU - Performance Comparison
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Returns By Period
In the year-to-date period, JEPQ achieves a 8.60% return, which is significantly lower than MU's 240.34% return.
JEPQ
- 1D
- 1.81%
- 1M
- -1.74%
- 6M
- 8.97%
- YTD
- 8.60%
- 1Y
- 21.02%
- 3Y*
- 19.03%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.32%
MU
- 1D
- 12.17%
- 1M
- -14.38%
- 6M
- 166.13%
- YTD
- 240.34%
- 1Y
- 758.76%
- 3Y*
- 146.36%
- 5Y*
- 67.49%
- 10Y*
- 54.16%
- ALL TIME*
- 17.59%
JEPQ vs. MU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 8.60% | 15.18% | 24.85% | 36.28% | -11.16% |
MU Micron Technology, Inc. | 240.34% | 240.24% | -0.96% | 71.93% | -29.42% |
Correlation
The correlation between JEPQ and MU is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.63 |
The correlation between JEPQ and MU has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
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Return for Risk
JEPQ vs. MU — Risk / Return Rank
JEPQ
MU
JEPQ vs. MU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Micron Technology, Inc. (MU). 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 | MU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.42 | ||
| Sortino ratioReturn per unit of downside risk | -3.44 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.70 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 25.31 | -22.91 |
| Martin ratioReturn relative to average drawdown | 10.82 | 84.73 | -73.91 |
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Drawdowns
JEPQ vs. MU - Drawdown Comparison
The maximum JEPQ drawdown since its inception was -20.07%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for JEPQ and MU.
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Drawdown Indicators
| JEPQ | MU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.07% | -98.25% | +78.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -30.28% | +21.46% |
Max Drawdown (3Y)Largest decline over 3 years | -20.07% | -57.63% | +37.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.63% | — |
Current DrawdownCurrent decline from peak | -1.93% | -19.99% | +18.06% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -58.05% | +54.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 9.03% | -7.08% |
Volatility
JEPQ vs. MU - Volatility Comparison
The current volatility for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is 5.89%, while Micron Technology, Inc. (MU) has a volatility of 32.09%. This indicates that JEPQ experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEPQ | MU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 32.09% | -26.20% |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | 63.69% | -52.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.00% | 77.22% | -63.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 55.26% | -38.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 50.92% | -34.09% |
Dividends
JEPQ vs. MU - Dividend Comparison
JEPQ's dividend yield for the trailing twelve months is around 10.50%, more than MU's 0.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.50% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% |
MU Micron Technology, Inc. | 0.05% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% |
Frequently Asked Questions
JEPQ and MU have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (32.09%) compared to JEPQ (5.89%). In terms of maximum drawdown, JEPQ dropped -20.07% vs MU's -98.25%.
MU currently has the higher Sharpe Ratio (9.93 vs 1.51), 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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