JEPQ vs. NPCT
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and NPCT (Nuveen Core Plus Impact Fund) are both funds - JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while NPCT is a Intermediate Core-Plus Bond fund actively managed by Nuveen. JEPQ is passively managed, while NPCT is actively managed. Over the past 3 years, JEPQ returned 18.32%/yr vs 11.48%/yr for NPCT. At a 0.36 correlation, their price movements are largely independent. JEPQ charges 0.35%/yr vs 5.08%/yr for NPCT.
Performance
JEPQ vs. NPCT - Performance Comparison
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Returns By Period
In the year-to-date period, JEPQ achieves a 6.67% return, which is significantly higher than NPCT's 2.61% return.
JEPQ
- 1D
- 0.14%
- 1M
- -3.48%
- 6M
- 5.22%
- YTD
- 6.67%
- 1Y
- 19.31%
- 3Y*
- 18.32%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.84%
NPCT
- 1D
- 0.10%
- 1M
- 0.19%
- 6M
- 1.62%
- YTD
- 2.61%
- 1Y
- -1.24%
- 3Y*
- 11.48%
- 5Y*
- -3.47%
- 10Y*
- —
- ALL TIME*
- -3.15%
JEPQ vs. NPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 6.67% | 15.18% | 24.85% | 36.28% | -11.16% |
NPCT Nuveen Core Plus Impact Fund | 2.61% | 9.87% | 17.23% | 7.78% | -14.32% |
Correlation
The correlation between JEPQ and NPCT is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.36 |
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Return for Risk
JEPQ vs. NPCT — Risk / Return Rank
JEPQ
NPCT
JEPQ vs. NPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Nuveen Core Plus Impact Fund (NPCT). 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 | NPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.99 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | -0.18 | +2.38 |
| Martin ratioReturn relative to average drawdown | 9.95 | -0.41 | +10.36 |
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Drawdowns
JEPQ vs. NPCT - Drawdown Comparison
The maximum JEPQ drawdown since its inception was -20.07%, smaller than the maximum NPCT drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for JEPQ and NPCT.
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Drawdown Indicators
| JEPQ | NPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.07% | -46.77% | +26.70% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -6.79% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -20.07% | -12.42% | -7.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.50% | — |
Current DrawdownCurrent decline from peak | -3.67% | -16.70% | +13.03% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -25.00% | +21.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 3.05% | -1.11% |
Volatility
JEPQ vs. NPCT - Volatility Comparison
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a higher volatility of 5.83% compared to Nuveen Core Plus Impact Fund (NPCT) at 2.40%. This indicates that JEPQ's price experiences larger fluctuations and is considered to be riskier than NPCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEPQ | NPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 2.40% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 11.47% | 7.50% | +3.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.92% | 9.32% | +4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.82% | 13.09% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 12.98% | +3.84% |
JEPQ vs. NPCT - Expense Ratio Comparison
JEPQ has a 0.35% expense ratio, which is lower than NPCT's 5.08% expense ratio.
Dividends
JEPQ vs. NPCT - Dividend Comparison
JEPQ's dividend yield for the trailing twelve months is around 10.69%, less than NPCT's 12.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.69% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% |
NPCT Nuveen Core Plus Impact Fund | 12.30% | 13.15% | 12.20% | 10.28% | 11.93% | 3.94% |
Frequently Asked Questions
JEPQ and NPCT 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 (5.83%) compared to NPCT (2.40%). In terms of maximum drawdown, JEPQ dropped -20.07% vs NPCT's -46.77%.
JEPQ currently has the higher Sharpe Ratio (1.40 vs -0.13), 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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