JEPQ vs. PFLT
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) is Nasdaq-100 fund tracking the Nasdaq-100 Index, while PFLT (PennantPark Floating Rate Capital Ltd.) is a stock. Over the past 3 years, JEPQ returned 20.83%/yr vs 0.05%/yr for PFLT. At a 0.38 correlation, their price movements are largely independent.
Performance
JEPQ vs. PFLT - Performance Comparison
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Returns By Period
In the year-to-date period, JEPQ achieves a 10.52% return, which is significantly higher than PFLT's -13.49% return.
JEPQ
- 1D
- 1.61%
- 1M
- 3.22%
- YTD
- 10.52%
- 6M
- 10.65%
- 1Y
- 29.09%
- 3Y*
- 20.83%
- 5Y*
- —
- 10Y*
- —
PFLT
- 1D
- -1.32%
- 1M
- -8.82%
- YTD
- -13.49%
- 6M
- -11.20%
- 1Y
- -17.85%
- 3Y*
- 0.05%
- 5Y*
- 0.63%
- 10Y*
- 5.33%
JEPQ vs. PFLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.52% | 15.18% | 24.85% | 36.28% | -11.16% |
PFLT PennantPark Floating Rate Capital Ltd. | -13.49% | -4.17% | 0.62% | 23.05% | -11.56% |
Correlation
The correlation between JEPQ and PFLT is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.38 |
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Return for Risk
JEPQ vs. PFLT — Risk / Return Rank
JEPQ
PFLT
JEPQ vs. PFLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and PennantPark Floating Rate Capital Ltd. (PFLT). 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 | PFLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.14 | ||
| Sortino ratioReturn per unit of downside risk | +4.14 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 0.87 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | -0.82 | +4.13 |
| Martin ratioReturn relative to average drawdown | 15.77 | -1.50 | +17.26 |
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Drawdowns
JEPQ vs. PFLT - Drawdown Comparison
The maximum JEPQ drawdown since its inception was -20.07%, smaller than the maximum PFLT drawdown of -69.77%. Use the drawdown chart below to compare losses from any high point for JEPQ and PFLT.
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Drawdown Indicators
| JEPQ | PFLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.07% | -69.77% | +49.70% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -21.90% | +13.08% |
Max Drawdown (3Y)Largest decline over 3 years | -20.07% | -22.96% | +2.89% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.77% | — |
Current DrawdownCurrent decline from peak | 0.00% | -22.85% | +22.85% |
Average DrawdownAverage peak-to-trough decline | -3.40% | -8.33% | +4.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 11.93% | -10.08% |
Volatility
JEPQ vs. PFLT - Volatility Comparison
The current volatility for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is 5.70%, while PennantPark Floating Rate Capital Ltd. (PFLT) has a volatility of 8.03%. This indicates that JEPQ experiences smaller price fluctuations and is considered to be less risky than PFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEPQ | PFLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 8.03% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 17.12% | -6.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 20.81% | -7.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 21.28% | -4.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 28.98% | -12.22% |
Dividends
JEPQ vs. PFLT - Dividend Comparison
JEPQ's dividend yield for the trailing twelve months is around 9.98%, less than PFLT's 16.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.98% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFLT PennantPark Floating Rate Capital Ltd. | 16.18% | 13.27% | 11.25% | 9.98% | 10.38% | 8.93% | 10.83% | 9.24% | 9.59% | 8.31% | 8.08% | 10.04% |
Frequently Asked Questions
JEPQ and PFLT have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFLT has higher volatility (8.03%) compared to JEPQ (5.70%). In terms of maximum drawdown, JEPQ dropped -20.07% vs PFLT's -69.77%.
JEPQ currently has the higher Sharpe Ratio (2.28 vs -0.86), 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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