JEPQ vs. PNNT
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) is Nasdaq-100 fund tracking the Nasdaq-100 Index, while PNNT (PennantPark Investment Corporation) is a stock. Over the past 3 years, JEPQ returned 19.91%/yr vs 0.38%/yr for PNNT. At a 0.38 correlation, their price movements are largely independent.
Performance
JEPQ vs. PNNT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JEPQ achieves a 7.85% return, which is significantly higher than PNNT's -29.84% return.
JEPQ
- 1D
- 0.62%
- 1M
- 0.88%
- YTD
- 7.85%
- 6M
- 8.80%
- 1Y
- 25.53%
- 3Y*
- 19.91%
- 5Y*
- —
- 10Y*
- —
PNNT
- 1D
- 1.58%
- 1M
- -8.53%
- YTD
- -29.84%
- 6M
- -27.65%
- 1Y
- -33.82%
- 3Y*
- 0.38%
- 5Y*
- 0.83%
- 10Y*
- 7.07%
JEPQ vs. PNNT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 7.85% | 15.18% | 24.85% | 36.28% | -11.16% |
PNNT PennantPark Investment Corporation | -29.84% | -2.96% | 16.56% | 37.25% | -17.05% |
Correlation
The correlation between JEPQ and PNNT is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.38 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JEPQ vs. PNNT — Risk / Return Rank
JEPQ
PNNT
JEPQ vs. PNNT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and PennantPark Investment Corporation (PNNT). 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 | PNNT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.29 | ||
| Sortino ratioReturn per unit of downside risk | +4.40 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.78 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | -0.80 | +3.70 |
| Martin ratioReturn relative to average drawdown | 13.84 | -1.65 | +15.48 |
Loading charts...
Drawdowns
JEPQ vs. PNNT - Drawdown Comparison
The maximum JEPQ drawdown since its inception was -20.07%, smaller than the maximum PNNT drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for JEPQ and PNNT.
Loading charts...
Drawdown Indicators
| JEPQ | PNNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.07% | -82.16% | +62.09% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -42.61% | +33.79% |
Max Drawdown (3Y)Largest decline over 3 years | -20.07% | -42.61% | +22.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.14% | — |
Current DrawdownCurrent decline from peak | -1.64% | -40.28% | +38.64% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -15.29% | +11.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 20.58% | -18.73% |
Volatility
JEPQ vs. PNNT - Volatility Comparison
The current volatility for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is 4.98%, while PennantPark Investment Corporation (PNNT) has a volatility of 9.97%. This indicates that JEPQ experiences smaller price fluctuations and is considered to be less risky than PNNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JEPQ | PNNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 9.97% | -4.99% |
Volatility (6M)Calculated over the trailing 6-month period | 10.22% | 23.95% | -13.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 27.06% | -14.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 23.79% | -7.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 32.76% | -16.03% |
Dividends
JEPQ vs. PNNT - Dividend Comparison
JEPQ's dividend yield for the trailing twelve months is around 10.22%, less than PNNT's 24.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.22% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PNNT PennantPark Investment Corporation | 24.94% | 16.11% | 12.85% | 11.65% | 10.43% | 6.93% | 11.71% | 11.03% | 11.30% | 10.42% | 14.62% | 18.12% |
Frequently Asked Questions
JEPQ and PNNT have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PNNT has higher volatility (9.97%) compared to JEPQ (4.98%). In terms of maximum drawdown, JEPQ dropped -20.07% vs PNNT's -82.16%.
JEPQ currently has the higher Sharpe Ratio (2.03 vs -1.25), 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.
Find the right allocation for JEPQ and PNNT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer