JEPQ vs. QB

Last updated Jun 4, 2026

JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both exchange-traded funds - JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while QB is a Defined Outcome fund tracking the Nasdaq-100. Both are passively managed. A 0.76 correlation means they provide meaningful diversification when combined. JEPQ charges 0.35%/yr vs 0.58%/yr for QB.

Performance

JEPQ vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEPQ achieves a 9.54% return, which is significantly lower than QB's 10.47% return.

JEPQ

• 1D: -0.10%
• 1M: 4.31%
• YTD: 9.54%
• 6M: 9.75%
• 1Y: 29.00%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —

QB

• 1D: -0.19%
• 1M: 2.95%
• YTD: 10.47%
• 6M: 9.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JEPQ vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.54%	14.04%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	10.47%	5.77%

Correlation

The correlation between JEPQ and QB is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.76

JEPQ vs. QB - Sectors Allocation Comparison

Sectors	JEPQ	QB
Technology	54.0%	49.9%
Communication Services	15.4%	16.4%
Consumer Cyclical	12.8%	12.5%
Consumer Defensive	7.1%	8.6%
Healthcare	4.4%	5.3%
Industrials	3.1%	3.7%
Utilities	1.3%	1.6%
Basic Materials	1.0%	1.3%
Energy	0.4%	0.6%
Financial Services	0.4%	0.2%
Real Estate	0.2%	0.1%

Return for Risk

JEPQ vs. QB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 74
JEPQ Sortino Ratio Rank: 71
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JEPQ vs. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB). 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.

	JEPQ	QB	Difference
Sharpe ratio: Return per unit of total volatility	2.49	—	—
Sortino ratio: Return per unit of downside risk	3.29	—	—
Omega ratio: Gain probability vs. loss probability	1.49	—	—
Calmar ratio: Return relative to maximum drawdown	3.31	—	—
Martin ratio: Return relative to average drawdown	16.22	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JEPQ	QB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	3.17	-2.16

Drawdowns

JEPQ vs. QB - Drawdown Comparison

The maximum JEPQ drawdown since its inception was -20.07%, which is greater than QB's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for JEPQ and QB.

Drawdown Indicators

	JEPQ	QB	Difference
Max Drawdown Largest peak-to-trough decline	-20.07%	-1.83%	-18.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.07%	—	—
Current Drawdown Current decline from peak	-0.10%	-0.30%	+0.20%
Average Drawdown Average peak-to-trough decline	-3.42%	-0.34%	-3.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	—	—

Volatility

Volatility by Period

	JEPQ	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.73%	5.75%	+5.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	5.75%	+10.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.61%	5.75%	+10.86%

JEPQ vs. QB - Expense Ratio Comparison

JEPQ has a 0.35% expense ratio, which is lower than QB's 0.58% expense ratio.

Dividends

JEPQ vs. QB - Dividend Comparison

JEPQ's dividend yield for the trailing twelve months is around 10.07%, more than QB's 0.62% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.07%	10.53%	9.65%	10.03%	9.44%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.62%	0.48%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JEPQ and QB in my portfolio?

JEPQ and QB have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JEPQ or QB?

On fees, JEPQ is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JEPQ or QB?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.58% for QB.

Which ETF pays a higher dividend yield, JEPQ or QB?

JEPQ has the higher dividend yield at 10.07%, compared with 0.62% for QB.

What is the main difference between JEPQ and QB?

JEPQ is categorized as Nasdaq-100, while QB is Defined Outcome. JEPQ tracks Nasdaq-100 Index, while QB tracks Nasdaq-100. They also come from different issuers: JPMorgan and ProShares. Their fees differ too: 0.35% for JEPQ and 0.58% for QB.