JEPQ vs. QQQ
Compare and contrast key facts about JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Invesco QQQ (QQQ).
JEPQ and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JEPQ is an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JEPQ or QQQ.
Key characteristics
| JEPQ | QQQ | |
|---|---|---|
| YTD Return | 6.66% | 4.12% |
| 1Y Return | 27.76% | 34.44% |
| Sharpe Ratio | 2.58 | 2.13 |
| Daily Std Dev | 10.80% | 16.17% |
| Max Drawdown | -16.82% | -82.98% |
| Current Drawdown | -3.70% | -4.60% |
Correlation
The correlation between JEPQ and QQQ is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JEPQ vs. QQQ - Performance Comparison
In the year-to-date period, JEPQ achieves a 6.66% return, which is significantly higher than QQQ's 4.12% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JEPQ vs. QQQ - Expense Ratio Comparison
Risk-Adjusted Performance
JEPQ vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Invesco QQQ (QQQ). 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.
Dividends
JEPQ vs. QQQ - Dividend Comparison
JEPQ's dividend yield for the trailing twelve months is around 9.25%, more than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.25% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
JEPQ vs. QQQ - Drawdown Comparison
The maximum JEPQ drawdown since its inception was -16.82%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for JEPQ and QQQ. For additional features, visit the drawdowns tool.
Volatility
JEPQ vs. QQQ - Volatility Comparison
The current volatility for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is 3.47%, while Invesco QQQ (QQQ) has a volatility of 4.17%. This indicates that JEPQ experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.