JEPQ vs. QQQI
Compare and contrast key facts about JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and NEOS Nasdaq 100 High Income ETF (QQQI).
JEPQ and QQQI 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. QQQI is an actively managed fund by Neos Investments. It was launched on Jan 30, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JEPQ or QQQI.
Performance
JEPQ vs. QQQI - Performance Comparison
Returns By Period
JEPQ
22.43%
2.46%
9.42%
26.56%
N/A
N/A
QQQI
N/A
0.64%
8.95%
N/A
N/A
N/A
Key characteristics
| JEPQ | QQQI | |
|---|---|---|
| Daily Std Dev | 12.33% | 14.59% |
| Max Drawdown | -16.82% | -10.67% |
| Current Drawdown | -0.78% | -2.19% |
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JEPQ vs. QQQI - Expense Ratio Comparison
JEPQ has a 0.35% expense ratio, which is lower than QQQI's 0.68% expense ratio.
Correlation
The correlation between JEPQ and QQQI is 0.96, 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.
Risk-Adjusted Performance
JEPQ vs. QQQI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and NEOS Nasdaq 100 High Income ETF (QQQI). 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.
Not enough dataDividends
JEPQ vs. QQQI - Dividend Comparison
JEPQ's dividend yield for the trailing twelve months is around 9.42%, less than QQQI's 10.61% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.42% | 10.02% | 9.44% |
QQQI NEOS Nasdaq 100 High Income ETF | 10.61% | 0.00% | 0.00% |
Drawdowns
JEPQ vs. QQQI - Drawdown Comparison
The maximum JEPQ drawdown since its inception was -16.82%, which is greater than QQQI's maximum drawdown of -10.67%. Use the drawdown chart below to compare losses from any high point for JEPQ and QQQI. For additional features, visit the drawdowns tool.
Volatility
JEPQ vs. QQQI - Volatility Comparison
The current volatility for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is 3.86%, while NEOS Nasdaq 100 High Income ETF (QQQI) has a volatility of 4.10%. This indicates that JEPQ experiences smaller price fluctuations and is considered to be less risky than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.