JEPQ vs. QQQI

Last updated Jun 18, 2026

JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both Nasdaq-100 funds. JEPQ is passively managed, while QQQI is actively managed. Over the past year, JEPQ returned 27.22% vs 26.87% for QQQI. With a 0.97 correlation, they move nearly in lockstep. JEPQ charges 0.35%/yr vs 0.68%/yr for QQQI.

Performance

JEPQ vs. QQQI - Performance Comparison

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

Returns By Period

In the year-to-date period, JEPQ achieves a 8.77% return, which is significantly lower than QQQI's 10.87% return.

JEPQ

• 1D: -0.67%
• 1M: 2.05%
• YTD: 8.77%
• 6M: 11.72%
• 1Y: 27.22%
• 3Y*: 20.19%
• 5Y*: —
• 10Y*: —

QQQI

• 1D: -0.89%
• 1M: 1.10%
• YTD: 10.87%
• 6M: 13.62%
• 1Y: 26.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JEPQ vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	8.77%	15.18%	19.76%
QQQI NEOS Nasdaq-100 High Income ETF	10.87%	18.62%	19.44%

Correlation

The correlation between JEPQ and QQQI is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024	0.97

The correlation between JEPQ and QQQI has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

JEPQ vs. QQQI - Sectors Allocation Comparison

Sectors	JEPQ	QQQI
Technology	58.9%	58.1%
Communication Services	13.9%	14.2%
Consumer Cyclical	11.8%	11.3%
Consumer Defensive	6.0%	6.5%
Healthcare	3.9%	3.9%
Industrials	2.8%	3.0%
Utilities	1.1%	1.3%
Basic Materials	0.9%	1.0%
Financial Services	0.3%	0.2%
Energy	0.3%	0.5%
Real Estate	0.2%	0.1%

Return for Risk

JEPQ vs. QQQI — Risk / Return Rank

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

JEPQ

JEPQ Risk / Return Rank: 73
JEPQ Sharpe Ratio Rank: 72
JEPQ Sortino Ratio Rank: 67
JEPQ Omega Ratio Rank: 78
JEPQ Calmar Ratio Rank: 66
JEPQ Martin Ratio Rank: 81

QQQI

QQQI Risk / Return Rank: 62
QQQI Sharpe Ratio Rank: 60
QQQI Sortino Ratio Rank: 55
QQQI Omega Ratio Rank: 63
QQQI Calmar Ratio Rank: 60
QQQI Martin Ratio Rank: 70

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. QQQI - Risk-Adjusted Trends 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.

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	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.88	+0.27
Sortino ratio: Return per unit of downside risk	2.85	2.50	+0.36
Omega ratio: Gain probability vs. loss probability	1.43	1.35	+0.07
Calmar ratio: Return relative to maximum drawdown	3.10	2.81	+0.29
Martin ratio: Return relative to average drawdown	14.75	12.05	+2.70

JEPQ vs. QQQI - Sharpe Ratio Comparison

The current JEPQ Sharpe Ratio is 2.15, which is comparable to the QQQI Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of JEPQ and QQQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JEPQ vs. QQQI - Drawdown Comparison

The maximum JEPQ drawdown since its inception was -20.07%, roughly equal to the maximum QQQI drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for JEPQ and QQQI.

Drawdown Indicators

	JEPQ	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-20.07%	-20.00%	-0.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	-9.61%	+0.79%
Max Drawdown (3Y) Largest decline over 3 years	-20.07%	—	—
Current Drawdown Current decline from peak	-1.32%	-2.42%	+1.10%
Average Drawdown Average peak-to-trough decline	-3.40%	-2.21%	-1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	2.24%	-0.39%

Volatility

JEPQ vs. QQQI - Volatility Comparison

The current volatility for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is 5.51%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 6.81%. 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.

Volatility by Period

	JEPQ	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.51%	6.81%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	10.38%	11.66%	-1.28%
Volatility (1Y) Calculated over the trailing 1-year period	12.76%	14.39%	-1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.75%	17.42%	-0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.75%	17.42%	-0.67%

JEPQ vs. QQQI - Expense Ratio Comparison

JEPQ has a 0.35% expense ratio, which is lower than QQQI's 0.68% expense ratio.

Dividends

JEPQ vs. QQQI - Dividend Comparison

JEPQ's dividend yield for the trailing twelve months is around 10.14%, less than QQQI's 14.83% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.14%	10.53%	9.65%	10.03%	9.44%
QQQI NEOS Nasdaq-100 High Income ETF	14.83%	13.82%	12.85%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JEPQ and QQQI in my portfolio?

With a correlation of 0.97, JEPQ and QQQI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JEPQ or QQQI?

QQQI has higher volatility (6.81%) compared to JEPQ (5.51%). In terms of maximum drawdown, JEPQ dropped -20.07% vs QQQI's -20.00%.

Which ETF is better, JEPQ or QQQI?

On 1-year performance, JEPQ leads with 27.22% vs 26.87% for QQQI. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JEPQ has been the lower-risk option at 5.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JEPQ or QQQI?

Over the 1-year period, JEPQ has performed better with a 27.22% return vs 26.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JEPQ or QQQI?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.68% for QQQI.

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

QQQI has the higher dividend yield at 14.83%, compared with 10.14% for JEPQ.

What is the main difference between JEPQ and QQQI?

They also come from different issuers: JPMorgan and Neos. Their fees differ too: 0.35% for JEPQ and 0.68% for QQQI.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.15 vs 1.88), 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.