JEPQ vs. QVAL
Compare and contrast key facts about JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Alpha Architect U.S. Quantitative Value ETF (QVAL).
JEPQ and QVAL 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. QVAL is a passively managed fund by EMPIRICAL FINANCE LLC that tracks the performance of the QVAL-US - Alpha Architect Quantitative Value Index. It was launched on Oct 22, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JEPQ or QVAL.
Key characteristics
| JEPQ | QVAL | |
|---|---|---|
| YTD Return | 5.03% | 6.55% |
| 1Y Return | 26.08% | 30.91% |
| Sharpe Ratio | 2.38 | 1.67 |
| Daily Std Dev | 11.05% | 17.44% |
| Max Drawdown | -16.82% | -51.49% |
| Current Drawdown | -5.17% | -4.32% |
Correlation
The correlation between JEPQ and QVAL is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
JEPQ vs. QVAL - Performance Comparison
In the year-to-date period, JEPQ achieves a 5.03% return, which is significantly lower than QVAL's 6.55% 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. QVAL - Expense Ratio Comparison
JEPQ has a 0.35% expense ratio, which is lower than QVAL's 0.49% expense ratio.
Risk-Adjusted Performance
JEPQ vs. QVAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Alpha Architect U.S. Quantitative Value ETF (QVAL). 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. QVAL - Dividend Comparison
JEPQ's dividend yield for the trailing twelve months is around 9.40%, more than QVAL's 1.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.40% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QVAL Alpha Architect U.S. Quantitative Value ETF | 1.55% | 1.76% | 2.00% | 1.23% | 1.86% | 1.99% | 1.64% | 1.08% | 1.30% | 1.37% | 0.15% |
Drawdowns
JEPQ vs. QVAL - Drawdown Comparison
The maximum JEPQ drawdown since its inception was -16.82%, smaller than the maximum QVAL drawdown of -51.49%. Use the drawdown chart below to compare losses from any high point for JEPQ and QVAL. For additional features, visit the drawdowns tool.
Volatility
JEPQ vs. QVAL - Volatility Comparison
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a higher volatility of 3.92% compared to Alpha Architect U.S. Quantitative Value ETF (QVAL) at 3.47%. This indicates that JEPQ's price experiences larger fluctuations and is considered to be riskier than QVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.