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JEPQ vs. QYLD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JEPQ vs. QYLD

Last updated Apr 15, 2026

JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both Nasdaq-100 funds — JEPQ tracks the Nasdaq-100 Index while QYLD tracks the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Over the past 3 years, JEPQ returned 21.24%/yr vs 13.72%/yr for QYLD. Their correlation of 0.91 suggests significant overlap in exposure. JEPQ charges 0.35%/yr vs 0.60%/yr for QYLD.

Performance

JEPQ vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, JEPQ achieves a 3.17% return, which is significantly higher than QYLD's 2.82% return.

JEPQ

1D
0.69%
1M
4.27%
YTD
3.17%
6M
8.04%
1Y
30.61%
3Y*
21.24%
5Y*
—
10Y*
—

QYLD

1D
0.06%
1M
2.05%
YTD
2.82%
6M
9.50%
1Y
20.88%
3Y*
13.72%
5Y*
7.35%
10Y*
9.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JEPQ vs. QYLD - Yearly Performance Comparison

2026 (YTD)2025202420232022
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		3.17%15.18%24.85%36.28%-12.89%
QYLD
Global X NASDAQ 100 Covered Call ETF		2.82%9.28%19.35%22.77%-14.65%

Correlation

The correlation between JEPQ and QYLD is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.89

Correlation (3Y)
Calculated over the trailing 3-year period

0.91

Correlation (All Time)
Calculated using the full available price history since May 5, 2022

0.91

The correlation between JEPQ and QYLD has been stable across timeframes, ranging from 0.89 to 0.91 — a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan Nasdaq Equity Premium Income ETF

Global X NASDAQ 100 Covered Call ETF

Often compared with JEPQ:
JEPQ vs. JEPIJEPQ vs. QQQIJEPQ vs. QQQJEPQ vs. SCHDJEPQ vs. GPIQJEPQ vs. SPYIJEPQ vs. QQQM
Often compared with QYLD:
QYLD vs. JEPIQYLD vs. QQQQYLD vs. XYLDQYLD vs. RYLDQYLD vs. SCHDQYLD vs. QYLGQYLD vs. SPY

Return for Risk

JEPQ vs. QYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JEPQ
JEPQ Risk / Return Rank: 7070
Overall Rank
JEPQ Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
JEPQ Sortino Ratio Rank: 6060
Sortino Ratio Rank
JEPQ Omega Ratio Rank: 7171
Omega Ratio Rank
JEPQ Calmar Ratio Rank: 6969
Calmar Ratio Rank
JEPQ Martin Ratio Rank: 8484
Martin Ratio Rank
QYLD
QYLD Risk / Return Rank: 7474
Overall Rank
QYLD Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
QYLD Sortino Ratio Rank: 5555
Sortino Ratio Rank
QYLD Omega Ratio Rank: 7878
Omega Ratio Rank
QYLD Calmar Ratio Rank: 8484
Calmar Ratio Rank
QYLD Martin Ratio Rank: 9393
Martin Ratio Rank
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. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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.

JEPQQYLDDifference

Sharpe ratio

Return per unit of total volatility

2.41

2.27

+0.14

Sortino ratio

Return per unit of downside risk

3.19

3.06

+0.14

Omega ratio

Gain probability vs. loss probability

1.47

1.51

-0.04

Calmar ratio

Return relative to maximum drawdown

3.80

4.89

-1.09

Martin ratio

Return relative to average drawdown

18.20

25.96

-7.76

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JEPQ vs. QYLD - Sharpe Ratio Comparison

The current JEPQ Sharpe Ratio is 2.41, which is comparable to the QYLD Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of JEPQ and QYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

JEPQQYLDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.41

2.27

+0.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.50

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.59

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.92

0.57

+0.35

Drawdowns

JEPQ vs. QYLD - Drawdown Comparison

The maximum JEPQ drawdown since its inception was -20.07%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for JEPQ and QYLD.

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Drawdown Indicators

JEPQQYLDDifference

Max Drawdown

Largest peak-to-trough decline

-20.07%

-24.75%

+4.68%

Max Drawdown (1Y)

Largest decline over 1 year

-8.82%

-4.97%

-3.85%

Max Drawdown (5Y)

Largest decline over 5 years

—

-24.61%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-24.75%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.54%

-3.88%

+0.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.84%

0.94%

+0.90%

Volatility

JEPQ vs. QYLD - Volatility Comparison

JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a higher volatility of 5.91% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 4.54%. This indicates that JEPQ's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JEPQQYLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.91%

4.54%

+1.37%

Volatility (6M)

Calculated over the trailing 6-month period

10.51%

7.39%

+3.12%

Volatility (1Y)

Calculated over the trailing 1-year period

12.83%

9.32%

+3.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.88%

14.85%

+2.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.88%

15.52%

+1.36%

JEPQ vs. QYLD - Expense Ratio Comparison

JEPQ has a 0.35% expense ratio, which is lower than QYLD's 0.60% expense ratio.

Dividends

JEPQ vs. QYLD - Dividend Comparison

JEPQ's dividend yield for the trailing twelve months is around 10.59%, less than QYLD's 11.60% yield.

TTM20252024202320222021202020192018201720162015
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		10.59%10.53%9.65%10.03%9.44%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QYLD
Global X NASDAQ 100 Covered Call ETF		11.60%11.55%12.50%11.78%13.75%12.85%11.16%9.84%12.44%7.69%9.15%9.42%