JEPQ vs. QYLD
Compare and contrast key facts about JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Global X NASDAQ 100 Covered Call ETF (QYLD).
JEPQ and QYLD 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. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JEPQ or QYLD.
Performance
JEPQ vs. QYLD - Performance Comparison
Returns By Period
In the year-to-date period, JEPQ achieves a 22.43% return, which is significantly higher than QYLD's 15.85% return.
JEPQ
22.43%
2.46%
9.42%
26.56%
N/A
N/A
QYLD
15.85%
0.23%
9.06%
19.50%
7.28%
8.43%
Key characteristics
| JEPQ | QYLD | |
|---|---|---|
| Sharpe Ratio | 2.15 | 1.86 |
| Sortino Ratio | 2.82 | 2.54 |
| Omega Ratio | 1.44 | 1.45 |
| Calmar Ratio | 2.47 | 2.49 |
| Martin Ratio | 10.68 | 13.46 |
| Ulcer Index | 2.48% | 1.43% |
| Daily Std Dev | 12.33% | 10.35% |
| Max Drawdown | -16.82% | -24.75% |
| Current Drawdown | -0.78% | -1.93% |
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JEPQ vs. QYLD - Expense Ratio Comparison
JEPQ has a 0.35% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Correlation
The correlation between JEPQ and QYLD is 0.91, 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. QYLD - Risk-Adjusted Performance 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.
Dividends
JEPQ vs. QYLD - Dividend Comparison
JEPQ's dividend yield for the trailing twelve months is around 9.42%, less than QYLD's 11.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.42% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.69% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
JEPQ vs. QYLD - Drawdown Comparison
The maximum JEPQ drawdown since its inception was -16.82%, 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. For additional features, visit the drawdowns tool.
Volatility
JEPQ vs. QYLD - Volatility Comparison
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a higher volatility of 3.86% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 3.54%. 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.