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JEPQ vs. SPYI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between JEPQ and SPYI is 0.89, 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.


-0.50.00.51.0
Correlation: 0.9

Performance

JEPQ vs. SPYI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and NEOS S&P 500 High Income ETF (SPYI). The values are adjusted to include any dividend payments, if applicable.

30.00%40.00%50.00%60.00%70.00%NovemberDecember2025FebruaryMarchApril
43.10%
28.90%
JEPQ
SPYI

Key characteristics

Sharpe Ratio

JEPQ:

0.15

SPYI:

0.38

Sortino Ratio

JEPQ:

0.29

SPYI:

0.56

Omega Ratio

JEPQ:

1.04

SPYI:

1.08

Calmar Ratio

JEPQ:

0.17

SPYI:

0.47

Martin Ratio

JEPQ:

0.63

SPYI:

1.95

Ulcer Index

JEPQ:

3.86%

SPYI:

2.38%

Daily Std Dev

JEPQ:

15.80%

SPYI:

12.09%

Max Drawdown

JEPQ:

-16.82%

SPYI:

-10.19%

Current Drawdown

JEPQ:

-14.02%

SPYI:

-9.82%

Returns By Period

In the year-to-date period, JEPQ achieves a -10.07% return, which is significantly lower than SPYI's -6.01% return.


JEPQ

YTD

-10.07%

1M

-7.92%

6M

-3.53%

1Y

2.22%

5Y*

N/A

10Y*

N/A

SPYI

YTD

-6.01%

1M

-5.44%

6M

-3.16%

1Y

4.47%

5Y*

N/A

10Y*

N/A

*Annualized

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JEPQ vs. SPYI - Expense Ratio Comparison

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


Expense ratio chart for SPYI: current value is 0.68%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPYI: 0.68%
Expense ratio chart for JEPQ: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
JEPQ: 0.35%

Risk-Adjusted Performance

JEPQ vs. SPYI — Risk-Adjusted Performance Rank

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

JEPQ
The Risk-Adjusted Performance Rank of JEPQ is 2525
Overall Rank
The Sharpe Ratio Rank of JEPQ is 2525
Sharpe Ratio Rank
The Sortino Ratio Rank of JEPQ is 2323
Sortino Ratio Rank
The Omega Ratio Rank of JEPQ is 2525
Omega Ratio Rank
The Calmar Ratio Rank of JEPQ is 2828
Calmar Ratio Rank
The Martin Ratio Rank of JEPQ is 2727
Martin Ratio Rank

SPYI
The Risk-Adjusted Performance Rank of SPYI is 4141
Overall Rank
The Sharpe Ratio Rank of SPYI is 3737
Sharpe Ratio Rank
The Sortino Ratio Rank of SPYI is 3333
Sortino Ratio Rank
The Omega Ratio Rank of SPYI is 3838
Omega Ratio Rank
The Calmar Ratio Rank of SPYI is 4646
Calmar Ratio Rank
The Martin Ratio Rank of SPYI is 4848
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

JEPQ vs. SPYI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and NEOS S&P 500 High Income ETF (SPYI). 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.


The chart of Sharpe ratio for JEPQ, currently valued at 0.15, compared to the broader market0.002.004.00
JEPQ: 0.15
SPYI: 0.38
The chart of Sortino ratio for JEPQ, currently valued at 0.29, compared to the broader market-2.000.002.004.006.008.0010.0012.00
JEPQ: 0.29
SPYI: 0.56
The chart of Omega ratio for JEPQ, currently valued at 1.04, compared to the broader market0.501.001.502.002.503.00
JEPQ: 1.04
SPYI: 1.08
The chart of Calmar ratio for JEPQ, currently valued at 0.17, compared to the broader market0.005.0010.0015.00
JEPQ: 0.17
SPYI: 0.47
The chart of Martin ratio for JEPQ, currently valued at 0.63, compared to the broader market0.0020.0040.0060.0080.00100.00
JEPQ: 0.63
SPYI: 1.95

The current JEPQ Sharpe Ratio is 0.15, which is lower than the SPYI Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of JEPQ and SPYI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50NovemberDecember2025FebruaryMarchApril
0.15
0.38
JEPQ
SPYI

Dividends

JEPQ vs. SPYI - Dividend Comparison

JEPQ's dividend yield for the trailing twelve months is around 11.69%, less than SPYI's 13.31% yield.


TTM202420232022
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF
11.69%9.65%10.02%9.44%
SPYI
NEOS S&P 500 High Income ETF
13.31%12.04%12.01%4.10%

Drawdowns

JEPQ vs. SPYI - Drawdown Comparison

The maximum JEPQ drawdown since its inception was -16.82%, which is greater than SPYI's maximum drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for JEPQ and SPYI. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-14.02%
-9.82%
JEPQ
SPYI

Volatility

JEPQ vs. SPYI - Volatility Comparison

JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a higher volatility of 8.26% compared to NEOS S&P 500 High Income ETF (SPYI) at 6.51%. This indicates that JEPQ's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%NovemberDecember2025FebruaryMarchApril
8.26%
6.51%
JEPQ
SPYI