JETS vs. JEPQ
Compare and contrast key facts about U.S. Global Jets ETF (JETS) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
JETS and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JETS is a passively managed fund by US Global Investors that tracks the performance of the U.S. Global Jets Index. It was launched on Apr 28, 2015. JEPQ is an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JETS or JEPQ.
Key characteristics
| JETS | JEPQ | |
|---|---|---|
| YTD Return | 28.17% | 23.39% |
| 1Y Return | 48.18% | 28.15% |
| Sharpe Ratio | 2.16 | 2.38 |
| Sortino Ratio | 2.96 | 3.11 |
| Omega Ratio | 1.37 | 1.49 |
| Calmar Ratio | 1.08 | 2.71 |
| Martin Ratio | 8.16 | 11.74 |
| Ulcer Index | 6.77% | 2.48% |
| Daily Std Dev | 25.64% | 12.20% |
| Max Drawdown | -64.73% | -16.82% |
| Current Drawdown | -27.84% | 0.00% |
Correlation
The correlation between JETS and JEPQ is 0.56, 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
JETS vs. JEPQ - Performance Comparison
In the year-to-date period, JETS achieves a 28.17% return, which is significantly higher than JEPQ's 23.39% 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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JETS vs. JEPQ - Expense Ratio Comparison
JETS has a 0.60% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
JETS vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for U.S. Global Jets ETF (JETS) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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
JETS vs. JEPQ - Dividend Comparison
JETS has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 9.35%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
JETS U.S. Global Jets ETF | 0.00% | 0.00% | 0.00% | 0.67% | 0.04% | 1.24% | 0.63% | 1.57% | 0.58% | 0.17% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.35% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
JETS vs. JEPQ - Drawdown Comparison
The maximum JETS drawdown since its inception was -64.73%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for JETS and JEPQ. For additional features, visit the drawdowns tool.
Volatility
JETS vs. JEPQ - Volatility Comparison
U.S. Global Jets ETF (JETS) has a higher volatility of 8.40% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.33%. This indicates that JETS's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.