JETS vs. JEPQ

Last updated Jun 3, 2026

JETS (U.S. Global Jets ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - JETS is a Industrials Equities fund tracking the U.S. Global Jets Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, JETS returned 15.21%/yr vs 20.96%/yr for JEPQ. A 0.55 correlation means they provide meaningful diversification when combined. JETS charges 0.60%/yr vs 0.35%/yr for JEPQ.

Performance

JETS vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Jets ETF (JETS) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JETS achieves a 1.53% return, which is significantly lower than JEPQ's 9.65% return.

JETS

• 1D: -1.49%
• 1M: 10.64%
• YTD: 1.53%
• 6M: 7.82%
• 1Y: 25.97%
• 3Y*: 15.21%
• 5Y*: 1.81%
• 10Y*: 2.88%

JEPQ

• 1D: 0.26%
• 1M: 4.36%
• YTD: 9.65%
• 6M: 10.05%
• 1Y: 29.60%
• 3Y*: 20.96%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JETS vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JETS U.S. Global Jets ETF	1.53%	11.64%	33.21%	11.42%	-21.40%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.65%	15.18%	24.85%	36.28%	-12.89%

Correlation

The correlation between JETS and JEPQ is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.55

The correlation between JETS and JEPQ has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.

JETS vs. JEPQ - Sectors Allocation Comparison

Sectors	JETS	JEPQ
Industrials	88.8%	3.1%
Consumer Cyclical	8.6%	12.8%
Technology	2.6%	54.0%
Basic Materials	-	1.0%
Communication Services	-	15.4%
Consumer Defensive	-	7.1%
Energy	-	0.4%
Financial Services	-	0.4%
Healthcare	-	4.4%
Real Estate	-	0.2%
Utilities	-	1.3%

Return for Risk

JETS vs. JEPQ — Risk / Return Rank

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

JETS

JETS Risk / Return Rank: 24
JETS Sharpe Ratio Rank: 23
JETS Sortino Ratio Rank: 26
JETS Omega Ratio Rank: 24
JETS Calmar Ratio Rank: 23
JETS Martin Ratio Rank: 22

JEPQ

JEPQ Risk / Return Rank: 77
JEPQ Sharpe Ratio Rank: 77
JEPQ Sortino Ratio Rank: 73
JEPQ Omega Ratio Rank: 82
JEPQ Calmar Ratio Rank: 68
JEPQ Martin Ratio Rank: 83

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.

JETS vs. JEPQ - Risk-Adjusted Trends 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.

	JETS	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	0.80	2.54	-1.73
Sortino ratio Return per unit of downside risk	1.40	3.35	-1.95
Omega ratio Gain probability vs. loss probability	1.16	1.50	-0.34
Calmar ratio Return relative to maximum drawdown	1.10	3.42	-2.32
Martin ratio Return relative to average drawdown	2.82	16.82	-14.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JETS vs. JEPQ - Sharpe Ratio Comparison

The current JETS Sharpe Ratio is 0.80, which is lower than the JEPQ Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of JETS and JEPQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JETS	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	2.54	-1.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	1.01	-0.95

Drawdowns

JETS vs. JEPQ - Drawdown Comparison

The maximum JETS drawdown since its inception was -64.92%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for JETS and JEPQ.

Drawdown Indicators

	JETS	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-64.92%	-20.07%	-44.85%
Max Drawdown (1Y) Largest decline over 1 year	-24.13%	-8.82%	-15.31%
Max Drawdown (3Y) Largest decline over 3 years	-35.21%	-20.07%	-15.14%
Max Drawdown (5Y) Largest decline over 5 years	-44.36%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.92%	—	—
Current Drawdown Current decline from peak	-15.41%	0.00%	-15.41%
Average Drawdown Average peak-to-trough decline	-25.19%	-3.42%	-21.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.38%	1.79%	+7.59%

Volatility

JETS vs. JEPQ - Volatility Comparison

U.S. Global Jets ETF (JETS) has a higher volatility of 11.52% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.25%. 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.

Volatility by Period

	JETS	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.52%	1.25%	+10.27%
Volatility (6M) Calculated over the trailing 6-month period	24.11%	9.07%	+15.04%
Volatility (1Y) Calculated over the trailing 1-year period	32.52%	11.73%	+20.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.28%	16.62%	+15.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.18%	16.62%	+17.56%

JETS vs. JEPQ - Expense Ratio Comparison

JETS has a 0.60% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

JETS vs. JEPQ - Dividend Comparison

JETS's dividend yield for the trailing twelve months is around 0.82%, less than JEPQ's 10.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.06%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JETS U.S. Global Jets ETF	0.82%	0.83%	0.00%	0.00%	0.00%	0.67%	0.04%	1.24%	0.09%	1.57%	0.58%	0.17%

Frequently Asked Questions

Can I hold both JETS and JEPQ in my portfolio?

JETS and JEPQ have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JETS or JEPQ?

JETS has higher volatility (11.52%) compared to JEPQ (1.25%). In terms of maximum drawdown, JETS dropped -64.92% vs JEPQ's -20.07%.

Which ETF is better, JETS or JEPQ?

On 3-year performance, JEPQ leads with 20.96% vs 15.21% for JETS. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JEPQ has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JETS or JEPQ?

Over the 3-year period, JEPQ has performed better with a 20.96% return vs 15.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JETS or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.60% for JETS.

Which ETF pays a higher dividend yield, JETS or JEPQ?

JEPQ has the higher dividend yield at 10.06%, compared with 0.82% for JETS.

What is the main difference between JETS and JEPQ?

JETS is categorized as Industrials Equities, while JEPQ is Nasdaq-100. JETS tracks U.S. Global Jets Index, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: US Global and JPMorgan. Their fees differ too: 0.60% for JETS and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.54 vs 0.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.