JGRO vs. JEPQ

Last updated Jun 4, 2026

JGRO (JPMorgan Active Growth ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - JGRO is a Large Cap Growth Equities fund actively managed by JPMorgan, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. JGRO is actively managed, while JEPQ is passively managed. Over the past 3 years, JGRO returned 22.91%/yr vs 20.92%/yr for JEPQ. With a 0.95 correlation, they move nearly in lockstep. JGRO charges 0.44%/yr vs 0.35%/yr for JEPQ.

Performance

JGRO vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Active Growth ETF (JGRO) 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, JGRO achieves a 6.26% return, which is significantly lower than JEPQ's 9.54% return.

JGRO

• 1D: -0.89%
• 1M: 4.92%
• YTD: 6.26%
• 6M: 4.91%
• 1Y: 20.80%
• 3Y*: 22.91%
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: -0.10%
• 1M: 4.31%
• YTD: 9.54%
• 6M: 9.75%
• 1Y: 29.00%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —

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

JGRO vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JGRO JPMorgan Active Growth ETF	6.26%	14.71%	32.77%	37.74%	-10.03%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.54%	15.18%	24.85%	36.28%	-10.70%

Correlation

The correlation between JGRO and JEPQ is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022	0.95

The correlation between JGRO and JEPQ has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

JGRO vs. JEPQ - Sectors Allocation Comparison

Sectors	JGRO	JEPQ
Technology	42.0%	54.0%
Communication Services	13.9%	15.4%
Consumer Cyclical	11.7%	12.8%
Healthcare	11.0%	4.4%
Industrials	9.2%	3.1%
Financial Services	5.6%	0.4%
Consumer Defensive	4.1%	7.1%
Energy	1.9%	0.4%
Basic Materials	0.3%	1.0%
Real Estate	0.3%	0.2%
Utilities	0.1%	1.3%

Return for Risk

JGRO vs. JEPQ — Risk / Return Rank

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

JGRO

JGRO Risk / Return Rank: 32
JGRO Sharpe Ratio Rank: 37
JGRO Sortino Ratio Rank: 35
JGRO Omega Ratio Rank: 36
JGRO Calmar Ratio Rank: 26
JGRO Martin Ratio Rank: 27

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 74
JEPQ Sortino Ratio Rank: 71
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

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.

JGRO vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active Growth ETF (JGRO) 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.

	JGRO	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.36	2.49	-1.13
Sortino ratio: Return per unit of downside risk	1.89	3.29	-1.40
Omega ratio: Gain probability vs. loss probability	1.24	1.49	-0.25
Calmar ratio: Return relative to maximum drawdown	1.27	3.31	-2.03
Martin ratio: Return relative to average drawdown	3.83	16.22	-12.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JGRO vs. JEPQ - Sharpe Ratio Comparison

The current JGRO Sharpe Ratio is 1.36, which is lower than the JEPQ Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of JGRO 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

	JGRO	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	2.49	-1.13
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	1.00	+0.01

Drawdowns

JGRO vs. JEPQ - Drawdown Comparison

The maximum JGRO drawdown since its inception was -22.70%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for JGRO and JEPQ.

Drawdown Indicators

	JGRO	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-22.70%	-20.07%	-2.63%
Max Drawdown (1Y) Largest decline over 1 year	-16.44%	-8.82%	-7.62%
Max Drawdown (3Y) Largest decline over 3 years	-22.70%	-20.07%	-2.63%
Current Drawdown Current decline from peak	-0.89%	-0.10%	-0.79%
Average Drawdown Average peak-to-trough decline	-4.85%	-3.42%	-1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.44%	1.79%	+3.65%

Volatility

JGRO vs. JEPQ - Volatility Comparison

JPMorgan Active Growth ETF (JGRO) has a higher volatility of 3.79% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.26%. This indicates that JGRO'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

	JGRO	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	1.26%	+2.53%
Volatility (6M) Calculated over the trailing 6-month period	11.43%	9.07%	+2.36%
Volatility (1Y) Calculated over the trailing 1-year period	15.40%	11.73%	+3.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.89%	16.61%	+3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.89%	16.61%	+3.28%

JGRO vs. JEPQ - Expense Ratio Comparison

JGRO has a 0.44% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

JGRO vs. JEPQ - Dividend Comparison

JGRO's dividend yield for the trailing twelve months is around 0.15%, less than JEPQ's 10.07% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.07%	10.53%	9.65%	10.03%	9.44%
JGRO JPMorgan Active Growth ETF	0.15%	0.16%	0.10%	0.17%	0.16%

Frequently Asked Questions

Can I hold both JGRO and JEPQ in my portfolio?

With a correlation of 0.91, JGRO and JEPQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JGRO or JEPQ?

JGRO has higher volatility (3.79%) compared to JEPQ (1.26%). In terms of maximum drawdown, JGRO dropped -22.70% vs JEPQ's -20.07%.

Which ETF is better, JGRO or JEPQ?

On 3-year performance, JGRO leads with 22.91% vs 20.92% for JEPQ. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JEPQ has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JGRO or JEPQ?

Over the 3-year period, JGRO has performed better with a 22.91% return vs 20.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JGRO or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.44% for JGRO.

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

JEPQ has the higher dividend yield at 10.07%, compared with 0.15% for JGRO.

What is the main difference between JGRO and JEPQ?

JGRO is categorized as Large Cap Growth Equities, while JEPQ is Nasdaq-100. Their fees differ too: 0.44% for JGRO and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.49 vs 1.36), 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.