JMMF vs. JEPQ
JMMF (JPMorgan 100% U.S. Treasury Securities Money Market ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - JMMF is a Money Market fund actively managed by JPMorgan, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. JMMF is actively managed, while JEPQ is passively managed. Their -0.03 correlation means they have often moved in opposite directions in the past. JMMF charges 0.16%/yr vs 0.35%/yr for JEPQ.
Performance
JMMF vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, JMMF achieves a 2.03% return, which is significantly lower than JEPQ's 6.05% return.
JMMF
- 1D
- 0.05%
- 1M
- 0.29%
- 6M
- 1.81%
- YTD
- 2.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
JEPQ
- 1D
- 0.57%
- 1M
- -1.92%
- 6M
- 3.71%
- YTD
- 6.05%
- 1Y
- 19.59%
- 3Y*
- 17.49%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $439.89M | $417.31M | $422.49M | |
| $727.29K | $634.56K | $536.73K |
JMMF vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF | 2.03% | 0.17% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 6.05% | -0.61% |
Correlation
The correlation between JMMF and JEPQ is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | -0.03 |
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Return for Risk
JMMF vs. JEPQ — Risk / Return Rank
JMMF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JEPQ
JMMF vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan 100% U.S. Treasury Securities Money Market ETF (JMMF) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JMMF | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.02 | — |
| Martin ratioReturn relative to average drawdown | — | 8.30 | — |
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Drawdowns
JMMF vs. JEPQ - Drawdown Comparison
The maximum JMMF drawdown since its inception was -0.14%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for JMMF and JEPQ.
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Drawdown Indicators
| JMMF | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.14% | -20.07% | +19.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.82% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.07% | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.23% | +4.23% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -3.38% | +3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.14% | — |
Volatility
JMMF vs. JEPQ - Volatility Comparison
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Volatility by Period
| JMMF | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.50% | 14.65% | -14.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.50% | 16.90% | -16.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.50% | 16.90% | -16.40% |
JMMF vs. JEPQ - Expense Ratio Comparison
JMMF has a 0.16% expense ratio, which is lower than JEPQ's 0.35% expense ratio.
Dividends
JMMF vs. JEPQ - Dividend Comparison
JMMF's dividend yield for the trailing twelve months is around 2.20%, less than JEPQ's 10.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.99% | 10.53% | 9.65% | 10.03% | 9.44% |
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF | 2.20% | 0.20% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JMMF and JEPQ have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMMF is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMMF is cheaper with a 0.16% expense ratio, compared with 0.35% for JEPQ.
JEPQ has the higher dividend yield at 9.99%, compared with 2.20% for JMMF.
JMMF is categorized as Money Market, while JEPQ is Nasdaq-100. Their fees differ too: 0.16% for JMMF and 0.35% for JEPQ.
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