JMTG vs. JEPQ

Last updated Apr 2, 2026

Compare and contrast key facts about JPMorgan Mortgage-Backed Securities ETF (JMTG) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).

JMTG and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JMTG is an actively managed fund by JPMorgan. It was launched on Aug 18, 2000. JEPQ is a passively managed fund by JPMorgan that tracks the performance of the Nasdaq-100 Index. It was launched on May 3, 2022.

Performance

JMTG vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Mortgage-Backed Securities ETF (JMTG) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

JMTG vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025
JMTG JPMorgan Mortgage-Backed Securities ETF	0.60%	3.90%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	-1.88%	13.48%

Returns By Period

In the year-to-date period, JMTG achieves a 0.60% return, which is significantly higher than JEPQ's -1.88% return.

JMTG

• 1D: 0.01%
• 1M: -1.21%
• YTD: 0.60%
• 6M: 1.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: 1.02%
• 1M: -2.60%
• YTD: -1.88%
• 6M: 2.46%
• 1Y: 20.16%
• 3Y*: 19.46%
• 5Y*: —
• 10Y*: —

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

JMTG vs. JEPQ - Expense Ratio Comparison

JMTG has a 0.24% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

JMTG

JPMorgan Mortgage-Backed Securities ETF

Return for Risk

JMTG vs. JEPQ — Risk / Return Rank

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

JEPQ

JEPQ Risk / Return Rank: 68
JEPQ Sharpe Ratio Rank: 60
JEPQ Sortino Ratio Rank: 63
JEPQ Omega Ratio Rank: 71
JEPQ Calmar Ratio Rank: 69
JEPQ Martin Ratio Rank: 79

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.

JMTG vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mortgage-Backed Securities ETF (JMTG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	JMTG	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.65	0.84	+0.81

Correlation

The correlation between JMTG and JEPQ is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

JMTG vs. JEPQ - Dividend Comparison

JMTG's dividend yield for the trailing twelve months is around 3.16%, less than JEPQ's 11.14% yield.

	TTM	2025	2024	2023	2022
JMTG JPMorgan Mortgage-Backed Securities ETF	3.16%	2.10%	0.00%	0.00%	0.00%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	11.14%	10.53%	9.65%	10.03%	9.44%

Drawdowns

JMTG vs. JEPQ - Drawdown Comparison

The maximum JMTG drawdown since its inception was -2.64%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for JMTG and JEPQ.

Drawdown Indicators

	JMTG	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-2.64%	-20.07%	+17.43%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.58%	—
Current Drawdown Current decline from peak	-1.65%	-4.89%	+3.24%
Average Drawdown Average peak-to-trough decline	-0.46%	-3.55%	+3.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.36%	—

Volatility

Volatility by Period

	JMTG	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	18.54%	-14.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.67%	16.91%	-13.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.67%	16.91%	-13.24%