JOYT vs. JEPQ

Last updated Jun 3, 2026

JOYT (JPMorgan Equity And Options Total Return ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - JOYT is a Derivative Income fund actively managed by JPMorgan, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. JOYT is actively managed, while JEPQ is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.

Performance

JOYT vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity And Options Total Return ETF (JOYT) 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, JOYT achieves a 5.28% return, which is significantly lower than JEPQ's 9.65% return.

JOYT

• 1D: 0.14%
• 1M: 2.95%
• YTD: 5.28%
• 6M: 7.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

JOYT vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025
JOYT JPMorgan Equity And Options Total Return ETF	5.28%	9.58%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.65%	9.57%

Correlation

The correlation between JOYT and JEPQ is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	0.92

JOYT vs. JEPQ - Sectors Allocation Comparison

Sectors	JOYT	JEPQ
Technology	35.9%	54.0%
Financial Services	11.6%	0.4%
Communication Services	10.3%	15.4%
Consumer Cyclical	9.7%	12.8%
Healthcare	8.2%	4.4%
Industrials	6.2%	3.1%
Consumer Defensive	4.6%	7.1%
Energy	3.6%	0.4%
Utilities	3.1%	1.3%
Real Estate	1.6%	0.2%
Basic Materials	0.8%	1.0%

Return for Risk

JOYT 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: 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.

JOYT vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity And Options Total Return ETF (JOYT) 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

	JOYT	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.14	1.01	+1.13

Drawdowns

JOYT vs. JEPQ - Drawdown Comparison

The maximum JOYT drawdown since its inception was -6.99%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for JOYT and JEPQ.

Drawdown Indicators

	JOYT	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-6.99%	-20.07%	+13.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.07%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.88%	-3.42%	+2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.79%	—

Volatility

Volatility by Period

	JOYT	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.41%	11.73%	-2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.41%	16.62%	-7.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.41%	16.62%	-7.21%

JOYT vs. JEPQ - Expense Ratio Comparison

Both JOYT and JEPQ have an expense ratio of 0.35%.

Dividends

JOYT vs. JEPQ - Dividend Comparison

JOYT's dividend yield for the trailing twelve months is around 0.45%, less than JEPQ's 10.06% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.06%	10.53%	9.65%	10.03%	9.44%
JOYT JPMorgan Equity And Options Total Return ETF	0.45%	0.28%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JOYT and JEPQ in my portfolio?

With a correlation of 0.92, JOYT 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 ETF is better, JOYT or JEPQ?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JOYT or JEPQ?

JOYT and JEPQ have the same expense ratio: 0.35% per year.

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

JEPQ has the higher dividend yield at 10.06%, compared with 0.45% for JOYT.

What is the main difference between JOYT and JEPQ?

JOYT is categorized as Derivative Income, while JEPQ is Nasdaq-100.