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JPEQ.AX vs. DIVO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JPEQ.AX vs. DIVO

Last updated Jun 5, 2026

JPEQ.AX (JPMorgan US 100Q Equity Premium Income Active ETF) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both Derivative Income funds. Both are actively managed. Over the past 3 years, JPEQ.AX returned 15.67%/yr vs 13.13%/yr for DIVO. At a 0.08 correlation, their price movements are largely independent.

Performance

JPEQ.AX vs. DIVO - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) and Amplify CWP Enhanced Dividend Income ETF (DIVO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

JPEQ.AX is traded in AUD, while DIVO is traded in USD. To make them comparable, the DIVO values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, JPEQ.AX achieves a 1.25% return, which is significantly higher than DIVO's 0.10% return.

JPEQ.AX

1D
0.03%
1M
4.55%
YTD
1.25%
6M
1.22%
1Y
14.54%
3Y*
15.67%
5Y*
—
10Y*
—

DIVO

1D
1.34%
1M
3.91%
YTD
0.10%
6M
-0.89%
1Y
9.37%
3Y*
13.13%
5Y*
12.75%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

JPEQ.AX vs. DIVO - Yearly Performance Comparison

2026 (YTD)202520242023
JPEQ.AX
JPMorgan US 100Q Equity Premium Income Active ETF		1.25%4.62%36.45%10.03%
DIVO
Amplify CWP Enhanced Dividend Income ETF		0.10%8.88%27.91%4.49%

Correlation

The correlation between JPEQ.AX and DIVO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.12

Correlation (3Y)
Calculated over the trailing 3-year period

0.08

Correlation (All Time)
Calculated using the full available price history since May 24, 2023

0.08

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan US 100Q Equity Premium Income Active ETF

Amplify CWP Enhanced Dividend Income ETF

Often compared with JPEQ.AX:
JPEQ.AX vs. JEPQJPEQ.AX vs. QQQJPEQ.AX vs. SCHGJPEQ.AX vs. FUSD.LJPEQ.AX vs. BRK-BJPEQ.AX vs. QDTEJPEQ.AX vs. SPUS
Often compared with DIVO:
DIVO vs. JEPIDIVO vs. SCHDDIVO vs. QDVODIVO vs. JEPQDIVO vs. IDVODIVO vs. DIVDIVO vs. DGRO

Return for Risk

JPEQ.AX vs. DIVO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JPEQ.AX
JPEQ.AX Risk / Return Rank: 3434
Overall Rank
JPEQ.AX Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
JPEQ.AX Sortino Ratio Rank: 3636
Sortino Ratio Rank
JPEQ.AX Omega Ratio Rank: 3838
Omega Ratio Rank
JPEQ.AX Calmar Ratio Rank: 3131
Calmar Ratio Rank
JPEQ.AX Martin Ratio Rank: 2929
Martin Ratio Rank
DIVO
DIVO Risk / Return Rank: 6969
Overall Rank
DIVO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
DIVO Sortino Ratio Rank: 7373
Sortino Ratio Rank
DIVO Omega Ratio Rank: 6666
Omega Ratio Rank
DIVO Calmar Ratio Rank: 6868
Calmar Ratio Rank
DIVO Martin Ratio Rank: 6767
Martin Ratio Rank
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.

JPEQ.AX vs. DIVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) and Amplify CWP Enhanced Dividend Income ETF (DIVO). 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.

JPEQ.AXDIVODifference
Sharpe ratioReturn per unit of total volatility
1.32
1.02

+0.30

Sortino ratioReturn per unit of downside risk
1.85
1.51

+0.34

Omega ratioGain probability vs. loss probability

1.24

1.17

+0.07

Calmar ratioReturn relative to maximum drawdown

1.50

1.37

+0.13

Martin ratioReturn relative to average drawdown

4.05

3.35

+0.70

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPEQ.AX vs. DIVO - Sharpe Ratio Comparison

The current JPEQ.AX Sharpe Ratio is 1.32, which is comparable to the DIVO Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of JPEQ.AX and DIVO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

JPEQ.AXDIVODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.32

1.02

+0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.12

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.09

0.92

+0.17

Drawdowns

JPEQ.AX vs. DIVO - Drawdown Comparison

The maximum JPEQ.AX drawdown since its inception was -18.42%, smaller than the maximum DIVO drawdown of -19.92%. Use the drawdown chart below to compare losses from any high point for JPEQ.AX and DIVO.

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Drawdown Indicators

JPEQ.AXDIVODifference

Max Drawdown

Largest peak-to-trough decline

-18.42%

-19.92%

+1.50%

Max Drawdown (1Y)

Largest decline over 1 year

-9.59%

-6.85%

-2.74%

Max Drawdown (3Y)

Largest decline over 3 years

-18.42%

-12.39%

-6.03%

Max Drawdown (5Y)

Largest decline over 5 years

—

-12.39%

—

Current Drawdown

Current decline from peak

0.00%

-2.13%

+2.13%

Average Drawdown

Average peak-to-trough decline

-3.03%

-2.79%

-0.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.57%

2.81%

+0.76%

Volatility

JPEQ.AX vs. DIVO - Volatility Comparison

The current volatility for JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) is 1.55%, while Amplify CWP Enhanced Dividend Income ETF (DIVO) has a volatility of 2.49%. This indicates that JPEQ.AX experiences smaller price fluctuations and is considered to be less risky than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JPEQ.AXDIVODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.55%

2.49%

-0.94%

Volatility (6M)

Calculated over the trailing 6-month period

8.37%

7.07%

+1.30%

Volatility (1Y)

Calculated over the trailing 1-year period

10.96%

9.25%

+1.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.04%

11.40%

+3.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.04%

14.29%

+0.75%

Dividends

JPEQ.AX vs. DIVO - Dividend Comparison

JPEQ.AX's dividend yield for the trailing twelve months is around 8.92%, more than DIVO's 6.35% yield.

PositionTTM202520242023202220212020201920182017
DIVO
Amplify CWP Enhanced Dividend Income ETF		6.35%6.44%4.70%4.67%4.76%4.79%4.91%8.16%5.27%3.83%
JPEQ.AX
JPMorgan US 100Q Equity Premium Income Active ETF		8.92%9.00%7.40%4.88%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

JPEQ.AX and DIVO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: JPMorgan and Amplify.

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