JPEQ.AX vs. GPIX
JPEQ.AX (JPMorgan US 100Q Equity Premium Income Active ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, JPEQ.AX returned 14.54% vs 14.97% for GPIX. At a 0.09 correlation, their price movements are largely independent.
Performance
JPEQ.AX vs. GPIX - Performance Comparison
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Different Trading Currencies
JPEQ.AX is traded in AUD, while GPIX is traded in USD. To make them comparable, the GPIX 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 lower than GPIX's 3.49% return.
JPEQ.AX
- 1D
- 0.03%
- 1M
- 4.55%
- YTD
- 1.25%
- 6M
- 1.22%
- 1Y
- 14.54%
- 3Y*
- 15.67%
- 5Y*
- —
- 10Y*
- —
GPIX
- 1D
- 0.60%
- 1M
- 5.01%
- YTD
- 3.49%
- 6M
- 2.83%
- 1Y
- 14.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPEQ.AX vs. GPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JPEQ.AX JPMorgan US 100Q Equity Premium Income Active ETF | 1.25% | 4.62% | 36.45% | 2.56% |
GPIX Goldman Sachs S&P 500 Premium Income ETF | 3.49% | 7.80% | 34.02% | 5.30% |
Correlation
The correlation between JPEQ.AX and GPIX is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.09 |
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Return for Risk
JPEQ.AX vs. GPIX — Risk / Return Rank
JPEQ.AX
GPIX
JPEQ.AX vs. GPIX - 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 Goldman Sachs S&P 500 Premium Income ETF (GPIX). 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.AX | GPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.54 | -0.04 |
| Martin ratioReturn relative to average drawdown | 4.05 | 4.36 | -0.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JPEQ.AX | GPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.68 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 1.52 | -0.42 |
Drawdowns
JPEQ.AX vs. GPIX - Drawdown Comparison
The maximum JPEQ.AX drawdown since its inception was -18.42%, which is greater than GPIX's maximum drawdown of -16.32%. Use the drawdown chart below to compare losses from any high point for JPEQ.AX and GPIX.
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Drawdown Indicators
| JPEQ.AX | GPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.42% | -16.32% | -2.10% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -9.76% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -18.42% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -2.35% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 3.44% | +0.13% |
Volatility
JPEQ.AX vs. GPIX - Volatility Comparison
JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) and Goldman Sachs S&P 500 Premium Income ETF (GPIX) have volatilities of 1.55% and 1.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPEQ.AX | GPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.51% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 6.85% | +1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.96% | 8.95% | +2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.04% | 12.67% | +2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.04% | 12.67% | +2.37% |
Dividends
JPEQ.AX vs. GPIX - Dividend Comparison
JPEQ.AX's dividend yield for the trailing twelve months is around 8.92%, more than GPIX's 7.97% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GPIX Goldman Sachs S&P 500 Premium Income ETF | 7.97% | 8.01% | 7.45% | 1.40% |
JPEQ.AX JPMorgan US 100Q Equity Premium Income Active ETF | 8.92% | 9.00% | 7.40% | 4.88% |
Frequently Asked Questions
JPEQ.AX and GPIX have a correlation of 0.10, 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 Goldman Sachs.
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