JPEQ.AX vs. QDTE

Last updated Apr 2, 2026

Compare and contrast key facts about JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE).

JPEQ.AX and QDTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPEQ.AX is an actively managed fund by JPMorgan. It was launched on May 23, 2023. QDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024.

Performance

JPEQ.AX vs. QDTE - 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 Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE). The values are adjusted to include any dividend payments, if applicable.

JPEQ.AX vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JPEQ.AX JPMorgan US 100Q Equity Premium Income Active ETF	-6.01%	4.60%	21.74%
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF	-6.86%	10.66%	24.16%

Different Trading Currencies

JPEQ.AX is traded in AUD, while QDTE is traded in USD. To make them comparable, the QDTE 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 -6.01% return, which is significantly higher than QDTE's -6.86% return.

JPEQ.AX

• 1D: 2.29%
• 1M: 0.65%
• YTD: -6.01%
• 6M: -2.36%
• 1Y: 7.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: 1.73%
• 1M: -1.34%
• YTD: -6.86%
• 6M: -3.59%
• 1Y: 10.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPEQ.AX vs. QDTE - Expense Ratio Comparison

QDTE

Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF

Return for Risk

JPEQ.AX vs. QDTE — 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: 26
JPEQ.AX Sharpe Ratio Rank: 23
JPEQ.AX Sortino Ratio Rank: 24
JPEQ.AX Omega Ratio Rank: 25
JPEQ.AX Calmar Ratio Rank: 29
JPEQ.AX Martin Ratio Rank: 26

QDTE

QDTE Risk / Return Rank: 58
QDTE Sharpe Ratio Rank: 60
QDTE Sortino Ratio Rank: 54
QDTE Omega Ratio Rank: 56
QDTE Calmar Ratio Rank: 59
QDTE Martin Ratio Rank: 59

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. QDTE - 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 Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE). 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	QDTE	Difference
Sharpe ratio Return per unit of total volatility	0.43	0.57	-0.14
Sortino ratio Return per unit of downside risk	0.74	0.84	-0.10
Omega ratio Gain probability vs. loss probability	1.10	1.13	-0.02
Calmar ratio Return relative to maximum drawdown	0.72	0.66	+0.06
Martin ratio Return relative to average drawdown	2.06	2.16	-0.10
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. QDTE - Sharpe Ratio Comparison

The current JPEQ.AX Sharpe Ratio is 0.43, which is comparable to the QDTE Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of JPEQ.AX and QDTE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JPEQ.AX	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.43	0.57	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.72	+0.11

Correlation

The correlation between JPEQ.AX and QDTE is 0.10, 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

JPEQ.AX vs. QDTE - Dividend Comparison

JPEQ.AX's dividend yield for the trailing twelve months is around 9.71%, less than QDTE's 51.17% yield.

	TTM	2025	2024	2023
JPEQ.AX JPMorgan US 100Q Equity Premium Income Active ETF	9.71%	8.98%	7.40%	4.88%
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF	51.17%	49.49%	32.09%	0.00%

Drawdowns

JPEQ.AX vs. QDTE - Drawdown Comparison

The maximum JPEQ.AX drawdown since its inception was -18.42%, smaller than the maximum QDTE drawdown of -23.84%. Use the drawdown chart below to compare losses from any high point for JPEQ.AX and QDTE.

Drawdown Indicators

	JPEQ.AX	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-18.42%	-22.86%	+4.44%
Max Drawdown (1Y) Largest decline over 1 year	-9.89%	-14.08%	+4.19%
Current Drawdown Current decline from peak	-7.09%	-6.92%	-0.17%
Average Drawdown Average peak-to-trough decline	-3.01%	-3.30%	+0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	3.68%	-0.33%

Volatility

JPEQ.AX vs. QDTE - Volatility Comparison

JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) has a higher volatility of 5.41% compared to Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) at 4.82%. This indicates that JPEQ.AX's price experiences larger fluctuations and is considered to be riskier than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPEQ.AX	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	4.82%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	9.35%	10.12%	-0.77%
Volatility (1Y) Calculated over the trailing 1-year period	17.26%	18.08%	-0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.07%	17.62%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.07%	17.62%	-1.55%