JPEQ.AX vs. QQQI
JPEQ.AX (JPMorgan US 100Q Equity Premium Income Active ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - JPEQ.AX is a Derivative Income fund actively managed by JPMorgan, while QQQI is a Nasdaq-100 fund actively managed by Neos. Both are actively managed. Over the past year, JPEQ.AX returned 12.33% vs 14.23% for QQQI. At a 0.12 correlation, their price movements are largely independent.
Performance
JPEQ.AX vs. QQQI - Performance Comparison
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Different Trading Currencies
JPEQ.AX is traded in AUD, while QQQI is traded in USD. To make them comparable, the QQQI 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 2.72% return, which is significantly lower than QQQI's 6.24% return.
JPEQ.AX
- 1D
- -1.17%
- 1M
- 1.52%
- 6M
- 1.64%
- YTD
- 2.72%
- 1Y
- 12.33%
- 3Y*
- 16.43%
- 5Y*
- —
- 10Y*
- —
QQQI
- 1D
- -0.45%
- 1M
- -0.84%
- 6M
- 5.63%
- YTD
- 6.24%
- 1Y
- 14.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPEQ.AX vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JPEQ.AX JPMorgan US 100Q Equity Premium Income Active ETF | 2.72% | 4.54% | 28.26% |
QQQI NEOS Nasdaq-100 High Income ETF | 6.24% | 10.01% | 27.42% |
Correlation
The correlation between JPEQ.AX and QQQI is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024 | 0.12 |
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Return for Risk
JPEQ.AX vs. QQQI — Risk / Return Rank
JPEQ.AX
QQQI
JPEQ.AX vs. QQQI - 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 NEOS Nasdaq-100 High Income ETF (QQQI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JPEQ.AX | QQQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.14 | +0.16 |
| Martin ratioReturn relative to average drawdown | 3.47 | 3.03 | +0.44 |
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Drawdowns
JPEQ.AX vs. QQQI - Drawdown Comparison
The maximum JPEQ.AX drawdown since its inception was -18.48%, which is greater than QQQI's maximum drawdown of -17.58%. Use the drawdown chart below to compare losses from any high point for JPEQ.AX and QQQI.
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Drawdown Indicators
| JPEQ.AX | QQQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.48% | -17.58% | -0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -12.53% | +2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | — | — |
Current DrawdownCurrent decline from peak | -2.71% | -2.65% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -2.93% | -3.02% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 4.71% | -1.10% |
Volatility
JPEQ.AX vs. QQQI - Volatility Comparison
The current volatility for JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) is 4.03%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 5.73%. This indicates that JPEQ.AX experiences smaller price fluctuations and is considered to be less risky than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPEQ.AX | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 5.73% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 10.49% | -1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 12.98% | -1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.08% | 15.82% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.08% | 15.82% | -0.74% |
Dividends
JPEQ.AX vs. QQQI - Dividend Comparison
JPEQ.AX's dividend yield for the trailing twelve months is around 9.04%, less than QQQI's 13.65% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JPEQ.AX JPMorgan US 100Q Equity Premium Income Active ETF | 9.04% | 8.92% | 7.99% | 4.88% |
QQQI NEOS Nasdaq-100 High Income ETF | 13.65% | 13.82% | 12.85% | 0.00% |
Frequently Asked Questions
JPEQ.AX and QQQI have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPEQ.AX is categorized as Derivative Income, while QQQI is Nasdaq-100. They also come from different issuers: JPMorgan and Neos.
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