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

JPEQ.AX vs. SPUS

Last updated Jul 16, 2026
Documentation

JPEQ.AX (JPMorgan US 100Q Equity Premium Income Active ETF) and SPUS (SP Funds S&P 500 Sharia Industry Exclusions ETF) are both exchange-traded funds - JPEQ.AX is a Derivative Income fund actively managed by JPMorgan, while SPUS is a S&P 500 fund tracking the S&P 500 Shariah Industry Exclusions Index. JPEQ.AX is actively managed, while SPUS is passively managed. Over the past 3 years, JPEQ.AX returned 16.43%/yr vs 20.71%/yr for SPUS. At a 0.10 correlation, their price movements are largely independent.

Performance

JPEQ.AX vs. SPUS - 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 SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS). 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 SPUS is traded in USD. To make them comparable, the SPUS 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 SPUS's 7.68% return.

JPEQ.AX

1D
-1.17%
1M
1.52%
6M
1.64%
YTD
2.72%
1Y
12.33%
3Y*
16.43%
5Y*
—
10Y*
—

SPUS

1D
0.07%
1M
0.26%
6M
7.04%
YTD
7.68%
1Y
19.30%
3Y*
20.71%
5Y*
16.89%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

JPEQ.AX vs. SPUS - Yearly Performance Comparison

2026 (YTD)202520242023
JPEQ.AX
JPMorgan US 100Q Equity Premium Income Active ETF		2.72%4.54%37.46%10.03%
SPUS
SP Funds S&P 500 Sharia Industry Exclusions ETF		7.68%11.08%39.22%11.93%

Correlation

The correlation between JPEQ.AX and SPUS is 0.07, 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

0.07

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

0.09

Correlation (All Time)
Calculated using the full available price history since May 23, 2023

0.10

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

SP Funds S&P 500 Sharia Industry Exclusions 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. VOO
Often compared with SPUS:
SPUS vs. HLALSPUS vs. SPYSPUS vs. VOOSPUS vs. SPTESPUS vs. SPWOSPUS vs. UMMASPUS vs. SPRE

Return for Risk

JPEQ.AX vs. SPUS — 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: 3333
Overall Rank
JPEQ.AX Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
JPEQ.AX Sortino Ratio Rank: 3434
Sortino Ratio Rank
JPEQ.AX Omega Ratio Rank: 3434
Omega Ratio Rank
JPEQ.AX Calmar Ratio Rank: 3131
Calmar Ratio Rank
JPEQ.AX Martin Ratio Rank: 3030
Martin Ratio Rank
SPUS
SPUS Risk / Return Rank: 6868
Overall Rank
SPUS Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
SPUS Sortino Ratio Rank: 6767
Sortino Ratio Rank
SPUS Omega Ratio Rank: 6767
Omega Ratio Rank
SPUS Calmar Ratio Rank: 6666
Calmar Ratio Rank
SPUS Martin Ratio Rank: 6868
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. SPUS - 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 SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS). 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.AXSPUSDifference
Sharpe ratioReturn per unit of total volatility
1.06
1.54

-0.48

Sortino ratioReturn per unit of downside risk
1.52
2.15

-0.63

Omega ratioGain probability vs. loss probability

1.19

1.28

-0.09

Calmar ratioReturn relative to maximum drawdown

1.30

1.39

-0.09

Martin ratioReturn relative to average drawdown

3.47

3.81

-0.33

JPEQ.AX vs. SPUS - Sharpe Ratio Comparison

The current JPEQ.AX Sharpe Ratio is 1.06, which is lower than the SPUS Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of JPEQ.AX and SPUS, 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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Drawdowns

JPEQ.AX vs. SPUS - Drawdown Comparison

The maximum JPEQ.AX drawdown since its inception was -18.48%, smaller than the maximum SPUS drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for JPEQ.AX and SPUS.

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Drawdown Indicators

JPEQ.AXSPUSDifference

Max Drawdown

Largest peak-to-trough decline

-18.48%

-24.26%

+5.78%

Max Drawdown (1Y)

Largest decline over 1 year

-9.59%

-13.90%

+4.31%

Max Drawdown (3Y)

Largest decline over 3 years

-18.48%

-22.17%

+3.69%

Max Drawdown (5Y)

Largest decline over 5 years

—

-24.26%

—

Current Drawdown

Current decline from peak

-2.71%

-1.14%

-1.57%

Average Drawdown

Average peak-to-trough decline

-2.93%

-5.46%

+2.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.61%

5.08%

-1.47%

Volatility

JPEQ.AX vs. SPUS - Volatility Comparison

JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) have volatilities of 4.03% and 4.04%, 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.AXSPUSDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.03%

4.04%

-0.01%

Volatility (6M)

Calculated over the trailing 6-month period

8.97%

10.03%

-1.06%

Volatility (1Y)

Calculated over the trailing 1-year period

11.77%

12.59%

-0.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.08%

16.95%

-1.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.08%

18.87%

-3.79%

Dividends

JPEQ.AX vs. SPUS - Dividend Comparison

JPEQ.AX's dividend yield for the trailing twelve months is around 9.04%, more than SPUS's 0.53% yield.

PositionTTM202520242023202220212020
JPEQ.AX
JPMorgan US 100Q Equity Premium Income Active ETF		9.04%8.92%7.99%4.88%0.00%0.00%0.00%
SPUS
SP Funds S&P 500 Sharia Industry Exclusions ETF		0.53%0.60%0.70%0.87%1.21%1.15%1.04%

Frequently Asked Questions

JPEQ.AX and SPUS have a correlation of 0.07, 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 SPUS is S&P 500. They also come from different issuers: JPMorgan and SP Funds.

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