JPEQ.AX vs. SPUS

Last updated Apr 2, 2026

Compare and contrast key facts about JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS).

JPEQ.AX and SPUS 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. SPUS is a passively managed fund by Toroso Investments that tracks the performance of the S&P 500 Shariah Industry Exclusions Index. It was launched on Dec 18, 2019.

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.

JPEQ.AX vs. SPUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPEQ.AX JPMorgan US 100Q Equity Premium Income Active ETF	-6.01%	4.60%	36.45%	6.85%
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF	-7.53%	11.08%	39.22%	7.87%

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 -6.01% return, which is significantly higher than SPUS's -8.80% return.

JPEQ.AX

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

SPUS

• 1D: 0.00%
• 1M: -3.00%
• YTD: -8.80%
• 6M: -7.25%
• 1Y: 12.72%
• 3Y*: 18.02%
• 5Y*: 15.95%
• 10Y*: —

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

JPEQ.AX vs. SPUS - Expense Ratio Comparison

SPUS

SP Funds S&P 500 Sharia Industry Exclusions ETF

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: 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

SPUS

SPUS Risk / Return Rank: 72
SPUS Sharpe Ratio Rank: 67
SPUS Sortino Ratio Rank: 72
SPUS Omega Ratio Rank: 71
SPUS Calmar Ratio Rank: 75
SPUS Martin Ratio Rank: 77

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.

	JPEQ.AX	SPUS	Difference
Sharpe ratio Return per unit of total volatility	0.43	0.69	-0.26
Sortino ratio Return per unit of downside risk	0.74	1.07	-0.32
Omega ratio Gain probability vs. loss probability	1.10	1.16	-0.06
Calmar ratio Return relative to maximum drawdown	0.72	0.90	-0.18
Martin ratio Return relative to average drawdown	2.06	2.55	-0.48
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. SPUS - Sharpe Ratio Comparison

The current JPEQ.AX Sharpe Ratio is 0.43, which is lower than the SPUS Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of JPEQ.AX and SPUS, 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	SPUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.43	0.69	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.84	-0.01

Correlation

The correlation between JPEQ.AX and SPUS is 0.08, 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. SPUS - Dividend Comparison

JPEQ.AX's dividend yield for the trailing twelve months is around 9.71%, more than SPUS's 0.63% yield.

	TTM	2025	2024	2023	2022	2021	2020
JPEQ.AX JPMorgan US 100Q Equity Premium Income Active ETF	9.71%	8.98%	7.40%	4.88%	0.00%	0.00%	0.00%
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF	0.63%	0.60%	0.70%	0.87%	1.21%	1.15%	1.04%

Drawdowns

JPEQ.AX vs. SPUS - Drawdown Comparison

The maximum JPEQ.AX drawdown since its inception was -18.42%, 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.

Drawdown Indicators

	JPEQ.AX	SPUS	Difference
Max Drawdown Largest peak-to-trough decline	-18.42%	-30.80%	+12.38%
Max Drawdown (1Y) Largest decline over 1 year	-9.89%	-12.76%	+2.87%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.06%	—
Current Drawdown Current decline from peak	-7.09%	-6.85%	-0.24%
Average Drawdown Average peak-to-trough decline	-3.01%	-6.35%	+3.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	3.01%	+0.34%

Volatility

JPEQ.AX vs. SPUS - Volatility Comparison

JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) has a higher volatility of 5.41% compared to SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) at 4.52%. This indicates that JPEQ.AX's price experiences larger fluctuations and is considered to be riskier than SPUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPEQ.AX	SPUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	4.52%	+0.89%
Volatility (6M) Calculated over the trailing 6-month period	9.35%	9.11%	+0.24%
Volatility (1Y) Calculated over the trailing 1-year period	17.26%	18.57%	-1.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.07%	16.83%	-0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.07%	19.09%	-3.02%