JPEQ.AX vs. SPY
Compare and contrast key facts about JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) and SPDR S&P 500 ETF (SPY).
JPEQ.AX and SPY 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 Chase. It was launched on May 23, 2023. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPEQ.AX or SPY.
Correlation
The correlation between JPEQ.AX and SPY is 0.26, 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.
Performance
JPEQ.AX vs. SPY - Performance Comparison
Key characteristics
JPEQ.AX:
1.59
SPY:
1.97
JPEQ.AX:
2.13
SPY:
2.64
JPEQ.AX:
1.31
SPY:
1.36
JPEQ.AX:
2.38
SPY:
2.97
JPEQ.AX:
9.48
SPY:
12.34
JPEQ.AX:
2.54%
SPY:
2.03%
JPEQ.AX:
15.11%
SPY:
12.68%
JPEQ.AX:
-10.13%
SPY:
-55.19%
JPEQ.AX:
-0.73%
SPY:
-0.01%
Returns By Period
In the year-to-date period, JPEQ.AX achieves a 0.82% return, which is significantly lower than SPY's 4.03% return.
JPEQ.AX
0.82%
0.76%
19.71%
22.86%
N/A
N/A
SPY
4.03%
2.03%
9.65%
23.63%
14.28%
13.18%
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JPEQ.AX vs. SPY - Expense Ratio Comparison
Risk-Adjusted Performance
JPEQ.AX vs. SPY — Risk-Adjusted Performance Rank
JPEQ.AX
SPY
JPEQ.AX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
JPEQ.AX vs. SPY - Dividend Comparison
JPEQ.AX's dividend yield for the trailing twelve months is around 7.83%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPEQ.AX JPMorgan US 100Q Equity Premium Income Active ETF | 7.83% | 7.37% | 4.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
JPEQ.AX vs. SPY - Drawdown Comparison
The maximum JPEQ.AX drawdown since its inception was -10.13%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JPEQ.AX and SPY. For additional features, visit the drawdowns tool.
Volatility
JPEQ.AX vs. SPY - Volatility Comparison
JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ.AX) has a higher volatility of 3.28% compared to SPDR S&P 500 ETF (SPY) at 3.00%. This indicates that JPEQ.AX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.