JPFP vs. JEPQ

Last updated Jun 25, 2026

JPFP (JPMorgan Managed Futures Plus ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - JPFP is a Systematic Trend fund actively managed by JPMorgan, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. JPFP is actively managed, while JEPQ is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. JPFP charges 0.59%/yr vs 0.35%/yr for JEPQ.

Performance

JPFP vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Managed Futures Plus ETF (JPFP) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JPFP

• 1D: -1.38%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: -0.28%
• 1M: 0.06%
• YTD: 7.54%
• 6M: 6.46%
• 1Y: 23.49%
• 3Y*: 19.68%
• 5Y*: —
• 10Y*: —

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

JPFP vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)
JPFP JPMorgan Managed Futures Plus ETF	-4.11%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	-0.85%

Correlation

The correlation between JPFP and JEPQ is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.90

Return for Risk

JPFP vs. JEPQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPFP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

JEPQ

JEPQ Risk / Return Rank: 64
JEPQ Sharpe Ratio Rank: 60
JEPQ Sortino Ratio Rank: 56
JEPQ Omega Ratio Rank: 67
JEPQ Calmar Ratio Rank: 60
JEPQ Martin Ratio Rank: 75

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.

JPFP vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Managed Futures Plus ETF (JPFP) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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.

	JPFP	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.81	—
Sortino ratio: Return per unit of downside risk	—	2.42	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.68	—
Martin ratio: Return relative to average drawdown	—	12.63	—

Drawdowns

JPFP vs. JEPQ - Drawdown Comparison

The maximum JPFP drawdown since its inception was -5.85%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for JPFP and JEPQ.

Drawdown Indicators

	JPFP	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-5.85%	-20.07%	+14.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.07%	—
Current Drawdown Current decline from peak	-5.85%	-2.75%	-3.10%
Average Drawdown Average peak-to-trough decline	-2.52%	-3.39%	+0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.86%	—

Volatility

Volatility by Period

	JPFP	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.30%	13.06%	+9.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.30%	16.78%	+5.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.30%	16.78%	+5.52%

JPFP vs. JEPQ - Expense Ratio Comparison

JPFP has a 0.59% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

JPFP vs. JEPQ - Dividend Comparison

JPFP has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 10.25%.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.25%	10.53%	9.65%	10.03%	9.44%
JPFP JPMorgan Managed Futures Plus ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPFP and JEPQ in my portfolio?

With a correlation of 0.90, JPFP and JEPQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, JPFP or JEPQ?

On fees, JEPQ is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JPFP or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.59% for JPFP.

Which ETF pays a higher dividend yield, JPFP or JEPQ?

JEPQ has the higher dividend yield at 10.25%, compared with 0.00% for JPFP.

What is the main difference between JPFP and JEPQ?

JPFP is categorized as Systematic Trend, while JEPQ is Nasdaq-100. Their fees differ too: 0.59% for JPFP and 0.35% for JEPQ.