JPHY vs. JEPQ
JPHY (JPMorgan High Yield Research Enhanced ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - JPHY is a High Yield Bonds fund actively managed by JPMorgan, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. JPHY is actively managed, while JEPQ is passively managed. A 0.60 correlation means they provide meaningful diversification when combined. JPHY charges 0.24%/yr vs 0.35%/yr for JEPQ.
Performance
JPHY vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, JPHY achieves a 2.25% return, which is significantly lower than JEPQ's 7.85% return.
JPHY
- 1D
- -0.02%
- 1M
- 0.48%
- YTD
- 2.25%
- 6M
- 2.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEPQ
- 1D
- -2.48%
- 1M
- 0.34%
- YTD
- 7.85%
- 6M
- 7.02%
- 1Y
- 25.10%
- 3Y*
- 19.79%
- 5Y*
- —
- 10Y*
- —
JPHY vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JPHY JPMorgan High Yield Research Enhanced ETF | 2.25% | 4.06% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 7.85% | 14.83% |
Correlation
The correlation between JPHY and JEPQ is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025 | 0.60 |
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Return for Risk
JPHY vs. JEPQ — Risk / Return Rank
JPHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JEPQ
JPHY vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan High Yield Research Enhanced ETF (JPHY) 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.
| JPHY | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.86 | — |
| Martin ratioReturn relative to average drawdown | — | 13.55 | — |
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Drawdowns
JPHY vs. JEPQ - Drawdown Comparison
The maximum JPHY drawdown since its inception was -1.65%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for JPHY and JEPQ.
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Drawdown Indicators
| JPHY | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.65% | -20.07% | +18.42% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.82% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.07% | — |
Current DrawdownCurrent decline from peak | -0.12% | -2.48% | +2.36% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -3.40% | +3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.86% | — |
Volatility
JPHY vs. JEPQ - Volatility Comparison
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Volatility by Period
| JPHY | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.58% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 13.08% | -10.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.01% | 16.79% | -13.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.01% | 16.79% | -13.78% |
JPHY vs. JEPQ - Expense Ratio Comparison
JPHY has a 0.24% expense ratio, which is lower than JEPQ's 0.35% expense ratio.
Dividends
JPHY vs. JEPQ - Dividend Comparison
JPHY's dividend yield for the trailing twelve months is around 5.91%, less than JEPQ's 10.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.22% | 10.53% | 9.65% | 10.03% | 9.44% |
JPHY JPMorgan High Yield Research Enhanced ETF | 5.91% | 3.32% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPHY and JEPQ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPHY is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPHY is cheaper with a 0.24% expense ratio, compared with 0.35% for JEPQ.
JEPQ has the higher dividend yield at 10.22%, compared with 5.91% for JPHY.
JPHY is categorized as High Yield Bonds, while JEPQ is Nasdaq-100. Their fees differ too: 0.24% for JPHY and 0.35% for JEPQ.
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