JPIE vs. JEPQ
Compare and contrast key facts about JPMorgan Income ETF (JPIE) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
JPIE and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPIE is an actively managed fund by JPMorgan. It was launched on Oct 28, 2021. JEPQ is an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPIE or JEPQ.
Key characteristics
| JPIE | JEPQ | |
|---|---|---|
| YTD Return | 5.50% | 23.19% |
| 1Y Return | 10.07% | 28.90% |
| Sharpe Ratio | 3.69 | 2.49 |
| Sortino Ratio | 6.17 | 3.24 |
| Omega Ratio | 1.87 | 1.51 |
| Calmar Ratio | 2.73 | 2.85 |
| Martin Ratio | 27.43 | 12.34 |
| Ulcer Index | 0.37% | 2.48% |
| Daily Std Dev | 2.75% | 12.22% |
| Max Drawdown | -9.96% | -16.82% |
| Current Drawdown | -0.67% | 0.00% |
Correlation
The correlation between JPIE and JEPQ is 0.38, 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
JPIE vs. JEPQ - Performance Comparison
In the year-to-date period, JPIE achieves a 5.50% return, which is significantly lower than JEPQ's 23.19% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JPIE vs. JEPQ - Expense Ratio Comparison
JPIE has a 0.41% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
JPIE vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income ETF (JPIE) 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.
Dividends
JPIE vs. JEPQ - Dividend Comparison
JPIE's dividend yield for the trailing twelve months is around 6.19%, less than JEPQ's 9.36% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
JPIE JPMorgan Income ETF | 6.19% | 5.70% | 4.49% | 0.63% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.36% | 10.02% | 9.44% | 0.00% |
Drawdowns
JPIE vs. JEPQ - Drawdown Comparison
The maximum JPIE drawdown since its inception was -9.96%, smaller than the maximum JEPQ drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for JPIE and JEPQ. For additional features, visit the drawdowns tool.
Volatility
JPIE vs. JEPQ - Volatility Comparison
The current volatility for JPMorgan Income ETF (JPIE) is 0.46%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 3.39%. This indicates that JPIE experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.