JPMB vs. JEPQ

Last updated Jun 24, 2026

JPMB (JPMorgan USD Emerging Markets Sovereign Bond ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - JPMB is a Emerging Markets Bonds fund tracking the J.P. Morgan Emerging Markets Risk-Aware Bond Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, JPMB returned 7.78%/yr vs 19.79%/yr for JEPQ. At a 0.46 correlation, their price movements are largely independent. JPMB charges 0.39%/yr vs 0.35%/yr for JEPQ.

Performance

JPMB vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPMB achieves a 1.95% return, which is significantly lower than JEPQ's 7.85% return.

JPMB

• 1D: -0.11%
• 1M: 1.76%
• YTD: 1.95%
• 6M: 1.93%
• 1Y: 10.60%
• 3Y*: 7.78%
• 5Y*: 1.42%
• 10Y*: —

JEPQ

• 1D: -2.48%
• 1M: 0.34%
• YTD: 7.85%
• 6M: 7.02%
• 1Y: 25.10%
• 3Y*: 19.79%
• 5Y*: —
• 10Y*: —

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

JPMB vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF	1.95%	13.73%	1.46%	9.48%	-1.08%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.85%	15.18%	24.85%	36.28%	-11.16%

Correlation

The correlation between JPMB and JEPQ is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.46

The correlation between JPMB and JEPQ has been stable across timeframes, ranging from 0.43 to 0.51 - a consistent structural relationship.

Return for Risk

JPMB vs. JEPQ — Risk / Return Rank

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

JPMB

JPMB Risk / Return Rank: 62
JPMB Sharpe Ratio Rank: 64
JPMB Sortino Ratio Rank: 68
JPMB Omega Ratio Rank: 68
JPMB Calmar Ratio Rank: 50
JPMB Martin Ratio Rank: 59

JEPQ

JEPQ Risk / Return Rank: 63
JEPQ Sharpe Ratio Rank: 60
JEPQ Sortino Ratio Rank: 55
JEPQ Omega Ratio Rank: 66
JEPQ Calmar Ratio Rank: 60
JEPQ Martin Ratio Rank: 74

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.

JPMB vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) 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.

	JPMB	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.93	+0.03
Sortino ratio: Return per unit of downside risk	2.89	2.57	+0.33
Omega ratio: Gain probability vs. loss probability	1.38	1.38	0.00
Calmar ratio: Return relative to maximum drawdown	2.31	2.86	-0.55
Martin ratio: Return relative to average drawdown	9.81	13.55	-3.75

JPMB vs. JEPQ - Sharpe Ratio Comparison

The current JPMB Sharpe Ratio is 1.96, which is comparable to the JEPQ Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of JPMB and JEPQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JPMB vs. JEPQ - Drawdown Comparison

The maximum JPMB drawdown since its inception was -26.33%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for JPMB and JEPQ.

Drawdown Indicators

	JPMB	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-26.33%	-20.07%	-6.26%
Max Drawdown (1Y) Largest decline over 1 year	-4.61%	-8.82%	+4.21%
Max Drawdown (3Y) Largest decline over 3 years	-7.53%	-20.07%	+12.54%
Max Drawdown (5Y) Largest decline over 5 years	-26.16%	—	—
Current Drawdown Current decline from peak	-0.53%	-2.48%	+1.95%
Average Drawdown Average peak-to-trough decline	-7.02%	-3.40%	-3.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	1.86%	-0.78%

Volatility

JPMB vs. JEPQ - Volatility Comparison

The current volatility for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) is 1.79%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.27%. This indicates that JPMB 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.

Volatility by Period

	JPMB	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.79%	6.27%	-4.48%
Volatility (6M) Calculated over the trailing 6-month period	4.53%	10.58%	-6.05%
Volatility (1Y) Calculated over the trailing 1-year period	5.43%	13.08%	-7.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.94%	16.79%	-7.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.63%	16.79%	-7.16%

JPMB vs. JEPQ - Expense Ratio Comparison

JPMB has a 0.39% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

JPMB vs. JEPQ - Dividend Comparison

JPMB's dividend yield for the trailing twelve months is around 5.78%, less than JEPQ's 10.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.22%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF	5.78%	6.71%	6.32%	5.99%	4.94%	4.29%	4.29%	4.51%	4.58%

Frequently Asked Questions

Can I hold both JPMB and JEPQ in my portfolio?

JPMB and JEPQ have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPMB or JEPQ?

JEPQ has higher volatility (6.27%) compared to JPMB (1.79%). In terms of maximum drawdown, JPMB dropped -26.33% vs JEPQ's -20.07%.

Which ETF is better, JPMB or JEPQ?

On 3-year performance, JEPQ leads with 19.79% vs 7.78% for JPMB. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JPMB has been the lower-risk option at 1.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPMB or JEPQ?

Over the 3-year period, JEPQ has performed better with a 19.79% return vs 7.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPMB or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.39% for JPMB.

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

JEPQ has the higher dividend yield at 10.22%, compared with 5.78% for JPMB.

What is the main difference between JPMB and JEPQ?

JPMB is categorized as Emerging Markets Bonds, while JEPQ is Nasdaq-100. JPMB tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index, while JEPQ tracks Nasdaq-100 Index. Their fees differ too: 0.39% for JPMB and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JPMB currently has the higher Sharpe Ratio (1.96 vs 1.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.