JPME vs. JEPQ

Last updated Jun 3, 2026

JPME (JPMorgan Diversified Return US Mid Cap Equity ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - JPME is a Mid Cap Blend Equities fund tracking the JPMorgan Diversified Factor US Mid Cap Equity Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, JPME returned 15.36%/yr vs 20.96%/yr for JEPQ. A 0.64 correlation means they provide meaningful diversification when combined. JPME charges 0.24%/yr vs 0.35%/yr for JEPQ.

Performance

JPME vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) 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, JPME achieves a 13.26% return, which is significantly higher than JEPQ's 9.65% return.

JPME

• 1D: 0.93%
• 1M: 1.41%
• YTD: 13.26%
• 6M: 13.96%
• 1Y: 23.45%
• 3Y*: 15.36%
• 5Y*: 8.68%
• 10Y*: 11.00%

JEPQ

• 1D: 0.26%
• 1M: 4.36%
• YTD: 9.65%
• 6M: 10.05%
• 1Y: 29.60%
• 3Y*: 20.96%
• 5Y*: —
• 10Y*: —

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

JPME vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JPME JPMorgan Diversified Return US Mid Cap Equity ETF	13.26%	8.26%	13.55%	11.28%	-6.61%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.65%	15.18%	24.85%	36.28%	-12.89%

Correlation

The correlation between JPME 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	0.54
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.64

The correlation between JPME and JEPQ shifts across timeframes, from 0.51 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.

JPME vs. JEPQ - Sectors Allocation Comparison

Sectors	JPME	JEPQ
Technology	12.0%	54.0%
Real Estate	11.5%	0.2%
Industrials	11.5%	3.1%
Healthcare	10.7%	4.4%
Consumer Defensive	9.6%	7.1%
Utilities	9.4%	1.3%
Consumer Cyclical	8.8%	12.8%
Financial Services	8.1%	0.4%
Energy	7.8%	0.4%
Basic Materials	7.0%	1.0%
Communication Services	3.6%	15.4%

Return for Risk

JPME vs. JEPQ — Risk / Return Rank

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

JPME

JPME Risk / Return Rank: 61
JPME Sharpe Ratio Rank: 57
JPME Sortino Ratio Rank: 59
JPME Omega Ratio Rank: 54
JPME Calmar Ratio Rank: 67
JPME Martin Ratio Rank: 68

JEPQ

JEPQ Risk / Return Rank: 77
JEPQ Sharpe Ratio Rank: 77
JEPQ Sortino Ratio Rank: 73
JEPQ Omega Ratio Rank: 82
JEPQ Calmar Ratio Rank: 68
JEPQ Martin Ratio Rank: 83

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.

JPME vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) 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.

	JPME	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	1.95	2.54	-0.58
Sortino ratio Return per unit of downside risk	2.83	3.35	-0.52
Omega ratio Gain probability vs. loss probability	1.34	1.50	-0.16
Calmar ratio Return relative to maximum drawdown	3.40	3.42	-0.02
Martin ratio Return relative to average drawdown	12.67	16.82	-4.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPME vs. JEPQ - Sharpe Ratio Comparison

The current JPME Sharpe Ratio is 1.95, which is comparable to the JEPQ Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of JPME 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.

Sharpe Ratios by Period

	JPME	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	2.54	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	1.01	-0.36

Drawdowns

JPME vs. JEPQ - Drawdown Comparison

The maximum JPME drawdown since its inception was -41.01%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for JPME and JEPQ.

Drawdown Indicators

	JPME	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-41.01%	-20.07%	-20.94%
Max Drawdown (1Y) Largest decline over 1 year	-6.84%	-8.82%	+1.98%
Max Drawdown (3Y) Largest decline over 3 years	-18.70%	-20.07%	+1.37%
Max Drawdown (5Y) Largest decline over 5 years	-19.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.01%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.39%	-3.42%	-0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	1.79%	+0.05%

Volatility

JPME vs. JEPQ - Volatility Comparison

JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) has a higher volatility of 3.49% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.25%. This indicates that JPME's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPME	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	1.25%	+2.24%
Volatility (6M) Calculated over the trailing 6-month period	8.52%	9.07%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	12.06%	11.73%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	16.62%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.70%	16.62%	+1.08%

JPME vs. JEPQ - Expense Ratio Comparison

JPME has a 0.24% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

JPME vs. JEPQ - Dividend Comparison

JPME's dividend yield for the trailing twelve months is around 1.82%, less than JEPQ's 10.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.06%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JPME JPMorgan Diversified Return US Mid Cap Equity ETF	1.82%	2.03%	1.77%	1.84%	1.84%	1.44%	1.51%	1.68%	1.80%	1.17%	0.91%

Frequently Asked Questions

Can I hold both JPME and JEPQ in my portfolio?

JPME 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, JPME or JEPQ?

JPME has higher volatility (3.49%) compared to JEPQ (1.25%). In terms of maximum drawdown, JPME dropped -41.01% vs JEPQ's -20.07%.

Which ETF is better, JPME or JEPQ?

On 3-year performance, JEPQ leads with 20.96% vs 15.36% for JPME. On fees, JPME is cheaper at 0.24% per year. On volatility, JEPQ has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPME or JEPQ?

Over the 3-year period, JEPQ has performed better with a 20.96% return vs 15.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPME or JEPQ?

JPME is cheaper with a 0.24% expense ratio, compared with 0.35% for JEPQ.

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

JEPQ has the higher dividend yield at 10.06%, compared with 1.82% for JPME.

What is the main difference between JPME and JEPQ?

JPME is categorized as Mid Cap Blend Equities, while JEPQ is Nasdaq-100. JPME tracks JPMorgan Diversified Factor US Mid Cap Equity Index, while JEPQ tracks Nasdaq-100 Index. Their fees differ too: 0.24% for JPME and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.54 vs 1.95), 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.