JPMO vs. JEPQ
Compare and contrast key facts about YieldMax JPM Option Income Strategy ETF (JPMO) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
JPMO and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPMO is an actively managed fund by YieldMax. It was launched on Sep 11, 2023. 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: JPMO or JEPQ.
Key characteristics
| JPMO | JEPQ | |
|---|---|---|
| YTD Return | 14.40% | 23.15% |
| 1Y Return | 23.34% | 30.52% |
| Sharpe Ratio | 1.38 | 2.44 |
| Sortino Ratio | 1.80 | 3.18 |
| Omega Ratio | 1.30 | 1.50 |
| Calmar Ratio | 2.17 | 2.79 |
| Martin Ratio | 5.56 | 12.07 |
| Ulcer Index | 4.16% | 2.48% |
| Daily Std Dev | 16.75% | 12.27% |
| Max Drawdown | -10.64% | -16.82% |
| Current Drawdown | -2.68% | 0.00% |
Correlation
The correlation between JPMO and JEPQ is 0.31, 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
JPMO vs. JEPQ - Performance Comparison
In the year-to-date period, JPMO achieves a 14.40% return, which is significantly lower than JEPQ's 23.15% 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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JPMO vs. JEPQ - Expense Ratio Comparison
JPMO has a 1.01% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
JPMO vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax JPM Option Income Strategy ETF (JPMO) 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
JPMO vs. JEPQ - Dividend Comparison
JPMO's dividend yield for the trailing twelve months is around 24.00%, more than JEPQ's 9.36% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
JPMO YieldMax JPM Option Income Strategy ETF
| 24.00% | 4.85% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.36% | 10.02% | 9.44% |
Drawdowns
JPMO vs. JEPQ - Drawdown Comparison
The maximum JPMO drawdown since its inception was -10.64%, smaller than the maximum JEPQ drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for JPMO and JEPQ. For additional features, visit the drawdowns tool.
Volatility
JPMO vs. JEPQ - Volatility Comparison
YieldMax JPM Option Income Strategy ETF (JPMO) has a higher volatility of 7.27% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.39%. This indicates that JPMO'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.