JPRE vs. JEPQ

Last updated Jun 4, 2026

JPRE (JPMorgan Realty Income ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - JPRE is a REIT fund actively managed by JPMorgan, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. JPRE is actively managed, while JEPQ is passively managed. Over the past 3 years, JPRE returned 9.52%/yr vs 20.92%/yr for JEPQ. At a 0.39 correlation, their price movements are largely independent. JPRE charges 0.50%/yr vs 0.35%/yr for JEPQ.

Performance

JPRE vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Realty Income ETF (JPRE) 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, JPRE achieves a 9.03% return, which is significantly lower than JEPQ's 9.54% return.

JPRE

• 1D: -0.12%
• 1M: -1.51%
• YTD: 9.03%
• 6M: 8.33%
• 1Y: 9.04%
• 3Y*: 9.52%
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: -0.10%
• 1M: 4.31%
• YTD: 9.54%
• 6M: 9.75%
• 1Y: 29.00%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —

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

JPRE vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JPRE JPMorgan Realty Income ETF	9.03%	1.36%	7.43%	13.41%	-9.96%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.54%	15.18%	24.85%	36.28%	-5.56%

Correlation

The correlation between JPRE and JEPQ is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (All Time) Calculated using the full available price history since May 24, 2022	0.39

Over the past year, the correlation between JPRE and JEPQ has dropped to 0.15 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.

JPRE vs. JEPQ - Sectors Allocation Comparison

Sectors	JPRE	JEPQ
Real Estate	98.1%	0.2%
Basic Materials	0.6%	1.0%
Industrials	0.6%	3.1%
Communication Services	-	15.4%
Consumer Cyclical	-	12.8%
Consumer Defensive	-	7.1%
Energy	-	0.4%
Financial Services	-	0.4%
Healthcare	-	4.4%
Technology	-	54.0%
Utilities	-	1.3%

Return for Risk

JPRE vs. JEPQ — Risk / Return Rank

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

JPRE

JPRE Risk / Return Rank: 22
JPRE Sharpe Ratio Rank: 20
JPRE Sortino Ratio Rank: 19
JPRE Omega Ratio Rank: 20
JPRE Calmar Ratio Rank: 24
JPRE Martin Ratio Rank: 25

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 74
JEPQ Sortino Ratio Rank: 71
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

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.

JPRE vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Realty Income ETF (JPRE) 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.

	JPRE	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	0.70	2.49	-1.79
Sortino ratio: Return per unit of downside risk	1.01	3.29	-2.28
Omega ratio: Gain probability vs. loss probability	1.13	1.49	-0.36
Calmar ratio: Return relative to maximum drawdown	1.18	3.31	-2.13
Martin ratio: Return relative to average drawdown	3.24	16.22	-12.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPRE vs. JEPQ - Sharpe Ratio Comparison

The current JPRE Sharpe Ratio is 0.70, which is lower than the JEPQ Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of JPRE 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

	JPRE	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	2.49	-1.79
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	1.00	-0.73

Drawdowns

JPRE vs. JEPQ - Drawdown Comparison

The maximum JPRE drawdown since its inception was -23.84%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for JPRE and JEPQ.

Drawdown Indicators

	JPRE	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-23.84%	-20.07%	-3.77%
Max Drawdown (1Y) Largest decline over 1 year	-7.70%	-8.82%	+1.12%
Max Drawdown (3Y) Largest decline over 3 years	-16.27%	-20.07%	+3.80%
Current Drawdown Current decline from peak	-3.57%	-0.10%	-3.47%
Average Drawdown Average peak-to-trough decline	-8.16%	-3.42%	-4.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	1.79%	+1.00%

Volatility

JPRE vs. JEPQ - Volatility Comparison

JPMorgan Realty Income ETF (JPRE) has a higher volatility of 3.86% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.26%. This indicates that JPRE'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

	JPRE	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	1.26%	+2.60%
Volatility (6M) Calculated over the trailing 6-month period	9.42%	9.07%	+0.35%
Volatility (1Y) Calculated over the trailing 1-year period	12.98%	11.73%	+1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.28%	16.61%	+1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.28%	16.61%	+1.67%

JPRE vs. JEPQ - Expense Ratio Comparison

JPRE has a 0.50% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

JPRE vs. JEPQ - Dividend Comparison

JPRE's dividend yield for the trailing twelve months is around 2.29%, less than JEPQ's 10.07% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.07%	10.53%	9.65%	10.03%	9.44%
JPRE JPMorgan Realty Income ETF	2.29%	2.62%	2.21%	3.26%	10.60%

Frequently Asked Questions

Can I hold both JPRE and JEPQ in my portfolio?

JPRE and JEPQ have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPRE or JEPQ?

JPRE has higher volatility (3.86%) compared to JEPQ (1.26%). In terms of maximum drawdown, JPRE dropped -23.84% vs JEPQ's -20.07%.

Which ETF is better, JPRE or JEPQ?

On 3-year performance, JEPQ leads with 20.92% vs 9.52% for JPRE. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JEPQ has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPRE or JEPQ?

Over the 3-year period, JEPQ has performed better with a 20.92% return vs 9.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPRE or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.50% for JPRE.

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

JEPQ has the higher dividend yield at 10.07%, compared with 2.29% for JPRE.

What is the main difference between JPRE and JEPQ?

JPRE is categorized as REIT, while JEPQ is Nasdaq-100. Their fees differ too: 0.50% for JPRE and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.49 vs 0.70), 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.