JPSV vs. JEPQ

Last updated Jun 4, 2026

JPSV (Jpmorgan Active Small Cap Value ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - JPSV is a Small Cap Value Equities fund actively managed by JPMorgan, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. JPSV is actively managed, while JEPQ is passively managed. Over the past 3 years, JPSV returned 11.47%/yr vs 20.92%/yr for JEPQ. At a 0.48 correlation, their price movements are largely independent. JPSV charges 0.74%/yr vs 0.35%/yr for JEPQ.

Performance

JPSV vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jpmorgan Active Small Cap Value ETF (JPSV) 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, JPSV achieves a 10.39% return, which is significantly higher than JEPQ's 9.54% return.

JPSV

• 1D: -1.23%
• 1M: 2.73%
• YTD: 10.39%
• 6M: 8.88%
• 1Y: 16.62%
• 3Y*: 11.47%
• 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)

JPSV vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPSV Jpmorgan Active Small Cap Value ETF	10.39%	0.63%	8.73%	9.72%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.54%	15.18%	24.85%	27.73%

Correlation

The correlation between JPSV and JEPQ is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023	0.48

JPSV vs. JEPQ - Sectors Allocation Comparison

Sectors	JPSV	JEPQ
Financial Services	24.8%	0.4%
Industrials	13.2%	3.1%
Consumer Cyclical	9.2%	12.8%
Technology	8.8%	54.0%
Real Estate	8.4%	0.2%
Communication Services	6.7%	15.4%
Utilities	5.5%	1.3%
Energy	5.4%	0.4%
Healthcare	5.1%	4.4%
Basic Materials	5.1%	1.0%
Consumer Defensive	2.3%	7.1%

Return for Risk

JPSV vs. JEPQ — Risk / Return Rank

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

JPSV

JPSV Risk / Return Rank: 32
JPSV Sharpe Ratio Rank: 30
JPSV Sortino Ratio Rank: 31
JPSV Omega Ratio Rank: 29
JPSV Calmar Ratio Rank: 37
JPSV Martin Ratio Rank: 33

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.

JPSV vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Active Small Cap Value ETF (JPSV) 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.

	JPSV	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.07	2.49	-1.41
Sortino ratio: Return per unit of downside risk	1.68	3.29	-1.61
Omega ratio: Gain probability vs. loss probability	1.20	1.49	-0.29
Calmar ratio: Return relative to maximum drawdown	1.85	3.31	-1.46
Martin ratio: Return relative to average drawdown	4.96	16.22	-11.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPSV vs. JEPQ - Sharpe Ratio Comparison

The current JPSV Sharpe Ratio is 1.07, which is lower than the JEPQ Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of JPSV 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

	JPSV	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	2.49	-1.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	1.00	-0.49

Drawdowns

JPSV vs. JEPQ - Drawdown Comparison

The maximum JPSV drawdown since its inception was -22.78%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for JPSV and JEPQ.

Drawdown Indicators

	JPSV	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-22.78%	-20.07%	-2.71%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-8.82%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-22.78%	-20.07%	-2.71%
Current Drawdown Current decline from peak	-1.33%	-0.10%	-1.23%
Average Drawdown Average peak-to-trough decline	-5.63%	-3.42%	-2.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	1.79%	+1.57%

Volatility

JPSV vs. JEPQ - Volatility Comparison

Jpmorgan Active Small Cap Value ETF (JPSV) has a higher volatility of 3.80% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.26%. This indicates that JPSV'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

	JPSV	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	1.26%	+2.54%
Volatility (6M) Calculated over the trailing 6-month period	9.99%	9.07%	+0.92%
Volatility (1Y) Calculated over the trailing 1-year period	15.62%	11.73%	+3.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.92%	16.61%	+1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.92%	16.61%	+1.31%

JPSV vs. JEPQ - Expense Ratio Comparison

JPSV has a 0.74% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

JPSV vs. JEPQ - Dividend Comparison

JPSV's dividend yield for the trailing twelve months is around 1.28%, 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%
JPSV Jpmorgan Active Small Cap Value ETF	1.28%	1.42%	1.21%	1.09%	0.00%

Frequently Asked Questions

Can I hold both JPSV and JEPQ in my portfolio?

JPSV and JEPQ have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPSV or JEPQ?

JPSV has higher volatility (3.80%) compared to JEPQ (1.26%). In terms of maximum drawdown, JPSV dropped -22.78% vs JEPQ's -20.07%.

Which ETF is better, JPSV or JEPQ?

On 3-year performance, JEPQ leads with 20.92% vs 11.47% for JPSV. 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, JPSV or JEPQ?

Over the 3-year period, JEPQ has performed better with a 20.92% return vs 11.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPSV or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.74% for JPSV.

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

JEPQ has the higher dividend yield at 10.07%, compared with 1.28% for JPSV.

What is the main difference between JPSV and JEPQ?

JPSV is categorized as Small Cap Value Equities, while JEPQ is Nasdaq-100. Their fees differ too: 0.74% for JPSV and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.49 vs 1.07), 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.