JQUA vs. JEPQ

Last updated Apr 2, 2026

Compare and contrast key facts about JPMorgan U.S. Quality Factor ETF (JQUA) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).

JQUA and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JQUA is a passively managed fund by JPMorgan that tracks the performance of the JP Morgan US Quality Factor Index. It was launched on Nov 8, 2017. JEPQ is a passively managed fund by JPMorgan that tracks the performance of the Nasdaq-100 Index. It was launched on May 3, 2022. Both JQUA and JEPQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

JQUA vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Quality Factor ETF (JQUA) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

JQUA vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JQUA JPMorgan U.S. Quality Factor ETF	-2.29%	11.69%	21.21%	25.13%	-5.01%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	-1.88%	15.18%	24.85%	36.28%	-12.89%

Returns By Period

In the year-to-date period, JQUA achieves a -2.29% return, which is significantly lower than JEPQ's -1.88% return.

JQUA

• 1D: 0.39%
• 1M: -4.17%
• YTD: -2.29%
• 6M: -1.53%
• 1Y: 10.04%
• 3Y*: 15.78%
• 5Y*: 11.56%
• 10Y*: —

JEPQ

• 1D: 1.02%
• 1M: -2.60%
• YTD: -1.88%
• 6M: 2.46%
• 1Y: 20.16%
• 3Y*: 19.46%
• 5Y*: —
• 10Y*: —

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

JQUA vs. JEPQ - Expense Ratio Comparison

JQUA has a 0.12% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

JQUA

JPMorgan U.S. Quality Factor ETF

Return for Risk

JQUA vs. JEPQ — Risk / Return Rank

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

JQUA

JQUA Risk / Return Rank: 35
JQUA Sharpe Ratio Rank: 30
JQUA Sortino Ratio Rank: 32
JQUA Omega Ratio Rank: 32
JQUA Calmar Ratio Rank: 34
JQUA Martin Ratio Rank: 45

JEPQ

JEPQ Risk / Return Rank: 68
JEPQ Sharpe Ratio Rank: 60
JEPQ Sortino Ratio Rank: 63
JEPQ Omega Ratio Rank: 71
JEPQ Calmar Ratio Rank: 69
JEPQ Martin Ratio Rank: 79

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.

JQUA vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Quality Factor ETF (JQUA) 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.

	JQUA	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	0.60	1.09	-0.49
Sortino ratio Return per unit of downside risk	0.98	1.66	-0.68
Omega ratio Gain probability vs. loss probability	1.14	1.27	-0.13
Calmar ratio Return relative to maximum drawdown	0.90	1.82	-0.92
Martin ratio Return relative to average drawdown	4.40	8.93	-4.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JQUA vs. JEPQ - Sharpe Ratio Comparison

The current JQUA Sharpe Ratio is 0.60, which is lower than the JEPQ Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of JQUA and JEPQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JQUA	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	1.09	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.84	-0.11

Correlation

The correlation between JQUA and JEPQ is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

JQUA vs. JEPQ - Dividend Comparison

JQUA's dividend yield for the trailing twelve months is around 1.25%, less than JEPQ's 11.14% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JQUA JPMorgan U.S. Quality Factor ETF	1.25%	1.19%	1.24%	1.21%	1.60%	1.32%	1.44%	1.67%	2.10%	0.40%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	11.14%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JQUA vs. JEPQ - Drawdown Comparison

The maximum JQUA drawdown since its inception was -32.92%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for JQUA and JEPQ.

Drawdown Indicators

	JQUA	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-32.92%	-20.07%	-12.85%
Max Drawdown (1Y) Largest decline over 1 year	-11.55%	-11.58%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-22.47%	—	—
Current Drawdown Current decline from peak	-4.57%	-4.89%	+0.32%
Average Drawdown Average peak-to-trough decline	-4.23%	-3.55%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	2.36%	0.00%

Volatility

JQUA vs. JEPQ - Volatility Comparison

The current volatility for JPMorgan U.S. Quality Factor ETF (JQUA) is 4.42%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.08%. This indicates that JQUA 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

	JQUA	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	6.08%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	8.57%	10.52%	-1.95%
Volatility (1Y) Calculated over the trailing 1-year period	16.71%	18.54%	-1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.61%	16.91%	-1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.10%	16.91%	+1.19%