JULW vs. JEPQ

Last updated Apr 2, 2026

Compare and contrast key facts about AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).

JULW and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JULW is an actively managed fund by Allianz. It was launched on Jun 30, 2020. JEPQ is a passively managed fund by JPMorgan that tracks the performance of the Nasdaq-100 Index. It was launched on May 3, 2022.

Performance

JULW vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

JULW vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JULW AllianzIM U.S. Large Cap Buffer20 Jul ETF	-0.44%	11.57%	12.39%	16.06%	0.24%
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, JULW achieves a -0.44% return, which is significantly higher than JEPQ's -1.88% return.

JULW

• 1D: 0.36%
• 1M: -1.13%
• YTD: -0.44%
• 6M: 1.29%
• 1Y: 12.72%
• 3Y*: 11.46%
• 5Y*: 8.13%
• 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)

JULW vs. JEPQ - Expense Ratio Comparison

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

JULW

AllianzIM U.S. Large Cap Buffer20 Jul ETF

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

Return for Risk

JULW vs. JEPQ — Risk / Return Rank

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

JULW

JULW Risk / Return Rank: 81
JULW Sharpe Ratio Rank: 76
JULW Sortino Ratio Rank: 82
JULW Omega Ratio Rank: 88
JULW Calmar Ratio Rank: 70
JULW Martin Ratio Rank: 87

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.

JULW vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW) 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.

	JULW	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	1.47	1.09	+0.38
Sortino ratio Return per unit of downside risk	2.26	1.66	+0.59
Omega ratio Gain probability vs. loss probability	1.38	1.27	+0.11
Calmar ratio Return relative to maximum drawdown	2.01	1.82	+0.19
Martin ratio Return relative to average drawdown	11.75	8.93	+2.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JULW vs. JEPQ - Sharpe Ratio Comparison

The current JULW Sharpe Ratio is 1.47, which is higher than the JEPQ Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of JULW 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

	JULW	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	1.09	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	0.84	+0.46

Correlation

The correlation between JULW 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

JULW vs. JEPQ - Dividend Comparison

JULW has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 11.14%.

	TTM	2025	2024	2023	2022	2021	2020
JULW AllianzIM U.S. Large Cap Buffer20 Jul ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.04%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	11.14%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%

Drawdowns

JULW vs. JEPQ - Drawdown Comparison

The maximum JULW drawdown since its inception was -9.49%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for JULW and JEPQ.

Drawdown Indicators

	JULW	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-9.49%	-20.07%	+10.58%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-11.58%	+5.11%
Max Drawdown (5Y) Largest decline over 5 years	-9.49%	—	—
Current Drawdown Current decline from peak	-1.37%	-4.89%	+3.52%
Average Drawdown Average peak-to-trough decline	-0.94%	-3.55%	+2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	2.36%	-1.25%

Volatility

JULW vs. JEPQ - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW) is 2.41%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.08%. This indicates that JULW 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

	JULW	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.41%	6.08%	-3.67%
Volatility (6M) Calculated over the trailing 6-month period	3.45%	10.52%	-7.07%
Volatility (1Y) Calculated over the trailing 1-year period	8.67%	18.54%	-9.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.86%	16.91%	-10.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.61%	16.91%	-10.30%