LQD vs. JEPQ
LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - LQD is a Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, LQD returned 4.07%/yr vs 17.64%/yr for JEPQ. Their 0.29 correlation means their historical movements had little consistent relationship. LQD charges 0.15%/yr vs 0.35%/yr for JEPQ.
Performance
LQD vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, LQD achieves a -1.41% return, which is significantly lower than JEPQ's 5.52% return.
LQD
- 1D
- -0.03%
- 1M
- -2.65%
- 6M
- -1.99%
- YTD
- -1.41%
- 1Y
- 1.95%
- 3Y*
- 4.07%
- 5Y*
- -1.00%
- 10Y*
- 2.06%
- ALL TIME*
- 4.35%
JEPQ
- 1D
- -0.97%
- 1M
- -2.60%
- 6M
- 3.56%
- YTD
- 5.52%
- 1Y
- 17.19%
- 3Y*
- 17.64%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $411.15M | $392.07M | $419.06M | |
| $3.09B | $3.13B | $2.99B |
LQD vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | -1.41% | 7.90% | 0.86% | 9.40% | -4.03% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 5.52% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between LQD and JEPQ is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.29 |
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Return for Risk
LQD vs. JEPQ — Risk / Return Rank
LQD
JEPQ
LQD vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LQD | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.23 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.97 | -1.29 |
| Martin ratioReturn relative to average drawdown | 1.76 | 8.72 | -6.96 |
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Drawdowns
LQD vs. JEPQ - Drawdown Comparison
The maximum LQD drawdown since its inception was -24.95%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for LQD and JEPQ.
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Drawdown Indicators
| LQD | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.95% | -20.07% | -4.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -8.82% | +5.48% |
Max Drawdown (3Y)Largest decline over 3 years | -7.87% | -20.07% | +12.20% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.95% | — | — |
Current DrawdownCurrent decline from peak | -5.51% | -4.71% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -3.37% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.99% | -0.69% |
Volatility
LQD vs. JEPQ - Volatility Comparison
The current volatility for iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is 1.28%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 5.63%. This indicates that LQD 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.
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Volatility by Period
| LQD | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 5.63% | -4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 11.56% | -7.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 14.13% | -8.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.64% | 16.84% | -8.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.69% | 16.84% | -8.15% |
LQD vs. JEPQ - Expense Ratio Comparison
LQD has a 0.15% expense ratio, which is lower than JEPQ's 0.35% expense ratio.
Dividends
LQD vs. JEPQ - Dividend Comparison
LQD's dividend yield for the trailing twelve months is around 4.65%, less than JEPQ's 10.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.80% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.65% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
Frequently Asked Questions
LQD and JEPQ have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPQ has higher volatility (5.63%) compared to LQD (1.28%). In terms of maximum drawdown, LQD dropped -24.95% vs JEPQ's -20.07%.
On 3-year performance, JEPQ leads with 17.64% vs 4.07% for LQD. On fees, LQD is cheaper at 0.15% per year. On volatility, LQD has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JEPQ has performed better with a 17.64% return vs 4.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQD is cheaper with a 0.15% expense ratio, compared with 0.35% for JEPQ.
JEPQ has the higher dividend yield at 10.80%, compared with 4.65% for LQD.
LQD is categorized as Corporate Bonds, while JEPQ is Nasdaq-100. LQD tracks iBoxx $ Liquid Investment Grade Index, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.15% for LQD and 0.35% for JEPQ.
JEPQ currently has the higher Sharpe Ratio (1.23 vs 0.43), 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.
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