MPGFX vs. JEPQ

Last updated Jun 4, 2026

MPGFX (Mairs & Power Growth Fund) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both funds - MPGFX is a Large Cap Blend Equities fund managed by Mairs & Power, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Over the past 3 years, MPGFX returned 17.28%/yr vs 20.92%/yr for JEPQ. Their correlation of 0.87 suggests significant overlap in exposure. MPGFX charges 0.61%/yr vs 0.35%/yr for JEPQ.

Performance

MPGFX vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mairs & Power Growth Fund (MPGFX) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with MPGFX having a 9.32% return and JEPQ slightly higher at 9.54%.

MPGFX

• 1D: -0.41%
• 1M: 2.85%
• YTD: 9.32%
• 6M: 10.06%
• 1Y: 23.87%
• 3Y*: 17.28%
• 5Y*: 10.47%
• 10Y*: 12.59%

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)

MPGFX vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MPGFX Mairs & Power Growth Fund	9.32%	10.55%	19.61%	27.70%	-9.95%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.54%	15.18%	24.85%	36.28%	-12.89%

Correlation

The correlation between MPGFX and JEPQ is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.87

The correlation between MPGFX and JEPQ has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

Return for Risk

MPGFX vs. JEPQ — Risk / Return Rank

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

MPGFX

MPGFX Risk / Return Rank: 46
MPGFX Sharpe Ratio Rank: 46
MPGFX Sortino Ratio Rank: 43
MPGFX Omega Ratio Rank: 44
MPGFX Calmar Ratio Rank: 46
MPGFX Martin Ratio Rank: 51

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.

MPGFX vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mairs & Power Growth Fund (MPGFX) 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.

	MPGFX	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.99	2.49	-0.49
Sortino ratio: Return per unit of downside risk	2.73	3.29	-0.56
Omega ratio: Gain probability vs. loss probability	1.36	1.49	-0.13
Calmar ratio: Return relative to maximum drawdown	2.60	3.31	-0.71
Martin ratio: Return relative to average drawdown	10.54	16.22	-5.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MPGFX vs. JEPQ - Sharpe Ratio Comparison

The current MPGFX Sharpe Ratio is 1.99, which is comparable to the JEPQ Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of MPGFX 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

	MPGFX	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	2.49	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	1.00	-0.68

Drawdowns

MPGFX vs. JEPQ - Drawdown Comparison

The maximum MPGFX drawdown since its inception was -61.00%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for MPGFX and JEPQ.

Drawdown Indicators

	MPGFX	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-61.00%	-20.07%	-40.93%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-8.82%	-0.72%
Max Drawdown (3Y) Largest decline over 3 years	-19.03%	-20.07%	+1.04%
Max Drawdown (5Y) Largest decline over 5 years	-25.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.08%	—	—
Current Drawdown Current decline from peak	-0.41%	-0.10%	-0.31%
Average Drawdown Average peak-to-trough decline	-14.70%	-3.42%	-11.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	1.79%	+0.55%

Volatility

MPGFX vs. JEPQ - Volatility Comparison

Mairs & Power Growth Fund (MPGFX) has a higher volatility of 2.54% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.26%. This indicates that MPGFX'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

	MPGFX	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.54%	1.26%	+1.28%
Volatility (6M) Calculated over the trailing 6-month period	9.30%	9.07%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	12.43%	11.73%	+0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.27%	16.61%	+0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.09%	16.61%	+1.48%

MPGFX vs. JEPQ - Expense Ratio Comparison

MPGFX has a 0.61% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

MPGFX vs. JEPQ - Dividend Comparison

MPGFX's dividend yield for the trailing twelve months is around 4.10%, less than JEPQ's 10.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.07%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MPGFX Mairs & Power Growth Fund	4.10%	4.48%	3.84%	2.34%	8.80%	8.13%	8.81%	7.39%	8.76%	9.47%	5.84%	7.92%

Frequently Asked Questions

Can I hold both MPGFX and JEPQ in my portfolio?

MPGFX and JEPQ have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MPGFX or JEPQ?

MPGFX has higher volatility (2.54%) compared to JEPQ (1.26%). In terms of maximum drawdown, MPGFX dropped -61.00% vs JEPQ's -20.07%.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.49 vs 1.99), 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.