MRSK vs. JEPQ

Last updated Jun 3, 2026

MRSK (Agility Shares Managed Risk ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - MRSK is a Hedge Fund fund actively managed by Toews Corp., while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. MRSK is actively managed, while JEPQ is passively managed. Over the past 3 years, MRSK returned 11.50%/yr vs 20.96%/yr for JEPQ. Their correlation of 0.83 suggests significant overlap in exposure. MRSK charges 0.99%/yr vs 0.35%/yr for JEPQ.

Performance

MRSK vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Agility Shares Managed Risk ETF (MRSK) 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, MRSK achieves a 5.48% return, which is significantly lower than JEPQ's 9.65% return.

MRSK

• 1D: 0.14%
• 1M: 4.29%
• YTD: 5.48%
• 6M: 6.16%
• 1Y: 19.76%
• 3Y*: 11.50%
• 5Y*: 8.40%
• 10Y*: —

JEPQ

• 1D: 0.26%
• 1M: 4.36%
• YTD: 9.65%
• 6M: 10.05%
• 1Y: 29.60%
• 3Y*: 20.96%
• 5Y*: —
• 10Y*: —

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

MRSK vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MRSK Agility Shares Managed Risk ETF	5.48%	11.93%	14.62%	13.29%	-7.06%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.65%	15.18%	24.85%	36.28%	-12.89%

Correlation

The correlation between MRSK and JEPQ is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.83

The correlation between MRSK and JEPQ has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.

MRSK vs. JEPQ - Sectors Allocation Comparison

Sectors	MRSK	JEPQ
Technology	35.7%	54.0%
Financial Services	12.0%	0.4%
Communication Services	10.8%	15.4%
Consumer Cyclical	10.1%	12.8%
Healthcare	8.6%	4.4%
Industrials	8.2%	3.1%
Consumer Defensive	4.9%	7.1%
Energy	3.6%	0.4%
Utilities	2.4%	1.3%
Real Estate	1.9%	0.2%
Basic Materials	1.8%	1.0%

Return for Risk

MRSK vs. JEPQ — Risk / Return Rank

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

MRSK

MRSK Risk / Return Rank: 55
MRSK Sharpe Ratio Rank: 55
MRSK Sortino Ratio Rank: 53
MRSK Omega Ratio Rank: 57
MRSK Calmar Ratio Rank: 51
MRSK Martin Ratio Rank: 58

JEPQ

JEPQ Risk / Return Rank: 77
JEPQ Sharpe Ratio Rank: 77
JEPQ Sortino Ratio Rank: 73
JEPQ Omega Ratio Rank: 82
JEPQ Calmar Ratio Rank: 68
JEPQ Martin Ratio Rank: 83

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.

MRSK vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Agility Shares Managed Risk ETF (MRSK) 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.

	MRSK	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	1.90	2.54	-0.64
Sortino ratio Return per unit of downside risk	2.60	3.35	-0.75
Omega ratio Gain probability vs. loss probability	1.35	1.50	-0.15
Calmar ratio Return relative to maximum drawdown	2.56	3.42	-0.86
Martin ratio Return relative to average drawdown	10.35	16.82	-6.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MRSK vs. JEPQ - Sharpe Ratio Comparison

The current MRSK Sharpe Ratio is 1.90, which is comparable to the JEPQ Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of MRSK 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

	MRSK	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	2.54	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	1.01	-0.04

Drawdowns

MRSK vs. JEPQ - Drawdown Comparison

The maximum MRSK drawdown since its inception was -14.70%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for MRSK and JEPQ.

Drawdown Indicators

	MRSK	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-14.70%	-20.07%	+5.37%
Max Drawdown (1Y) Largest decline over 1 year	-7.82%	-8.82%	+1.00%
Max Drawdown (3Y) Largest decline over 3 years	-12.22%	-20.07%	+7.85%
Max Drawdown (5Y) Largest decline over 5 years	-14.70%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.59%	-3.42%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	1.79%	+0.15%

Volatility

MRSK vs. JEPQ - Volatility Comparison

Agility Shares Managed Risk ETF (MRSK) has a higher volatility of 2.44% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.25%. This indicates that MRSK'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

	MRSK	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.44%	1.25%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	8.31%	9.07%	-0.76%
Volatility (1Y) Calculated over the trailing 1-year period	10.47%	11.73%	-1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.67%	16.62%	-4.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.85%	16.62%	-4.77%

MRSK vs. JEPQ - Expense Ratio Comparison

MRSK has a 0.99% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

MRSK vs. JEPQ - Dividend Comparison

MRSK's dividend yield for the trailing twelve months is around 0.35%, less than JEPQ's 10.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.06%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%
MRSK Agility Shares Managed Risk ETF	0.35%	0.37%	0.44%	0.60%	1.11%	14.20%	4.29%

Frequently Asked Questions

Can I hold both MRSK and JEPQ in my portfolio?

MRSK and JEPQ have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MRSK or JEPQ?

MRSK has higher volatility (2.44%) compared to JEPQ (1.25%). In terms of maximum drawdown, MRSK dropped -14.70% vs JEPQ's -20.07%.

Which ETF is better, MRSK or JEPQ?

On 3-year performance, JEPQ leads with 20.96% vs 11.50% for MRSK. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JEPQ has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MRSK or JEPQ?

Over the 3-year period, JEPQ has performed better with a 20.96% return vs 11.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MRSK or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.99% for MRSK.

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

JEPQ has the higher dividend yield at 10.06%, compared with 0.35% for MRSK.

What is the main difference between MRSK and JEPQ?

MRSK is categorized as Hedge Fund, while JEPQ is Nasdaq-100. They also come from different issuers: Toews Corp. and JPMorgan. Their fees differ too: 0.99% for MRSK and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.54 vs 1.90), 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.