MRSK vs. JEPQ
MRSK (Agility Shares Managed Risk ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - MRSK is a Equity Hedged fund actively managed by Toews, 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 10.11%/yr vs 17.49%/yr for JEPQ. Their correlation of 0.82 means they have usually moved in the same direction. MRSK charges 0.99%/yr vs 0.35%/yr for JEPQ.
Performance
MRSK vs. JEPQ - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with MRSK having a 5.79% return and JEPQ slightly higher at 6.05%.
MRSK
- 1D
- 0.23%
- 1M
- 0.67%
- 6M
- 4.40%
- YTD
- 5.79%
- 1Y
- 16.09%
- 3Y*
- 10.11%
- 5Y*
- 7.55%
- 10Y*
- —
- ALL TIME*
- 11.01%
JEPQ
- 1D
- 0.57%
- 1M
- -1.92%
- 6M
- 3.71%
- YTD
- 6.05%
- 1Y
- 19.59%
- 3Y*
- 17.49%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $439.89M | $417.31M | $422.49M | |
| $909.40K | $1.63M | $1.05M |
MRSK vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MRSK Agility Shares Managed Risk ETF | 5.79% | 11.93% | 14.62% | 13.29% | -5.84% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 6.05% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between MRSK and JEPQ is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.82 |
The correlation between MRSK and JEPQ has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MRSK vs. JEPQ — Risk / Return Rank
MRSK
JEPQ
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.
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.
| MRSK | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.02 | -0.13 |
| Martin ratioReturn relative to average drawdown | 7.39 | 8.30 | -0.91 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| MRSK | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | 0.00% | -4.23% | +4.23% |
Average DrawdownAverage peak-to-trough decline | -3.51% | -3.38% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 2.14% | -0.15% |
Volatility
MRSK vs. JEPQ - Volatility Comparison
The current volatility for Agility Shares Managed Risk ETF (MRSK) is 1.77%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.09%. This indicates that MRSK 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.
Loading charts...
Volatility by Period
| MRSK | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 6.09% | -4.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.05% | 12.15% | -4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 14.65% | -3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.77% | 16.90% | -5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.80% | 16.90% | -5.10% |
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 10.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.99% | 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
MRSK and JEPQ have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPQ has higher volatility (6.09%) compared to MRSK (1.77%). In terms of maximum drawdown, MRSK dropped -14.70% vs JEPQ's -20.07%.
On 3-year performance, JEPQ leads with 17.49% vs 10.11% for MRSK. On fees, JEPQ is cheaper at 0.35% per year. On volatility, MRSK has been the lower-risk option at 1.77%. 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 17.49% return vs 10.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JEPQ is cheaper with a 0.35% expense ratio, compared with 0.99% for MRSK.
JEPQ has the higher dividend yield at 9.99%, compared with 0.35% for MRSK.
MRSK is categorized as Equity Hedged, while JEPQ is Nasdaq-100. They also come from different issuers: Toews and JPMorgan. Their fees differ too: 0.99% for MRSK and 0.35% for JEPQ.
MRSK currently has the higher Sharpe Ratio (1.35 vs 1.22), 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.
Find the right allocation for MRSK and JEPQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer