MSTR vs. JEPQ
MSTR (Strategy Inc) is a stock, while JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) is Nasdaq-100 fund tracking the Nasdaq-100 Index. Over the past 3 years, MSTR returned 63.46%/yr vs 19.91%/yr for JEPQ. At a 0.49 correlation, their price movements are largely independent.
Performance
MSTR vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, MSTR achieves a -18.41% return, which is significantly lower than JEPQ's 7.85% return.
MSTR
- 1D
- 3.18%
- 1M
- -33.70%
- YTD
- -18.41%
- 6M
- -29.74%
- 1Y
- -67.62%
- 3Y*
- 63.46%
- 5Y*
- 19.14%
- 10Y*
- 20.92%
JEPQ
- 1D
- 0.62%
- 1M
- 0.68%
- YTD
- 7.85%
- 6M
- 8.80%
- 1Y
- 26.60%
- 3Y*
- 19.91%
- 5Y*
- —
- 10Y*
- —
MSTR vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MSTR Strategy Inc | -18.41% | -47.53% | 358.54% | 346.15% | -58.77% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 7.85% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between MSTR and JEPQ is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.49 |
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Return for Risk
MSTR vs. JEPQ — Risk / Return Rank
MSTR
JEPQ
MSTR vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) 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.
| MSTR | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.98 | ||
| Sortino ratioReturn per unit of downside risk | -4.40 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.40 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 2.91 | -3.79 |
| Martin ratioReturn relative to average drawdown | -1.27 | 13.84 | -15.11 |
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Drawdowns
MSTR vs. JEPQ - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for MSTR and JEPQ.
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Drawdown Indicators
| MSTR | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -20.07% | -79.79% |
Max Drawdown (1Y)Largest decline over 1 year | -76.53% | -8.82% | -67.71% |
Max Drawdown (3Y)Largest decline over 3 years | -77.42% | -20.07% | -57.35% |
Max Drawdown (5Y)Largest decline over 5 years | -84.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -89.27% | — | — |
Current DrawdownCurrent decline from peak | -73.84% | -1.64% | -72.20% |
Average DrawdownAverage peak-to-trough decline | -86.45% | -3.41% | -83.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.01% | 1.85% | +51.16% |
Volatility
MSTR vs. JEPQ - Volatility Comparison
Strategy Inc (MSTR) has a higher volatility of 21.60% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 4.98%. This indicates that MSTR'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.
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Volatility by Period
| MSTR | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.60% | 4.98% | +16.62% |
Volatility (6M)Calculated over the trailing 6-month period | 57.34% | 10.22% | +47.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.15% | 12.61% | +58.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.79% | 16.73% | +74.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.80% | 16.73% | +57.07% |
Dividends
MSTR vs. JEPQ - Dividend Comparison
MSTR has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 10.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.22% | 10.53% | 9.65% | 10.03% | 9.44% |
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSTR and JEPQ have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (21.60%) compared to JEPQ (4.98%). In terms of maximum drawdown, MSTR dropped -99.86% vs JEPQ's -20.07%.
JEPQ currently has the higher Sharpe Ratio (2.03 vs -0.95), 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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