NAUG vs. JEPQ

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator Growth-100 Power Buffer ETF (NAUG) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).

NAUG and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NAUG is an actively managed fund by Innovator. It was launched on Jul 31, 2024. JEPQ is a passively managed fund by JPMorgan that tracks the performance of the Nasdaq-100 Index. It was launched on May 3, 2022.

Performance

NAUG vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth-100 Power Buffer ETF (NAUG) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

NAUG vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NAUG Innovator Growth-100 Power Buffer ETF	-2.10%	14.81%	7.13%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	-2.87%	15.18%	13.03%

Returns By Period

In the year-to-date period, NAUG achieves a -2.10% return, which is significantly higher than JEPQ's -2.87% return.

NAUG

• 1D: 1.92%
• 1M: -2.07%
• YTD: -2.10%
• 6M: -0.02%
• 1Y: 16.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: 3.25%
• 1M: -3.50%
• YTD: -2.87%
• 6M: 1.65%
• 1Y: 19.82%
• 3Y*: 19.06%
• 5Y*: —
• 10Y*: —

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

NAUG vs. JEPQ - Expense Ratio Comparison

NAUG has a 0.79% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

NAUG

Innovator Growth-100 Power Buffer ETF

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

Return for Risk

NAUG vs. JEPQ — Risk / Return Rank

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

NAUG

NAUG Risk / Return Rank: 80
NAUG Sharpe Ratio Rank: 73
NAUG Sortino Ratio Rank: 79
NAUG Omega Ratio Rank: 82
NAUG Calmar Ratio Rank: 77
NAUG Martin Ratio Rank: 89

JEPQ

JEPQ Risk / Return Rank: 72
JEPQ Sharpe Ratio Rank: 65
JEPQ Sortino Ratio Rank: 68
JEPQ Omega Ratio Rank: 75
JEPQ Calmar Ratio Rank: 72
JEPQ Martin Ratio Rank: 82

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.

NAUG vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF (NAUG) 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.

	NAUG	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	1.32	1.07	+0.25
Sortino ratio Return per unit of downside risk	2.06	1.64	+0.42
Omega ratio Gain probability vs. loss probability	1.32	1.27	+0.06
Calmar ratio Return relative to maximum drawdown	2.08	1.70	+0.38
Martin ratio Return relative to average drawdown	11.32	8.45	+2.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NAUG vs. JEPQ - Sharpe Ratio Comparison

The current NAUG Sharpe Ratio is 1.32, which is comparable to the JEPQ Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of NAUG and JEPQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NAUG	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	1.07	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	0.82	+0.20

Correlation

The correlation between NAUG and JEPQ is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

NAUG vs. JEPQ - Dividend Comparison

NAUG has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 11.10%.

	TTM	2025	2024	2023	2022
NAUG Innovator Growth-100 Power Buffer ETF	0.00%	0.00%	0.00%	0.00%	0.00%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	11.10%	10.53%	9.65%	10.03%	9.44%

Drawdowns

NAUG vs. JEPQ - Drawdown Comparison

The maximum NAUG drawdown since its inception was -12.88%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for NAUG and JEPQ.

Drawdown Indicators

	NAUG	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-12.88%	-20.07%	+7.19%
Max Drawdown (1Y) Largest decline over 1 year	-7.94%	-11.58%	+3.64%
Current Drawdown Current decline from peak	-3.28%	-5.85%	+2.57%
Average Drawdown Average peak-to-trough decline	-1.30%	-3.55%	+2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.46%	2.34%	-0.88%

Volatility

NAUG vs. JEPQ - Volatility Comparison

The current volatility for Innovator Growth-100 Power Buffer ETF (NAUG) is 3.67%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.02%. This indicates that NAUG 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.

Volatility by Period

	NAUG	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	6.02%	-2.35%
Volatility (6M) Calculated over the trailing 6-month period	6.18%	10.47%	-4.29%
Volatility (1Y) Calculated over the trailing 1-year period	12.51%	18.52%	-6.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.66%	16.91%	-5.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.66%	16.91%	-5.25%