NFLY vs. JEPQ

Last updated Apr 2, 2026

Compare and contrast key facts about YieldMax NFLX Option Income Strategy ETF (NFLY) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).

NFLY and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NFLY is an actively managed fund by YieldMax. It was launched on Aug 7, 2023. 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

NFLY vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax NFLX Option Income Strategy ETF (NFLY) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

NFLY vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NFLY YieldMax NFLX Option Income Strategy ETF	3.49%	1.66%	66.37%	3.45%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	-1.88%	15.18%	24.85%	7.75%

Returns By Period

In the year-to-date period, NFLY achieves a 3.49% return, which is significantly higher than JEPQ's -1.88% return.

NFLY

• 1D: 0.27%
• 1M: 0.11%
• YTD: 3.49%
• 6M: -14.17%
• 1Y: 2.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: 1.02%
• 1M: -2.60%
• YTD: -1.88%
• 6M: 2.46%
• 1Y: 20.16%
• 3Y*: 19.46%
• 5Y*: —
• 10Y*: —

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

NFLY vs. JEPQ - Expense Ratio Comparison

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

NFLY

YieldMax NFLX Option Income Strategy ETF

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

Return for Risk

NFLY vs. JEPQ — Risk / Return Rank

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

NFLY

NFLY Risk / Return Rank: 14
NFLY Sharpe Ratio Rank: 13
NFLY Sortino Ratio Rank: 14
NFLY Omega Ratio Rank: 15
NFLY Calmar Ratio Rank: 13
NFLY Martin Ratio Rank: 13

JEPQ

JEPQ Risk / Return Rank: 68
JEPQ Sharpe Ratio Rank: 60
JEPQ Sortino Ratio Rank: 63
JEPQ Omega Ratio Rank: 71
JEPQ Calmar Ratio Rank: 69
JEPQ Martin Ratio Rank: 79

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.

NFLY vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax NFLX Option Income Strategy ETF (NFLY) 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.

	NFLY	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	0.08	1.09	-1.02
Sortino ratio Return per unit of downside risk	0.32	1.66	-1.34
Omega ratio Gain probability vs. loss probability	1.04	1.27	-0.23
Calmar ratio Return relative to maximum drawdown	0.06	1.82	-1.76
Martin ratio Return relative to average drawdown	0.13	8.93	-8.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NFLY vs. JEPQ - Sharpe Ratio Comparison

The current NFLY Sharpe Ratio is 0.08, which is lower than the JEPQ Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of NFLY 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

	NFLY	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	1.09	-1.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.84	+0.05

Correlation

The correlation between NFLY and JEPQ is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NFLY vs. JEPQ - Dividend Comparison

NFLY's dividend yield for the trailing twelve months is around 60.75%, more than JEPQ's 11.14% yield.

	TTM	2025	2024	2023	2022
NFLY YieldMax NFLX Option Income Strategy ETF	60.75%	61.53%	49.91%	11.84%	0.00%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	11.14%	10.53%	9.65%	10.03%	9.44%

Drawdowns

NFLY vs. JEPQ - Drawdown Comparison

The maximum NFLY drawdown since its inception was -37.18%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for NFLY and JEPQ.

Drawdown Indicators

	NFLY	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-37.18%	-20.07%	-17.11%
Max Drawdown (1Y) Largest decline over 1 year	-37.18%	-11.58%	-25.60%
Current Drawdown Current decline from peak	-23.15%	-4.89%	-18.26%
Average Drawdown Average peak-to-trough decline	-7.39%	-3.55%	-3.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.53%	2.36%	+15.17%

Volatility

NFLY vs. JEPQ - Volatility Comparison

The current volatility for YieldMax NFLX Option Income Strategy ETF (NFLY) is 4.64%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.08%. This indicates that NFLY 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

	NFLY	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	6.08%	-1.44%
Volatility (6M) Calculated over the trailing 6-month period	22.25%	10.52%	+11.73%
Volatility (1Y) Calculated over the trailing 1-year period	28.94%	18.54%	+10.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.37%	16.91%	+11.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.37%	16.91%	+11.46%