NURE vs. JEPQ

Last updated Jun 3, 2026

NURE (Nuveen Short-Term REIT ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - NURE is a REIT fund tracking the Dow Jones U.S. Select Short-Term REIT Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, NURE returned 4.47%/yr vs 20.96%/yr for JEPQ. At a 0.41 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.

Performance

NURE vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Short-Term REIT ETF (NURE) 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, NURE achieves a 10.39% return, which is significantly higher than JEPQ's 9.65% return.

NURE

• 1D: 0.45%
• 1M: 2.65%
• YTD: 10.39%
• 6M: 11.13%
• 1Y: 6.14%
• 3Y*: 4.47%
• 5Y*: 1.47%
• 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)

NURE vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NURE Nuveen Short-Term REIT ETF	10.39%	-7.51%	6.65%	13.09%	-21.80%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.65%	15.18%	24.85%	36.28%	-12.89%

Correlation

The correlation between NURE and JEPQ is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.41

Over the past year, the correlation between NURE and JEPQ has dropped to 0.18 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.

NURE vs. JEPQ - Sectors Allocation Comparison

Sectors	NURE	JEPQ
Real Estate	100.0%	0.2%
Basic Materials	-	1.0%
Communication Services	-	15.4%
Consumer Cyclical	-	12.8%
Consumer Defensive	-	7.1%
Energy	-	0.4%
Financial Services	-	0.4%
Healthcare	-	4.4%
Industrials	-	3.1%
Technology	-	54.0%
Utilities	-	1.3%

Return for Risk

NURE vs. JEPQ — Risk / Return Rank

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

NURE

NURE Risk / Return Rank: 15
NURE Sharpe Ratio Rank: 15
NURE Sortino Ratio Rank: 14
NURE Omega Ratio Rank: 14
NURE Calmar Ratio Rank: 17
NURE Martin Ratio Rank: 15

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.

NURE vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Short-Term REIT ETF (NURE) 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.

	NURE	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	0.39	2.54	-2.15
Sortino ratio Return per unit of downside risk	0.67	3.35	-2.68
Omega ratio Gain probability vs. loss probability	1.08	1.50	-0.42
Calmar ratio Return relative to maximum drawdown	0.66	3.42	-2.76
Martin ratio Return relative to average drawdown	1.38	16.82	-15.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NURE vs. JEPQ - Sharpe Ratio Comparison

The current NURE Sharpe Ratio is 0.39, which is lower than the JEPQ Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of NURE 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

	NURE	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	2.54	-2.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	1.01	-0.74

Drawdowns

NURE vs. JEPQ - Drawdown Comparison

The maximum NURE drawdown since its inception was -46.05%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for NURE and JEPQ.

Drawdown Indicators

	NURE	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-46.05%	-20.07%	-25.98%
Max Drawdown (1Y) Largest decline over 1 year	-9.13%	-8.82%	-0.31%
Max Drawdown (3Y) Largest decline over 3 years	-21.03%	-20.07%	-0.96%
Max Drawdown (5Y) Largest decline over 5 years	-35.98%	—	—
Current Drawdown Current decline from peak	-12.97%	0.00%	-12.97%
Average Drawdown Average peak-to-trough decline	-12.30%	-3.42%	-8.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.39%	1.79%	+2.60%

Volatility

NURE vs. JEPQ - Volatility Comparison

Nuveen Short-Term REIT ETF (NURE) has a higher volatility of 4.33% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.25%. This indicates that NURE'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

	NURE	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	1.25%	+3.08%
Volatility (6M) Calculated over the trailing 6-month period	11.47%	9.07%	+2.40%
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	11.73%	+4.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.65%	16.62%	+3.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.81%	16.62%	+5.19%

NURE vs. JEPQ - Expense Ratio Comparison

Both NURE and JEPQ have an expense ratio of 0.35%.

Dividends

NURE vs. JEPQ - Dividend Comparison

NURE's dividend yield for the trailing twelve months is around 4.50%, less than JEPQ's 10.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.06%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NURE Nuveen Short-Term REIT ETF	4.50%	4.56%	3.51%	3.73%	2.80%	1.34%	3.41%	3.28%	4.11%	3.86%	0.48%

Frequently Asked Questions

Can I hold both NURE and JEPQ in my portfolio?

NURE and JEPQ have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NURE or JEPQ?

NURE has higher volatility (4.33%) compared to JEPQ (1.25%). In terms of maximum drawdown, NURE dropped -46.05% vs JEPQ's -20.07%.

Which ETF is better, NURE or JEPQ?

On 3-year performance, JEPQ leads with 20.96% vs 4.47% for NURE. Both ETFs have the same 0.35% expense ratio. 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, NURE or JEPQ?

Over the 3-year period, JEPQ has performed better with a 20.96% return vs 4.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NURE or JEPQ?

NURE and JEPQ have the same expense ratio: 0.35% per year.

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

JEPQ has the higher dividend yield at 10.06%, compared with 4.50% for NURE.

What is the main difference between NURE and JEPQ?

NURE is categorized as REIT, while JEPQ is Nasdaq-100. NURE tracks Dow Jones U.S. Select Short-Term REIT Index, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: Nuveen and JPMorgan.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.54 vs 0.39), 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.