NVYY vs. JEPQ

Last updated Jun 4, 2026

NVYY (GraniteShares YieldBOOST NVDA ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - NVYY is a Leveraged Equities fund actively managed by GraniteShares, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. NVYY is actively managed, while JEPQ is passively managed. Over the past year, NVYY returned 31.22% vs 29.00% for JEPQ. A 0.59 correlation means they provide meaningful diversification when combined. NVYY charges 1.07%/yr vs 0.35%/yr for JEPQ.

Performance

NVYY vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST NVDA ETF (NVYY) 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, NVYY achieves a 4.60% return, which is significantly lower than JEPQ's 9.54% return.

NVYY

• 1D: -0.48%
• 1M: 4.98%
• YTD: 4.60%
• 6M: 3.99%
• 1Y: 31.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: -0.10%
• 1M: 4.31%
• YTD: 9.54%
• 6M: 9.75%
• 1Y: 29.00%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —

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

NVYY vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025
NVYY GraniteShares YieldBOOST NVDA ETF	4.60%	31.62%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.54%	19.33%

Correlation

The correlation between NVYY and JEPQ is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (All Time) Calculated using the full available price history since May 14, 2025	0.59

The correlation between NVYY and JEPQ has been stable across timeframes, ranging from 0.58 to 0.59 - a consistent structural relationship.

Return for Risk

NVYY vs. JEPQ — Risk / Return Rank

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

NVYY

NVYY Risk / Return Rank: 35
NVYY Sharpe Ratio Rank: 35
NVYY Sortino Ratio Rank: 31
NVYY Omega Ratio Rank: 36
NVYY Calmar Ratio Rank: 42
NVYY Martin Ratio Rank: 32

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 74
JEPQ Sortino Ratio Rank: 71
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

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.

NVYY vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST NVDA ETF (NVYY) 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.

	NVYY	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.29	2.49	-1.19
Sortino ratio: Return per unit of downside risk	1.71	3.29	-1.58
Omega ratio: Gain probability vs. loss probability	1.24	1.49	-0.25
Calmar ratio: Return relative to maximum drawdown	2.10	3.31	-1.20
Martin ratio: Return relative to average drawdown	4.82	16.22	-11.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVYY vs. JEPQ - Sharpe Ratio Comparison

The current NVYY Sharpe Ratio is 1.29, which is lower than the JEPQ Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of NVYY 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

	NVYY	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	2.49	-1.19
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	1.00	+0.47

Drawdowns

NVYY vs. JEPQ - Drawdown Comparison

The maximum NVYY drawdown since its inception was -14.90%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for NVYY and JEPQ.

Drawdown Indicators

	NVYY	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-14.90%	-20.07%	+5.17%
Max Drawdown (1Y) Largest decline over 1 year	-14.90%	-8.82%	-6.08%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.07%	—
Current Drawdown Current decline from peak	-4.86%	-0.10%	-4.76%
Average Drawdown Average peak-to-trough decline	-5.00%	-3.42%	-1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.50%	1.79%	+4.71%

Volatility

NVYY vs. JEPQ - Volatility Comparison

GraniteShares YieldBOOST NVDA ETF (NVYY) has a higher volatility of 4.65% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.26%. This indicates that NVYY'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

	NVYY	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	1.26%	+3.39%
Volatility (6M) Calculated over the trailing 6-month period	16.78%	9.07%	+7.71%
Volatility (1Y) Calculated over the trailing 1-year period	24.28%	11.73%	+12.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.10%	16.61%	+7.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.10%	16.61%	+7.49%

NVYY vs. JEPQ - Expense Ratio Comparison

NVYY has a 1.07% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

NVYY vs. JEPQ - Dividend Comparison

NVYY's dividend yield for the trailing twelve months is around 147.62%, more than JEPQ's 10.07% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.07%	10.53%	9.65%	10.03%	9.44%
NVYY GraniteShares YieldBOOST NVDA ETF	147.62%	75.30%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVYY and JEPQ in my portfolio?

NVYY and JEPQ have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVYY or JEPQ?

NVYY has higher volatility (4.65%) compared to JEPQ (1.26%). In terms of maximum drawdown, NVYY dropped -14.90% vs JEPQ's -20.07%.

Which ETF is better, NVYY or JEPQ?

On 1-year performance, NVYY leads with 31.22% vs 29.00% for JEPQ. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JEPQ has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVYY or JEPQ?

Over the 1-year period, NVYY has performed better with a 31.22% return vs 29.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVYY or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 1.07% for NVYY.

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

NVYY has the higher dividend yield at 147.62%, compared with 10.07% for JEPQ.

What is the main difference between NVYY and JEPQ?

NVYY is categorized as Leveraged Equities, while JEPQ is Nasdaq-100. They also come from different issuers: GraniteShares and JPMorgan. Their fees differ too: 1.07% for NVYY and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.49 vs 1.29), 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.