OMAH vs. JEPQ

Last updated Aug 2, 2026

OMAH (VistaShares Target 15™ Berkshire Select Income ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - OMAH is a Derivative Income fund actively managed by VistaShares, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. OMAH is actively managed, while JEPQ is passively managed. Over the past year, OMAH returned 15.78% vs 19.59% for JEPQ. Their 0.34 correlation means their historical movements had little consistent relationship. OMAH charges 0.95%/yr vs 0.35%/yr for JEPQ.

Performance

OMAH vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VistaShares Target 15™ Berkshire Select Income ETF (OMAH) 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, OMAH achieves a 9.54% return, which is significantly higher than JEPQ's 6.05% return.

OMAH

• 1D: -0.48%
• 1M: 0.88%
• 6M: 10.58%
• YTD: 9.54%
• 1Y: 15.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.63%

JEPQ

• 1D: 0.57%
• 1M: -1.92%
• 6M: 3.71%
• YTD: 6.05%
• 1Y: 19.59%
• 3Y*: 17.49%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	$439.89M	$417.31M	$422.49M
OMAH VistaShares Target 15™ Berkshire Select Income ETF	$19.26M	$17.24M	$16.29M

OMAH vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025
OMAH VistaShares Target 15™ Berkshire Select Income ETF	9.54%	6.55%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	6.05%	17.93%

Correlation

The correlation between OMAH and JEPQ is 0.18, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.18
Correlation (All Time) Calculated using the full available price history since Mar 5, 2025	0.34

The correlation between OMAH and JEPQ shifts across timeframes, from 0.18 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.

OMAH vs. JEPQ - Sectors Allocation Comparison

Sectors	OMAH	JEPQ
Financial Services	39.1%	0.3%
Communication Services	19.1%	12.8%
Consumer Defensive	12.7%	5.8%
Technology	10.5%	60.6%
Energy	7.7%	0.3%
Industrials	5.9%	3.0%
Healthcare	5.0%	4.0%
Consumer Cyclical	4.1%	11.1%
Basic Materials	-	0.9%
Real Estate	-	0.2%
Utilities	-	1.0%

Return for Risk

OMAH vs. JEPQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OMAH

OMAH Risk / Return Rank: 82
OMAH Sharpe Ratio Rank: 78
OMAH Sortino Ratio Rank: 78
OMAH Omega Ratio Rank: 75
OMAH Calmar Ratio Rank: 94
OMAH Martin Ratio Rank: 86

JEPQ

JEPQ Risk / Return Rank: 55
JEPQ Sharpe Ratio Rank: 50
JEPQ Sortino Ratio Rank: 48
JEPQ Omega Ratio Rank: 52
JEPQ Calmar Ratio Rank: 58
JEPQ Martin Ratio Rank: 68

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OMAH vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VistaShares Target 15™ Berkshire Select Income ETF (OMAH) 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.

	OMAH	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.22	+0.56
Sortino ratio: Return per unit of downside risk	2.50	1.72	+0.77
Omega ratio: Gain probability vs. loss probability	1.31	1.23	+0.08
Calmar ratio: Return relative to maximum drawdown	5.03	2.02	+3.01
Martin ratio: Return relative to average drawdown	12.06	8.30	+3.76

OMAH vs. JEPQ - Sharpe Ratio Comparison

The current OMAH Sharpe Ratio is 1.77, which is higher than the JEPQ Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of OMAH 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.

Drawdowns

OMAH vs. JEPQ - Drawdown Comparison

The maximum OMAH drawdown since its inception was -11.83%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for OMAH and JEPQ.

Drawdown Indicators

	OMAH	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-11.83%	-20.07%	+8.24%
Max Drawdown (1Y) Largest decline over 1 year	-2.95%	-8.82%	+5.87%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.07%	—
Current Drawdown Current decline from peak	-1.05%	-4.23%	+3.18%
Average Drawdown Average peak-to-trough decline	-1.23%	-3.38%	+2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	2.14%	-0.91%

Volatility

OMAH vs. JEPQ - Volatility Comparison

The current volatility for VistaShares Target 15™ Berkshire Select Income ETF (OMAH) is 3.15%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.09%. This indicates that OMAH 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

	OMAH	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	6.09%	-2.94%
Volatility (6M) Calculated over the trailing 6-month period	5.90%	12.15%	-6.25%
Volatility (1Y) Calculated over the trailing 1-year period	8.40%	14.65%	-6.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.84%	16.90%	-4.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.84%	16.90%	-4.06%

OMAH vs. JEPQ - Expense Ratio Comparison

OMAH has a 0.95% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

OMAH vs. JEPQ - Dividend Comparison

OMAH's dividend yield for the trailing twelve months is around 15.01%, more than JEPQ's 10.75% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.99%	10.53%	9.65%	10.03%	9.44%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	15.01%	12.86%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OMAH and JEPQ in my portfolio?

OMAH 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, OMAH or JEPQ?

JEPQ has higher volatility (6.09%) compared to OMAH (3.15%). In terms of maximum drawdown, OMAH dropped -11.83% vs JEPQ's -20.07%.

Which ETF is better, OMAH or JEPQ?

On 1-year performance, JEPQ leads with 19.59% vs 15.78% for OMAH. On fees, JEPQ is cheaper at 0.35% per year. On volatility, OMAH has been the lower-risk option at 3.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OMAH or JEPQ?

Over the 1-year period, JEPQ has performed better with a 19.59% return vs 15.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OMAH or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.95% for OMAH.

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

OMAH has the higher dividend yield at 15.01%, compared with 9.99% for JEPQ.

What is the main difference between OMAH and JEPQ?

OMAH is categorized as Derivative Income, while JEPQ is Nasdaq-100. They also come from different issuers: VistaShares and JPMorgan. Their fees differ too: 0.95% for OMAH and 0.35% for JEPQ.

Which has better risk-adjusted returns?

OMAH currently has the higher Sharpe Ratio (1.77 vs 1.22), 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.