Correlation
The correlation between PBP and JEPQ is 0.77, 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.
PBP vs. JEPQ
Compare and contrast key facts about Invesco S&P 500 BuyWrite ETF (PBP) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
PBP and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PBP is a passively managed fund by Invesco that tracks the performance of the CBOE S&P 500 BuyWrite Index. It was launched on Dec 20, 2007. JEPQ is an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBP or JEPQ.
Performance
PBP vs. JEPQ - Performance Comparison
Loading data...
Key characteristics
PBP:
0.58
JEPQ:
0.39
PBP:
0.89
JEPQ:
0.70
PBP:
1.16
JEPQ:
1.11
PBP:
0.55
JEPQ:
0.40
PBP:
2.01
JEPQ:
1.38
PBP:
4.20%
JEPQ:
5.86%
PBP:
15.72%
JEPQ:
20.30%
PBP:
-43.43%
JEPQ:
-20.07%
PBP:
-8.09%
JEPQ:
-7.14%
Returns By Period
In the year-to-date period, PBP achieves a -5.05% return, which is significantly lower than JEPQ's -2.87% return.
PBP
-5.05%
0.14%
-2.07%
9.02%
6.97%
9.14%
5.47%
JEPQ
-2.87%
3.86%
-1.74%
7.92%
14.35%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PBP vs. JEPQ - Expense Ratio Comparison
PBP has a 0.49% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
PBP vs. JEPQ — Risk-Adjusted Performance Rank
PBP
JEPQ
PBP vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 BuyWrite ETF (PBP) 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.
Loading data...
Dividends
PBP vs. JEPQ - Dividend Comparison
PBP's dividend yield for the trailing twelve months is around 10.80%, less than JEPQ's 11.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBP Invesco S&P 500 BuyWrite ETF | 10.80% | 10.22% | 3.35% | 1.33% | 6.21% | 1.41% | 5.55% | 2.59% | 10.86% | 2.56% | 5.21% | 4.96% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 11.26% | 9.65% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PBP vs. JEPQ - Drawdown Comparison
The maximum PBP drawdown since its inception was -43.43%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for PBP and JEPQ.
Loading data...
Volatility
PBP vs. JEPQ - Volatility Comparison
Invesco S&P 500 BuyWrite ETF (PBP) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) have volatilities of 1.95% and 2.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...