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.
Correlation
The correlation between PBP and JEPQ is 0.73, 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.
Performance
PBP vs. JEPQ - Performance Comparison
Key characteristics
PBP:
2.59
JEPQ:
2.17
PBP:
3.60
JEPQ:
2.81
PBP:
1.60
JEPQ:
1.44
PBP:
3.60
JEPQ:
2.54
PBP:
22.27
JEPQ:
10.92
PBP:
0.88%
JEPQ:
2.49%
PBP:
7.60%
JEPQ:
12.56%
PBP:
-43.43%
JEPQ:
-16.82%
PBP:
-0.21%
JEPQ:
-0.67%
Returns By Period
In the year-to-date period, PBP achieves a 18.96% return, which is significantly lower than JEPQ's 26.73% return.
PBP
18.96%
1.94%
11.46%
19.34%
6.37%
6.25%
JEPQ
26.73%
2.86%
10.59%
27.14%
N/A
N/A
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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 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.
Dividends
PBP vs. JEPQ - Dividend Comparison
PBP's dividend yield for the trailing twelve months is around 8.49%, less than JEPQ's 9.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBP Invesco S&P 500 BuyWrite ETF | 8.49% | 3.35% | 1.34% | 6.21% | 1.41% | 5.55% | 2.59% | 10.86% | 2.56% | 5.21% | 4.95% | 6.63% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.33% | 10.02% | 9.44% | 0.00% | 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 -16.82%. Use the drawdown chart below to compare losses from any high point for PBP and JEPQ. For additional features, visit the drawdowns tool.
Volatility
PBP vs. JEPQ - Volatility Comparison
The current volatility for Invesco S&P 500 BuyWrite ETF (PBP) is 1.86%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 2.90%. This indicates that PBP 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.