PDO vs. JEPQ

Last updated Apr 2, 2026

Compare and contrast key facts about Pimco Dynamic Income Opportunities Fund (PDO) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).

JEPQ is a passively managed fund by JPMorgan that tracks the performance of the Nasdaq-100 Index. It was launched on May 3, 2022.

Performance

PDO vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pimco Dynamic Income Opportunities Fund (PDO) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

PDO vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PDO Pimco Dynamic Income Opportunities Fund	-1.94%	13.96%	24.55%	8.06%	-9.60%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	-1.88%	15.18%	24.85%	36.28%	-12.89%

Returns By Period

The year-to-date returns for both investments are quite close, with PDO having a -1.94% return and JEPQ slightly higher at -1.88%.

PDO

• 1D: 2.09%
• 1M: -4.88%
• YTD: -1.94%
• 6M: -1.29%
• 1Y: 6.40%
• 3Y*: 14.61%
• 5Y*: 3.86%
• 10Y*: —

JEPQ

• 1D: 1.02%
• 1M: -2.60%
• YTD: -1.88%
• 6M: 2.46%
• 1Y: 20.16%
• 3Y*: 19.46%
• 5Y*: —
• 10Y*: —

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

Return for Risk

PDO vs. JEPQ — Risk / Return Rank

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

PDO

PDO Risk / Return Rank: 54
PDO Sharpe Ratio Rank: 56
PDO Sortino Ratio Rank: 45
PDO Omega Ratio Rank: 55
PDO Calmar Ratio Rank: 54
PDO Martin Ratio Rank: 62

JEPQ

JEPQ Risk / Return Rank: 68
JEPQ Sharpe Ratio Rank: 60
JEPQ Sortino Ratio Rank: 63
JEPQ Omega Ratio Rank: 71
JEPQ Calmar Ratio Rank: 69
JEPQ Martin Ratio Rank: 79

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.

PDO vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pimco Dynamic Income Opportunities Fund (PDO) 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.

	PDO	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	0.43	1.09	-0.66
Sortino ratio Return per unit of downside risk	0.65	1.66	-1.01
Omega ratio Gain probability vs. loss probability	1.14	1.27	-0.13
Calmar ratio Return relative to maximum drawdown	0.54	1.82	-1.27
Martin ratio Return relative to average drawdown	2.28	8.93	-6.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PDO vs. JEPQ - Sharpe Ratio Comparison

The current PDO Sharpe Ratio is 0.43, which is lower than the JEPQ Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of PDO and JEPQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PDO	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.43	1.09	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.84	-0.59

Correlation

The correlation between PDO and JEPQ is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PDO vs. JEPQ - Dividend Comparison

PDO's dividend yield for the trailing twelve months is around 11.63%, more than JEPQ's 11.14% yield.

	TTM	2025	2024	2023	2022	2021
PDO Pimco Dynamic Income Opportunities Fund	11.63%	11.09%	11.29%	12.54%	19.09%	8.56%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	11.14%	10.53%	9.65%	10.03%	9.44%	0.00%

Drawdowns

PDO vs. JEPQ - Drawdown Comparison

The maximum PDO drawdown since its inception was -36.83%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for PDO and JEPQ.

Drawdown Indicators

	PDO	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-36.83%	-20.07%	-16.76%
Max Drawdown (1Y) Largest decline over 1 year	-11.50%	-11.58%	+0.08%
Max Drawdown (5Y) Largest decline over 5 years	-36.83%	—	—
Current Drawdown Current decline from peak	-5.75%	-4.89%	-0.86%
Average Drawdown Average peak-to-trough decline	-14.74%	-3.55%	-11.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	2.36%	+0.45%

Volatility

PDO vs. JEPQ - Volatility Comparison

Pimco Dynamic Income Opportunities Fund (PDO) has a higher volatility of 7.49% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 6.08%. This indicates that PDO'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

	PDO	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.49%	6.08%	+1.41%
Volatility (6M) Calculated over the trailing 6-month period	8.65%	10.52%	-1.87%
Volatility (1Y) Calculated over the trailing 1-year period	14.99%	18.54%	-3.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.91%	16.91%	-1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.71%	16.91%	-1.20%