PFLT vs. JEPQ
PFLT (PennantPark Floating Rate Capital Ltd.) is a stock, while JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) is Nasdaq-100 fund tracking the Nasdaq-100 Index. Over the past 3 years, PFLT returned -0.55%/yr vs 19.68%/yr for JEPQ. At a 0.37 correlation, their price movements are largely independent.
Performance
PFLT vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, PFLT achieves a -16.96% return, which is significantly lower than JEPQ's 7.54% return.
PFLT
- 1D
- -3.10%
- 1M
- -10.53%
- YTD
- -16.96%
- 6M
- -14.85%
- 1Y
- -19.52%
- 3Y*
- -0.55%
- 5Y*
- -0.35%
- 10Y*
- 4.83%
JEPQ
- 1D
- -0.28%
- 1M
- 0.06%
- YTD
- 7.54%
- 6M
- 6.46%
- 1Y
- 23.49%
- 3Y*
- 19.68%
- 5Y*
- —
- 10Y*
- —
PFLT vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PFLT PennantPark Floating Rate Capital Ltd. | -16.96% | -4.17% | 0.62% | 23.05% | -11.56% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 7.54% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between PFLT and JEPQ is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.37 |
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Return for Risk
PFLT vs. JEPQ — Risk / Return Rank
PFLT
JEPQ
PFLT vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PennantPark Floating Rate Capital Ltd. (PFLT) 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.
| PFLT | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.73 | ||
| Sortino ratioReturn per unit of downside risk | -3.63 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.36 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 2.68 | -3.46 |
| Martin ratioReturn relative to average drawdown | -1.60 | 12.63 | -14.23 |
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Drawdowns
PFLT vs. JEPQ - Drawdown Comparison
The maximum PFLT drawdown since its inception was -69.77%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for PFLT and JEPQ.
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Drawdown Indicators
| PFLT | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.77% | -20.07% | -49.70% |
Max Drawdown (1Y)Largest decline over 1 year | -24.92% | -8.82% | -16.10% |
Max Drawdown (3Y)Largest decline over 3 years | -25.94% | -20.07% | -5.87% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -69.77% | — | — |
Current DrawdownCurrent decline from peak | -25.94% | -2.75% | -23.19% |
Average DrawdownAverage peak-to-trough decline | -8.35% | -3.39% | -4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.21% | 1.86% | +10.35% |
Volatility
PFLT vs. JEPQ - Volatility Comparison
PennantPark Floating Rate Capital Ltd. (PFLT) has a higher volatility of 9.19% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 6.27%. This indicates that PFLT'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.
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Volatility by Period
| PFLT | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.19% | 6.27% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 17.75% | 10.52% | +7.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.24% | 13.06% | +8.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.38% | 16.78% | +4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.03% | 16.78% | +12.25% |
Dividends
PFLT vs. JEPQ - Dividend Comparison
PFLT's dividend yield for the trailing twelve months is around 16.86%, more than JEPQ's 10.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.25% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFLT PennantPark Floating Rate Capital Ltd. | 16.86% | 13.27% | 11.25% | 9.98% | 10.38% | 8.93% | 10.83% | 9.24% | 9.59% | 8.31% | 8.08% | 10.04% |
Frequently Asked Questions
PFLT and JEPQ have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFLT has higher volatility (9.19%) compared to JEPQ (6.27%). In terms of maximum drawdown, PFLT dropped -69.77% vs JEPQ's -20.07%.
JEPQ currently has the higher Sharpe Ratio (1.81 vs -0.92), 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.
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