PHD vs. JEPQ

Last updated Apr 2, 2026

Compare and contrast key facts about Pioneer Floating Rate Fund, Inc. (PHD) 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

PHD vs. JEPQ - Performance Comparison

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

PHD vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PHD Pioneer Floating Rate Fund, Inc.	-0.00%	-95.64%	16.93%	18.20%	-4.69%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	-1.88%	15.18%	24.85%	36.28%	-12.89%

Returns By Period

PHD

• 1D: -95.98%
• 1M: -0.00%
• YTD: -0.00%
• 6M: -95.98%
• 1Y: -95.63%
• 3Y*: -60.93%
• 5Y*: -44.34%
• 10Y*: -22.68%

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

PHD vs. JEPQ — Risk / Return Rank

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

PHD

PHD Risk / Return Rank: 48
PHD Sharpe Ratio Rank: 39
PHD Sortino Ratio Rank: 100
PHD Omega Ratio Rank: 100
PHD Calmar Ratio Rank: 1
PHD Martin Ratio Rank: 0

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.

PHD vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Floating Rate Fund, Inc. (PHD) 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.

	PHD	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	-0.02	1.09	-1.11
Sortino ratio Return per unit of downside risk	58.51	1.66	+56.85
Omega ratio Gain probability vs. loss probability	20.03	1.27	+18.76
Calmar ratio Return relative to maximum drawdown	-1.00	1.82	-2.81
Martin ratio Return relative to average drawdown	-5.25	8.93	-14.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PHD vs. JEPQ - Sharpe Ratio Comparison

The current PHD Sharpe Ratio is -0.02, which is lower than the JEPQ Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of PHD 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

	PHD	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.02	1.09	-1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.84	-0.85

Correlation

The correlation between PHD and JEPQ is 0.34, 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

PHD vs. JEPQ - Dividend Comparison

PHD's dividend yield for the trailing twelve months is around 75.00%, more than JEPQ's 11.14% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PHD Pioneer Floating Rate Fund, Inc.	75.00%	131.25%	10.36%	11.91%	9.75%	6.24%	6.67%	7.29%	6.71%	6.28%	6.13%	6.50%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	11.14%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PHD vs. JEPQ - Drawdown Comparison

The maximum PHD drawdown since its inception was -96.00%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for PHD and JEPQ.

Drawdown Indicators

	PHD	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-96.00%	-20.07%	-75.93%
Max Drawdown (1Y) Largest decline over 1 year	-96.00%	-11.58%	-84.42%
Max Drawdown (5Y) Largest decline over 5 years	-96.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-96.00%	—	—
Current Drawdown Current decline from peak	-96.00%	-4.89%	-91.11%
Average Drawdown Average peak-to-trough decline	-9.40%	-3.55%	-5.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.23%	2.36%	+15.87%

Volatility

PHD vs. JEPQ - Volatility Comparison

Pioneer Floating Rate Fund, Inc. (PHD) has a higher volatility of 732.87% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 6.08%. This indicates that PHD'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

	PHD	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	732.87%	6.08%	+726.79%
Volatility (6M) Calculated over the trailing 6-month period	1,069.80%	10.52%	+1,059.28%
Volatility (1Y) Calculated over the trailing 1-year period	6,383.04%	18.54%	+6,364.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2,469.98%	16.91%	+2,453.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1,717.89%	16.91%	+1,700.98%