PNNT vs. JEPQ
PNNT (PennantPark Investment Corporation) 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, PNNT returned -1.80%/yr vs 19.79%/yr for JEPQ. At a 0.37 correlation, their price movements are largely independent.
Performance
PNNT vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, PNNT achieves a -35.79% return, which is significantly lower than JEPQ's 7.85% return.
PNNT
- 1D
- 3.29%
- 1M
- -7.28%
- YTD
- -35.79%
- 6M
- -33.79%
- 1Y
- -38.27%
- 3Y*
- -1.80%
- 5Y*
- -0.88%
- 10Y*
- 5.59%
JEPQ
- 1D
- -2.48%
- 1M
- 0.34%
- YTD
- 7.85%
- 6M
- 7.02%
- 1Y
- 25.10%
- 3Y*
- 19.79%
- 5Y*
- —
- 10Y*
- —
PNNT vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PNNT PennantPark Investment Corporation | -35.79% | -2.96% | 16.56% | 37.25% | -17.05% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 7.85% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between PNNT and JEPQ is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.37 |
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Return for Risk
PNNT vs. JEPQ — Risk / Return Rank
PNNT
JEPQ
PNNT vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PennantPark Investment Corporation (PNNT) 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.
| PNNT | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.31 | ||
| Sortino ratioReturn per unit of downside risk | -4.50 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.38 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 2.86 | -3.68 |
| Martin ratioReturn relative to average drawdown | -1.77 | 13.55 | -15.32 |
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Drawdowns
PNNT vs. JEPQ - Drawdown Comparison
The maximum PNNT drawdown since its inception was -82.16%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for PNNT and JEPQ.
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Drawdown Indicators
| PNNT | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.16% | -20.07% | -62.09% |
Max Drawdown (1Y)Largest decline over 1 year | -47.09% | -8.82% | -38.27% |
Max Drawdown (3Y)Largest decline over 3 years | -47.09% | -20.07% | -27.02% |
Max Drawdown (5Y)Largest decline over 5 years | -47.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -69.14% | — | — |
Current DrawdownCurrent decline from peak | -45.35% | -2.48% | -42.87% |
Average DrawdownAverage peak-to-trough decline | -15.33% | -3.40% | -11.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.67% | 1.86% | +19.81% |
Volatility
PNNT vs. JEPQ - Volatility Comparison
PennantPark Investment Corporation (PNNT) has a higher volatility of 10.55% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 6.27%. This indicates that PNNT'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
| PNNT | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.55% | 6.27% | +4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 24.47% | 10.58% | +13.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.87% | 13.08% | +14.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.70% | 16.79% | +6.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.85% | 16.79% | +16.06% |
Dividends
PNNT vs. JEPQ - Dividend Comparison
PNNT's dividend yield for the trailing twelve months is around 27.83%, more than JEPQ's 10.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.22% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PNNT PennantPark Investment Corporation | 27.83% | 16.11% | 12.85% | 11.65% | 10.43% | 6.93% | 11.71% | 11.03% | 11.30% | 10.42% | 14.62% | 18.12% |
Frequently Asked Questions
PNNT and JEPQ have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PNNT has higher volatility (10.55%) compared to JEPQ (6.27%). In terms of maximum drawdown, PNNT dropped -82.16% vs JEPQ's -20.07%.
JEPQ currently has the higher Sharpe Ratio (1.93 vs -1.38), 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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