PNNT vs. JEPQ
Compare and contrast key facts about PennantPark Investment Corporation (PNNT) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
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: PNNT or JEPQ.
Key characteristics
| PNNT | JEPQ | |
|---|---|---|
| YTD Return | 12.61% | 23.39% |
| 1Y Return | 18.62% | 28.15% |
| Sharpe Ratio | 1.14 | 2.38 |
| Sortino Ratio | 1.60 | 3.11 |
| Omega Ratio | 1.22 | 1.49 |
| Calmar Ratio | 1.28 | 2.71 |
| Martin Ratio | 3.38 | 11.74 |
| Ulcer Index | 5.77% | 2.48% |
| Daily Std Dev | 17.11% | 12.20% |
| Max Drawdown | -82.16% | -16.82% |
| Current Drawdown | -7.24% | 0.00% |
Correlation
The correlation between PNNT and JEPQ is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PNNT vs. JEPQ - Performance Comparison
In the year-to-date period, PNNT achieves a 12.61% return, which is significantly lower than JEPQ's 23.39% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PNNT vs. JEPQ - Risk-Adjusted Performance 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.
Dividends
PNNT vs. JEPQ - Dividend Comparison
PNNT's dividend yield for the trailing twelve months is around 12.71%, more than JEPQ's 9.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNNT PennantPark Investment Corporation | 12.71% | 11.65% | 10.43% | 6.93% | 11.71% | 11.03% | 11.30% | 10.42% | 14.62% | 18.12% | 11.75% | 9.66% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.35% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 -16.82%. Use the drawdown chart below to compare losses from any high point for PNNT and JEPQ. For additional features, visit the drawdowns tool.
Volatility
PNNT vs. JEPQ - Volatility Comparison
PennantPark Investment Corporation (PNNT) has a higher volatility of 5.95% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.33%. 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.