PSIL vs. JEPQ

Last updated Jun 16, 2026

PSIL (AdvisorShares Psychedelics ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - PSIL is a Health & Biotech Equities fund actively managed by AdvisorShares, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. PSIL is actively managed, while JEPQ is passively managed. Over the past 3 years, PSIL returned 6.03%/yr vs 20.72%/yr for JEPQ. At a 0.36 correlation, their price movements are largely independent. PSIL charges 1.00%/yr vs 0.35%/yr for JEPQ.

Performance

PSIL vs. JEPQ - Performance Comparison

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

Returns By Period

In the year-to-date period, PSIL achieves a 12.35% return, which is significantly higher than JEPQ's 10.23% return.

PSIL

• 1D: -4.32%
• 1M: -3.41%
• YTD: 12.35%
• 6M: 10.46%
• 1Y: 52.66%
• 3Y*: 6.03%
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: 2.21%
• 1M: 3.31%
• YTD: 10.23%
• 6M: 11.56%
• 1Y: 29.39%
• 3Y*: 20.72%
• 5Y*: —
• 10Y*: —

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

PSIL vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PSIL AdvisorShares Psychedelics ETF	12.35%	74.55%	-19.50%	-25.12%	-39.01%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.23%	15.18%	24.85%	36.28%	-11.16%

Correlation

The correlation between PSIL and JEPQ is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.36

PSIL vs. JEPQ - Sectors Allocation Comparison

Sectors	PSIL	JEPQ
Healthcare	100.0%	3.9%
Basic Materials	-	0.9%
Communication Services	-	13.9%
Consumer Cyclical	-	11.8%
Consumer Defensive	-	6.0%
Energy	-	0.3%
Financial Services	-	0.3%
Industrials	-	2.8%
Real Estate	-	0.2%
Technology	-	58.9%
Utilities	-	1.1%

Return for Risk

PSIL vs. JEPQ — Risk / Return Rank

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

PSIL

PSIL Risk / Return Rank: 39
PSIL Sharpe Ratio Rank: 35
PSIL Sortino Ratio Rank: 35
PSIL Omega Ratio Rank: 34
PSIL Calmar Ratio Rank: 54
PSIL Martin Ratio Rank: 36

JEPQ

JEPQ Risk / Return Rank: 81
JEPQ Sharpe Ratio Rank: 81
JEPQ Sortino Ratio Rank: 77
JEPQ Omega Ratio Rank: 85
JEPQ Calmar Ratio Rank: 73
JEPQ Martin Ratio Rank: 86

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.

PSIL vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Psychedelics ETF (PSIL) 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.

	PSIL	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.25	2.31	-1.07
Sortino ratio: Return per unit of downside risk	1.80	3.06	-1.26
Omega ratio: Gain probability vs. loss probability	1.23	1.46	-0.23
Calmar ratio: Return relative to maximum drawdown	2.60	3.35	-0.75
Martin ratio: Return relative to average drawdown	5.38	15.94	-10.55

PSIL vs. JEPQ - Sharpe Ratio Comparison

The current PSIL Sharpe Ratio is 1.25, which is lower than the JEPQ Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of PSIL and JEPQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PSIL vs. JEPQ - Drawdown Comparison

The maximum PSIL drawdown since its inception was -92.72%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for PSIL and JEPQ.

Drawdown Indicators

	PSIL	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-92.72%	-20.07%	-72.65%
Max Drawdown (1Y) Largest decline over 1 year	-20.38%	-8.82%	-11.56%
Max Drawdown (3Y) Largest decline over 3 years	-64.62%	-20.07%	-44.55%
Current Drawdown Current decline from peak	-78.15%	0.00%	-78.15%
Average Drawdown Average peak-to-trough decline	-76.71%	-3.41%	-73.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.81%	1.85%	+7.96%

Volatility

PSIL vs. JEPQ - Volatility Comparison

AdvisorShares Psychedelics ETF (PSIL) has a higher volatility of 12.21% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 5.42%. This indicates that PSIL'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

	PSIL	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.21%	5.42%	+6.79%
Volatility (6M) Calculated over the trailing 6-month period	28.74%	10.44%	+18.30%
Volatility (1Y) Calculated over the trailing 1-year period	42.53%	12.78%	+29.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.03%	16.76%	+46.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.03%	16.76%	+46.27%

PSIL vs. JEPQ - Expense Ratio Comparison

PSIL has a 1.00% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

PSIL vs. JEPQ - Dividend Comparison

PSIL's dividend yield for the trailing twelve months is around 8.90%, less than JEPQ's 10.00% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.00%	10.53%	9.65%	10.03%	9.44%
PSIL AdvisorShares Psychedelics ETF	8.90%	10.95%	1.49%	0.24%	2.91%

Frequently Asked Questions

Can I hold both PSIL and JEPQ in my portfolio?

PSIL and JEPQ have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSIL or JEPQ?

PSIL has higher volatility (12.21%) compared to JEPQ (5.42%). In terms of maximum drawdown, PSIL dropped -92.72% vs JEPQ's -20.07%.

Which ETF is better, PSIL or JEPQ?

On 3-year performance, JEPQ leads with 20.72% vs 6.03% for PSIL. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JEPQ has been the lower-risk option at 5.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSIL or JEPQ?

Over the 3-year period, JEPQ has performed better with a 20.72% return vs 6.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSIL or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 1.00% for PSIL.

Which ETF pays a higher dividend yield, PSIL or JEPQ?

JEPQ has the higher dividend yield at 10.00%, compared with 8.90% for PSIL.

What is the main difference between PSIL and JEPQ?

PSIL is categorized as Health & Biotech Equities, while JEPQ is Nasdaq-100. They also come from different issuers: AdvisorShares and JPMorgan. Their fees differ too: 1.00% for PSIL and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.31 vs 1.25), 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.