PSR vs. JEPQ

Last updated Jun 24, 2026

PSR (Invesco Active U.S. Real Estate Fund) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - PSR is a REIT fund actively managed by Invesco, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. PSR is actively managed, while JEPQ is passively managed. Over the past 3 years, PSR returned 11.12%/yr vs 19.79%/yr for JEPQ. At a 0.40 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.

Performance

PSR vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Active U.S. Real Estate Fund (PSR) 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, PSR achieves a 16.36% return, which is significantly higher than JEPQ's 7.85% return.

PSR

• 1D: 1.41%
• 1M: 1.61%
• YTD: 16.36%
• 6M: 16.93%
• 1Y: 14.68%
• 3Y*: 11.12%
• 5Y*: 2.80%
• 10Y*: 5.88%

JEPQ

• 1D: -2.48%
• 1M: 0.34%
• YTD: 7.85%
• 6M: 7.02%
• 1Y: 25.10%
• 3Y*: 19.79%
• 5Y*: —
• 10Y*: —

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

PSR vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PSR Invesco Active U.S. Real Estate Fund	16.36%	2.63%	1.79%	8.34%	-16.72%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.85%	15.18%	24.85%	36.28%	-11.16%

Correlation

The correlation between PSR and JEPQ is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.40

Over the past year, the correlation between PSR and JEPQ has dropped to 0.10 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

Return for Risk

PSR vs. JEPQ — Risk / Return Rank

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

PSR

PSR Risk / Return Rank: 33
PSR Sharpe Ratio Rank: 31
PSR Sortino Ratio Rank: 29
PSR Omega Ratio Rank: 30
PSR Calmar Ratio Rank: 38
PSR Martin Ratio Rank: 37

JEPQ

JEPQ Risk / Return Rank: 63
JEPQ Sharpe Ratio Rank: 60
JEPQ Sortino Ratio Rank: 55
JEPQ Omega Ratio Rank: 66
JEPQ Calmar Ratio Rank: 60
JEPQ Martin Ratio Rank: 74

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.

PSR vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Active U.S. Real Estate Fund (PSR) 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.

	PSR	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.07	1.93	-0.86
Sortino ratio: Return per unit of downside risk	1.50	2.57	-1.06
Omega ratio: Gain probability vs. loss probability	1.19	1.38	-0.19
Calmar ratio: Return relative to maximum drawdown	1.77	2.86	-1.09
Martin ratio: Return relative to average drawdown	5.53	13.55	-8.03

PSR vs. JEPQ - Sharpe Ratio Comparison

The current PSR Sharpe Ratio is 1.07, which is lower than the JEPQ Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of PSR 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

PSR vs. JEPQ - Drawdown Comparison

The maximum PSR drawdown since its inception was -42.31%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for PSR and JEPQ.

Drawdown Indicators

	PSR	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-42.31%	-20.07%	-22.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.33%	-8.82%	+0.49%
Max Drawdown (3Y) Largest decline over 3 years	-16.58%	-20.07%	+3.49%
Max Drawdown (5Y) Largest decline over 5 years	-34.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.31%	—	—
Current Drawdown Current decline from peak	-1.92%	-2.48%	+0.56%
Average Drawdown Average peak-to-trough decline	-9.31%	-3.40%	-5.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	1.86%	+0.80%

Volatility

PSR vs. JEPQ - Volatility Comparison

The current volatility for Invesco Active U.S. Real Estate Fund (PSR) is 5.32%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.27%. This indicates that PSR experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSR	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	6.27%	-0.95%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	10.58%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	13.80%	13.08%	+0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.58%	16.79%	+1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.36%	16.79%	+3.57%

PSR vs. JEPQ - Expense Ratio Comparison

Both PSR and JEPQ have an expense ratio of 0.35%.

Dividends

PSR vs. JEPQ - Dividend Comparison

PSR's dividend yield for the trailing twelve months is around 2.54%, less 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%
PSR Invesco Active U.S. Real Estate Fund	2.54%	2.56%	3.06%	2.93%	2.95%	2.12%	3.09%	2.55%	2.64%	0.14%	3.60%	3.20%

Frequently Asked Questions

Can I hold both PSR and JEPQ in my portfolio?

PSR and JEPQ have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSR or JEPQ?

JEPQ has higher volatility (6.27%) compared to PSR (5.32%). In terms of maximum drawdown, PSR dropped -42.31% vs JEPQ's -20.07%.

Which ETF is better, PSR or JEPQ?

On 3-year performance, JEPQ leads with 19.79% vs 11.12% for PSR. Both ETFs have the same 0.35% expense ratio. On volatility, PSR has been the lower-risk option at 5.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSR or JEPQ?

Over the 3-year period, JEPQ has performed better with a 19.79% return vs 11.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSR or JEPQ?

PSR and JEPQ have the same expense ratio: 0.35% per year.

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

JEPQ has the higher dividend yield at 10.22%, compared with 2.54% for PSR.

What is the main difference between PSR and JEPQ?

PSR is categorized as REIT, while JEPQ is Nasdaq-100. They also come from different issuers: Invesco and JPMorgan.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (1.93 vs 1.07), 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.