QFLR vs. JEPQ

Last updated Jun 3, 2026

QFLR (Innovator Nasdaq-100 Managed Floor ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both Nasdaq-100 funds. QFLR is actively managed, while JEPQ is passively managed. Over the past year, QFLR returned 27.80% vs 29.60% for JEPQ. Their correlation of 0.92 suggests significant overlap in exposure. QFLR charges 0.89%/yr vs 0.35%/yr for JEPQ.

Performance

QFLR vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Nasdaq-100 Managed Floor ETF (QFLR) 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, QFLR achieves a 6.88% return, which is significantly lower than JEPQ's 9.65% return.

QFLR

• 1D: 0.10%
• 1M: 3.47%
• YTD: 6.88%
• 6M: 6.14%
• 1Y: 27.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: 0.26%
• 1M: 4.36%
• YTD: 9.65%
• 6M: 10.05%
• 1Y: 29.60%
• 3Y*: 20.96%
• 5Y*: —
• 10Y*: —

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

QFLR vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QFLR Innovator Nasdaq-100 Managed Floor ETF	6.88%	17.27%	16.64%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.65%	15.18%	20.34%

Correlation

The correlation between QFLR and JEPQ is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024	0.92

The correlation between QFLR and JEPQ has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

QFLR vs. JEPQ - Sectors Allocation Comparison

Sectors	QFLR	JEPQ
Technology	50.8%	54.0%
Communication Services	18.4%	15.4%
Consumer Cyclical	12.1%	12.8%
Consumer Defensive	9.2%	7.1%
Healthcare	3.2%	4.4%
Industrials	2.8%	3.1%
Utilities	1.5%	1.3%
Energy	1.1%	0.4%
Financial Services	0.9%	0.4%
Basic Materials	0.0%	1.0%
Real Estate	-	0.2%

Return for Risk

QFLR vs. JEPQ — Risk / Return Rank

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

QFLR

QFLR Risk / Return Rank: 75
QFLR Sharpe Ratio Rank: 75
QFLR Sortino Ratio Rank: 73
QFLR Omega Ratio Rank: 75
QFLR Calmar Ratio Rank: 73
QFLR Martin Ratio Rank: 80

JEPQ

JEPQ Risk / Return Rank: 77
JEPQ Sharpe Ratio Rank: 77
JEPQ Sortino Ratio Rank: 73
JEPQ Omega Ratio Rank: 82
JEPQ Calmar Ratio Rank: 68
JEPQ Martin Ratio Rank: 83

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.

QFLR vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Managed Floor ETF (QFLR) 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.

	QFLR	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	2.48	2.54	-0.06
Sortino ratio Return per unit of downside risk	3.35	3.35	0.00
Omega ratio Gain probability vs. loss probability	1.46	1.50	-0.05
Calmar ratio Return relative to maximum drawdown	3.73	3.42	+0.31
Martin ratio Return relative to average drawdown	15.97	16.82	-0.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QFLR vs. JEPQ - Sharpe Ratio Comparison

The current QFLR Sharpe Ratio is 2.48, which is comparable to the JEPQ Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of QFLR 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.

Sharpe Ratios by Period

	QFLR	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.54	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	1.40	1.01	+0.39

Drawdowns

QFLR vs. JEPQ - Drawdown Comparison

The maximum QFLR drawdown since its inception was -13.97%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for QFLR and JEPQ.

Drawdown Indicators

	QFLR	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-13.97%	-20.07%	+6.10%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	-8.82%	+1.21%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.07%	—
Current Drawdown Current decline from peak	-0.49%	0.00%	-0.49%
Average Drawdown Average peak-to-trough decline	-2.50%	-3.42%	+0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	1.79%	-0.01%

Volatility

QFLR vs. JEPQ - Volatility Comparison

Innovator Nasdaq-100 Managed Floor ETF (QFLR) has a higher volatility of 2.62% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.25%. This indicates that QFLR'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

	QFLR	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	1.25%	+1.37%
Volatility (6M) Calculated over the trailing 6-month period	8.05%	9.07%	-1.02%
Volatility (1Y) Calculated over the trailing 1-year period	11.29%	11.73%	-0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.63%	16.62%	-3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.63%	16.62%	-3.99%

QFLR vs. JEPQ - Expense Ratio Comparison

QFLR has a 0.89% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

QFLR vs. JEPQ - Dividend Comparison

QFLR has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 10.06%.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.06%	10.53%	9.65%	10.03%	9.44%
QFLR Innovator Nasdaq-100 Managed Floor ETF	0.00%	0.02%	0.03%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QFLR and JEPQ in my portfolio?

With a correlation of 0.91, QFLR and JEPQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QFLR or JEPQ?

QFLR has higher volatility (2.62%) compared to JEPQ (1.25%). In terms of maximum drawdown, QFLR dropped -13.97% vs JEPQ's -20.07%.

Which ETF is better, QFLR or JEPQ?

On 1-year performance, JEPQ leads with 29.60% vs 27.80% for QFLR. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JEPQ has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QFLR or JEPQ?

Over the 1-year period, JEPQ has performed better with a 29.60% return vs 27.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QFLR or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.89% for QFLR.

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

JEPQ has the higher dividend yield at 10.06%, compared with 0.00% for QFLR.

What is the main difference between QFLR and JEPQ?

They also come from different issuers: Innovator and JPMorgan. Their fees differ too: 0.89% for QFLR and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.54 vs 2.48), 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.