QQA vs. JEPQ
Compare and contrast key facts about Invesco QQQ Income Advantage ETF (QQA) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
QQA and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQA is an actively managed fund by Invesco. It was launched on Jul 17, 2024. 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: QQA or JEPQ.
Correlation
The correlation between QQA and JEPQ is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QQA vs. JEPQ - Performance Comparison
Key characteristics
QQA:
17.22%
JEPQ:
13.25%
QQA:
-8.41%
JEPQ:
-16.82%
QQA:
-1.51%
JEPQ:
-1.61%
Returns By Period
In the year-to-date period, QQA achieves a 3.10% return, which is significantly higher than JEPQ's 2.92% return.
QQA
3.10%
-0.33%
11.28%
N/A
N/A
N/A
JEPQ
2.92%
-0.08%
12.81%
20.33%
N/A
N/A
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QQA vs. JEPQ - Expense Ratio Comparison
QQA has a 0.29% expense ratio, which is lower than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
QQA vs. JEPQ — Risk-Adjusted Performance Rank
QQA
JEPQ
QQA vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Income Advantage ETF (QQA) 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.
Not enough dataDividends
QQA vs. JEPQ - Dividend Comparison
QQA's dividend yield for the trailing twelve months is around 5.04%, less than JEPQ's 9.64% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
QQA Invesco QQQ Income Advantage ETF | 5.04% | 4.29% | 0.00% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.64% | 9.65% | 10.02% | 9.44% |
Drawdowns
QQA vs. JEPQ - Drawdown Comparison
The maximum QQA drawdown since its inception was -8.41%, smaller than the maximum JEPQ drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for QQA and JEPQ. For additional features, visit the drawdowns tool.
Volatility
QQA vs. JEPQ - Volatility Comparison
Invesco QQQ Income Advantage ETF (QQA) has a higher volatility of 4.11% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.56%. This indicates that QQA'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.