QQQ vs. JEPQ
Compare and contrast key facts about Invesco QQQ (QQQ) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
QQQ and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. 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: QQQ or JEPQ.
Correlation
The correlation between QQQ and JEPQ is 0.97, 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
QQQ vs. JEPQ - Performance Comparison
Key characteristics
QQQ:
1.58
JEPQ:
1.99
QQQ:
2.13
JEPQ:
2.61
QQQ:
1.28
JEPQ:
1.39
QQQ:
2.13
JEPQ:
2.41
QQQ:
7.44
JEPQ:
10.20
QQQ:
3.88%
JEPQ:
2.53%
QQQ:
18.24%
JEPQ:
12.97%
QQQ:
-82.98%
JEPQ:
-16.82%
QQQ:
-2.90%
JEPQ:
-0.72%
Returns By Period
In the year-to-date period, QQQ achieves a 2.06% return, which is significantly higher than JEPQ's 1.58% return.
QQQ
2.06%
0.76%
8.50%
24.61%
19.28%
18.47%
JEPQ
1.58%
0.93%
10.09%
23.26%
N/A
N/A
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QQQ vs. JEPQ - Expense Ratio Comparison
QQQ has a 0.20% expense ratio, which is lower than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
QQQ vs. JEPQ — Risk-Adjusted Performance Rank
QQQ
JEPQ
QQQ vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ (QQQ) 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
QQQ vs. JEPQ - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.55%, less than JEPQ's 9.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ | 0.55% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.51% | 9.66% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QQQ vs. JEPQ - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.98%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for QQQ and JEPQ. For additional features, visit the drawdowns tool.
Volatility
QQQ vs. JEPQ - Volatility Comparison
Invesco QQQ (QQQ) has a higher volatility of 6.45% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 4.62%. This indicates that QQQ'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.