QQQA vs. JEPQ
Compare and contrast key facts about ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
QQQA and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQA is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross. It was launched on May 18, 2021. 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: QQQA or JEPQ.
Correlation
The correlation between QQQA and JEPQ is 0.88, 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
QQQA vs. JEPQ - Performance Comparison
Key characteristics
QQQA:
-0.15
JEPQ:
0.57
QQQA:
-0.03
JEPQ:
0.81
QQQA:
1.00
JEPQ:
1.12
QQQA:
-0.18
JEPQ:
0.74
QQQA:
-0.47
JEPQ:
2.56
QQQA:
8.71%
JEPQ:
3.24%
QQQA:
26.82%
JEPQ:
14.68%
QQQA:
-38.44%
JEPQ:
-16.82%
QQQA:
-21.47%
JEPQ:
-10.10%
Returns By Period
In the year-to-date period, QQQA achieves a -9.18% return, which is significantly lower than JEPQ's -5.96% return.
QQQA
-9.18%
-21.47%
-0.35%
-3.28%
N/A
N/A
JEPQ
-5.96%
-9.73%
2.40%
8.47%
N/A
N/A
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QQQA vs. JEPQ - Expense Ratio Comparison
QQQA has a 0.58% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
QQQA vs. JEPQ — Risk-Adjusted Performance Rank
QQQA
JEPQ
QQQA vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) 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
QQQA vs. JEPQ - Dividend Comparison
QQQA's dividend yield for the trailing twelve months is around 0.10%, less than JEPQ's 10.84% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 0.10% | 0.09% | 0.34% | 0.28% | 0.10% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.84% | 9.66% | 10.02% | 9.44% | 0.00% |
Drawdowns
QQQA vs. JEPQ - Drawdown Comparison
The maximum QQQA drawdown since its inception was -38.44%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for QQQA and JEPQ. For additional features, visit the drawdowns tool.
Volatility
QQQA vs. JEPQ - Volatility Comparison
ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) has a higher volatility of 11.53% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 6.89%. This indicates that QQQA'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.