QQQM vs. JEPQ
Compare and contrast key facts about Invesco NASDAQ 100 ETF (QQQM) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
QQQM and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. 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: QQQM or JEPQ.
Performance
QQQM vs. JEPQ - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with QQQM having a 23.57% return and JEPQ slightly lower at 22.51%.
QQQM
23.57%
1.81%
10.82%
29.85%
N/A
N/A
JEPQ
22.51%
2.70%
9.38%
26.60%
N/A
N/A
Key characteristics
| QQQM | JEPQ | |
|---|---|---|
| Sharpe Ratio | 1.81 | 2.19 |
| Sortino Ratio | 2.41 | 2.86 |
| Omega Ratio | 1.32 | 1.45 |
| Calmar Ratio | 2.32 | 2.52 |
| Martin Ratio | 8.43 | 10.88 |
| Ulcer Index | 3.72% | 2.48% |
| Daily Std Dev | 17.38% | 12.33% |
| Max Drawdown | -35.05% | -16.82% |
| Current Drawdown | -2.08% | -0.71% |
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QQQM vs. JEPQ - Expense Ratio Comparison
QQQM has a 0.15% expense ratio, which is lower than JEPQ's 0.35% expense ratio.
Correlation
The correlation between QQQM 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.
Risk-Adjusted Performance
QQQM vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) 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
QQQM vs. JEPQ - Dividend Comparison
QQQM's dividend yield for the trailing twelve months is around 0.65%, less than JEPQ's 9.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | 0.65% | 0.65% | 0.83% | 0.40% | 0.16% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.41% | 10.02% | 9.44% | 0.00% | 0.00% |
Drawdowns
QQQM vs. JEPQ - Drawdown Comparison
The maximum QQQM drawdown since its inception was -35.05%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for QQQM and JEPQ. For additional features, visit the drawdowns tool.
Volatility
QQQM vs. JEPQ - Volatility Comparison
Invesco NASDAQ 100 ETF (QQQM) has a higher volatility of 5.65% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.85%. This indicates that QQQM'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.