QQQS vs. JEPI

Last updated Aug 4, 2026

QQQS (Invesco NASDAQ Future Gen 200 ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - QQQS is a Small Cap Blend Equities fund tracking the Nasdaq Innovators Completion Cap Total Return Index, while JEPI is a Dividend fund actively managed by JPMorgan. QQQS is passively managed, while JEPI is actively managed. Over the past 3 years, QQQS returned 16.74%/yr vs 9.69%/yr for JEPI. Their 0.59 correlation means they have sometimes moved together and sometimes differently. QQQS charges 0.20%/yr vs 0.35%/yr for JEPI.

Performance

QQQS vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ Future Gen 200 ETF (QQQS) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQS achieves a 25.90% return, which is significantly higher than JEPI's 5.04% return.

QQQS

• 1D: 2.75%
• 1M: -2.92%
• 6M: 20.13%
• YTD: 25.90%
• 1Y: 63.29%
• 3Y*: 16.74%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.81%

JEPI

• 1D: 0.50%
• 1M: 1.78%
• 6M: 2.32%
• YTD: 5.04%
• 1Y: 11.72%
• 3Y*: 9.69%
• 5Y*: 7.50%
• 10Y*: —
• ALL TIME*: 11.36%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JEPI JPMorgan Equity Premium Income ETF	$264.83M	$261.34M	$294.89M
QQQS Invesco NASDAQ Future Gen 200 ETF	$265.41K	$341.43K	$375.31K

QQQS vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QQQS Invesco NASDAQ Future Gen 200 ETF	25.90%	23.03%	10.20%	-1.94%	11.47%
JEPI JPMorgan Equity Premium Income ETF	5.04%	8.09%	12.57%	9.83%	10.63%

Correlation

The correlation between QQQS and JEPI is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.52
Correlation (3Y) Balances recent behavior with more history.	0.59
Correlation (All Time) Calculated using the full available price history since Oct 13, 2022	0.59

The correlation between QQQS and JEPI has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.

QQQS vs. JEPI - Sectors Allocation Comparison

Sectors	QQQS	JEPI
Healthcare	57.1%	12.9%
Technology	26.0%	15.4%
Industrials	6.0%	11.2%
Consumer Cyclical	5.7%	9.8%
Communication Services	2.9%	6.1%
Consumer Defensive	1.4%	7.7%
Basic Materials	0.5%	1.6%
Energy	0.4%	2.6%
Financial Services	0.1%	8.9%
Real Estate	-	2.6%
Utilities	-	4.9%

Return for Risk

QQQS vs. JEPI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QQQS

QQQS Risk / Return Rank: 88
QQQS Sharpe Ratio Rank: 90
QQQS Sortino Ratio Rank: 87
QQQS Omega Ratio Rank: 82
QQQS Calmar Ratio Rank: 93
QQQS Martin Ratio Rank: 90

JEPI

JEPI Risk / Return Rank: 56
JEPI Sharpe Ratio Rank: 61
JEPI Sortino Ratio Rank: 63
JEPI Omega Ratio Rank: 62
JEPI Calmar Ratio Rank: 48
JEPI Martin Ratio Rank: 44

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQQS vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Future Gen 200 ETF (QQQS) and JPMorgan Equity Premium Income ETF (JEPI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QQQS	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	2.33	1.46	+0.87
Sortino ratio: Return per unit of downside risk	3.03	2.14	+0.89
Omega ratio: Gain probability vs. loss probability	1.36	1.27	+0.09
Calmar ratio: Return relative to maximum drawdown	4.67	1.76	+2.91
Martin ratio: Return relative to average drawdown	14.63	4.99	+9.64

QQQS vs. JEPI - Sharpe Ratio Comparison

The current QQQS Sharpe Ratio is 2.33, which is higher than the JEPI Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of QQQS and JEPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQS vs. JEPI - Drawdown Comparison

The maximum QQQS drawdown since its inception was -38.06%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for QQQS and JEPI.

Drawdown Indicators

	QQQS	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-38.06%	-13.71%	-24.35%
Max Drawdown (1Y) Largest decline over 1 year	-13.63%	-6.68%	-6.95%
Max Drawdown (3Y) Largest decline over 3 years	-34.32%	-13.26%	-21.06%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.71%	—
Current Drawdown Current decline from peak	-3.79%	-0.18%	-3.61%
Average Drawdown Average peak-to-trough decline	-12.86%	-2.13%	-10.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.34%	2.35%	+1.99%

Volatility

QQQS vs. JEPI - Volatility Comparison

Invesco NASDAQ Future Gen 200 ETF (QQQS) has a higher volatility of 6.79% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.21%. This indicates that QQQS's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQS	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.79%	2.21%	+4.58%
Volatility (6M) Calculated over the trailing 6-month period	20.39%	6.39%	+14.00%
Volatility (1Y) Calculated over the trailing 1-year period	27.38%	8.10%	+19.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.43%	11.11%	+17.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.43%	10.73%	+17.70%

QQQS vs. JEPI - Expense Ratio Comparison

QQQS has a 0.20% expense ratio, which is lower than JEPI's 0.35% expense ratio.

Dividends

QQQS vs. JEPI - Dividend Comparison

QQQS's dividend yield for the trailing twelve months is around 2.62%, less than JEPI's 7.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JEPI JPMorgan Equity Premium Income ETF	7.99%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%
QQQS Invesco NASDAQ Future Gen 200 ETF	2.62%	3.48%	0.80%	0.68%	0.04%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQS and JEPI in my portfolio?

QQQS and JEPI have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQS or JEPI?

QQQS has higher volatility (6.79%) compared to JEPI (2.21%). In terms of maximum drawdown, QQQS dropped -38.06% vs JEPI's -13.71%.

Which ETF is better, QQQS or JEPI?

On 3-year performance, QQQS leads with 16.74% vs 9.69% for JEPI. On fees, QQQS is cheaper at 0.20% per year. On volatility, JEPI has been the lower-risk option at 2.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQS or JEPI?

Over the 3-year period, QQQS has performed better with a 16.74% return vs 9.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQS or JEPI?

QQQS is cheaper with a 0.20% expense ratio, compared with 0.35% for JEPI.

Which ETF pays a higher dividend yield, QQQS or JEPI?

JEPI has the higher dividend yield at 7.99%, compared with 2.62% for QQQS.

What is the main difference between QQQS and JEPI?

QQQS is categorized as Small Cap Blend Equities, while JEPI is Dividend. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.20% for QQQS and 0.35% for JEPI.

Which has better risk-adjusted returns?

QQQS currently has the higher Sharpe Ratio (2.33 vs 1.46), 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.