QQQU vs. JEPQ
Compare and contrast key facts about Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
QQQU and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQU is a passively managed fund by Direxion that tracks the performance of the The Indxx Magnificent 7 Index (200%). It was launched on Mar 6, 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: QQQU or JEPQ.
Correlation
The correlation between QQQU and JEPQ is 0.83, 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
QQQU vs. JEPQ - Performance Comparison
Key characteristics
QQQU:
0.43
JEPQ:
0.51
QQQU:
1.02
JEPQ:
0.84
QQQU:
1.13
JEPQ:
1.13
QQQU:
0.51
JEPQ:
0.51
QQQU:
1.29
JEPQ:
1.86
QQQU:
21.31%
JEPQ:
5.51%
QQQU:
64.21%
JEPQ:
20.26%
QQQU:
-53.70%
JEPQ:
-20.07%
QQQU:
-39.49%
JEPQ:
-9.59%
Returns By Period
In the year-to-date period, QQQU achieves a -31.04% return, which is significantly lower than JEPQ's -5.44% return.
QQQU
-31.04%
24.41%
-12.88%
18.56%
N/A
N/A
JEPQ
-5.44%
11.36%
-1.28%
7.46%
N/A
N/A
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QQQU vs. JEPQ - Expense Ratio Comparison
QQQU has a 1.07% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
QQQU vs. JEPQ — Risk-Adjusted Performance Rank
QQQU
JEPQ
QQQU vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) 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
QQQU vs. JEPQ - Dividend Comparison
QQQU's dividend yield for the trailing twelve months is around 4.14%, less than JEPQ's 11.57% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
QQQU Direxion Daily Magnificent 7 Bull 2X Shares | 4.14% | 2.75% | 0.00% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 11.57% | 9.65% | 10.02% | 9.44% |
Drawdowns
QQQU vs. JEPQ - Drawdown Comparison
The maximum QQQU drawdown since its inception was -53.70%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for QQQU and JEPQ. For additional features, visit the drawdowns tool.
Volatility
QQQU vs. JEPQ - Volatility Comparison
Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) has a higher volatility of 32.24% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 12.07%. This indicates that QQQU'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.