QQQY.TO vs. JEPQ

Last updated Jun 3, 2026

QQQY.TO (Evolve NASDAQ Technology Enhanced Yield Index Fund) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both Nasdaq-100 funds - QQQY.TO tracks the NASDAQ-100 Technology Sector Adjusted Market-Cap Weighted™ Index while JEPQ tracks the Nasdaq-100 Index. Both are passively managed. Over the past year, QQQY.TO returned 54.07% vs 30.81% for JEPQ. A 0.75 correlation means they provide meaningful diversification when combined. QQQY.TO charges 0.74%/yr vs 0.35%/yr for JEPQ.

Performance

QQQY.TO vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QQQY.TO is traded in CAD, while JEPQ is traded in USD. To make them comparable, the JEPQ values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QQQY.TO achieves a 20.83% return, which is significantly higher than JEPQ's 10.60% return.

QQQY.TO

• 1D: 0.77%
• 1M: 12.42%
• YTD: 20.83%
• 6M: 20.04%
• 1Y: 54.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: 0.26%
• 1M: 6.32%
• YTD: 10.60%
• 6M: 9.06%
• 1Y: 30.81%
• 3Y*: 22.20%
• 5Y*: —
• 10Y*: —

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

QQQY.TO vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund	20.83%	24.48%	28.32%	3,057.47%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.60%	9.89%	35.57%	5.86%

Correlation

The correlation between QQQY.TO and JEPQ is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (All Time) Calculated using the full available price history since Oct 5, 2023	0.75

The correlation between QQQY.TO and JEPQ has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.

QQQY.TO vs. JEPQ - Sectors Allocation Comparison

Sectors	QQQY.TO	JEPQ
Technology	79.0%	54.0%
Communication Services	19.7%	15.4%
Consumer Cyclical	1.0%	12.8%
Industrials	0.3%	3.1%
Basic Materials	-	1.0%
Consumer Defensive	-	7.1%
Energy	-	0.4%
Financial Services	-	0.4%
Healthcare	-	4.4%
Real Estate	-	0.2%
Utilities	-	1.3%

Return for Risk

QQQY.TO vs. JEPQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQY.TO

QQQY.TO Risk / Return Rank: 79
QQQY.TO Sharpe Ratio Rank: 87
QQQY.TO Sortino Ratio Rank: 80
QQQY.TO Omega Ratio Rank: 81
QQQY.TO Calmar Ratio Rank: 73
QQQY.TO Martin Ratio Rank: 75

JEPQ

JEPQ Risk / Return Rank: 77
JEPQ Sharpe Ratio Rank: 77
JEPQ Sortino Ratio Rank: 73
JEPQ Omega Ratio Rank: 82
JEPQ Calmar Ratio Rank: 68
JEPQ Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQY.TO vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) 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.

	QQQY.TO	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	2.90	2.63	+0.27
Sortino ratio Return per unit of downside risk	3.62	3.45	+0.18
Omega ratio Gain probability vs. loss probability	1.49	1.52	-0.02
Calmar ratio Return relative to maximum drawdown	3.72	4.15	-0.43
Martin ratio Return relative to average drawdown	14.64	17.16	-2.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQY.TO vs. JEPQ - Sharpe Ratio Comparison

The current QQQY.TO Sharpe Ratio is 2.90, which is comparable to the JEPQ Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of QQQY.TO and JEPQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQY.TO	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.90	2.63	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	1.25	-1.02

Drawdowns

QQQY.TO vs. JEPQ - Drawdown Comparison

The maximum QQQY.TO drawdown since its inception was -26.27%, which is greater than JEPQ's maximum drawdown of -19.88%. Use the drawdown chart below to compare losses from any high point for QQQY.TO and JEPQ.

Drawdown Indicators

	QQQY.TO	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-26.27%	-19.88%	-6.39%
Max Drawdown (1Y) Largest decline over 1 year	-14.91%	-7.50%	-7.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.88%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.03%	-3.05%	-0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.79%	1.81%	+1.98%

Volatility

QQQY.TO vs. JEPQ - Volatility Comparison

Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) has a higher volatility of 4.64% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.25%. This indicates that QQQY.TO'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.

Volatility by Period

	QQQY.TO	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	1.25%	+3.39%
Volatility (6M) Calculated over the trailing 6-month period	14.68%	9.01%	+5.67%
Volatility (1Y) Calculated over the trailing 1-year period	18.75%	11.78%	+6.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1,613.46%	15.28%	+1,598.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1,613.46%	15.28%	+1,598.18%

QQQY.TO vs. JEPQ - Expense Ratio Comparison

QQQY.TO has a 0.74% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

QQQY.TO vs. JEPQ - Dividend Comparison

QQQY.TO's dividend yield for the trailing twelve months is around 12.27%, more than JEPQ's 10.06% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.06%	10.53%	9.65%	10.03%	9.44%
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund	12.27%	13.97%	14.09%	2.73%	0.00%

Frequently Asked Questions

Can I hold both QQQY.TO and JEPQ in my portfolio?

QQQY.TO and JEPQ have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQY.TO or JEPQ?

On fees, JEPQ is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQY.TO or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.74% for QQQY.TO.

What is the main difference between QQQY.TO and JEPQ?

QQQY.TO tracks NASDAQ-100 Technology Sector Adjusted Market-Cap Weighted™ Index, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: Evolve and JPMorgan. Their fees differ too: 0.74% for QQQY.TO and 0.35% for JEPQ.