QQQY vs. JEPQ
Compare and contrast key facts about Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
QQQY and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQY is an actively managed fund by Defiance ETFs. It was launched on Sep 13, 2023. 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: QQQY or JEPQ.
Performance
QQQY vs. JEPQ - Performance Comparison
Returns By Period
In the year-to-date period, QQQY achieves a 11.23% return, which is significantly lower than JEPQ's 22.99% return.
QQQY
11.23%
-0.70%
5.54%
16.69%
N/A
N/A
JEPQ
22.99%
2.81%
9.92%
26.76%
N/A
N/A
Key characteristics
| QQQY | JEPQ | |
|---|---|---|
| Sharpe Ratio | 1.48 | 2.20 |
| Sortino Ratio | 1.75 | 2.88 |
| Omega Ratio | 1.26 | 1.45 |
| Calmar Ratio | 1.73 | 2.53 |
| Martin Ratio | 6.15 | 10.94 |
| Ulcer Index | 2.84% | 2.48% |
| Daily Std Dev | 11.83% | 12.33% |
| Max Drawdown | -10.07% | -16.82% |
| Current Drawdown | -1.75% | -0.32% |
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QQQY vs. JEPQ - Expense Ratio Comparison
QQQY has a 0.99% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Correlation
The correlation between QQQY and JEPQ is 0.92, 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
QQQY vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) 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
QQQY vs. JEPQ - Dividend Comparison
QQQY's dividend yield for the trailing twelve months is around 86.45%, more than JEPQ's 9.38% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 86.45% | 20.64% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.38% | 10.02% | 9.44% |
Drawdowns
QQQY vs. JEPQ - Drawdown Comparison
The maximum QQQY drawdown since its inception was -10.07%, smaller than the maximum JEPQ drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for QQQY and JEPQ. For additional features, visit the drawdowns tool.
Volatility
QQQY vs. JEPQ - Volatility Comparison
Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) has a higher volatility of 4.07% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.71%. This indicates that QQQY'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.