QRMI vs. JEPI
Compare and contrast key facts about Global X NASDAQ 100 Risk Managed Income ETF (QRMI) and JPMorgan Equity Premium Income ETF (JEPI).
QRMI and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QRMI is an actively managed fund by Global X. It was launched on Aug 25, 2021. JEPI is an actively managed fund by JPMorgan Chase. It was launched on May 20, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QRMI or JEPI.
Key characteristics
| QRMI | JEPI | |
|---|---|---|
| YTD Return | 11.48% | 15.79% |
| 1Y Return | 14.67% | 20.11% |
| 3Y Return (Ann) | -0.08% | 8.29% |
| Sharpe Ratio | 2.26 | 2.87 |
| Sortino Ratio | 3.36 | 4.00 |
| Omega Ratio | 1.48 | 1.58 |
| Calmar Ratio | 1.07 | 5.20 |
| Martin Ratio | 12.36 | 20.34 |
| Ulcer Index | 1.20% | 0.99% |
| Daily Std Dev | 6.57% | 7.00% |
| Max Drawdown | -20.94% | -13.71% |
| Current Drawdown | -1.03% | -0.18% |
Correlation
The correlation between QRMI and JEPI is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QRMI vs. JEPI - Performance Comparison
In the year-to-date period, QRMI achieves a 11.48% return, which is significantly lower than JEPI's 15.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QRMI vs. JEPI - Expense Ratio Comparison
QRMI has a 0.60% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
QRMI vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Risk Managed Income ETF (QRMI) 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.
Dividends
QRMI vs. JEPI - Dividend Comparison
QRMI's dividend yield for the trailing twelve months is around 11.89%, more than JEPI's 7.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
QRMI Global X NASDAQ 100 Risk Managed Income ETF | 11.89% | 12.45% | 10.66% | 3.36% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 7.07% | 8.40% | 11.67% | 6.59% | 5.79% |
Drawdowns
QRMI vs. JEPI - Drawdown Comparison
The maximum QRMI drawdown since its inception was -20.94%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for QRMI and JEPI. For additional features, visit the drawdowns tool.
Volatility
QRMI vs. JEPI - Volatility Comparison
The current volatility for Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is 1.71%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 1.97%. This indicates that QRMI experiences smaller price fluctuations and is considered to be less risky than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.