QTR vs. JEPQ

Last updated Jun 3, 2026

QTR (Global X NASDAQ 100 Tail Risk ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both Nasdaq-100 funds - QTR tracks the NASDAQ-100 Quarterly Protective Put 90 Index while JEPQ tracks the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, QTR returned 23.03%/yr vs 20.96%/yr for JEPQ. Their correlation of 0.94 suggests significant overlap in exposure. QTR charges 0.60%/yr vs 0.35%/yr for JEPQ.

Performance

QTR vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 Tail Risk ETF (QTR) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QTR achieves a 17.92% return, which is significantly higher than JEPQ's 9.65% return.

QTR

• 1D: 0.49%
• 1M: 10.53%
• YTD: 17.92%
• 6M: 16.22%
• 1Y: 35.27%
• 3Y*: 23.03%
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: 0.26%
• 1M: 4.36%
• YTD: 9.65%
• 6M: 10.05%
• 1Y: 29.60%
• 3Y*: 20.96%
• 5Y*: —
• 10Y*: —

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

QTR vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QTR Global X NASDAQ 100 Tail Risk ETF	17.92%	14.52%	21.46%	45.53%	-14.84%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.65%	15.18%	24.85%	36.28%	-12.89%

Correlation

The correlation between QTR and JEPQ is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.94

The correlation between QTR and JEPQ has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

QTR vs. JEPQ - Sectors Allocation Comparison

Sectors	QTR	JEPQ
Technology	53.8%	54.0%
Communication Services	15.8%	15.4%
Consumer Cyclical	12.2%	12.8%
Consumer Defensive	7.7%	7.1%
Healthcare	4.2%	4.4%
Industrials	2.8%	3.1%
Utilities	1.4%	1.3%
Basic Materials	1.1%	1.0%
Energy	0.6%	0.4%
Financial Services	0.2%	0.4%
Real Estate	0.1%	0.2%

Return for Risk

QTR vs. JEPQ — Risk / Return Rank

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

QTR

QTR Risk / Return Rank: 67
QTR Sharpe Ratio Rank: 75
QTR Sortino Ratio Rank: 73
QTR Omega Ratio Rank: 71
QTR Calmar Ratio Rank: 58
QTR Martin Ratio Rank: 57

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.

QTR vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Tail Risk ETF (QTR) 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.

	QTR	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	2.51	2.54	-0.03
Sortino ratio Return per unit of downside risk	3.34	3.35	0.00
Omega ratio Gain probability vs. loss probability	1.43	1.50	-0.07
Calmar ratio Return relative to maximum drawdown	2.93	3.42	-0.49
Martin ratio Return relative to average drawdown	10.09	16.82	-6.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QTR vs. JEPQ - Sharpe Ratio Comparison

The current QTR Sharpe Ratio is 2.51, which is comparable to the JEPQ Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of QTR 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

	QTR	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	2.54	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	1.01	-0.32

Drawdowns

QTR vs. JEPQ - Drawdown Comparison

The maximum QTR drawdown since its inception was -31.72%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for QTR and JEPQ.

Drawdown Indicators

	QTR	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-31.72%	-20.07%	-11.65%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	-8.82%	-3.47%
Max Drawdown (3Y) Largest decline over 3 years	-18.99%	-20.07%	+1.08%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.85%	-3.42%	-5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	1.79%	+1.78%

Volatility

QTR vs. JEPQ - Volatility Comparison

Global X NASDAQ 100 Tail Risk ETF (QTR) has a higher volatility of 4.52% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.25%. This indicates that QTR'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

	QTR	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	1.25%	+3.27%
Volatility (6M) Calculated over the trailing 6-month period	10.68%	9.07%	+1.61%
Volatility (1Y) Calculated over the trailing 1-year period	14.15%	11.73%	+2.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.11%	16.62%	+1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.11%	16.62%	+1.49%

QTR vs. JEPQ - Expense Ratio Comparison

QTR has a 0.60% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

QTR vs. JEPQ - Dividend Comparison

QTR's dividend yield for the trailing twelve months is around 15.92%, more than JEPQ's 10.06% yield.

Position	TTM	2025	2024	2023	2022	2021
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.06%	10.53%	9.65%	10.03%	9.44%	0.00%
QTR Global X NASDAQ 100 Tail Risk ETF	15.92%	18.77%	0.50%	0.53%	0.36%	1.90%

Frequently Asked Questions

Can I hold both QTR and JEPQ in my portfolio?

With a correlation of 0.94, QTR and JEPQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QTR or JEPQ?

QTR has higher volatility (4.52%) compared to JEPQ (1.25%). In terms of maximum drawdown, QTR dropped -31.72% vs JEPQ's -20.07%.

Which ETF is better, QTR or JEPQ?

On 3-year performance, QTR leads with 23.03% vs 20.96% for JEPQ. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JEPQ has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTR or JEPQ?

Over the 3-year period, QTR has performed better with a 23.03% return vs 20.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTR or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.60% for QTR.

Which ETF pays a higher dividend yield, QTR or JEPQ?

QTR has the higher dividend yield at 15.92%, compared with 10.06% for JEPQ.

What is the main difference between QTR and JEPQ?

QTR tracks NASDAQ-100 Quarterly Protective Put 90 Index, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: Global X and JPMorgan. Their fees differ too: 0.60% for QTR and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.54 vs 2.51), 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.