QYLD vs. JEPI
Compare and contrast key facts about Global X NASDAQ 100 Covered Call ETF (QYLD) and JPMorgan Equity Premium Income ETF (JEPI).
QYLD and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013. 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: QYLD or JEPI.
Performance
QYLD vs. JEPI - Performance Comparison
Returns By Period
In the year-to-date period, QYLD achieves a 15.85% return, which is significantly higher than JEPI's 14.85% return.
QYLD
15.85%
0.23%
9.06%
19.50%
7.28%
8.43%
JEPI
14.85%
0.36%
7.81%
17.75%
N/A
N/A
Key characteristics
| QYLD | JEPI | |
|---|---|---|
| Sharpe Ratio | 1.86 | 2.57 |
| Sortino Ratio | 2.54 | 3.57 |
| Omega Ratio | 1.45 | 1.51 |
| Calmar Ratio | 2.49 | 4.69 |
| Martin Ratio | 13.46 | 18.13 |
| Ulcer Index | 1.43% | 1.00% |
| Daily Std Dev | 10.35% | 7.05% |
| Max Drawdown | -24.75% | -13.71% |
| Current Drawdown | -1.93% | -1.00% |
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QYLD vs. JEPI - Expense Ratio Comparison
QYLD has a 0.60% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Correlation
The correlation between QYLD and JEPI is 0.64, 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.
Risk-Adjusted Performance
QYLD vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) 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
QYLD vs. JEPI - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.69%, more than JEPI's 7.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 11.69% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
JEPI JPMorgan Equity Premium Income ETF | 7.12% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QYLD vs. JEPI - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for QYLD and JEPI. For additional features, visit the drawdowns tool.
Volatility
QYLD vs. JEPI - Volatility Comparison
Global X NASDAQ 100 Covered Call ETF (QYLD) has a higher volatility of 3.54% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.14%. This indicates that QYLD's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.