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QYLD vs. JEPI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QYLD vs. JEPI

Last updated Apr 15, 2026

QYLD (Global X NASDAQ 100 Covered Call ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds — QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2, while JEPI is a Actively Managed fund actively managed by JPMorgan. QYLD is passively managed, while JEPI is actively managed. Over the past 5 years, QYLD returned 7.35%/yr vs 8.60%/yr for JEPI. A 0.63 correlation means they provide meaningful diversification when combined. QYLD charges 0.60%/yr vs 0.35%/yr for JEPI.

Performance

QYLD vs. JEPI - Performance Comparison

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

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Returns By Period

In the year-to-date period, QYLD achieves a 2.82% return, which is significantly lower than JEPI's 3.01% return.

QYLD

1D
0.06%
1M
2.05%
YTD
2.82%
6M
9.50%
1Y
20.88%
3Y*
13.72%
5Y*
7.35%
10Y*
9.16%

JEPI

1D
-0.03%
1M
2.07%
YTD
3.01%
6M
5.75%
1Y
15.05%
3Y*
10.16%
5Y*
8.60%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QYLD vs. JEPI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
QYLD
Global X NASDAQ 100 Covered Call ETF		2.82%9.28%19.35%22.77%-19.08%10.41%19.13%
JEPI
JPMorgan Equity Premium Income ETF		3.01%8.09%12.57%9.83%-3.49%21.52%18.61%

Correlation

The correlation between QYLD and JEPI is 0.58, 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

0.58

Correlation (3Y)
Calculated over the trailing 3-year period

0.60

Correlation (5Y)
Calculated over the trailing 5-year period

0.65

Correlation (All Time)
Calculated using the full available price history since May 22, 2020

0.63

The correlation between QYLD and JEPI has been stable across timeframes, ranging from 0.58 to 0.65 — a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X NASDAQ 100 Covered Call ETF

JPMorgan Equity Premium Income ETF

Often compared with QYLD:
QYLD vs. JEPQQYLD vs. QQQQYLD vs. XYLDQYLD vs. RYLDQYLD vs. SCHDQYLD vs. QYLGQYLD vs. SPY
Often compared with JEPI:
JEPI vs. JEPQJEPI vs. SCHDJEPI vs. SPYJEPI vs. SPYIJEPI vs. QQQIJEPI vs. VOOJEPI vs. DIVO

Return for Risk

QYLD vs. JEPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QYLD
QYLD Risk / Return Rank: 7474
Overall Rank
QYLD Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
QYLD Sortino Ratio Rank: 5555
Sortino Ratio Rank
QYLD Omega Ratio Rank: 7878
Omega Ratio Rank
QYLD Calmar Ratio Rank: 8484
Calmar Ratio Rank
QYLD Martin Ratio Rank: 9393
Martin Ratio Rank
JEPI
JEPI Risk / Return Rank: 4343
Overall Rank
JEPI Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
JEPI Sortino Ratio Rank: 3838
Sortino Ratio Rank
JEPI Omega Ratio Rank: 4040
Omega Ratio Rank
JEPI Calmar Ratio Rank: 4444
Calmar Ratio Rank
JEPI Martin Ratio Rank: 5656
Martin Ratio Rank
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.

QYLD vs. JEPI - Risk-Adjusted Trends 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.

QYLDJEPIDifference

Sharpe ratio

Return per unit of total volatility

2.27

1.74

+0.53

Sortino ratio

Return per unit of downside risk

3.06

2.51

+0.55

Omega ratio

Gain probability vs. loss probability

1.51

1.34

+0.18

Calmar ratio

Return relative to maximum drawdown

4.89

2.64

+2.25

Martin ratio

Return relative to average drawdown

25.96

11.53

+14.43

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QYLD vs. JEPI - Sharpe Ratio Comparison

The current QYLD Sharpe Ratio is 2.27, which is higher than the JEPI Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of QYLD and JEPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

QYLDJEPIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.27

1.74

+0.53

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

0.78

-0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

1.07

-0.51

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.

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Drawdown Indicators

QYLDJEPIDifference

Max Drawdown

Largest peak-to-trough decline

-24.75%

-13.71%

-11.04%

Max Drawdown (1Y)

Largest decline over 1 year

-4.97%

-6.68%

+1.71%

Max Drawdown (5Y)

Largest decline over 5 years

-24.61%

-13.71%

-10.90%

Max Drawdown (10Y)

Largest decline over 10 years

-24.75%

—

—

Current Drawdown

Current decline from peak

0.00%

-2.11%

+2.11%

Average Drawdown

Average peak-to-trough decline

-3.88%

-2.08%

-1.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.94%

1.53%

-0.59%

Volatility

QYLD vs. JEPI - Volatility Comparison

Global X NASDAQ 100 Covered Call ETF (QYLD) has a higher volatility of 4.54% compared to JPMorgan Equity Premium Income ETF (JEPI) at 4.03%. 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.

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Volatility by Period

QYLDJEPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.54%

4.03%

+0.51%

Volatility (6M)

Calculated over the trailing 6-month period

7.39%

6.53%

+0.86%

Volatility (1Y)

Calculated over the trailing 1-year period

9.32%

8.80%

+0.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.85%

11.10%

+3.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.52%

10.89%

+4.63%

QYLD vs. JEPI - Expense Ratio Comparison

QYLD has a 0.60% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

QYLD vs. JEPI - Dividend Comparison

QYLD's dividend yield for the trailing twelve months is around 11.60%, more than JEPI's 8.26% yield.

TTM20252024202320222021202020192018201720162015
QYLD
Global X NASDAQ 100 Covered Call ETF		11.60%11.55%12.50%11.78%13.75%12.85%11.16%9.84%12.44%7.69%9.15%9.42%
JEPI
JPMorgan Equity Premium Income ETF		8.26%8.25%7.33%8.40%11.68%6.59%5.79%0.00%0.00%0.00%0.00%0.00%