PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
QYLD vs. JEPI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QYLD vs. JEPI

Last updated Aug 1, 2026
Documentation

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 Dividend fund actively managed by JPMorgan. QYLD is passively managed, while JEPI is actively managed. Over the past 5 years, QYLD returned 7.83%/yr vs 7.40%/yr for JEPI. Their 0.61 correlation means they have sometimes moved together and sometimes differently. 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.

Loading charts...

Returns By Period

In the year-to-date period, QYLD achieves a 7.67% return, which is significantly higher than JEPI's 4.52% return.

QYLD

1D
0.65%
1M
-2.14%
6M
5.88%
YTD
7.67%
1Y
19.43%
3Y*
12.32%
5Y*
7.83%
10Y*
9.59%
ALL TIME*
8.57%

JEPI

1D
0.33%
1M
2.33%
6M
2.16%
YTD
4.52%
1Y
10.15%
3Y*
9.21%
5Y*
7.40%
10Y*
—
ALL TIME*
11.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

JEPI

JPMorgan Equity Premium Income ETF
$260.98M$260.42M$297.70M

QYLD

Global X NASDAQ 100 Covered Call ETF
$83.30M$78.68M$98.28M

QYLD vs. JEPI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
QYLD
Global X NASDAQ 100 Covered Call ETF		7.67%9.28%19.35%22.77%-19.08%10.41%18.96%
JEPI
JPMorgan Equity Premium Income ETF		4.52%8.09%12.57%9.83%-3.49%21.52%18.39%

Correlation

The correlation between QYLD and JEPI is 0.44, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.44

Correlation (3Y)
Balances recent behavior with more history.

0.56

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.63

Correlation (All Time)
Calculated using the full available price history since May 21, 2020

0.61

The correlation between QYLD and JEPI shifts across timeframes, from 0.44 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.

QYLD vs. JEPI - Sectors Allocation Comparison

Sectors
QYLD
JEPI

Technology

62.7%
15.3%

Communication Services

13.0%
6.2%

Consumer Cyclical

10.9%
10.0%

Consumer Defensive

6.6%
7.8%

Industrials

4.1%
10.7%

Healthcare

3.7%
12.8%

Utilities

1.3%
4.8%

Basic Materials

1.1%
1.6%

Energy

0.5%
2.5%

Financial Services

0.2%
9.1%

Real Estate

0.1%
2.6%

Technology

QYLD
62.7%
JEPI
15.3%

Communication Services

QYLD
13.0%
JEPI
6.2%

Consumer Cyclical

QYLD
10.9%
JEPI
10.0%

Consumer Defensive

QYLD
6.6%
JEPI
7.8%

Industrials

QYLD
4.1%
JEPI
10.7%

Healthcare

QYLD
3.7%
JEPI
12.8%

Utilities

QYLD
1.3%
JEPI
4.8%

Basic Materials

QYLD
1.1%
JEPI
1.6%

Energy

QYLD
0.5%
JEPI
2.5%

Financial Services

QYLD
0.2%
JEPI
9.1%

Real Estate

QYLD
0.1%
JEPI
2.6%

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. DIVOJEPI vs. VOO

Return for Risk

QYLD vs. JEPI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
QYLD
QYLD Risk / Return Rank: 8383
Overall Rank
QYLD Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
QYLD Sortino Ratio Rank: 7777
Sortino Ratio Rank
QYLD Omega Ratio Rank: 8383
Omega Ratio Rank
QYLD Calmar Ratio Rank: 8686
Calmar Ratio Rank
QYLD Martin Ratio Rank: 9292
Martin Ratio Rank
JEPI
JEPI Risk / Return Rank: 4848
Overall Rank
JEPI Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
JEPI Sortino Ratio Rank: 5353
Sortino Ratio Rank
JEPI Omega Ratio Rank: 5252
Omega Ratio Rank
JEPI Calmar Ratio Rank: 4343
Calmar Ratio Rank
JEPI Martin Ratio Rank: 4141
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

QYLDJEPIDifference
Sharpe ratioReturn per unit of total volatility
1.73
1.25

+0.48

Sortino ratioReturn per unit of downside risk
2.48
1.85

+0.64

Omega ratioGain probability vs. loss probability

1.35

1.23

+0.12

Calmar ratioReturn relative to maximum drawdown

3.38

1.52

+1.85

Martin ratioReturn relative to average drawdown

15.70

4.32

+11.39

QYLD vs. JEPI - Sharpe Ratio Comparison

The current QYLD Sharpe Ratio is 1.73, which is higher than the JEPI Sharpe Ratio of 1.25. 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.

Loading charts...

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.

Loading charts...

Drawdown Indicators

QYLDJEPIDifference

Max Drawdown

Largest peak-to-trough decline

-24.75%

-13.71%

-11.04%

Max Drawdown (1Y)

Largest decline over 1 year

-5.78%

-6.68%

+0.90%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-13.26%

-5.80%

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

-2.96%

-0.68%

-2.28%

Average Drawdown

Average peak-to-trough decline

-3.81%

-2.13%

-1.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.24%

2.36%

-1.12%

Volatility

QYLD vs. JEPI - Volatility Comparison

Global X NASDAQ 100 Covered Call ETF (QYLD) has a higher volatility of 5.19% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.38%. 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.

Loading charts...

Volatility by Period

QYLDJEPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.19%

2.38%

+2.81%

Volatility (6M)

Calculated over the trailing 6-month period

10.04%

6.37%

+3.67%

Volatility (1Y)

Calculated over the trailing 1-year period

11.26%

8.15%

+3.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.04%

11.10%

+3.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.63%

10.73%

+4.90%

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 11.89%, more than JEPI's 7.96% yield.

PositionTTM20252024202320222021202020192018201720162015
JEPI
JPMorgan Equity Premium Income ETF		7.96%8.25%7.33%8.40%11.68%6.59%5.79%0.00%0.00%0.00%0.00%0.00%
QYLD
Global X NASDAQ 100 Covered Call ETF		11.89%11.55%12.50%11.78%13.75%12.85%11.16%9.84%12.44%7.69%9.15%9.42%

Frequently Asked Questions

QYLD and JEPI have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QYLD has higher volatility (5.19%) compared to JEPI (2.38%). In terms of maximum drawdown, QYLD dropped -24.75% vs JEPI's -13.71%.

On 5-year performance, QYLD leads with 7.83% vs 7.40% for JEPI. On fees, JEPI is cheaper at 0.35% per year. On volatility, JEPI has been the lower-risk option at 2.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, QYLD has performed better with a 7.83% return vs 7.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

JEPI is cheaper with a 0.35% expense ratio, compared with 0.60% for QYLD.

QYLD has the higher dividend yield at 11.89%, compared with 7.96% for JEPI.

QYLD is categorized as Nasdaq-100, while JEPI is Dividend. They also come from different issuers: Global X and JPMorgan. Their fees differ too: 0.60% for QYLD and 0.35% for JEPI.

QYLD currently has the higher Sharpe Ratio (1.73 vs 1.25), 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.

Portfolio Optimizer

Find the right allocation for QYLD and JEPI

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer