QYLD vs. JEPQ
Compare and contrast key facts about Global X NASDAQ 100 Covered Call ETF (QYLD) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
QYLD and JEPQ 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. JEPQ is a passively managed fund by JPMorgan that tracks the performance of the Nasdaq-100 Index. It was launched on May 3, 2022. Both QYLD and JEPQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QYLD vs. JEPQ - Performance Comparison
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QYLD vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 0.02% | 9.28% | 19.35% | 22.77% | -14.65% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | -2.87% | 15.18% | 24.85% | 36.28% | -12.89% |
Returns By Period
In the year-to-date period, QYLD achieves a 0.02% return, which is significantly higher than JEPQ's -2.87% return.
QYLD
- 1D
- 2.69%
- 1M
- -1.52%
- YTD
- 0.02%
- 6M
- 7.09%
- 1Y
- 16.31%
- 3Y*
- 12.97%
- 5Y*
- 6.88%
- 10Y*
- 8.89%
JEPQ
- 1D
- 3.25%
- 1M
- -3.50%
- YTD
- -2.87%
- 6M
- 1.65%
- 1Y
- 19.82%
- 3Y*
- 19.06%
- 5Y*
- —
- 10Y*
- —
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QYLD vs. JEPQ - Expense Ratio Comparison
QYLD has a 0.60% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Return for Risk
QYLD vs. JEPQ — Risk / Return Rank
QYLD
JEPQ
QYLD vs. JEPQ - 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 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.
| QYLD | JEPQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.07 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.64 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.27 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.70 | -0.19 |
Martin ratioReturn relative to average drawdown | 9.98 | 8.45 | +1.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QYLD | JEPQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.07 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.82 | -0.27 |
Correlation
The correlation between QYLD and JEPQ is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
QYLD vs. JEPQ - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.92%, more than JEPQ's 11.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 11.92% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 11.10% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QYLD vs. JEPQ - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for QYLD and JEPQ.
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Drawdown Indicators
| QYLD | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -20.07% | -4.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -11.58% | +0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | — | — |
Current DrawdownCurrent decline from peak | -2.41% | -5.85% | +3.44% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -3.55% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.34% | -0.70% |
Volatility
QYLD vs. JEPQ - Volatility Comparison
The current volatility for Global X NASDAQ 100 Covered Call ETF (QYLD) is 4.90%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.02%. This indicates that QYLD experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QYLD | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 6.02% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.48% | 10.47% | -2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.42% | 18.52% | -2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 16.91% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 16.91% | -1.40% |