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 an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QYLD or JEPQ.
Performance
QYLD vs. JEPQ - Performance Comparison
Returns By Period
In the year-to-date period, QYLD achieves a 15.85% return, which is significantly lower than JEPQ's 22.43% return.
QYLD
15.85%
0.23%
9.06%
19.50%
7.28%
8.43%
JEPQ
22.43%
2.46%
9.42%
26.56%
N/A
N/A
Key characteristics
| QYLD | JEPQ | |
|---|---|---|
| Sharpe Ratio | 1.86 | 2.15 |
| Sortino Ratio | 2.54 | 2.82 |
| Omega Ratio | 1.45 | 1.44 |
| Calmar Ratio | 2.49 | 2.47 |
| Martin Ratio | 13.46 | 10.68 |
| Ulcer Index | 1.43% | 2.48% |
| Daily Std Dev | 10.35% | 12.33% |
| Max Drawdown | -24.75% | -16.82% |
| Current Drawdown | -1.93% | -0.78% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QYLD vs. JEPQ - Expense Ratio Comparison
QYLD has a 0.60% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Correlation
The correlation between QYLD and JEPQ is 0.91, 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.
Risk-Adjusted Performance
QYLD vs. JEPQ - 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 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.
Dividends
QYLD vs. JEPQ - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.69%, more than JEPQ's 9.42% 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% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.42% | 10.02% | 9.44% | 0.00% | 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 -16.82%. Use the drawdown chart below to compare losses from any high point for QYLD and JEPQ. For additional features, visit the drawdowns tool.
Volatility
QYLD vs. JEPQ - Volatility Comparison
The current volatility for Global X NASDAQ 100 Covered Call ETF (QYLD) is 3.54%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 3.86%. 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.