QYLD vs. JEPQ.L

Last updated Jun 10, 2026

QYLD (Global X NASDAQ 100 Covered Call ETF) and JEPQ.L (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)) are both Nasdaq-100 funds. QYLD is passively managed, while JEPQ.L is actively managed. Over the past year, QYLD returned 21.28% vs 24.41% for JEPQ.L. A 0.52 correlation means they provide meaningful diversification when combined. QYLD charges 0.60%/yr vs 0.35%/yr for JEPQ.L.

Performance

QYLD vs. JEPQ.L - 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 Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QYLD achieves a 6.22% return, which is significantly higher than JEPQ.L's 5.67% return.

QYLD

• 1D: -0.78%
• 1M: -0.55%
• YTD: 6.22%
• 6M: 8.09%
• 1Y: 21.28%
• 3Y*: 13.13%
• 5Y*: 8.03%
• 10Y*: 9.69%

JEPQ.L

• 1D: -1.43%
• 1M: -0.07%
• YTD: 5.67%
• 6M: 6.35%
• 1Y: 24.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QYLD vs. JEPQ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QYLD Global X NASDAQ 100 Covered Call ETF	6.22%	9.28%	3.15%
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)	5.67%	14.79%	3.73%

Correlation

The correlation between QYLD and JEPQ.L is 0.56, 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	0.56
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.52

The correlation between QYLD and JEPQ.L has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.

QYLD vs. JEPQ.L - Sectors Allocation Comparison

Sectors	QYLD	JEPQ.L
Technology	53.8%	54.0%
Communication Services	15.8%	15.4%
Consumer Cyclical	12.3%	12.7%
Consumer Defensive	7.7%	7.1%
Healthcare	4.2%	4.4%
Industrials	2.8%	3.1%
Utilities	1.4%	1.3%
Basic Materials	1.1%	1.0%
Energy	0.6%	0.4%
Financial Services	0.2%	0.4%
Real Estate	0.1%	0.2%

Return for Risk

QYLD vs. JEPQ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QYLD

QYLD Risk / Return Rank: 88
QYLD Sharpe Ratio Rank: 84
QYLD Sortino Ratio Rank: 84
QYLD Omega Ratio Rank: 91
QYLD Calmar Ratio Rank: 86
QYLD Martin Ratio Rank: 94

JEPQ.L

JEPQ.L Risk / Return Rank: 73
JEPQ.L Sharpe Ratio Rank: 70
JEPQ.L Sortino Ratio Rank: 75
JEPQ.L Omega Ratio Rank: 75
JEPQ.L Calmar Ratio Rank: 67
JEPQ.L Martin Ratio Rank: 76

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. JEPQ.L - 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 Active UCITS ETF USD (Dist) (JEPQ.L). 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.L	Difference
Sharpe ratio: Return per unit of total volatility	2.41	2.01	+0.41
Sortino ratio: Return per unit of downside risk	3.34	2.92	+0.41
Omega ratio: Gain probability vs. loss probability	1.53	1.39	+0.15
Calmar ratio: Return relative to maximum drawdown	4.30	2.94	+1.37
Martin ratio: Return relative to average drawdown	24.77	12.84	+11.92
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. JEPQ.L - Sharpe Ratio Comparison

The current QYLD Sharpe Ratio is 2.41, which is comparable to the JEPQ.L Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of QYLD and JEPQ.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QYLD	JEPQ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	2.01	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.95	-0.37

Drawdowns

QYLD vs. JEPQ.L - Drawdown Comparison

The maximum QYLD drawdown since its inception was -24.75%, which is greater than JEPQ.L's maximum drawdown of -20.08%. Use the drawdown chart below to compare losses from any high point for QYLD and JEPQ.L.

Drawdown Indicators

	QYLD	JEPQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.75%	-20.08%	-4.67%
Max Drawdown (1Y) Largest decline over 1 year	-4.97%	-8.31%	+3.34%
Max Drawdown (3Y) Largest decline over 3 years	-19.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.61%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.75%	—	—
Current Drawdown Current decline from peak	-1.60%	-3.65%	+2.05%
Average Drawdown Average peak-to-trough decline	-3.83%	-2.78%	-1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	1.90%	-1.04%

Volatility

QYLD vs. JEPQ.L - Volatility Comparison

Global X NASDAQ 100 Covered Call ETF (QYLD) has a higher volatility of 2.96% compared to JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) at 2.69%. This indicates that QYLD's price experiences larger fluctuations and is considered to be riskier than JEPQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QYLD	JEPQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	2.69%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	7.49%	9.18%	-1.69%
Volatility (1Y) Calculated over the trailing 1-year period	8.86%	12.16%	-3.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.73%	16.22%	-1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	16.22%	-0.71%

QYLD vs. JEPQ.L - Expense Ratio Comparison

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

Dividends

QYLD vs. JEPQ.L - Dividend Comparison

QYLD's dividend yield for the trailing twelve months is around 11.64%, more than JEPQ.L's 10.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)	10.49%	10.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QYLD Global X NASDAQ 100 Covered Call ETF	11.64%	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

Can I hold both QYLD and JEPQ.L in my portfolio?

QYLD and JEPQ.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QYLD or JEPQ.L?

On fees, JEPQ.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QYLD or JEPQ.L?

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

What is the main difference between QYLD and JEPQ.L?

They also come from different issuers: Global X and JPMorgan. Their fees differ too: 0.60% for QYLD and 0.35% for JEPQ.L.