QYLG vs. JEPQ
Compare and contrast key facts about Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
QYLG and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QYLG is a passively managed fund by Global X that tracks the performance of the CBOE Nasdaq-100 BuyWrite V2 Index. It was launched on Sep 18, 2020. 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: QYLG or JEPQ.
Key characteristics
| QYLG | JEPQ | |
|---|---|---|
| YTD Return | 21.45% | 23.36% |
| 1Y Return | 29.19% | 29.05% |
| Sharpe Ratio | 2.17 | 2.38 |
| Sortino Ratio | 2.89 | 3.11 |
| Omega Ratio | 1.42 | 1.49 |
| Calmar Ratio | 2.75 | 2.71 |
| Martin Ratio | 12.87 | 11.74 |
| Ulcer Index | 2.28% | 2.48% |
| Daily Std Dev | 13.55% | 12.20% |
| Max Drawdown | -30.12% | -16.82% |
| Current Drawdown | -0.27% | 0.00% |
Correlation
The correlation between QYLG and JEPQ is 0.95, 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.
Performance
QYLG vs. JEPQ - Performance Comparison
In the year-to-date period, QYLG achieves a 21.45% return, which is significantly lower than JEPQ's 23.36% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QYLG vs. JEPQ - Expense Ratio Comparison
QYLG has a 0.60% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
QYLG vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) 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
QYLG vs. JEPQ - Dividend Comparison
QYLG's dividend yield for the trailing twelve months is around 5.69%, less than JEPQ's 9.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 5.69% | 5.43% | 6.90% | 15.19% | 1.45% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.35% | 10.02% | 9.44% | 0.00% | 0.00% |
Drawdowns
QYLG vs. JEPQ - Drawdown Comparison
The maximum QYLG drawdown since its inception was -30.12%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for QYLG and JEPQ. For additional features, visit the drawdowns tool.
Volatility
QYLG vs. JEPQ - Volatility Comparison
Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) has a higher volatility of 3.81% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.39%. This indicates that QYLG's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.