ROOT vs. JEPQ

Last updated Jul 14, 2026

ROOT (Root, Inc.) is a stock, while JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) is Nasdaq-100 fund tracking the Nasdaq-100 Index. Over the past 3 years, ROOT returned 84.96%/yr vs 18.89%/yr for JEPQ. At a 0.33 correlation, their price movements are largely independent.

Performance

ROOT vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Root, Inc. (ROOT) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ROOT achieves a -13.71% return, which is significantly lower than JEPQ's 8.49% return.

ROOT

• 1D: -3.15%
• 1M: 13.53%
• 6M: -21.70%
• YTD: -13.71%
• 1Y: -46.16%
• 3Y*: 84.96%
• 5Y*: -15.82%
• 10Y*: —

JEPQ

• 1D: -1.52%
• 1M: 0.59%
• 6M: 6.42%
• YTD: 8.49%
• 1Y: 22.08%
• 3Y*: 18.89%
• 5Y*: —
• 10Y*: —

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

ROOT vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ROOT Root, Inc.	-13.71%	-0.50%	592.65%	133.41%	-86.37%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	8.49%	15.18%	24.85%	36.28%	-11.16%

Correlation

The correlation between ROOT and JEPQ is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.33

Return for Risk

ROOT vs. JEPQ — Risk / Return Rank

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

ROOT

ROOT Risk / Return Rank: 19
ROOT Sharpe Ratio Rank: 15
ROOT Sortino Ratio Rank: 18
ROOT Omega Ratio Rank: 18
ROOT Calmar Ratio Rank: 18
ROOT Martin Ratio Rank: 24

JEPQ

JEPQ Risk / Return Rank: 65
JEPQ Sharpe Ratio Rank: 60
JEPQ Sortino Ratio Rank: 58
JEPQ Omega Ratio Rank: 65
JEPQ Calmar Ratio Rank: 63
JEPQ Martin Ratio Rank: 77

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.

ROOT vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Root, Inc. (ROOT) 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.

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.

	ROOT	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.67	1.62	-2.29
Sortino ratio: Return per unit of downside risk	-0.73	2.19	-2.93
Omega ratio: Gain probability vs. loss probability	0.91	1.31	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.69	2.52	-3.21
Martin ratio: Return relative to average drawdown	-0.97	11.61	-12.58

ROOT vs. JEPQ - Sharpe Ratio Comparison

The current ROOT Sharpe Ratio is -0.67, which is lower than the JEPQ Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of ROOT and JEPQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ROOT vs. JEPQ - Drawdown Comparison

The maximum ROOT drawdown since its inception was -99.29%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for ROOT and JEPQ.

Drawdown Indicators

	ROOT	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-99.29%	-20.07%	-79.22%
Max Drawdown (1Y) Largest decline over 1 year	-67.10%	-8.82%	-58.28%
Max Drawdown (3Y) Largest decline over 3 years	-75.68%	-20.07%	-55.61%
Max Drawdown (5Y) Largest decline over 5 years	-97.69%	—	—
Current Drawdown Current decline from peak	-87.17%	-2.03%	-85.14%
Average Drawdown Average peak-to-trough decline	-83.80%	-3.37%	-80.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	47.43%	1.91%	+45.52%

Volatility

ROOT vs. JEPQ - Volatility Comparison

Root, Inc. (ROOT) has a higher volatility of 23.16% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 6.46%. This indicates that ROOT'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.

Volatility by Period

	ROOT	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.16%	6.46%	+16.70%
Volatility (6M) Calculated over the trailing 6-month period	47.59%	11.30%	+36.29%
Volatility (1Y) Calculated over the trailing 1-year period	69.13%	13.75%	+55.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	101.79%	16.82%	+84.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.77%	16.82%	+82.95%

Dividends

ROOT vs. JEPQ - Dividend Comparison

ROOT has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 10.51%.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.51%	10.53%	9.65%	10.03%	9.44%
ROOT Root, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ROOT and JEPQ in my portfolio?

ROOT and JEPQ have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ROOT or JEPQ?

ROOT has higher volatility (23.16%) compared to JEPQ (6.46%). In terms of maximum drawdown, ROOT dropped -99.29% vs JEPQ's -20.07%.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (1.62 vs -0.67), 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.