RSPA vs. JEPQ

Last updated Jun 4, 2026

RSPA (Invesco S&P 500 Equal Weight Income Advantage ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - RSPA is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past year, RSPA returned 18.38% vs 29.00% for JEPQ. A 0.64 correlation means they provide meaningful diversification when combined. RSPA charges 0.29%/yr vs 0.35%/yr for JEPQ.

Performance

RSPA vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) 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, RSPA achieves a 7.86% return, which is significantly lower than JEPQ's 9.54% return.

RSPA

• 1D: -0.28%
• 1M: 2.86%
• YTD: 7.86%
• 6M: 8.49%
• 1Y: 18.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: -0.10%
• 1M: 4.31%
• YTD: 9.54%
• 6M: 9.75%
• 1Y: 29.00%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —

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

RSPA vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF	7.86%	11.07%	3.68%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.54%	15.18%	8.54%

Correlation

The correlation between RSPA and JEPQ is 0.60, 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	0.60
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024	0.64

The correlation between RSPA and JEPQ has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.

RSPA vs. JEPQ - Sectors Allocation Comparison

Sectors	RSPA	JEPQ
Technology	18.3%	54.0%
Industrials	14.7%	3.1%
Financial Services	14.4%	0.4%
Healthcare	10.9%	4.4%
Consumer Cyclical	10.3%	12.8%
Consumer Defensive	6.5%	7.1%
Real Estate	6.2%	0.2%
Utilities	6.0%	1.3%
Energy	4.5%	0.4%
Basic Materials	4.1%	1.0%
Communication Services	4.0%	15.4%

Return for Risk

RSPA vs. JEPQ — Risk / Return Rank

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

RSPA

RSPA Risk / Return Rank: 59
RSPA Sharpe Ratio Rank: 57
RSPA Sortino Ratio Rank: 59
RSPA Omega Ratio Rank: 57
RSPA Calmar Ratio Rank: 59
RSPA Martin Ratio Rank: 64

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 74
JEPQ Sortino Ratio Rank: 71
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

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.

RSPA vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) 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.

	RSPA	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	1.98	2.49	-0.51
Sortino ratio Return per unit of downside risk	2.85	3.29	-0.44
Omega ratio Gain probability vs. loss probability	1.36	1.49	-0.13
Calmar ratio Return relative to maximum drawdown	2.97	3.31	-0.33
Martin ratio Return relative to average drawdown	11.88	16.22	-4.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSPA vs. JEPQ - Sharpe Ratio Comparison

The current RSPA Sharpe Ratio is 1.98, which is comparable to the JEPQ Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of RSPA 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.

Sharpe Ratios by Period

	RSPA	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	2.49	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	1.00	-0.06

Drawdowns

RSPA vs. JEPQ - Drawdown Comparison

The maximum RSPA drawdown since its inception was -15.37%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for RSPA and JEPQ.

Drawdown Indicators

	RSPA	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-15.37%	-20.07%	+4.70%
Max Drawdown (1Y) Largest decline over 1 year	-6.21%	-8.82%	+2.61%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.07%	—
Current Drawdown Current decline from peak	-0.28%	-0.10%	-0.18%
Average Drawdown Average peak-to-trough decline	-2.05%	-3.42%	+1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	1.79%	-0.24%

Volatility

RSPA vs. JEPQ - Volatility Comparison

Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) has a higher volatility of 1.95% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.26%. This indicates that RSPA'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

	RSPA	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.95%	1.26%	+0.69%
Volatility (6M) Calculated over the trailing 6-month period	6.66%	9.07%	-2.41%
Volatility (1Y) Calculated over the trailing 1-year period	9.36%	11.73%	-2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.00%	16.61%	-3.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.00%	16.61%	-3.61%

RSPA vs. JEPQ - Expense Ratio Comparison

RSPA has a 0.29% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

RSPA vs. JEPQ - Dividend Comparison

RSPA's dividend yield for the trailing twelve months is around 8.98%, less than JEPQ's 10.07% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.07%	10.53%	9.65%	10.03%	9.44%
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF	8.98%	9.14%	4.03%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSPA and JEPQ in my portfolio?

RSPA and JEPQ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPA or JEPQ?

RSPA has higher volatility (1.95%) compared to JEPQ (1.26%). In terms of maximum drawdown, RSPA dropped -15.37% vs JEPQ's -20.07%.

Which ETF is better, RSPA or JEPQ?

On 1-year performance, JEPQ leads with 29.00% vs 18.38% for RSPA. On fees, RSPA is cheaper at 0.29% per year. On volatility, JEPQ has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPA or JEPQ?

Over the 1-year period, JEPQ has performed better with a 29.00% return vs 18.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPA or JEPQ?

RSPA is cheaper with a 0.29% expense ratio, compared with 0.35% for JEPQ.

Which ETF pays a higher dividend yield, RSPA or JEPQ?

JEPQ has the higher dividend yield at 10.07%, compared with 8.98% for RSPA.

What is the main difference between RSPA and JEPQ?

RSPA is categorized as S&P 500, while JEPQ is Nasdaq-100. RSPA tracks S&P 500 Equal Weight Index, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.29% for RSPA and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.49 vs 1.98), 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.