RSPA vs. JEPQ

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).

RSPA and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RSPA is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Jul 17, 2025. JEPQ is a passively managed fund by JPMorgan that tracks the performance of the Nasdaq-100 Index. It was launched on May 3, 2022. Both RSPA and JEPQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

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.

RSPA vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF	0.42%	11.07%	3.68%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	-2.87%	15.18%	8.54%

Returns By Period

In the year-to-date period, RSPA achieves a 0.42% return, which is significantly higher than JEPQ's -2.87% return.

RSPA

• 1D: 1.49%
• 1M: -4.59%
• YTD: 0.42%
• 6M: 2.58%
• 1Y: 11.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: 3.25%
• 1M: -3.50%
• YTD: -2.87%
• 6M: 1.65%
• 1Y: 19.82%
• 3Y*: 19.06%
• 5Y*: —
• 10Y*: —

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

RSPA vs. JEPQ - Expense Ratio Comparison

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

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

RSPA

Invesco S&P 500 Equal Weight Income Advantage ETF

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: 49
RSPA Sharpe Ratio Rank: 46
RSPA Sortino Ratio Rank: 45
RSPA Omega Ratio Rank: 51
RSPA Calmar Ratio Rank: 45
RSPA Martin Ratio Rank: 57

JEPQ

JEPQ Risk / Return Rank: 72
JEPQ Sharpe Ratio Rank: 65
JEPQ Sortino Ratio Rank: 68
JEPQ Omega Ratio Rank: 75
JEPQ Calmar Ratio Rank: 72
JEPQ Martin Ratio Rank: 82

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	0.78	1.07	-0.29
Sortino ratio Return per unit of downside risk	1.19	1.64	-0.45
Omega ratio Gain probability vs. loss probability	1.18	1.27	-0.08
Calmar ratio Return relative to maximum drawdown	1.08	1.70	-0.63
Martin ratio Return relative to average drawdown	5.32	8.45	-3.14
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 0.78, which is comparable to the JEPQ Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of RSPA and JEPQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RSPA	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	1.07	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.82	-0.15

Correlation

The correlation between RSPA and JEPQ is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RSPA vs. JEPQ - Dividend Comparison

RSPA's dividend yield for the trailing twelve months is around 9.37%, less than JEPQ's 11.10% yield.

	TTM	2025	2024	2023	2022
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF	9.37%	9.14%	4.03%	0.00%	0.00%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	11.10%	10.53%	9.65%	10.03%	9.44%

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	-11.45%	-11.58%	+0.13%
Current Drawdown Current decline from peak	-4.81%	-5.85%	+1.04%
Average Drawdown Average peak-to-trough decline	-2.16%	-3.55%	+1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	2.34%	-0.02%

Volatility

RSPA vs. JEPQ - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is 3.81%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.02%. This indicates that RSPA 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.

Volatility by Period

	RSPA	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	6.02%	-2.21%
Volatility (6M) Calculated over the trailing 6-month period	7.51%	10.47%	-2.96%
Volatility (1Y) Calculated over the trailing 1-year period	14.79%	18.52%	-3.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.39%	16.91%	-3.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.39%	16.91%	-3.52%