SIVR vs. JEPQ

Last updated Jun 16, 2026

SIVR (abrdn Physical Silver Shares ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt), while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, SIVR returned 42.25%/yr vs 20.72%/yr for JEPQ. At a 0.24 correlation, their price movements are largely independent. SIVR charges 0.30%/yr vs 0.35%/yr for JEPQ.

Performance

SIVR vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Physical Silver Shares ETF (SIVR) 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, SIVR achieves a -1.40% return, which is significantly lower than JEPQ's 10.23% return.

SIVR

• 1D: 3.51%
• 1M: -8.06%
• YTD: -1.40%
• 6M: 9.35%
• 1Y: 92.86%
• 3Y*: 42.25%
• 5Y*: 20.46%
• 10Y*: 14.57%

JEPQ

• 1D: 2.21%
• 1M: 3.31%
• YTD: 10.23%
• 6M: 11.56%
• 1Y: 29.39%
• 3Y*: 20.72%
• 5Y*: —
• 10Y*: —

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

SIVR vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SIVR abrdn Physical Silver Shares ETF	-1.40%	145.34%	21.08%	-0.91%	5.80%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.23%	15.18%	24.85%	36.28%	-11.16%

Correlation

The correlation between SIVR 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	0.24
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.24

Return for Risk

SIVR vs. JEPQ — Risk / Return Rank

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

SIVR

SIVR Risk / Return Rank: 44
SIVR Sharpe Ratio Rank: 50
SIVR Sortino Ratio Rank: 39
SIVR Omega Ratio Rank: 54
SIVR Calmar Ratio Rank: 45
SIVR Martin Ratio Rank: 33

JEPQ

JEPQ Risk / Return Rank: 81
JEPQ Sharpe Ratio Rank: 81
JEPQ Sortino Ratio Rank: 77
JEPQ Omega Ratio Rank: 85
JEPQ Calmar Ratio Rank: 73
JEPQ Martin Ratio Rank: 86

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.

SIVR vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) 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.

	SIVR	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.31	-0.75
Sortino ratio: Return per unit of downside risk	1.85	3.06	-1.21
Omega ratio: Gain probability vs. loss probability	1.31	1.46	-0.15
Calmar ratio: Return relative to maximum drawdown	2.06	3.35	-1.29
Martin ratio: Return relative to average drawdown	4.44	15.94	-11.50

SIVR vs. JEPQ - Sharpe Ratio Comparison

The current SIVR Sharpe Ratio is 1.56, which is lower than the JEPQ Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of SIVR 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

SIVR vs. JEPQ - Drawdown Comparison

The maximum SIVR drawdown since its inception was -75.85%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for SIVR and JEPQ.

Drawdown Indicators

	SIVR	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-75.85%	-20.07%	-55.78%
Max Drawdown (1Y) Largest decline over 1 year	-45.33%	-8.82%	-36.51%
Max Drawdown (3Y) Largest decline over 3 years	-45.33%	-20.07%	-25.26%
Max Drawdown (5Y) Largest decline over 5 years	-45.33%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.33%	—	—
Current Drawdown Current decline from peak	-39.85%	0.00%	-39.85%
Average Drawdown Average peak-to-trough decline	-47.83%	-3.41%	-44.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.00%	1.85%	+19.15%

Volatility

SIVR vs. JEPQ - Volatility Comparison

abrdn Physical Silver Shares ETF (SIVR) has a higher volatility of 16.52% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 5.42%. This indicates that SIVR'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

	SIVR	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.52%	5.42%	+11.10%
Volatility (6M) Calculated over the trailing 6-month period	59.14%	10.44%	+48.70%
Volatility (1Y) Calculated over the trailing 1-year period	59.96%	12.78%	+47.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.53%	16.76%	+19.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.05%	16.76%	+15.29%

SIVR vs. JEPQ - Expense Ratio Comparison

SIVR has a 0.30% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

SIVR vs. JEPQ - Dividend Comparison

SIVR has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 10.00%.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.00%	10.53%	9.65%	10.03%	9.44%
SIVR abrdn Physical Silver Shares ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SIVR and JEPQ in my portfolio?

SIVR 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, SIVR or JEPQ?

SIVR has higher volatility (16.52%) compared to JEPQ (5.42%). In terms of maximum drawdown, SIVR dropped -75.85% vs JEPQ's -20.07%.

Which ETF is better, SIVR or JEPQ?

On 3-year performance, SIVR leads with 42.25% vs 20.72% for JEPQ. On fees, SIVR is cheaper at 0.30% per year. On volatility, JEPQ has been the lower-risk option at 5.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIVR or JEPQ?

Over the 3-year period, SIVR has performed better with a 42.25% return vs 20.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIVR or JEPQ?

SIVR is cheaper with a 0.30% expense ratio, compared with 0.35% for JEPQ.

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

JEPQ has the higher dividend yield at 10.00%, compared with 0.00% for SIVR.

What is the main difference between SIVR and JEPQ?

SIVR is categorized as Silver, while JEPQ is Nasdaq-100. SIVR tracks LBMA Silver Price ($/ozt), while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: abrdn and JPMorgan. Their fees differ too: 0.30% for SIVR and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.31 vs 1.56), 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.