SIXH vs. JEPQ
Compare and contrast key facts about 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
SIXH and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIXH is an actively managed fund by Exchange Traded Concepts. It was launched on May 11, 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: SIXH or JEPQ.
Key characteristics
| SIXH | JEPQ | |
|---|---|---|
| YTD Return | 13.94% | 23.36% |
| 1Y Return | 15.71% | 29.05% |
| Sharpe Ratio | 2.69 | 2.38 |
| Sortino Ratio | 3.92 | 3.11 |
| Omega Ratio | 1.54 | 1.49 |
| Calmar Ratio | 6.73 | 2.71 |
| Martin Ratio | 22.74 | 11.74 |
| Ulcer Index | 0.70% | 2.48% |
| Daily Std Dev | 5.90% | 12.20% |
| Max Drawdown | -11.68% | -16.82% |
| Current Drawdown | -0.76% | 0.00% |
Correlation
The correlation between SIXH and JEPQ is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SIXH vs. JEPQ - Performance Comparison
In the year-to-date period, SIXH achieves a 13.94% 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.
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SIXH vs. JEPQ - Expense Ratio Comparison
SIXH has a 0.87% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
SIXH vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) 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
SIXH vs. JEPQ - Dividend Comparison
SIXH's dividend yield for the trailing twelve months is around 1.52%, less than JEPQ's 9.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.52% | 2.04% | 2.07% | 1.65% | 1.10% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.35% | 10.02% | 9.44% | 0.00% | 0.00% |
Drawdowns
SIXH vs. JEPQ - Drawdown Comparison
The maximum SIXH drawdown since its inception was -11.68%, smaller than the maximum JEPQ drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for SIXH and JEPQ. For additional features, visit the drawdowns tool.
Volatility
SIXH vs. JEPQ - Volatility Comparison
The current volatility for 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is 1.63%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 3.39%. This indicates that SIXH 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.