SKYW vs. JEPQ
SKYW (SkyWest, 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, SKYW returned 36.19%/yr vs 20.24%/yr for JEPQ. At a 0.48 correlation, their price movements are largely independent.
Performance
SKYW vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, SKYW achieves a -2.11% return, which is significantly lower than JEPQ's 8.34% return.
SKYW
- 1D
- 1.64%
- 1M
- 13.26%
- YTD
- -2.11%
- 6M
- -4.49%
- 1Y
- -0.81%
- 3Y*
- 36.19%
- 5Y*
- 16.94%
- 10Y*
- 15.33%
JEPQ
- 1D
- 0.74%
- 1M
- 0.15%
- YTD
- 8.34%
- 6M
- 7.25%
- 1Y
- 24.08%
- 3Y*
- 20.24%
- 5Y*
- —
- 10Y*
- —
SKYW vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SKYW SkyWest, Inc. | -2.11% | 0.28% | 91.82% | 216.17% | -42.23% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 8.34% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between SKYW and JEPQ is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.48 |
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Return for Risk
SKYW vs. JEPQ — Risk / Return Rank
SKYW
JEPQ
SKYW vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SkyWest, Inc. (SKYW) 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.
| SKYW | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.37 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 2.74 | -2.77 |
| Martin ratioReturn relative to average drawdown | -0.04 | 12.92 | -12.95 |
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Drawdowns
SKYW vs. JEPQ - Drawdown Comparison
The maximum SKYW drawdown since its inception was -81.77%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for SKYW and JEPQ.
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Drawdown Indicators
| SKYW | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.77% | -20.07% | -61.70% |
Max Drawdown (1Y)Largest decline over 1 year | -36.63% | -8.82% | -27.81% |
Max Drawdown (3Y)Largest decline over 3 years | -36.63% | -20.07% | -16.56% |
Max Drawdown (5Y)Largest decline over 5 years | -71.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -81.77% | — | — |
Current DrawdownCurrent decline from peak | -20.55% | -2.04% | -18.51% |
Average DrawdownAverage peak-to-trough decline | -35.42% | -3.39% | -32.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.29% | 1.87% | +18.42% |
Volatility
SKYW vs. JEPQ - Volatility Comparison
SkyWest, Inc. (SKYW) has a higher volatility of 10.37% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 6.28%. This indicates that SKYW'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.
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Volatility by Period
| SKYW | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.37% | 6.28% | +4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 28.00% | 10.54% | +17.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.81% | 13.05% | +23.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.64% | 16.78% | +26.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.47% | 16.78% | +34.69% |
Dividends
SKYW vs. JEPQ - Dividend Comparison
SKYW has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 10.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.18% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SKYW SkyWest, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.35% | 0.74% | 0.90% | 0.60% | 0.52% | 0.84% |
Frequently Asked Questions
SKYW and JEPQ have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKYW has higher volatility (10.37%) compared to JEPQ (6.28%). In terms of maximum drawdown, SKYW dropped -81.77% vs JEPQ's -20.07%.
JEPQ currently has the higher Sharpe Ratio (1.85 vs -0.02), 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.
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