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SPAX vs. JEPQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

SPAX vs. JEPQ

Last updated May 19, 2025

Compare and contrast key facts about Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).

SPAX and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPAX is an actively managed fund by Toroso Investments. It was launched on Jun 22, 2021. 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: SPAX or JEPQ.

Correlation

The correlation between SPAX and JEPQ is 0.05, 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

SPAX vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Returns By Period

SPAX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

JEPQ

YTD

-3.17%

1M

9.03%

6M

-0.15%

1Y

8.27%

5Y*

N/A

10Y*

N/A

*Annualized

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SPAX vs. JEPQ - Expense Ratio Comparison

SPAX has a 0.85% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

SPAX
Robinson Alternative Yield Pre-merger SPAC ETF
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF

Risk-Adjusted Performance

SPAX vs. JEPQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPAX
The Risk-Adjusted Performance Rank of SPAX is 8080
Overall Rank
The Sharpe Ratio Rank of SPAX is 7171
Sharpe Ratio Rank
The Sortino Ratio Rank of SPAX is 7171
Sortino Ratio Rank
The Omega Ratio Rank of SPAX is 7373
Omega Ratio Rank
The Calmar Ratio Rank of SPAX is 9494
Calmar Ratio Rank
The Martin Ratio Rank of SPAX is 9090
Martin Ratio Rank
JEPQ
The Risk-Adjusted Performance Rank of JEPQ is 4646
Overall Rank
The Sharpe Ratio Rank of JEPQ is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of JEPQ is 4343
Sortino Ratio Rank
The Omega Ratio Rank of JEPQ is 5050
Omega Ratio Rank
The Calmar Ratio Rank of JEPQ is 4949
Calmar Ratio Rank
The Martin Ratio Rank of JEPQ is 4646
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPAX vs. JEPQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) 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.

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Dividends

SPAX vs. JEPQ - Dividend Comparison

SPAX has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 11.30%.

TTM202420232022
SPAX
Robinson Alternative Yield Pre-merger SPAC ETF		4.15%5.50%5.37%0.97%
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		11.30%9.65%10.02%9.44%

Drawdowns

SPAX vs. JEPQ - Drawdown Comparison

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Volatility

SPAX vs. JEPQ - Volatility Comparison

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