SPAX vs. JEPQ
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.
Performance
SPAX vs. JEPQ - Performance Comparison
Returns By Period
In the year-to-date period, SPAX achieves a 3.69% return, which is significantly lower than JEPQ's 22.51% return.
SPAX
3.69%
0.12%
2.18%
4.62%
N/A
N/A
JEPQ
22.51%
2.70%
9.38%
26.60%
N/A
N/A
Key characteristics
| SPAX | JEPQ | |
|---|---|---|
| Sharpe Ratio | 0.87 | 2.19 |
| Sortino Ratio | 1.35 | 2.86 |
| Omega Ratio | 1.18 | 1.45 |
| Calmar Ratio | 2.18 | 2.52 |
| Martin Ratio | 9.62 | 10.88 |
| Ulcer Index | 0.48% | 2.48% |
| Daily Std Dev | 5.27% | 12.33% |
| Max Drawdown | -8.88% | -16.82% |
| Current Drawdown | -0.64% | -0.71% |
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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.
Correlation
The correlation between SPAX and JEPQ is 0.06, 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.
Risk-Adjusted Performance
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.
Dividends
SPAX vs. JEPQ - Dividend Comparison
SPAX's dividend yield for the trailing twelve months is around 10.23%, more than JEPQ's 9.41% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
SPAX Robinson Alternative Yield Pre-merger SPAC ETF | 10.23% | 7.54% | 0.97% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.41% | 10.02% | 9.44% |
Drawdowns
SPAX vs. JEPQ - Drawdown Comparison
The maximum SPAX drawdown since its inception was -8.88%, smaller than the maximum JEPQ drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for SPAX and JEPQ. For additional features, visit the drawdowns tool.
Volatility
SPAX vs. JEPQ - Volatility Comparison
The current volatility for Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) is 1.57%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 3.85%. This indicates that SPAX 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.