SPY vs. JEPQ
Compare and contrast key facts about SPDR S&P 500 ETF (SPY) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
SPY and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. 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: SPY or JEPQ.
Correlation
The correlation between SPY and JEPQ is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPY vs. JEPQ - Performance Comparison
Key characteristics
SPY:
0.54
JEPQ:
0.48
SPY:
0.89
JEPQ:
0.80
SPY:
1.13
JEPQ:
1.12
SPY:
0.58
JEPQ:
0.48
SPY:
2.39
JEPQ:
1.87
SPY:
4.51%
JEPQ:
5.20%
SPY:
20.07%
JEPQ:
20.43%
SPY:
-55.19%
JEPQ:
-20.07%
SPY:
-10.54%
JEPQ:
-11.79%
Returns By Period
In the year-to-date period, SPY achieves a -6.44% return, which is significantly higher than JEPQ's -7.74% return.
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
JEPQ
-7.74%
-5.27%
-3.37%
7.78%
N/A
N/A
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SPY vs. JEPQ - Expense Ratio Comparison
SPY has a 0.09% expense ratio, which is lower than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
SPY vs. JEPQ — Risk-Adjusted Performance Rank
SPY
JEPQ
SPY vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 ETF (SPY) 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
SPY vs. JEPQ - Dividend Comparison
SPY's dividend yield for the trailing twelve months is around 1.31%, less than JEPQ's 11.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY SPDR S&P 500 ETF | 1.31% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 11.39% | 9.65% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPY vs. JEPQ - Drawdown Comparison
The maximum SPY drawdown since its inception was -55.19%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for SPY and JEPQ. For additional features, visit the drawdowns tool.
Volatility
SPY vs. JEPQ - Volatility Comparison
SPDR S&P 500 ETF (SPY) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) have volatilities of 15.13% and 14.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.