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

Correlation

The correlation between SPYI 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.


-0.50.00.51.0
Correlation: 0.9

Performance

SPYI vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS S&P 500 High Income ETF (SPYI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

20.00%30.00%40.00%50.00%60.00%70.00%NovemberDecember2025FebruaryMarchApril
30.87%
46.81%
SPYI
JEPQ

Key characteristics

Sharpe Ratio

SPYI:

0.57

JEPQ:

0.48

Sortino Ratio

SPYI:

0.91

JEPQ:

0.80

Omega Ratio

SPYI:

1.15

JEPQ:

1.12

Calmar Ratio

SPYI:

0.59

JEPQ:

0.48

Martin Ratio

SPYI:

2.67

JEPQ:

1.87

Ulcer Index

SPYI:

3.65%

JEPQ:

5.20%

Daily Std Dev

SPYI:

17.04%

JEPQ:

20.43%

Max Drawdown

SPYI:

-16.47%

JEPQ:

-20.07%

Current Drawdown

SPYI:

-8.44%

JEPQ:

-11.79%

Returns By Period

In the year-to-date period, SPYI achieves a -4.57% return, which is significantly higher than JEPQ's -7.74% return.


SPYI

YTD

-4.57%

1M

-4.44%

6M

-3.46%

1Y

8.36%

5Y*

N/A

10Y*

N/A

JEPQ

YTD

-7.74%

1M

-5.27%

6M

-3.37%

1Y

7.78%

5Y*

N/A

10Y*

N/A

*Annualized

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SPYI vs. JEPQ - Expense Ratio Comparison

SPYI has a 0.68% expense ratio, which is higher than JEPQ's 0.35% expense ratio.


Expense ratio chart for SPYI: current value is 0.68%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPYI: 0.68%
Expense ratio chart for JEPQ: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
JEPQ: 0.35%

Risk-Adjusted Performance

SPYI vs. JEPQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYI
The Risk-Adjusted Performance Rank of SPYI is 6868
Overall Rank
The Sharpe Ratio Rank of SPYI is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of SPYI is 6464
Sortino Ratio Rank
The Omega Ratio Rank of SPYI is 7070
Omega Ratio Rank
The Calmar Ratio Rank of SPYI is 7070
Calmar Ratio Rank
The Martin Ratio Rank of SPYI is 7171
Martin Ratio Rank

JEPQ
The Risk-Adjusted Performance Rank of JEPQ is 6060
Overall Rank
The Sharpe Ratio Rank of JEPQ is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of JEPQ is 5959
Sortino Ratio Rank
The Omega Ratio Rank of JEPQ is 6262
Omega Ratio Rank
The Calmar Ratio Rank of JEPQ is 6363
Calmar Ratio Rank
The Martin Ratio Rank of JEPQ is 5959
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.

SPYI vs. JEPQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS S&P 500 High Income ETF (SPYI) 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.


The chart of Sharpe ratio for SPYI, currently valued at 0.57, compared to the broader market-1.000.001.002.003.004.00
SPYI: 0.57
JEPQ: 0.48
The chart of Sortino ratio for SPYI, currently valued at 0.91, compared to the broader market-2.000.002.004.006.008.00
SPYI: 0.91
JEPQ: 0.80
The chart of Omega ratio for SPYI, currently valued at 1.15, compared to the broader market0.501.001.502.00
SPYI: 1.15
JEPQ: 1.12
The chart of Calmar ratio for SPYI, currently valued at 0.59, compared to the broader market0.002.004.006.008.0010.0012.00
SPYI: 0.59
JEPQ: 0.48
The chart of Martin ratio for SPYI, currently valued at 2.67, compared to the broader market0.0020.0040.0060.00
SPYI: 2.67
JEPQ: 1.87

The current SPYI Sharpe Ratio is 0.57, which is comparable to the JEPQ Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of SPYI and JEPQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.57
0.48
SPYI
JEPQ

Dividends

SPYI vs. JEPQ - Dividend Comparison

SPYI's dividend yield for the trailing twelve months is around 13.19%, more than JEPQ's 11.39% yield.


TTM202420232022
SPYI
NEOS S&P 500 High Income ETF
13.19%12.04%12.01%4.10%
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF
11.39%9.65%10.02%9.44%

Drawdowns

SPYI vs. JEPQ - Drawdown Comparison

The maximum SPYI drawdown since its inception was -16.47%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for SPYI and JEPQ. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-8.44%
-11.79%
SPYI
JEPQ

Volatility

SPYI vs. JEPQ - Volatility Comparison

The current volatility for NEOS S&P 500 High Income ETF (SPYI) is 13.32%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 14.74%. This indicates that SPYI 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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
13.32%
14.74%
SPYI
JEPQ