T vs. JEPQ

Last updated Jun 9, 2026

T (AT&T 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, T returned 18.39%/yr vs 20.04%/yr for JEPQ. At a 0.07 correlation, their price movements are largely independent.

Performance

T vs. JEPQ - Performance Comparison

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

Returns By Period

In the year-to-date period, T achieves a -7.40% return, which is significantly lower than JEPQ's 7.44% return.

T

• 1D: -1.10%
• 1M: -10.57%
• YTD: -7.40%
• 6M: -7.40%
• 1Y: -16.38%
• 3Y*: 18.39%
• 5Y*: 6.60%
• 10Y*: 2.86%

JEPQ

• 1D: 1.24%
• 1M: 0.97%
• YTD: 7.44%
• 6M: 7.26%
• 1Y: 25.85%
• 3Y*: 20.04%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

T vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
T AT&T Inc.	-7.40%	13.97%	44.08%	-2.74%	-4.83%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.44%	15.18%	24.85%	36.28%	-12.89%

Correlation

The correlation between T and JEPQ is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.19
Correlation (3Y) Calculated over the trailing 3-year period	-0.09
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.07

The correlation between T and JEPQ shifts across timeframes, from -0.19 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

T vs. JEPQ — Risk / Return Rank

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

T

T Risk / Return Rank: 11
T Sharpe Ratio Rank: 11
T Sortino Ratio Rank: 12
T Omega Ratio Rank: 13
T Calmar Ratio Rank: 14
T Martin Ratio Rank: 4

JEPQ

JEPQ Risk / Return Rank: 73
JEPQ Sharpe Ratio Rank: 73
JEPQ Sortino Ratio Rank: 68
JEPQ Omega Ratio Rank: 79
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

T vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) 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.

	T	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.75	2.13	-2.88
Sortino ratio: Return per unit of downside risk	-0.98	2.79	-3.77
Omega ratio: Gain probability vs. loss probability	0.89	1.42	-0.54
Calmar ratio: Return relative to maximum drawdown	-0.75	2.95	-3.70
Martin ratio: Return relative to average drawdown	-1.59	14.33	-15.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

T vs. JEPQ - Sharpe Ratio Comparison

The current T Sharpe Ratio is -0.75, which is lower than the JEPQ Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of T and JEPQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	T	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.75	2.13	-2.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.96	-0.59

Drawdowns

T vs. JEPQ - Drawdown Comparison

The maximum T drawdown since its inception was -64.15%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for T and JEPQ.

Drawdown Indicators

	T	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-64.15%	-20.07%	-44.08%
Max Drawdown (1Y) Largest decline over 1 year	-21.87%	-8.82%	-13.05%
Max Drawdown (3Y) Largest decline over 3 years	-21.87%	-20.07%	-1.80%
Max Drawdown (5Y) Largest decline over 5 years	-32.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.35%	—	—
Current Drawdown Current decline from peak	-21.87%	-2.02%	-19.85%
Average Drawdown Average peak-to-trough decline	-15.72%	-3.42%	-12.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.34%	1.81%	+8.53%

Volatility

T vs. JEPQ - Volatility Comparison

AT&T Inc. (T) has a higher volatility of 7.50% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.65%. This indicates that T'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.

Volatility by Period

	T	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.50%	3.65%	+3.85%
Volatility (6M) Calculated over the trailing 6-month period	17.57%	9.66%	+7.91%
Volatility (1Y) Calculated over the trailing 1-year period	21.98%	12.19%	+9.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.97%	16.67%	+7.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	16.67%	+7.04%

Dividends

T vs. JEPQ - Dividend Comparison

T's dividend yield for the trailing twelve months is around 4.93%, less than JEPQ's 10.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.26%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
T AT&T Inc.	4.93%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%

Frequently Asked Questions

Can I hold both T and JEPQ in my portfolio?

T and JEPQ have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, T or JEPQ?

T has higher volatility (7.50%) compared to JEPQ (3.65%). In terms of maximum drawdown, T dropped -64.15% vs JEPQ's -20.07%.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.13 vs -0.75), 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.