THTA vs. JEPQ

Last updated Jun 23, 2026

THTA (SoFi Enhanced Yield ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - THTA is a Derivative Income fund actively managed by SoFi, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. THTA is actively managed, while JEPQ is passively managed. Over the past year, THTA returned 16.78% vs 29.42% for JEPQ. At a 0.45 correlation, their price movements are largely independent. THTA charges 0.49%/yr vs 0.35%/yr for JEPQ.

Performance

THTA vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SoFi Enhanced Yield ETF (THTA) 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, THTA achieves a 7.64% return, which is significantly lower than JEPQ's 10.59% return.

THTA

• 1D: 0.32%
• 1M: 0.84%
• YTD: 7.64%
• 6M: 8.23%
• 1Y: 16.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: 0.07%
• 1M: 2.89%
• YTD: 10.59%
• 6M: 10.22%
• 1Y: 29.42%
• 3Y*: 20.80%
• 5Y*: —
• 10Y*: —

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

THTA vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
THTA SoFi Enhanced Yield ETF	7.64%	-10.24%	7.31%	0.99%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.59%	15.18%	24.85%	3.86%

Correlation

The correlation between THTA and JEPQ is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (All Time) Calculated using the full available price history since Nov 15, 2023	0.45

Return for Risk

THTA vs. JEPQ — Risk / Return Rank

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

THTA

THTA Risk / Return Rank: 94
THTA Sharpe Ratio Rank: 91
THTA Sortino Ratio Rank: 93
THTA Omega Ratio Rank: 96
THTA Calmar Ratio Rank: 93
THTA Martin Ratio Rank: 98

JEPQ

JEPQ Risk / Return Rank: 75
JEPQ Sharpe Ratio Rank: 75
JEPQ Sortino Ratio Rank: 70
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 69
JEPQ Martin Ratio Rank: 82

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.

THTA vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SoFi Enhanced Yield ETF (THTA) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	THTA	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	2.95	2.30	+0.64
Sortino ratio: Return per unit of downside risk	4.35	3.05	+1.29
Omega ratio: Gain probability vs. loss probability	1.78	1.46	+0.32
Calmar ratio: Return relative to maximum drawdown	6.39	3.35	+3.04
Martin ratio: Return relative to average drawdown	53.12	15.94	+37.18

THTA vs. JEPQ - Sharpe Ratio Comparison

The current THTA Sharpe Ratio is 2.95, which is comparable to the JEPQ Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of THTA 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.

Drawdowns

THTA vs. JEPQ - Drawdown Comparison

The maximum THTA drawdown since its inception was -31.41%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for THTA and JEPQ.

Drawdown Indicators

	THTA	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-31.41%	-20.07%	-11.34%
Max Drawdown (1Y) Largest decline over 1 year	-2.64%	-8.82%	+6.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.07%	—
Current Drawdown Current decline from peak	-6.11%	0.00%	-6.11%
Average Drawdown Average peak-to-trough decline	-7.49%	-3.40%	-4.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.32%	1.85%	-1.53%

Volatility

THTA vs. JEPQ - Volatility Comparison

The current volatility for SoFi Enhanced Yield ETF (THTA) is 0.95%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 5.68%. This indicates that THTA 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.

Volatility by Period

	THTA	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.95%	5.68%	-4.73%
Volatility (6M) Calculated over the trailing 6-month period	4.07%	10.33%	-6.26%
Volatility (1Y) Calculated over the trailing 1-year period	5.73%	12.85%	-7.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.05%	16.75%	+3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.05%	16.75%	+3.30%

THTA vs. JEPQ - Expense Ratio Comparison

THTA has a 0.49% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

THTA vs. JEPQ - Dividend Comparison

THTA's dividend yield for the trailing twelve months is around 11.14%, more than JEPQ's 9.97% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.97%	10.53%	9.65%	10.03%	9.44%
THTA SoFi Enhanced Yield ETF	11.14%	12.66%	12.44%	0.58%	0.00%

Frequently Asked Questions

Can I hold both THTA and JEPQ in my portfolio?

THTA and JEPQ have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THTA or JEPQ?

JEPQ has higher volatility (5.68%) compared to THTA (0.95%). In terms of maximum drawdown, THTA dropped -31.41% vs JEPQ's -20.07%.

Which ETF is better, THTA or JEPQ?

On 1-year performance, JEPQ leads with 29.42% vs 16.78% for THTA. On fees, JEPQ is cheaper at 0.35% per year. On volatility, THTA has been the lower-risk option at 0.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, THTA or JEPQ?

Over the 1-year period, JEPQ has performed better with a 29.42% return vs 16.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, THTA or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.49% for THTA.

Which ETF pays a higher dividend yield, THTA or JEPQ?

THTA has the higher dividend yield at 11.14%, compared with 9.97% for JEPQ.

What is the main difference between THTA and JEPQ?

THTA is categorized as Derivative Income, while JEPQ is Nasdaq-100. They also come from different issuers: SoFi and JPMorgan. Their fees differ too: 0.49% for THTA and 0.35% for JEPQ.

Which has better risk-adjusted returns?

THTA currently has the higher Sharpe Ratio (2.95 vs 2.30), 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.