TIME vs. JEPQ
Compare and contrast key facts about Clockwise Core Equity & Innovation ETF (TIME) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
TIME and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TIME is an actively managed fund by Clockwise Capital. It was launched on Jan 27, 2022. 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: TIME or JEPQ.
Key characteristics
| TIME | JEPQ | |
|---|---|---|
| YTD Return | 30.07% | 18.38% |
| 1Y Return | 48.71% | 26.44% |
| Sharpe Ratio | 2.85 | 2.27 |
| Sortino Ratio | 3.57 | 2.95 |
| Omega Ratio | 1.49 | 1.46 |
| Calmar Ratio | 2.78 | 2.56 |
| Martin Ratio | 15.28 | 11.09 |
| Ulcer Index | 3.30% | 2.48% |
| Daily Std Dev | 17.68% | 12.12% |
| Max Drawdown | -42.24% | -16.82% |
| Current Drawdown | -5.29% | -1.69% |
Correlation
The correlation between TIME and JEPQ is 0.86, 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
TIME vs. JEPQ - Performance Comparison
In the year-to-date period, TIME achieves a 30.07% return, which is significantly higher than JEPQ's 18.38% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TIME vs. JEPQ - Expense Ratio Comparison
TIME has a 1.00% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
TIME vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Clockwise Core Equity & Innovation ETF (TIME) 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
TIME vs. JEPQ - Dividend Comparison
TIME's dividend yield for the trailing twelve months is around 16.17%, more than JEPQ's 9.74% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TIME Clockwise Core Equity & Innovation ETF | 16.17% | 21.04% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.74% | 10.02% | 9.44% |
Drawdowns
TIME vs. JEPQ - Drawdown Comparison
The maximum TIME drawdown since its inception was -42.24%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for TIME and JEPQ. For additional features, visit the drawdowns tool.
Volatility
TIME vs. JEPQ - Volatility Comparison
Clockwise Core Equity & Innovation ETF (TIME) has a higher volatility of 5.25% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 2.79%. This indicates that TIME'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.